Anne Pfeiffer, a J.P. Morgan 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.
Ms. Pfeiffer died 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 Wednesday in a telephone interview.
A member of J.P. Morgan's real estate financing unit for almost 35 years, Ms. 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, J.P. Morgan'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 $9.9 billion Chicago Public School Teachers' Pension & Retirement Fund and the $46.9 billion New York City Employees' Retirement System, according to data compiled by Bloomberg.
Other real estate funds under Ms. Pfeiffer's supervision included the Special Situation Property Fund, which had assets of $3.1 billion when her retirement was announced; Alternative Property Fund, with $647 million in assets; Diversified Commercial Property Fund, a $372.8 million defined contribution vehicle; and $2.3 billion U.S. Income & Growth Fund, according to an overview of the investments as of February 2013.
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.