Devin Murphy Biography and Net Worth

Devin I. Murphy is a member of AIR’s Audit, Compensation and Human Resources, and Governance and Corporate Responsibility Committees.  He was first elected to Aimco’s Board of Directors in April 2020 and served on Aimco’s Audit, Compensation and Human Resources, and Nominating and Corporate Governance Committees.  Mr. Murphy serves as President of Phillips Edison & Company, an owner and operator of grocery-anchored shopping centers. He previously served as Vice Chairman of Investment Banking at Morgan Stanley. Mr. Murphy began his real estate career in 1986 when he joined the real estate group at Morgan Stanley as an Associate. Prior to rejoining Morgan Stanley in June 2009, Mr. Murphy was a managing partner of Coventry Real Estate Advisors, a real estate private equity firm, which sponsors institutional investment funds that acquire and develop retail properties. Before joining Coventry, Mr. Murphy served as global head of real estate investment banking for Deutsche Bank Securities, Inc. Mr. Murphy was with Morgan Stanley for 15 years before joining Deutsche Bank. He held a number of senior positions at Morgan Stanley, including co-head of U.S. real estate investment banking and head of the private capital markets group. Mr. Murphy is an independent director and member of the Audit Committee of CoreCivic, Inc., a NYSE listed REIT that is the nation’s leading provider of high-quality corrections and detention management facilities. He is an advisory director of Hawkeye Partners, a real estate private equity firm headquartered in Austin, Texas, and of Trigate Capital, a real estate private equity firm headquartered in Dallas, Texas. Mr. Murphy brings particular expertise to the Board in the areas of investment banking, real estate finance, and capital markets.