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Influential Women in US Real Estate
Contributed By Zoe Hughes
Senior Editor
Diversity is critical to success when it comes to investing, building revenue streams, and, indeed, growing a healthy and affluent society. Diversity is a “free lunch” that needs no hard sell in the world of private real estate investment.
Real estate portfolios, after all, demand diversity in order to offset risks and fluctuations in any one sector of the market. Diversity is important with regard to human capital as well. Yet, despite that, the real estate investment industry itself is not known for its diversity, at least with regard to gender.
Why is there an over-allocation of men in private equity real estate? That question is best left to the anthropologists. More important, though, is what the future looks like for the asset class, and if the July issue of PERE magazine is anything to go by it will clearly include a more balanced mix of males and females in the top ranks.
This month, PERE – working with the Women in Real Estate Network (“WIRE”) – profiled the 10 most influential women in real estate globally today. These women are fundamentally shaping and reshaping private equity real estate, and leading the next generation of female talent to the top of the industry.
However, in gathering nominations for this list we came to learn the names of nearly 50 candidates who are highly esteemed by WIRE members and our readers. The women come from all real estate backgrounds and ranks, including senior acquisition professionals, pension investment staff, lenders, lawyers, advisors, consultants and fundraisers, and represented firms from the US, to Europe, Asia and the Middle East.
What was clear though was that the US was leading the way in terms of women breaking through the glass ceiling to reach the upper echelons of the industry. This is partly due to the sheer scale, and maturity, of the US private equity real estate market compared to its European and Asian cousins. But it is also due to the pioneering leadership of the women themselves, leadership which comes from a combination of taking measured risks, as well as being flexible and fearless.
As one of the influential women told us: “Understand the importance of the box, but never be willing to live in it.”
And the 10 most influential women in real estate?
Trish Barrigan
Benson Elliot Capital Management
Jamie Behar
Promark Investment Advisors
Cia Buckley
Dune Real Estate Partners
Joanne Douvas
Clerestory Capital Partners
Claudia Faust
Hawkeye Partners
Nori Gerardo Lietz
Partners Group
Archana Hingorani
IL&FS Investment Managers
Victoria Shigehira Sharpe
Pramerica Real Estate Investors (Asia)
Susan Lloyd-Hurwitz
LaSalle Investment Management
Marjorie Tsang
New York State Common Retirement Fund
WIRE Real Estate Luminaries Blog Series - July 2010 Posting
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Zoe Hughes
Senior Editor
A seasoned journalist with roughly 15 years experience, Zoe joined PEI Media in early 2008. Responsible for PEI Media’s US real estate editorial activities, Zoe works with a team of journalists reporting globally on the private real estate investment and finance industry through the magazine, PERE, and through the website PERENews.com. Based in New York, Zoe speaks regularly at PERE’s real estate conferences as well as other industry events. Previously, Zoe spent five years as a political editor and reporter in the Houses of Parliament, working for the Press Association, the Newcastle Journal and the regional newspaper group, Northcliffe Newspapers. She has also edited various other regional newspapers. Zoe graduated with a BA First Class Honours from Nottingham Trent University.
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