Duff & Phelps U.S. REIT SMA
Seeks attractive long-term returns by providing U.S. real estate securities exposure, emphasizing companies with revenues driven by recurring rental income.
We believe the highest risk-adjusted returns are achieved with an investment approach that utilizes in-depth company research on high quality owners and operators of enduring commercial real estate. We favor companies with durable cash flows and experienced management.
Duff & Phelps Investment Management Co.
Duff & Phelps Investment Management Co. offers specialty investment strategies that strive to enhance client outcomes. The product mix, which includes Global Listed Infrastructure, Global Real Estate, MLPs & Energy, and International Equity, was developed from the fundamental company research expertise first established back in 1932. Today the firm continues to stand for Quality, Reliability, and Specialization.
Learn more about Duff & Phelps Investment Management Co.
Geoffrey P. Dybas, CFA
Executive Managing Director, Senior Portfolio Manager and Head of Real Estate
Industry start date: 1989
Start date as fund Portfolio Manager:
Geoffrey Dybas is an executive managing director and senior portfolio manager at Duff & Phelps Investment Management, an investment management affiliate of Virtus Investment Partners. He heads the Global Real Estate Securities team. In addition, Mr. Dybas is co-founder of all dedicated REIT strategies managed by Duff & Phelps.
Prior to joining Duff & Phelps in 1995, Mr. Dybas was a corporate banker for Bank One and began his investment career in 1989.
Mr. Dybas earned a B.S., cum laude, from Marquette University and an M.B.A. from the Kellogg School of Management at Northwestern University. He is a Chartered Financial Analyst® (CFA®) charterholder. Mr. Dybas is a member of the CFA Institute, the CFA Society of Chicago, the National Association of Real Estate Investment Trusts (NAREIT), and the European Public Real Estate Association (EPRA).
Frank J. Haggerty, Jr., CFA
Senior Managing Director, Senior Portfolio Manager
Industry start date: 1996
Start date as fund Portfolio Manager:
Frank Haggerty is a senior managing director and senior portfolio manager at Duff & Phelps Investment Management Co., an investment management affiliate of Virtus Investment Partners. He serves as portfolio manager for all dedicated REIT strategies managed by Duff & Phelps.
Prior to joining Duff & Phelps in 2005, Mr. Haggerty served as a REIT portfolio manager and senior analyst at ABN AMRO Asset Management.
Mr. Haggerty earned a B.S. from Illinois State University and an M.B.A. with distinction from DePaul University Kellstadt Graduate School of Business. He is a Chartered Financial Analyst® (CFA®) charterholder. Mr. Haggerty is a member of the CFA Institute, the CFA Society of Chicago, National Association of Real Estate Investment Trusts (NAREIT), European Public Real Estate Association (EPRA), FTSE EPRA/NAREIT Global Real Estate Series Americas Committee, and a member of the Driehaus Center for Behavioral Finance Advisory Board at DePaul University. He began his investment career in 1996.
Equity Securities: The market price of equity securities may be adversely affected by financial market, industry, or issuer-specific events. Focus on a particular style or on small or medium-sized companies may enhance that risk.
Real Estate: The portfolio may be negatively affected by factors specific to the real estate market, including interest rates, leverage, property, and management.
Industry/Sector Concentration: A portfolio that focuses its investments in a particular industry or sector will be more sensitive to conditions that affect that industry or sector than a non-concentrated portfolio.
Market Volatility: The value of securities in the portfolio may go up or down in response to the prospects of individual companies and/or general economic conditions. Price changes may be short or long term.