RE Seminar: David Schaefer
Date: Thursday, November 12th
When: 4:30-6:30 with reception to follow in the Regents Lounge in the Statler Hotel
Where: Beck 198
Attire: Business
The Cornell Program in Real Estate welcomes David Schaefer, a Senior Advisor to DTZ, to the Real Estate Industry Seminar this Thursday to discuss the challenges and opportunities in raising and investing a real estate private equity fund in Asia.
David Schaefer has almost twenty years of experience in the Asia-Pacific real estate markets. The past ten years he has led the expansion of two major global banks-Macquarie and Citi-in their real estate private equity businesses in Asia. Mr. Schaefer is former Managing Director and Head of Citigroup Property Investors (CPI), Asia-Pacific. David was most recently chairman of the investment committee of CPI Capital Partners Asia Pacific L.P., a $1.3 billion real estate opportunity fund he raised in 2006. The CPI managed fund, through its offices in Shanghai and Mumbai, made significant investments in the emerging markets of China and India. The fund also invested across all asset classes as well as in such diverse markets as Korea, Japan, Taiwan, Hong Kong, Macau, the Philippines and Indonesia. David was also a member of the investment committee of the CapitaLand China Residential Development Fund, a China fund sponsored and managed by CapitaLand, one of Asia’s largest and most successful developers, based in Singapore.
Prior to joining CPI, David was Executive Director and Head of Property-Asia for Macquarie Bank, and chairman of Macquarie Asia Property Advisers, the Senior Advisor to Schroder Asian Properties L.P., one of the first real estate private equity funds in Asia.
David has also been active for many years in the hospitality industry. In the early 90’s, he and his partners acquired Quality Hotels New Zealand. More recently, David has been a director of privately held Silverlink Holdings (parent company of the exclusive Aman Resorts), of the Ascott Group, Asia’s largest serviced apartment operator, and the Ascott Residence Trust, a pan-Asia serviced apartment REIT. Both of the real estate private equity funds he ran had meaningful investments in the hospitality sector.
He holds an MBA from the Johnson School of Management at Cornell University, holds a Bachelor of Arts from Cornell, and also was an NCAA wrestler while at Cornell. He is also a member of the Cornell Real Estate Council, the Program in Real Estate Advisory Board, and on the Executive Committee of ULI North Asia.