Former REIT Analyst and Investor Michael Oliver Dies at 72

03/22/2016

Michael Oliver, a long-time REIT industry analyst, passed away on March 9 at the age of 72.

After graduating with an MBA from the University of Virginia, Oliver started his career as a REIT and real estate analyst and portfolio manager at Morgan Guaranty Trust Co. (now J.P. Morgan Chase) in New York.

Oliver held a number of other positions around the United States before starting PRA Securities Advisors in San Francisco. PRA Securities Advisors was merged into Heitman Realty, and from 1987 to 1996, Oliver was chairman of Heitman/PRA Securities Advisors, Inc. and president of its Real Estate Fund.

Oliver joined RERC Capital Market, LLC as chairman from 1996 to 1998. He then became a partner in MPAC Capital Partners from 1998 to 2000 and helped governments in Asia develop real estate securities laws. After that, he moved to Juneau, Alaska, from 2000 to 2005 to run the real estate and private equity portfolios of the state of Alaska's pension fund.

He is survived by his wife of 50 years, Barbara; three children; and eight grandchildren.

(Contact: Sarah Borchersen-Keto at sborchersen-keto@nareit.com)

Get Nareit Developments blog posts delivered straight to your inbox.

You Might Also Like...

What's a REIT?

REITs, or real estate investment trusts, are companies that own or finance income-producing real estate across a range of property sectors. These real estate companies have to meet a number of requirements to qualify as REITs. Most REITs trade on major stock exchanges, and they offer a number of benefits to investors.

Why Invest in REITs

REITs historically have delivered competitive total returns, based on high, steady dividend income and long-term capital appreciation. Their comparatively low correlation with other assets also makes them an excellent portfolio diversifier that can help reduce overall portfolio risk and increase returns. These are the characteristics of real estate investment.

About Nareit

Nareit serves as the worldwide representative voice for REITs and real estate companies with an interest in U.S. real estate. Nareit’s members are REITs and other real estate companies throughout the world that own, operate, and finance income-producing real estate, as well as those firms and individuals who advise, study, and service those businesses.