Principal AM hires senior international real estate | Australian Markets
US investment firm Principal Asset Announcement has appointed a new international head of real estate analysis & strategy, with Richard Hill leaping ship from REITs specialist Cohen & Steers.
Hill will work throughout portfolio groups on capital allocation methods developed via a relative worth framework. As half of an expansive position, Hill will even lead the firm’s real estate international analysis workforce, together with oversight of the firm’s home financial and real estate views for purchasers – a acquainted kind for Hill.
John Berg, senior managing director and international head of personal real estate at Principal Asset Administration, mentioned Hill’s appointment could be “instrumental in shaping our investment approach and delivering strong outcomes for our clients” in what has grow to be an “increasingly complex” real estate market.
“Rich brings a unique combination of market insight, portfolio management experience, and research-driven innovation that will be invaluable as we navigate opportunities across global real estate.”
Hill, who has notched up more than 24 years within the financial providers sector, joins from New York-based Cohen & Steers Capital Administration the place he held a related head of real estate strategy & analysis position. Over his three years with the REITs specialist investment firm, Hill was chargeable for figuring out allocation alternatives throughout listed and personal real estate.
Beforehand, Hill was managing director and head of business real estate analysis at Morgan Stanley, overseeing REIT equity analysis, CRE debt strategy and macro property analysis.
Earlier, he held a director position at RBS Securities and was vice president at Financial institution of America Company.
Principal Actual Property, the group’s devoted real estate investment workforce manages over US$100 billion in real estate belongings globally. Its mum or dad, Principal Monetary Group, oversees US$700 billion and administers US$1.6 trillion.
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