Practice Focus: Real estate portfolio investment strategy for nation's second-largest pension fund
- Work Phone:(916) 206-9884
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A Closer Look
Michael McGowan is a seasoned real estate professional with 30 years of experience in both public and private investing. He has extensive expertise across a variety of property sectors, including “boots on the ground” knowledge of assets in leading global cities. Prior to starting his current role at CalSTRS in 2021, Mr. McGowan was a Principal at Bard Consulting, where he advised large institutional investors on range of real estate investment strategies. Between 2009 and 2016, Mr. McGowan was the lead Portfolio Manager of the Forward (now Salient) International Real Estate Fund, a public mutual fund invested primarily in European and Asian real estate investment trusts (REITs). In this capacity he spent much of his time overseas, meeting with the executive management and on-site staff of several hundred global REITs and personally visiting several thousand properties. In 2013, Mr. McGowan won the Lipper Award for Best Performing International Real Estate Fund. Mr. McGowan was also a portfolio manager of several other US REIT mutual funds during this period. From 2005 to 2009, Mr. McGowan was a REIT analyst and Portfolio Manager for Kensington Investment Group, where he analyzed and invested in both US and international REITs. Prior to his career in public real estate, Mr. McGowan worked for RREEF (now DWS) as the Head of Research – Industrial and Office Properties. From 1995 to 2005, he assisted in the underwriting of market conditions for the acquisition and valuation of more than $5 billion of U.S. properties for pension fund clients.
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Experience
- Professional Disciplines
- Advisor
- Analyst
- Investment Manager
- Pension Fund Advisor
- REIT Advisor
- Areas of Expertise
- Joint Ventures
- REITs
- Property Types
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- Industrial: Business Parks
- Office: Central Business District
- Office: Exurban
- Industrial: Flex, R&D
- Industrial: High Tech/Data/Digital
- Office: Medical
- Residential: Mobile Home Parks
- Residential: Multi-Family Rental Housing
- Residential: Senior Housing, Active Adult
- Office: Suburban
- Office: Urban
- Industrial: Warehouse, Storage
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Markets Served
- State
- All U.S. Markets
- California
- Country
- Alberta
- Asia
- Australia
- Belgium
- Canada
- China
- East Asia & Pacific
- Eastern Asia
- England
- Europe
- Finland
- France
- Germany
- Hong Kong
- Ireland
- Japan
- Malaysia
- Netherlands
- Northern America
- Northern Europe
- Norway
- Oceania
- Ontario
- Philippines
- Singapore
- South Korea
- Southeastern Asia
- Sweden
- Switzerland
- United States
- Western Europe