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Morgan Stanley Real Estate Advisor
Morgan Stanley Real Estate Advisor manages institutional property funds across core, value-add, and opportunistic strategies globally since 1969.
Morgan Stanley Real Estate Advisor
MORGAN STANLEY REAL ESTATE ADVISOR, INC. is an SEC-registered investment adviser in NEW YORK, NY, registered since 2003. It has 372 employees and 170 investment advisers. The firm is based in NEW YORK, NY.
General information
Firm type
Asset Manager
Year founded
1969
AUM
Undisclosed
Location
Region
North America
Country
United States
City
New York
Corporate office
1585 Broadway, New York, NY 10036, United States
Principals
Ted Pick
CEO
Sector focus
Frequently asked questions
How is Morgan Stanley Real Estate Advisor structured within the larger bank?
It operates as a distinct investment management division, not a separate legal entity. Portfolio managers and acquisition teams are dedicated to real estate, but the entity relies on Morgan Stanley for distribution, compliance, debt financing, and back-office functions. This means the funds are subject to the bank's enterprise risk management framework.
What investment strategies does the group offer to external investors?
The group runs closed-end opportunistic funds under the Morgan Stanley Real Estate Fund (MSREF) banner, which target distressed assets, development, and emerging sectors. It also manages the open-end Prime Property Fund for core US assets, alongside regional funds for Europe and Asia. A real estate debt platform originates senior loans and mezzanine debt primarily in the US and Europe.
Does Morgan Stanley Real Estate Advisor invest its own balance sheet alongside fund investors?
Yes, Morgan Stanley typically makes a general partner co-investment into each fund alongside limited partners. The size of the co-investment is disclosed in fund offering documents and varies by vehicle and strategy. This alignment mechanism is standard for the institutional funds industry.
Who are the key decision-makers for real estate investments?
Investment decisions for each fund are made by its designated portfolio management team and an investment committee. While Ted Pick is CEO of Morgan Stanley, day-to-day real estate investing authority is delegated to the heads of the real estate investing platform, whose identities are disclosed in fund marketing materials and regulatory filings.
How does the firm source real estate deals?
Morgan Stanley Real Estate Advisor sources assets through the bank's investment banking and capital markets relationships, on-the-ground regional acquisition teams, and operating partners it has capitalized. For large portfolio transactions, it often competes directly with Blackstone, Brookfield, and Starwood. Its debt origination business also surfaces equity investment opportunities.
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