As foundations go, the MacArthur Foundation has become well known in real estate circles. With a collection of $1 billion (€629 million) of direct-owned real estate, the fund is a big player in the asset class. It also invests indirectly in real estate funds, with $300 million set aside for fund investments. At the helm of this pool of capital stands Tim Hoeppner. Originally from the western suburbs of Milwaukee, Wisconsin, Hoeppner began his career auditing banking and real estate firms for PricewaterhouseCoopers in 1983. He went on to work for Dallas-based real estate developer Trammell Crow Company, eventually moving up to the position of senior asset manager, where he oversaw a portfolio of over 150 assets valued at more than $1 billion. He joined the MacArthur Foundation in 1993 as an investment associate and later become the managing director for real estate. Outside of his career, Hoeppner has also been active in real estate organizations and he is a frequent speaker and panelist at conferences. In March he was appointed as chairman of the board of directors for the board of the US Pension Real Estate Association (PREA). Recently Hoeppner has made a name for himself by getting a jump start with an emerging market focus. “Hoeppner has been on the leading edge of emerging market real estate investing,” observed one global fund of funds manager. “He has been one of the first, in many cases, to explore opportunities in these markets.” Hoeppner's taste for adventure isn't limited to emerging market real estate. He is also an avid scuba diver, where perhaps he hones his skill at finding hidden gems in exotic locales. He currently lives in the northwest suburbs of Chicago with his wife and two daughters.