Devin Murphy, Managing Partner
Mr. Murphy joined Coventry in March 2008. Prior to joining Coventry, Mr. Murphy served as Global Head of Real Estate Investment Banking for Deutsche Bank where he ran a team of over 100 professionals throughout the U.S., Europe and Asia. Under his leadership, his team executed over 500 separate transactions representing more than $400 billion in total transaction volume.
Mr. Murphy began his real estate career at Morgan Stanley in 1986 where he held several senior management positions during his tenure, ultimately serving as the head of its US Real Estate Investment Banking business. He was a member of the Investment Committee of the Morgan Stanley Real Estate Funds from 1994 until his departure in 2004. During this time the Funds invested over $6.5 billion of equity capital in transactions with a total value exceeding $35 billion.
Throughout his career, Mr. Murphy advised on many landmark transactions in the retail real estate arena including the sale of May Department Stores’ regional mall assets to a partnership of Prudential Insurance and Simon Associates in 1988, and advising and implementing the strategy for J.C. Penney Company, Inc. for its regional mall assets in 1989. Other significant retail transactions included: the initial public offerings of The Mills Corporation and Simon Property Group in 1993 and DeBartolo Realty Corporation in 1994; the merger of DeBartolo Realty Corporation and Simon Realty Group in 1996; the sale of the Rouse Company to General Growth Properties in 2004; the merger of Westfield Holdings, Westfield America Trust, and Westfield Trust into Westfield Group in 2004; and most recently, the acquisition of Wilmorite by Macerich in 2005.