When James Corl returned to Cohen & Steers, the New York-based listed real assets specialist, in November 2020 to restart its private real estate business, one of the three people who joined him was Hamid Tabib.
Tabib had worked with Corl for more than a decade at New York-based multi-asset manager Siguler Guff & Company, where the former was principal and the latter was head of real estate. At Cohen & Steers, Tabib became head of real estate acquisitions for North America while Corl was appointed head of private real estate.
Another Siguler Guff stalwart is now adding to the growing Cohen & Steers private real estate team. Anthony Corriggio, an 11-year veteran of the firm, will join Cohen & Steers as a senior vice-president and portfolio manager, PERE has exclusively learned. The dedicated private real estate team now has nine professionals. Corriggio will report directly to Corl and be the second-most senior member of the team.
Along with Corl and Tabib, Corriggio will also be one of three private real estate-focused members of Cohen & Steers’ investment committee. The committee is rounded out by Robert Steers, founding partner and executive chairman; Joseph Harvey, president and chief executive officer; and Jon Cheigh, chief investment officer and head of global real estate. Listed real estate is Cohen & Steers’ biggest business, making up around $70 billion of its almost $100 billion total assets under management.
One of the reasons Corl hired Corriggio was to marry the firm’s already established listed real estate expertise with the private business, which has been reestablished nearly a decade after Cohen & Steers’ exited the space in 2013. The firm’s ability to deploy into both the public and private markets will be an important part of its product development plan, Corl explained.
The private real estate business has an “ambitious rollout schedule” planned for future products, of which Corriggio will be involved in the design and implementation, he added. While details of the specific vehicles were not disclosed, Corl said there are likely to be three rolled out during Corriggio’s first year in his new role.
The executive previously led the New York-based manager’s US listed business and has partnered with Corriggio on transactions across the capital stack, including bonds, securities, CMBS and equity transactions. The pair worked together for Corl’s entire tenure at Siguler Guff, with Corriggio serving as Corl’s number two. Corriggio previously held a senior analyst role at Greenwich, Connecticut-based hedge fund Coeus Capital Management and had a brief stint as CFO of The St Joe Company, a Northwest Florida real estate developer.