Anne Pfeiffer, Ex-JPMorgan Real-Estate Funds Chief, Dies at 61

Jan 15, 2014 7:00 pm ET

Jan. 16 (Bloomberg) -- Anne Pfeiffer, a JPMorgan Chase & Co. managing director for real estate who led the bank’s $23 billion Strategic Property Fund until retiring in October, has died. She was 61.

She died on Jan. 12 in her Manhattan home following a 20- month battle with pancreatic cancer, according to her husband, Paul Pfeiffer. She had been under hospice care since Christmas Eve, he said yesterday in a telephone interview.

A member of JPMorgan’s real-estate financing unit for almost 35 years, Pfeiffer managed a seven-person portfolio- management team as head of the New York-based bank’s commingled property funds, which are pension trusts catering to retirement and governmental plans. Under her leadership, the Strategic Property Fund, JPMorgan’s core real-estate portfolio, was the largest of its kind.

“Anne has been a masterful portfolio manager, an inspirational leader, a talented colleague and a true friend,” Kevin Faxon, the bank’s head of real estate for the Americas, wrote in a letter to clients in July to announce her retirement.

Investors in the Strategic Property Fund, of which she was senior portfolio manager, included the Public School Teachers Pension & Retirement Fund of Chicago and the New York City Employees’ Retirement System, according to data compiled by Bloomberg. The assets included the Landmark Center in Boston, Century Park in Los Angeles and International Toy Center in New York.

Fund Portfolio

Other real-estate funds she oversaw included the Special Situation Property Fund, with $3.1 billion of assets; the Alternative Property Fund, with $647 million in holdings; the Diversified Commercial Property Fund, a $372.8 million defined- contribution vehicle; and the $2.3 billion U.S. Income & Growth Fund, according to an overview of the investments last February.

From 2002 to 2008, Pfeiffer was on the board of directors at the National Council of Real Estate Investment Fiduciaries, and president in 2007 and 2008. The Chicago-based association of institutional real-estate professionals addresses industry issues and promotes research, according to its website.

Pfeiffer was elected to the board of the Real Estate Information Standards for a three-year term starting in January 2012. The group is sponsored by the National Council of Real Estate Investment Fiduciaries and the Pension Real Estate Association “to facilitate informed investment decision- making,” according to its website.

‘Dearly Loved’

“Anne was a friend and mentor to so many people she worked with at the firm,” her husband said, summarizing the e-mails he had received since her death. “She was dearly loved and revered among her co-workers.”

Anne Shultz Pfeiffer was born on Aug. 10, 1952, in Aurora, Illinois. Her father, Robert Shultz, was a Dartmouth College- educated businessman who had a manufacturing firm in the Chicago area. Her mother, Elizabeth, was a registered nurse.

She attended Naperville Central High School in Naperville, Illinois, before completing a Bachelor of Business Administration degree at Southern Methodist University in Dallas. A certified public accountant, Pfeiffer began her career at Coopers & Lybrand, where she was a supervising accountant, before the firm merged with Price Waterhouse in 1998.

Pfeiffer joined JPMorgan in 1979 as the senior finance officer and served as head of the finance group, as a senior asset manager and an acquisitions officer, according to JPMorgan’s website. She was responsible for the origination, analysis and negotiation of commercial real-estate transactions.

Her passions included travel and art, and she played a mentoring role to young women in finance and business, according to Paul Pfeiffer.

In addition to her husband, her survivors include their two children, Christof and Kirsten, and her mother. A sister, Mary, and brother Nicholas preceded her in death.

--Editors: Charles W. Stevens, Steven Gittelson