Siguler Guff
Siguler Guff & Company is a multi-strategy private equity investment firm which, together with its affiliates, has over $10 billion of assets under management. Founded in 1991 within PaineWebber, Siguler Guff became an independent firm in 1995. Its clients include corporate and public employee benefit plans, endowments, foundations, government agencies, financial institutions, family offices and high net worth individuals. Siguler Guff manages and co-manages several direct investment private equity funds and multi-manager funds, each targeted at carefully defined areas of market inefficiency. The Firm also provides discretionary private equity advisory services through Siguler Guff Advisers, a federally registered investment advisor. The Distressed Real Estate Opportunities Fund was formed to assemble a portfolio of “best in class” investment funds focusing on investments in real property interests. The portfolio consists primarily of debt and equity interests in commercial property, commercial mortgages and commercial mortgage-backed securities, and the debt and equity securities of real estate operating companies on a global basis, with a primary focus on the U.S. The Fund also allocates up to 40% of committed capital to direct investment opportunities in similar situations. Siguler Guff pursues a value-added portfolio allocation strategy focused on targeted, timely opportunities during multi-year down cycles. The real estate cycle is rhythmic, observable and predictable. Generally, the best time to acquire good quality commercial real estate is in the years following an economic recession, as the excesses of the prior cycle peak (e.g. overvaluation, excessive leverage and otherwise loose underwriting standards) are being unwound. These circumstances conspire to provide the opportunity to acquire premium quality commercial real estate assets at significant discounts to their intrinsic values. In particular, the most recent cycle was characterized not only by a broad cyclical decline in the value of real estate assets, but also by widespread distress at the manager level and a difficult environment for new capital formation. All of these factors provide an opportunity to invest at advantageous pricing.
Investment Type
| JV partnership |
| Acquisition/Fee Simple |
| Operating company/entity |
| Performing/Non-performing loans |
Investment Style
| Value-add |
Avinash Amin
Leslie Tanca
Ralph Jaeger
Ross Goodhart
- 1 212 332 5113
- rgoodhart@sigulerguff.com
Solomon Owayda
Thomas McGowan
- 1 212 332 5126
- tmcgowan@sigulerguff.com
Patricia Dinneen
James Corl
James Corl is a Managing Director at Siguler Guff and joined the Firm in 2009. Mr. Corl oversees the Firm's distressed real estate investment activity, which includes setting the investment strategy, designing and constructing the portfolios, identifying potential investments, negotiating investment terms and conditions, and maintaining an ongoing dialogue with managers in the portfolios. He is a member of the Investment Committees for various funds. Prior to joining Siguler Guff, Mr. Corl spent 13 years in the REIT investment industry, most recently as Chief Investment Officer for all of the real estate activities of Cohen & Steers, Inc., a leading investor in global real estate securities. Mr. Corl was directly responsible for over $30 billion of client assets invested in Cohen & Steers’ mutual funds and institutional separate accounts around the world. Under Mr. Corl’s investment leadership, Cohen & Steers delivered industry leading investment performance for its clients. Mr. Corl’s funds were twice awarded the “Lipper Leader” award for the best performing 3-year track record among all REIT mutual funds. Mr. Corl spent the early part of his career in various distressed real estate investment activities. As an Associate with the Real Estate Investment Banking group at Credit Suisse First Boston, Mr. Corl was involved in acquiring portfolios of non-performing loans and distressed real estate assets for CSFB’s Praedium Real Estate Recovery Fund as well as restructuring troubled real estate companies as publicly traded REITs. In addition, Mr. Corl was also involved in early commercial mortgage-backed securitizations at CSFB. Previously Mr. Corl was an Associate with Chemical Bank where he developed disposition strategies for the bank’s foreclosed real estate portfolio. Prior to graduate school, Mr. Corl also worked for Arthur Andersen & Co. in the Real Estate Consulting Group, where he performed investment due diligence for investors in non-performing loans and distressed properties. Mr. Corl holds a B.A. with honors in Quantitative Economics from Stanford University and an M.B.A. in Finance and Real Estate from the Wharton School of the University of Pennsylvania.
David Dubinsky
Donald Spencer
Drew Guff
George Siguler
- 1 212 332 5111
- gsiguler@sigulerguff.com
James Gereghty
Jay Koh
- 1 212 332 5107
- jkoh@sigulerguff.com
Kenneth Burns
- 1 212 332 5102
- kburns@sigulerguff.com
Kevin Kester
Jonathan Wilson
Cesar Collier
Kathryn Goodenough
- +1 212 332 5109
- kgoodenough@sigulerguff.com