Landmark hires Morgan Stanley IR exec

The firm has hired former Morgan Stanley managing director Geoffrey Mullen while in market with its $1bn Landmark Real Estate Partners VII.

Landmark Partners has hired Geoffrey Mullen as a principal to focus on business development and investor relations, according to a statement.

Mullen began working in Landmark’s New York office on Monday. Previously, he was a managing director at Morgan Stanley Alternative Investment Partners, where he led institutional business development, marketing and distribution.  He reportedly left the firm in September 2013 and his responsibilities were taken over by the sales team.

Morgan Stanley is currently in market with its AIP Phoenix Global Real Estate Secondaries Fund II 2013, which had collected $138.8 million toward its $500 million target as of last month.

Geoffrey Mullen
Geoffrey Mullen

Mullen joins Landmark while the firm is in market with its Landmark Real Estate Partners VII, which held a first close last month on $560 million. The fund, launched earlier this year, is targeting $1 billion. The fund will purchase real estate fund interests of diversified vintage years, geographies, managers and strategies on the secondaries market.

At the end of last month, the Oklahoma Teachers Retirement System considered committing to the fund. Oklahoma would pay a 1 percent management fee and a 12 percent incentive fee for profits over 8 percent. Other limited partners in the fund include the Kentucky Teachers’ Retirement System and the Board of Regents State of Iowa.

Fund VII is led by Landmark chairman Francisco Borges, president Timothy Haviland and partners Chad Afeld, Robert Dombi, Paul Mehlman and James Sunday.