In a slow deal market, fund managers at some of
the largest institutions in the US are looking to
put their money into play and make the most of
their existing investments
Thomas D. Zale, managing director, oversees the real estate equity and
asset management portfolio for Northwestern Mutual Investment
Management Co. The Milwaukee-based firm has $25.2 billion in assets
under management, including $19.9 billion in debt and $5.3 billion in equity.
James J. Halliwell, managing director with Principal Real Estate
Investors, oversees the Des Moines-based firm’s acquisitions and dispositions for the eastern US. Principal has $33.2 billion in assets under
management, almost evenly split between equity and debt.
Steven E. Pumper (moderator) is executive managing director of investment services for Transwestern Commercial Services in Houston.
James A. Stolpestad is CEO of Allianz Real Estate of America. The New
York City-based firm has € 17 billion in equity assets under management
worldwide, as well as $5 billion in US debt assets.
Michael G. Desiato (moderator) is vice president of ALM’s Real Estate
Media Group in New York City.
Trevor L. Michael is managing director, global real estate and asset
management for TIAA-CREF in New York City, which has $20 billion in
debt and $15 billion in equity assets under management.
Roger Pratt, managing director and senior portfolio manager, runs two
open-end funds and two single-client accounts for Prudential Real Estate
Investors. Based in Parsippany, NJ, PREI has total gross assets under
management of $43.8 billion in equity.
Mark S. Higgins is chief investment officer of Cornerstone Real Estate
Advisers LLC’s equity group. The Hartford, CT-based firm has $11 billion
in equity and $20 billion in debt assets under management.