Devin I. Murphy
Morgan Stanley
Devin Murphy is currently a Vice Chairman of Investment Banking at Morgan Stanley. He began his real estate career in 1986 when he joined the real estate group at Morgan Stanley as an Associate. Prior to rejoining Morgan Stanley in 2009, Mr. Murphy was a Managing Partner of Coventry Real Estate Advisors, a real estate private equity firm founded in 1998 which sponsors a series of institutional investment funds that acquire and develop retail properties. Since its inception, Coventry has invested over US$2.5 billion in retail assets.
Prior to joining Coventry in March, 2008 Mr. Murphy was Global Head of Real Estate Investment Banking for Deutsche Bank Securities, Inc. At DB, Mr. Murphy ran a team of over 100 professionals located in eight offices in the US, Europe and Asia. Mr. Murphy’s DB team was recognized as an industry leader and under his management executed more than 500 separate transactions on behalf of clients representing total transaction volume exceeding US$400 billion.
Prior to joining Deutsche Bank, Mr. Murphy was with Morgan Stanley for 15 years. He held a number of senior positions at Morgan Stanley, including Co-Head of US Real Estate Investment Banking and head of the private capital markets group (PCM). PCM is the team at Morgan Stanley responsible for raising equity capital for the firm’s real estate private equity funds as well as private equity capital on behalf of clients. During the time that Mr. Murphy ran PCM, the team raised in excess of US$5 billion of equity capital. Mr. Murphy served on the Investment Committee of the Morgan Stanley Real Estate Funds from 1994 until his departure in 2004. During his tenure on the Investment Committee the Funds invested over US$6.5 billion of equity capital globally in transactions with a total transaction value in excess of US$35 billion.
Mr. Murphy is a Director of Grubb & Ellis Company, an NYSE listed real estate services and investment company with over US$5.5 billion in assets under management. He was appointed in 2009 by California Governor Arnold Schwarzenegger to serve as a Commissioner of the California Public Infrastructure Advisory Commission, which advises the State of California on public/private partnerships to finance its infrastructure development. He 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. Mr. Murphy 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. He and his wife, Jennie, live in Southport, Connecticut and are raising three daughters.
