On the Move: Devin I. Murphy


606murphyPhillips Edison–ARC Shopping Center REIT Inc. has welcomed Devin I. Murphy as its Chief Financial Officer, Treasurer and Secretary.

“With over 25 years of experience in the real estate investment industry, including executive leadership positions with Morgan Stanley and Deutsche Bank Securities Inc., Devin brings significant experience to the Company,” commented Jeffrey Edison. “He complements Phillips Edison-ARC, which is dedicated to building a diverse portfolio of top-performing grocery-anchored shopping centers throughout the United States. Devin’s proven ability to successfully manage the strategic and financial requirements as a trusted advisor to many of the world’s largest real estate companies expands the capabilities of the Company as we continue to execute our investment objectives.”

Prior to joining Phillips Edison-ARC, Murphy was Vice Chairman of Investment Banking at Morgan Stanley. He began his real estate career in 1986 as an Associate in the real estate group at Morgan Stanley, and made his way through a number of senior positions at the company.

In 2004, Murphy joined Deutsche Bank Securities, Inc. as Global Head of Real Estate Investment Banking. He led a team of more than 100 professionals in eight offices in the United States, Europe and Asia. Prior to rejoining Morgan Stanley in 2009, Mr. Murphy became a Managing Partner of Coventry Real Estate Advisors, a real estate private equity firm that sponsors a series of institutional investment funds that acquire and develop retail properties.

“I am excited to join Phillips Edison-ARC and its team of seasoned professionals,” said Murphy. “I look forward to putting my experience and relationships to work to further expand on the successes that Phillips Edison-ARC has enjoyed to date.”

Congratulations, Devin!

Have you recently made a move or welcomed someone new to your team? Let us know and your story may be featured in our next On the Move.


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