John Carrafiell

John Carrafiell
Born
John Anthony Carrafiell

(1965-03-08) March 8, 1965 (age 59)
Alma materYale University
TitleCo-CEO of BentallGreenOak

John Carrafiell (born March 8, 1965) is an American businessman and real estate investor and the Co-CEO of BentallGreenOak.

Education

Carrafiell received his B.A. from Yale University in 1987.[1]

Career

Carrafiell joined Morgan Stanley in 1987[2] and held various management positions there from 1994 to 2009 including: Head of Acquisitions for Morgan Stanley Real Estate Funds’ European Investment Program (1994);[2] Head of Morgan Stanley’s European Real Estate Group (1995);[2] Managing Director (1999);[2] Global Co-Head the Morgan Stanley Real Estate Division and member of the Investment Banking Operating Committee(2005);[2] President of the Special Situations Fund III (2006);[3] and Senior Advisor (2009).[4]

In 2004, after the Morgan Stanley-led £1.7 billion takeover of Canary Wharf,[5] Carrafiell became a member of the board of Canary Wharf, Chairman of the Audit Committee and member of the Operating Management Committee. Carrafiell formed Alpha Real Estate Advisors in 2008[6] which advised Songbird Estates PLC (controlling owner of Canary Wharf) in its £1.03 billion recapitalization.[7]

In 2010, Carrafiell co-founded GreenOak Real Estate, a private equity real estate firm with investments in the United States, Japan, the UK and Spain.[8][9]

In 2019, Carrafiell's GreenOak merged with Bentall Kennedy to become BentallGreenOak. In July 2021 the firm became BGO, where Carrafiell remains co-CEO and is also board director.[10][11][12] BGO is a real estate investment firm with $83 billion in assets across 13 countries.[10][13] Carrafiell follows an investment thesis based on traditional real estate judgement blended with data analytics, which has been increasingly effective in predicting trends in various real estate markets.[14][10]

In 2021, Carrafiell joined the board of Lineage Logistics, the world's largest company providing refrigeration logistics.[15]

Directorships

Carrafiell is currently serving on the Supervisory Board of Klepierre.[16]

He previously sat on the Management Board of the European Public Real Estate Association (EPRA)[17] and on the Supervisory Boards of Corio[16] and Deutsche Immobilien Chancen Group.[18] Carrafiell also served as a Trustee of the Urban Land Institute[19] and as a Director of the Canary Wharf Group[20] and Grupo Lar.[21]

Philanthropy

Carrafiell has established scholarship and teaching funds to support students, teaching, and research at the Yale School of Architecture.[1] He also established a scholarship fund for the Yale School of Art.[22] He is a member of the Yale School of Architecture Deans’ Council.[23]

Carrafiell is a supporter of the Ever Episcopal Campaign[24] and is a member of the Tate Modern (London) Acquisitions Committee.[25]

In 2024, he contributed part of $25 million in funding for the Institute of Contemporary Art, Miami to acquire the former site of the neighboring De la Cruz Collection.[26][27]

References

  1. ^ a b "Endowment and Term Funds". Yale University Bulletin. Retrieved 10 August 2015.
  2. ^ a b c d e "Owen D. Thomas Named President of Morgan Stanley Investment Management". Morgan Stanley. Retrieved 10 August 2015.
  3. ^ Ali, Marie. "Morgan Stanley Real Estate Raises Additional $2.5 Billion of Equity Commitments for Special Situations Fund III". Morgan Stanley. Retrieved 10 August 2015.
  4. ^ Marriott, Robin. "EUROPE NEWS: Carrafiell's new dawn". PEI Real Estate. Retrieved 10 August 2015.
  5. ^ "Business profile: Property player looks for extended West End run". The Telegraph. Retrieved 10 August 2015.
  6. ^ "Ex-M.Stanley bankers launch new property venture". Reuters. 2 August 2010. Retrieved 10 August 2015.
  7. ^ "PROPOSED PLACING AND COMPENSATORY OPEN OFFER, ISSUE OF PREFERENCE SHARES AND NEW CREDIT FACILITY (THE "FUNDRAISING") TO RAISE £1.03 BILLION". Morning Star. Retrieved 10 August 2015.
  8. ^ "At Last The Calm" (PDF). Wall Street Oasis. Retrieved 10 August 2015.
  9. ^ "Spain Property Buyers and Sellers Haggle Out a Price". The Financial Times. 23 June 2014. Retrieved 10 August 2015.Green Oak was ranked 19th in the annual PERE 50 ranking of private equity real estate firms in 2014.
  10. ^ a b c "BGO's John Carrafiell On Leveraging Data to Manage Complexity". Commercial Observer. 2024-02-20. Retrieved 2024-12-22.
  11. ^ "EXCLUSIVE: John Carrafiell talks in-depth as new co-CEO at BentallGreenOak". Institutional Real Estate, Inc. Retrieved 2024-12-22.
  12. ^ "BentallGreenOak adds co-CEO". Pensions & Investments. 2021-07-01. Retrieved 2024-12-22.
  13. ^ Barreto, Sergio (2024-09-18). "BGO raises €2bn for European investment program". Alternatives Watch. Retrieved 2024-12-22.
  14. ^ "Amy Price, Sonny Kalsi and John Carrafiell". Commercial Observer. 2024-05-09. Retrieved 2024-12-22.
  15. ^ "Lineage Logistics Raises $1.9 Billion in New Equity to Fund Investment in Global Network Capacity and Industry-Leading Technology". Financial Post. March 11, 2021. Retrieved December 22, 2024.
  16. ^ a b "Recommended exchange offer for Corio: Update on Settlement" (PDF). Klepierre. Retrieved 10 August 2015.
  17. ^ "Annual Report 2007" (PDF). EPRA.
  18. ^ "GESCHÄFTSBERICHT 2005" (PDF). DIC. Retrieved 10 August 2015.
  19. ^ "Nothing is Certain But Debt and Taxes" (PDF). ULI Europe. Retrieved 10 August 2015.
  20. ^ "TERMS OF REFERENCE As approved by a Resolution of the Board passed on 10 September 2004 and amended on 21 March and 4 December 2007" (PDF). Canary Wharf Group Plc. Retrieved 10 August 2015.
  21. ^ Mesones, Javier. "El exMorgan Stanley John Carrafiell se deja seducir por el negocio de las socimi en España". Vozpopuli. Retrieved 10 August 2015.
  22. ^ "LEGENDARY GROUP UNDERGROUND RESISTANCE WILL KICK OFF MOMA PS1 RESIDENCY PROGRAM WITH A RARE PERFORMANCE AS PART OF SUNDAY SESSIONS ON DECEMBER 14" (PDF). MoMA. Retrieved 10 August 2015.
  23. ^ "John Carrafiell - Corio NV Insider". Macro Axis. Retrieved 24 May 2016.
  24. ^ "The Final Report on the Ever Episcopal Campaign" (PDF). episcopalacademy.org.
  25. ^ "Tate Report 2013/14". Tate. Retrieved 10 August 2015.
  26. ^ "Mullen, Witkoff Back Miami Museum's $25 Million Building Deal". Bloomberg.com. 2024-10-15. Retrieved 2024-12-22.
  27. ^ Candid. "Funders back $25 million Miami contemporary art museum expansion". Philanthropy News Digest (PND). Retrieved 2024-12-22.