In February 2024, Tebbit and Mueller-Borja were appointed to the top real estate post at BlackRock. Tebbit, who joined the firm in 2011, had been overseeing the asset manager’s global core equity platform. Mueller-Borja, who joined in 2014, most recently oversaw a consolidation of real estate investment approaches across the U.S., Europe and Asia for value-add real estate. BlackRock is an institutional investor in many real estate brokerages. In November 2024, its holdings included stakes in Anywhere Real Estate, CoStar Group, Compass, eXp World Holdings, Realogy, Redfin and The Real Brokerage.