Karlan was then approached by Imperial Credit Commercial Bank and created a REIT under the bank. He was CEO, founder, and board member of Imperial Credit Commercial Mortgage Investment Corp. and managed over $100 worth of assets. In the year 2000 Karlan raised $500 in equity and began to invest in both commercial real estate and commercial property loans in the United States and Europe.
Karlan decided to leave Imperial Credit in 2000 for personal reasons but then joined CBRE Global Investors in 2006. Karlan was the president and founder of the firm’s strategic partners Asia fund, opening offices in Hong Kong, Shanghai, Beijing, Tokyo, and Singapore. Karlan’s business plan was simple, invest in value add real estate throughout Asia. He was able to raise $1.2 billion and made the company an large profit.
Karlan left CBRE Global Investors in 2011 to become a Real Estate Finance Professor at UCLA’s Anderson School of Business. Karlan made quite an impression through his lasting career, and his impact will only grow as time goes on by virtue of his students.