Andrea Himmel Chief Investment Officer Himmel + Meringoff
Cornell Financial Engineering Manhattan 2023 Future of Finance Conference
• In 2018, Andrea joined the firm that her mother co founded in 1979, Himmel & Meringoff Properties (“HMP”), a long-term oriented, vertically-integrated real estate firm that owns one of the largest privately-held portfolios of office buildings in Manhattan and industrial warehouses in the boroughs of NYC.
• HMP is committed to the long-term ownership and hands-on operation of office buildings in Manhattan and industrial warehouses in the boroughs.
• As Chief Investment Officer. Andrea runs acquisitions (including deal sourcing/canvassing, performance of due diligence, in-depth valuation) and growth for the company across many asset types. Throughout the capital stack, and across verticals.
• She is leading the redevelopment of HMP’s 8.5-acre industrial site in Parkchester through a local rezoning that would generate 2 million sq. ft. of affordable housing.
• Moreover, Andrea is recognized as a thought leader in the New York real estate community, speaking regularly on panels and at conferences for organizations including NYU, PWC, The Commercial Observer, CUNY TV, REFI, Columbia Business School, NYU Shack Real Estate Institute, The UJA, The Real Deal, The Stoler Report, The Opal Group, and Bisnow. She also founded and moderates a Commercial Real Estate Investing club on social audio app Clubhouse that has over 5,000 members.
Cornell Financial Engineering Manhattan 2023 Future of Finance Conference
BACKGROUND
Andrea grew up in NYC and attended Horace Mann from ages 3-18, graduating within the top 5% of her class.
A nationally-top-ranked junior competitive tennis player, she decided to attend The University of Pennsylvania instead of pursuing a professional tennis career.
Andrea studied real estate within the Joseph Wharton Scholars program, Wharton’s undergraduate honors program for the top 5% of the student body. She served on WAB, the Wharton Advisory Board, a small group of students selected by Wharton’s administration to advise on co-curricular and extra-curricular activities.
2008-2016
• Andrea worked for 2 years out of college at Brookfield Properties in leasing and development.
• From 2009-2016, she was part of the founding team and 1 of 7 investment professionals who worked for Lew Sanders at long-only value-oriented hedge fund Sanders Capital, which has $60 billion of AUM. Lew was the co-founder of Sanford Bernstein in 1968 and CEO of Alliance Bernstein (asset manager with $1 trillion of AUM under Lew’s leadership) through 2008. Andrea was responsible for managing 10% of the AUM within the oil and gas energy sector.
ENTREPRENEURSHIP IN OIL AND GAS
• In 2016, Andrea saw an opportunity for arbitrage in the face of the plummeting oil price to buy small, private energy royalty assets, and launched an oil-focused private equity company in Texas, Tierra Resource Partners.
• Two years later, she launched a successor fund to invest in oil and gas royalties called Revere Resources. She hired a team of former Bain and Apollo energy executives, raised $6 million to buy oil royalties in Southwest Texas, and sold the fund one year later for $18 million.
• Off the success of Fund I’s 3x multiple, Andrea built Revere into a 25-person company based in Houston, raising $300 million from hedge fund Elliott Management.
• In 2018, she resigned from daily operations to re-enter real estate; Andrea continues to serve as an advisor to, owner of, and investor in Revere Resources Funds II and III.
PHILANTHROPY
• Andrea serves on the Board of Directors of The Manhattan Chamber of Commerce, advocating for the success of Manhattan’s small businesses, which comprise 99% of companies in NYC.
• Andrea serves on the Board of the Diversity Committee for the Real Estate Board of New York (REBNY), advocating for diversity, equity, and inclusion in the industry.
• In addition, Andrea serves on the Board of Directors of Habitat for Humanity New York City, marrying her passion for real estate with Habitat’s mission of building affordable, safe, equitable housing for all. She also serves as the Co-Chair of the Real Estate Council for Habitat for Humanity New York City.
• She has been a Big Sister through non-profit Big Brothers Big Sistersfor over seventeen years to her “little” Samantha Flamer.
• She is active with several other non-profits including ChildFund, in which she sponsors eleven adolescent women in Sierra Leone and Uganda, and The Gay Center.
OTHER
• Passions: philanthropy, chess, theater, mindfulness, meditation, Central Park, the outdoors, her two dogs, yoga, tennis, and triathlons (she has competed in several, including a half-Ironman and a full Ironman)
Cornell Financial Engineering Manhattan 2023 Future of Finance Conference
Andrea Himmel Chief Investment Officer Himmel + Meringoff
