Murphy Brings Nearly 40 Years Of Experience As
A Real Estate Banker & REIT Executive
NEW
YORK, July 18, 2024 /PRNewswire/ -- Today,
Fifth Wall—the largest asset manager focused on improving,
future-proofing, and decarbonizing the built world—announced
Devin Murphy has joined the
Firm as a Senior Advisor focused on further deepening Fifth Wall's
relationships with its 110-plus strategic Limited Partners and the
real estate industry.
"We are thrilled to have Devin
Murphy join Fifth Wall as a Senior Advisor," said
Brendan Wallace, Chief
Executive Officer and Chief Investment Officer, Fifth Wall. "As the
real estate industry continues to stand at the critical precipice
of a new transformation—facing disruptive trends from AI and
automation to climate change to inflationary pressures and changing
tenant preferences—Devin's decades of experience serving as a
trusted advisor to many, uniquely positions him to serve as an
invaluable asset to our key consortium."
Most recently, Murphy was President of Phillips Edison & Company (PECO), one of the
nation's largest owners and operators of grocery-anchored shopping
centers. He played a critical role in the company's growth,
including its IPO in July 2021. Prior
to PECO, Murphy spent three decades as an investment banker, where
he was a Vice Chairman of Morgan Stanley and Global Head of Real
Estate Investment Banking at Deutsche Bank. In addition, he served
as chairman of AIR Communities (AIRC), which recently
completed its sale to Blackstone. He also serves as a director
for CoreCivic (CXW) and PECO.
"I'm excited to join Brendan, Jeremy
Fox & the entire Fifth Wall team," stated Murphy, Senior
Advisor at Fifth Wall. "I've long been impressed and inspired by
the Firm's work at the intersection of real estate, technology, and
energy. They've proven themselves to be a pivotal player in helping
owner-operators navigate many challenges, while simultaneously
innovating for the future."
Murphy marks Fifth Wall's second Senior Advisor, following
Mary Hogan Preusse's
appointment to Senior Advisor in October 2021.
About Fifth Wall
Founded in 2016, Fifth
Wall, a Certified B. Corp, is the largest asset manager focused
on improving, future-proofing, and decarbonizing the built world.
With ~$3B in commitments and capital
under management, Fifth Wall is backed by a global mix of 110+
strategic limited partners from 20+ countries, including BNP
Paribas Real Estate, British Land, CBRE, Cushman & Wakefield,
Hilton, Hines, Host Hotels and Resorts, Kimco Realty Corporation,
Lennar, Marriott International, MetLife Investment Management, MGM
Resorts, Related Companies, Starwood Capital, Toll Brothers, and
others. This consortium represents one of the largest groups of
potential partners in the global built world ecosystem, resulting
in transformational investments and collaboration with portfolio
companies to cut emissions, improve efficiency, and maximize
returns. Founded in Los Angeles
and headquartered in New York, its
other offices include San
Francisco, London, and
Singapore. For more about Fifth
Wall, its Limited Partners, and portfolio, visit
www.fifthwall.com.
View original content to download
multimedia:https://www.prnewswire.com/news-releases/devin-murphy-joins-fifth-wall-as-senior-advisor-302199836.html
SOURCE Fifth Wall