Our Approach

PIMCO's U.S. real estate team is led by John Murray and Devin Chen in Newport Beach and New York, respectively. PIMCO's European real estate team is led by Laurent Luccioni in London. The group is comprised of seasoned private equity portfolio managers and structured credit professionals who work together to identify the most attractive risk-adjusted returnopportunities globally across public and private markets in both equity and debt.

PIMCO Mortgage and Real Estate Opportunistic Funds Timeline

Mortgage and Real Estate
Amidst the financial crisis, PIMCO expanded both its capabilities and offerings in direct mortgages, structured credit and real estate with the intent to capitalize on the evolving opportunity set, while emphasizing flexibility. A combination of bottom-up real estate underwriting with macroeconomic insights is used to determine optimal asset allocation. In addition, the strategies focused on uncovering embedded investment risks and value-add potential at the property level and incorporating a relative value framework that includes both public and private real estate data points.

PIMCO’s real estate team includes individuals with real estate private equity, structuring, servicing and origination expertise operating in both the U.S. and Europe. With private and public real estate markets more interconnected than ever, the team’s expertise in asset selection and structure provides a unique perspective to investing and creating value in real estate. Investments span originations, real estate equity, non-performing and re-performing loans, private debt and structured credit, underscoring the team’s flexibility.

U.S. Real Estate

European Real Estate

PIMCO's Real Estate Team

NAME & TITLE
LOCATION
FOCUS
John Murray Co-head U.S. CRE, MD, Portfolio Manager
Newport Beach
RE Private Equity
Devin Chen Co-head U.S. CRE, EVP, Portfolio Manager
New York
RE Private Equity
Laurent Luccioni Head, European Real Estate, EVP, Portfolio Manager
London
RE Private Equity
Lee Galloway EVP, Portfolio Manager
London
RE Private Equity
Russell Gannaway EVP, Portfolio Manager
Newport Beach
CRE Structured Products
John Lee EVP, Portfolio Manager
Newport Beach
RE Private Equity
Tareck Safi EVP, Portfolio Manager
London
RE Private Equity
Bill Cumby Senior Vice President, Portfolio Manager
Newport Beach
RE Private Equity
Chris Flick Senior Vice President, Portfolio Manager
Newport Beach
RE Private Equity
George Graham Senior Vice President, Portfolio Manager
London
RE Private Equity
Brent Jenkins Senior Vice President, Portfolio Manager
New York
RE Private Equity
Julia Kelting Senior Vice President, Portfolio Manager
Munich
CRE Structured Products
Matt Michalovsky Senior Vice President, Portfolio Manager
Newport Beach
RE Private Equity
Kevin Morgenroth Senior Vice President, Portfolio Manager
New York
RE Private Equity
Jonathan Schube Senior Vice President, Portfolio Manager
New York
RE Private Equity
Bryan Tsu Senior Vice President, Portfolio Manager
Newport Beach
CRE Structured Products
Griff Winkler Senior Vice President, Portfolio Manager
London
RE Private Equity
Sagar Bhatt Vice President, Portfolio Manager
New York
RE Private Equity
Cyril Choppin Vice President, Portfolio Manager
London
CRE Structured Products
Stefanie Evans Vice President, Portfolio Manager
Newport Beach
CRE Structured Products
Jason Longo Vice President, Portfolio Manager
New York
RE Private Equity
Lindsey O'Connor Vice President, Portfolio Manager
Newport Beach
CRE Structured Products
Julio Siberio Vice President, Portfolio Manager
Newport Beach
CRE Structured Products
Cesar Villaveces Vice President, Portfolio Manager
Newport Beach
RE Private Equity
Qingxi Wang Vice President, Portfolio Manager
Newport Beach
RE Private Equity
Hansford Warner Vice President, Portfolio Manager
Newport Beach
RE Private Equity
Anthony Clarke Portfolio Manager
Newport Beach
RE Private Equity
Richard Debo Portfolio Manager
New York
RE Private Equity
Tristan De Souza Portfolio Manager
London
RE Private Equity
Pierre-Arnaud Drouhin Portfolio Manager
London
RE Private Equity
Laetitia Theroine Portfolio Manager
London
RE Private Equity
Sebastian Zilles Portfolio Manager
London
RE Private Equity
Vanessa Trinh Associate
Newport Beach
RE Private Equity

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Contact Information

PIMCO Headquarters
650 Newport Center Drive
Newport Beach, CA 92660
USA

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Disclosures

PIMCO provides services only to qualified institutions and investors. This material has been distributed for informational purposes only and should not be considered as investment advice or a recommendation of any particular security, strategy or investment product. Nothing contained herein should be regarded as investment or other advice.

The following disclosures may not include all risks related to the hedge fund strategies described above. Additionally, this material is not intended to provide, and should not be relied on for, accounting, legal, or tax advice. You should consult your tax or legal advisor regarding such matters.

General risks: The strategies involve a high degree of risk and prospective investors are advised that these strategies are suitable only for persons of adequate financial means who have no need for liquidity with respect to their investment and who can bear the economic risk, including the possible complete loss, of their investment. All investments contain risk and may lose value. The strategies will not be subject to the same regulatory requirements as registered investment vehicles. The strategies may be leveraged and may engage in speculative investment practices that may increase the risk of investment loss. The strategies are not expected to be restricted to track a particular benchmark. A strategy’s fees and expenses may offset its trading profits. The portfolio manager(s) are expected to have broad trading authority over a particular strategy. The use of a single adviser applying generally similar trading programs could mean lack of diversification and, consequently, higher risk. The strategies generally involve complex tax structures and there may be delays in distributing important tax information. A substantial portion of the trades executed for certain strategies may be in non-U.S. securities and take place on non-U.S. exchanges. Certain strategies may invest in non-publicly traded securities which may be subject to illiquidity risk. Performance could be volatile; an investor could lose all or a substantial amount of its investments. Past performance is not a guarantee or a reliable indicator of future results.