AXA Investment Managers - Real Assets appoints Andrew Piekarski as U.S. Director of Acquisitions
AXA Investment Managers - Real Assets (“AXA IM - Real Assets”), a global leader in real assets investment and the leading(1) real estate portfolio and asset manager in Europe, announces the appointment of Andrew Piekarski as U.S. Director of Acquisitions, effective immediately.
Andrew joins with over 25 years of commercial real estate experience, most recently at WAFRA, INC., a New York-based investment advisory firm, where he spent the past two years in the role of acquisitions director for the Southeastern region responsible for sourcing, evaluating, underwriting and acquiring properties on behalf of clients. Prior to that, Andrew spent 14 years at BlackRock Asset Management where he most recently held the position of Managing Director, Eastern Region Investment Management, overseeing a range of transaction and asset management functions for a c. $5 billion multi-sector portfolio. Over the course of his career, Andrew has also held various senior roles at TGM Associates, Sentinel Real Estate Corporation and Lehman Brothers.
In his new role, Andrew will be responsible for sourcing, underwriting and executing acquisitions in accordance with individual client and fund objectives, which include both direct and joint venture investments, often with local operating partners. Reporting directly to Steve McCarthy, Head of North America, Andrew will manage a team of five with the objective of accelerating the growth of AXA IM - Real Assets’ assets under management across U.S. gateway cities.
AXA IM - Real Assets entered the U.S. market in 2010 and has since grown into a highly active investment management platform with over €2 billion(2) of equity and approximately £1 billion of debt(3) assets under management. The growing New York-based team continues to identify and invest in a range of core and value-add opportunities across the top 13 U.S. real estate markets, while also undertaking an increasing amount of lending in the real estate debt space. Recent acquisitions, on behalf of clients, include: 180 Grand Avenue, a 279,000 sq ft office asset located in Downtown Oakland, California; two logistics properties in Phoenix, Arizona and West Sacramento, California, and; University Center Chicago, a 1,732-bed student housing property located in downtown Chicago, Illinois.
Steve McCarthy, Head of North America at AXA IM - Real Assets commented: “Andrew’s appointment strengthens our U.S. platform as we make further progress in cementing AXA IM - Real Assets’ position as one of the world’s leading investment and asset managers. Andrew is a seasoned real estate investment practitioner and joins with an impressive track record that will further enhance the team’s ability to source and execute complex transactions, on behalf of our clients. We look forward to working with Andrew and leveraging his wealth of knowledge to unlock an exciting pipeline of identified acquisition opportunities and realise our growth ambitions.”
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1 Source: INREV/ANREV Fund Manager Survey – May 2019 – in terms of assets under management,
2 AXA IM – Real Assets’ data as of end of March 2019 (unaudited)
3 AXA IM – Real Assets’ data as of end of March 2019 (unaudited)
AXA Investment Managers - Real Assets
Jocelyne Tamssom, Head of Communications
Tel: +33 1 44 45 97 95
FTI Consulting Inc.
Richard Sunderland, Ellie Sweeney, Richard Gotla, Methuselah Tanyanyiwa, Talia Jessener
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About AXA Investment Managers
AXA Investment Managers (AXA IM) is an active, long-term, global, multi-asset investor. We work with clients today to provide the solutions they need to help build a better tomorrow for their investments, while creating a positive change for the world in which we all live. With approximately €757 billion in assets under management as at end of June 2019(1), AXA IM employs over 2,350 employees around the world and operates out of 30 offices across 21 countries. AXA IM is part of the AXA Group, a world leader in financial protection and wealth management.
About AXA Investment Managers - Real Assets
AXA Investment Managers - Real Assets has €85 billion in assets under management, including €64.3 billion in direct property & infrastructure and €16.9 billion in real asset finance as of end of June 2019(2). We offer a 360° approach to investing in real assets, which comprises opportunities in equity or debt, across different geographies and sectors, as well as via private or listed instruments. We are a global leader in real assets investment, the number one property portfolio and asset manager in Europe(3), and one of the largest worldwide. Our teams have been managing funds and mandates for over 30 years and comprise over 600 people in 13 offices that operate in over 20 countries around the world, which provide us with in-depth knowledge of countries, cities and sectors.
AXA Investment Managers is part of the AXA Group, a world leader in financial protection and wealth management.
1 Source: AXA IM unaudited data
2 Source: AXA IM - Real Assets’ unaudited data
3 Source: INREV/ANREV Fund Manager Survey – May 2019 – in terms of assets under management
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