SOURCE: Franklin Templeton

Franklin Templeton

October 07, 2010 10:30 ET

Franklin Templeton Real Estate Advisors Hires Philip F. Alfieri as Director of Investments, Real Assets

Wilson K. Magee Jr. Hired as Director of Global REITs

NEW YORK, NY--(Marketwire - October 7, 2010) -  Franklin Templeton Real Estate Advisors (FTREA) announced that it has hired Philip F. Alfieri as Director of Investments, Real Assets. In this role, Alfieri will work with Joyce T. Shapiro, Managing Director, Real Assets and the FTREA management committee to analyze, select and invest in private real asset fund opportunities globally.

Franklin Templeton Real Estate Advisors' real assets team was established earlier this year to expand the group's capabilities into transportation, agriculture, water, energy and timber, utilizing the same private equity multi-manager approach employed by the team worldwide.

"Institutional investors today have shown an increased need for strategies that can provide reasonably secure cash flows, inflation protection and the potential for outperformance necessary to meet future pension liabilities," said Shapiro. "We believe real assets have an important role to play in this new environment, and we are pleased to have someone of Phil Alfieri's extensive experience on our team to help bring new opportunities to our investors."

Alfieri brings over 20 years of global experience to Franklin Templeton as an investor, fund advisor and financer of real asset investments. Most recently, Alfieri was managing director at Infrastructure Management Group, where he led the firm's principal investment and advisory businesses. He has also held senior positions with Global Capital Finance LLC, InnoCap LLC, Price Waterhouse LLP and Citibank N.A.

"For nearly two decades, Franklin Templeton Real Estate Advisors has focused on identifying best-in-class managers globally for our private real estate multi-manager mandates, seeking to provide investors an important source of portfolio diversification and the potential for attractive risk-adjusted returns," said Jack Foster, Managing Director and Head of Real Estate. "We believe real assets share many of the same economic fundamentals as real estate, and private real asset multi-manager funds therefore are the natural extension of our business as we continue to focus on meeting evolving investor needs."

Due to the diverse skill sets needed for identifying and evaluating opportunities in each of the sectors comprising real assets, Franklin Templeton believes that one of the most efficient approaches is a multi-manager vehicle, which seeks to invest in best-in-class managers with proven expertise in each of the individual sub-sectors. Given the lack of intermediaries that have been available to bring parties together in this area, Franklin Templeton is confident that it can be a provider of choice to clients and prospects seeking exposure to this unique asset class.

Since 1984, Franklin Templeton has been investing in real estate for institutional clients globally, researching and selecting leading real estate managers for its private multi-manager strategies. The group's specialized expertise and refined investment process seek to offer an efficient alternative for global property investors.

Wilson K. Magee Jr. Joins FTREA As Director of Global REITs

In addition, Wilson K. Magee, Jr. has joined Franklin Templeton Real Estate Advisors as Director of Global REITs, reporting to Jack Foster. Magee will be the lead portfolio manager on all Franklin Templeton REIT funds. The funds' current managers, Jack Foster and David Levy, will continue as managers of the funds.

"Hiring an industry leader like Wilson reinforces our commitment to the listed real estate securities business, the growth of our investment team, and our competitive positioning in the marketplace," said Foster. "Wilson's prior expertise in portfolio management and the analysis of global real estate investments and securities will be a strong contribution to our investment process and team dynamic."

Prior to joining Franklin Templeton, Magee was president and portfolio manager for Colony Investment Management. Previously, he held senior real estate portfolio management positions with firms including Goldman Sachs and Grantham, Mayo & Van Otterloo. 

Franklin Templeton Real Estate Advisors is a unit of Franklin Resources, Inc. (NYSE: BEN), a global investment management organization operating as Franklin Templeton Investments. Franklin Templeton Investments provides global and domestic investment management solutions managed by its Franklin, Templeton, Mutual Series, Fiduciary Trust, Darby and Bissett investment teams. The San Mateo, CA-based company has more than 60 years of investment experience and over $600 billion in assets under management as of 31 August 2010. For more information, please call (800) DIAL BEN® or visit

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