EG is pleased to announce their growing asset management function in 2021 with the hire of Jason Severino.
Jason Severino, formerly Associate Director at Colliers International, joins EG with a strong track record in Asset Management having managed the North Sydney Real Estate Management Team and Facilities Managers.
Jason joins Gemma Moulang who was welcomed by the EG team in 2020. The duo will be working closely with the Capital Transactions team, determining and implementing asset strategy, maintaining strong tenant relationships and adapting management strategies to outperform changing market conditions.
Sean Fleming, Head of Capital Transactions at EG says, “Asset Management is a key function of EG’s investment process, and the addition of Jason will significantly bolster our capabilities in this space to ensure optimal outcomes within EG’s expanding portfolio”.
2020 was a fast-paced year for EG, securing six acquisitions for $200 million, the launch of the GIC Mandate (a $400 million mandate) and the Private Wealth division (targeting $200 million in gross asset value in the next 12 months).
Jason Severino, who will work across several Funds says, “I have closely followed the growth of EG for a number of years and look forward to sinking my teeth into this new challenge”.
Founded in 2000, EG is investing $3.2 billion in real estate on behalf of super funds and private wealth clients to generate outstanding returns with lasting social impact. With $4.3 billion in the development pipeline and 16.7% per annum in realised IRR for institutional funds, EG is committed to finding a better path to better returns.
About EG Private Wealth
EG grows the wealth of our private investors through commercial property syndication opportunities. Achieving consistent, above-average returns and capital security, EG takes a personalised and aligned approach to every opportunity.
As a team, we have invested over $250 million of private wealth in the property sector, achieving an average 27.8% IRR. The team you meet at the outset is the team who you will work with throughout the lifecycle of your investment, providing you with hands on, personalised service at every stage.
EG is committed to utilizing property technology to uncover new opportunities and to enhance returns for investors. Our proprietary risk assessment model clearly measures and prices real estate risks, providing a disciplined, data-led approach to decision making.
Our investors include sophisticated wholesale investors, trusts, SMSFs and companies who want investments that deliver strong yields and potential for capital growth in the medium to long term.