Coventry hires DB exec as managing partner

Deutsche Bank veteran Devin Murphy will be tasked with expanding the private equity real estate firm’s investments in the US.

Coventry Real Estate Advisors has hired Devin Murphy to join the firm as a managing partner. He will work with founder and managing partner Peter Henkel and managing partner David Hirschberg to develop and execute strategies to expand the firm’s investment platform.
 
Prior to Coventry, Murphy was global head of real estate investment banking for Deutsche Bank, where he managed a team of 100 professionals throughout the US, Europe and Asia. Under his leadership, the team executed more than 500 deals on behalf of clients, representing more than $400 billion (€255 billion) in total transaction volume, including such deals as the sale of Hilton International Hotels in 2005, The Blackstone Group’s acquisitions of Carr America Realty in 2006 and Equity Office Properties and the Hilton Hotels Corporation in 2007.

Murphy started his real estate career at Morgan Stanley—where he worked with Henkel—ultimately serving as the head of its US real estate investment banking business. While at Morgan Stanley, Murphy raised more than $5 billion of equity capital for the firm’s private equity real estate funds, as well as private capital for third party clients. He was also a member of the investment committee of the Morgan Stanley Real Estate Funds from 1994 until his departure in 2004.

Murphy also brings extensive experience in the retail sector to the position, having advised on transactions including the merger of Westfield Holdings, Westfield America Trust and Westfield Trust into Westfield Group in 2004 and the acquisition of Wilmorite by US retail property company Macerich in 2005.

Coventry, based in New York, has acquired and developed more than $2.5 billion of retail and mixed-use properties since its inception in 1998. The firm was founded by Henkel in 1998.