Mitchell Bollinger, CFA, most recently was the head of research at Courtland Partners, a real asset consulting firm located in Cleveland, Ohio, with $65B in assets under advisement. While he was at Courtland, Bollinger’s client was Vanguard for whom he wrote and presented a report which detailed the relationship between traded real estate investment trusts (REITs) and non-traded real estate in terms of how to consider private real estate in a diversified portfolio of traded assets, how to measure the risk and risk adjusted returns of private real estate in comparison to traded REITs, and suggested a private real estate fund structure that likely would complement a portfolio of traded assets for Vanguard clients. Prior to Courtland, Bollinger founded a firm that managed a fund which invested in traded REITs based upon his proprietary research. He was previously an asset manager for KBS Realty Advisors in Atlanta for five years where he oversaw a portfolio that averaged 15 properties and had an aggregate value of over $1B for five years. After graduate school, Bollinger worked in the CMBS industry in New York City where his clients included Merrill Lynch and Bear Stearns. Bollinger holds a BS in industrial engineering from Virginia Tech and an MBA from Vanderbilt University. He is both a CFA charterholder and a CAIA charterholder.
Based on the risk-adjusted performance of all three categories of private real estate funds, investors are paying billions in economically unwarranted fees.
The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.