AXA Real Estate Investment Managers has further strengthened its North American team with the appointment of Steve McCarthy as US head of asset management and transactions.
McCarthy will be based in AXA Real Estate’s office in New York and report to Olivier Thoral, AXA Real Estate’s head of North America.
McCarthy will be responsible for sourcing and executing acquisitions and disposals on behalf of AXA Real Estate’s US and European based funds or separate accounts, in addition to presenting club and other transaction based deals to institutional investors in accordance with their specific investment requirements. He will also be responsible for overseeing all aspects of asset management in the US to ensure client returns are maximised.
McCarthy joins AXA Real Estate from his role as co-founder and principal of MXA Capital, a real estate investment advisory company focused on the acquisition of value-add office properties in the US on behalf of institutional investors.
Prior to MXA Capital, McCarthy was chief operating officer at Greenprint Foundation (renamed the ULI Greenprint Center for Building Performance), a coalition of global real estate investors committed to increasing property values through reducing energy usage and carbon emissions.
During his 30 years’ in real estate investment management, McCarthy also held senior positions in the US at Buchanan Street Partners, WestWind Capital Partners and Jones Lang Wootton and in the UK at Tishman Speyer Properties.
Thoral says: “Global expansion is a strategic priority for AXA Real Estate, and we are looking forward to working with Steve to grow our business in the US, which is a key area of focus. Steve has a long and proven track record of both real estate investment and management and of providing investment opportunities for a wide range of institutional investors and his arrival significantly strengthens our growing North American team. His credentials in pushing the real estate sustainability agenda to improve returns also align well with our own commitment to sustainable development and asset management.”