Legal & General Investment Management Real Assets (LGIM RA) has today announced the appointment of Alexia Gottschalch as Head of Real Estate Equity, US, and Tim Watson as Head of Investment and Portfolio Management, US Real Estate Equity - two newly-created positions within LGIM America (LGIMA), to support the launch of a dedicated real estate equity platform in the United States (US) market.

These hires will bolster LGIM RA's expansion into the real estate equity sector within LGIM America, building on the solid foundations established in the UK real estate equity market, which has operated since 1971 and currently manages assets of £24.1 ($29.3) billion1 on behalf of institutional and retail clients.

The announcement follows the launch of LGIM RA's private credit capability in the US in 2017 and is designed to deliver on significant investor demand for real estate equity exposure on behalf of Legal & General Retirement America (LGRA) and third-party US clients.

The new US real estate equity platform will seek growth opportunities in a real estate equity market that is significantly larger and more liquid than the UK market. It represents an opportunity to leverage LGIM Real Assets' established and highly transferable core competencies in urban regeneration, Build to Rent (BTR) and long-lease property. It will support both LGRA's US Pension Risk Transfer (PRT) and third-party clients with a focus on key sectors, such as multi-family residential and life sciences, while continuing LGIM RA's market-leading implementation of ESG through the investment process.

Based in Chicago, Gottschalch will be responsible for building out the US real estate equity platform incorporating Acquisitions, Asset Management, Operations, Financial Planning, Marketing, Product Development and Strategic Initiatives. Gottschalch will dually report to the CEO of LGIM America and the Global Head of Real Assets in London.

In his role, Tim Watson will be responsible for developing investment programs, identifying new investment opportunities, and oversight of investment and portfolio performance. Watson is also based in Chicago and will report to the Head of Real Estate Equity, US.

Attachments

Disclaimer

Legal & General Group plc published this content on 12 January 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 12 January 2023 13:09:05 UTC.