Morgan Stanley Exec Joins Phillips Edison & Co As Principal

Devin Murphy

Phillips Edison & Company has announced that Devin I. Murphy is joining the Company as a Principal.

The privately owned firm is one of the largest owner/operators of shopping centers in the United States. Murphy will serve as Chief Financial Officer and will join the Company's Advisory Board. He will manage relationships with capital providers and direct all financial and internal control activities, including planning and reporting, fundraising, investor relations, accounting and risk management. As a senior member of the executive team, he will help lead the development of strategic plans to meet the Company's growth objectives.

Murphy has been active in the real estate industry for 28 years, including executive leadership positions with Morgan Stanley and Deutsche Bank Securities, Inc. He said, 'Phillips Edison has an outstanding reputation as an industry leader. I welcome the opportunity to contribute to the future growth of this dynamic organization'.

'We are extremely pleased to welcome Devin to our team', said Jeff Edison , Principal and Founding Partner of Phillips Edison . 'He brings a wealth of industry expertise and has demonstrated for decades his ability to successfully manage the strategic and financial requirements of real estate companies. We are excited about the capabilities Devin will bring to our business'.

Coinciding with Murphy's appointment, Phillips Edison will open a corporate office in New York to better facilitate relationships within the industry.

Prior to joining Phillips Edison , Murphy was Vice Chairman of Investment Banking at Morgan Stanley. He began his real estate career in 1986 as an associate in the real estate group at Morgan Stanley. He subsequently held a number of senior positions at Morgan Stanley. He was Co-Head of U.S. Real Estate Investment Banking and Head of the Private Capital Markets group (PCM), which raised more than $5 billion of equity capital under his leadership. He also served for 10 years on the Investment Committee of the Morgan Stanley Real Estate Funds, which invested over $6.5 billion of equity capital globally during his tenure.

In 2004, Murphy joined Deutsche Bank Securities, Inc., as Global Head of Real Estate Investment Banking. He led a team of more than 100 professionals in eight offices in the U.S., Europe and Asia. Under his management, the DB team executed more than 500 separate transactions on behalf of clients representing total transaction volume exceeding $400 billion.

Prior to rejoining Morgan Stanley in 2009, Murphy became a Managing Partner of Coventry Real Estate Advisors, a real estate private equity firm that sponsors a series of institutional investment funds that acquire and develop retail properties.

Murphy is an Advisory Director of Hawkeye Partners, a real estate private equity firm headquartered in Austin, Texas, and Trigate Capital, a real estate private equity firm headquartered in Dallas. He is a member of the Urban Land Institute, the Pension Real Estate Association and the National Association of Real Estate Investment Trusts. He received a BA with Honors from the College of William and Mary and an MBA from the University of Michigan.

Since 1991, Phillips Edison & Company has specialized in the acquisition, leasing and operation of grocery-anchored neighborhood and community shopping centers. The Company has diversified its portfolio and services to become the total retail solution for property owners, retailers and investors. In addition to its core focus on necessity-based shopping centers, the Company manages specialized funds invested in power centers, enclosed malls, lifestyle centers, net lease properties and other retail real estate assets. Phillips Edison's portfolio of owned and/or managed properties currently includes more than 260 properties, totaling over 28 million square feet in 35 states. The Company has corporate offices in Cincinnati and Salt Lake Cityas well as regional offices across the country.

image: © PRNewsFoto/Phillips Edison & Company

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