EXHIBIT 12

CBRE GROUP, INC.

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

(Dollars in thousands)

	Year Ended December 31,
	2012			2011		2010			2009			2008
Income (loss) from continuing operations before provision for income taxes	$	489,478		$	429,538	$	272,057		$	(645	)	$	(1,025,679	)
Less: Equity income (loss) from unconsolidated subsidiaries		60,729			104,776		26,561			(34,095	)		(80,130	)
(Loss) income from continuing operations attributable to non-controlling interests		(9,697	)		6,918		(49,777	)		(60,979	)		(54,198	)
Add: Distributed earnings of unconsolidated subsidiaries		20,199			20,794		33,874			13,509			23,867
Fixed charges		245,322			219,964		272,301			278,379			236,533
Total earnings (loss) before fixed charges	$	703,967		$	558,602	$	601,448		$	386,317		$	(630,951	)
Fixed charges:
Portion of rent expense representative of the interest factor (1)	$	70,254		$	69,715	$	63,002		$	59,978		$	69,377
Interest expense		175,068			150,249		191,151			189,146			167,156
Write-off of financing costs		—			—		18,148			29,255			—
Total fixed charges	$	245,322		$	219,964	$	272,301		$	278,379		$	236,533
Ratio of earnings to fixed charges		2.87			2.54		2.21			1.39			N/A	(2)

(1) Represents one-third of operating lease costs, which approximates the portion that relates to the interest portion.

(2) The ratio of earnings to fixed charges was negative for the year ended December 31, 2008. Additional earnings of $867.5 million would be needed to have a one-to-one ratio of earnings to fixed charges.