Financial Services >> Money Manager Interviews >> August 18, 2003

Scott Westphal – Cornerstone Real Estate Advisors

SCOTT C. WESTPHAL is the Managing Director of Cornerstone Real Estate Advisers' Real Estate Securities Investment Management unit and is responsible for the creation and management of real estate securities portfolios for the firm's institutional clients. This unit is also responsible for providing research services for Mass Mutual's affiliated family of financial service companies, as well as other Cornerstone business units. Prior to joining Cornerstone in 1999, Mr. Westphal served as Executive Vice President and Portfolio Manager for JLW Capital Management, a wholly owned subsidiary of Jones Lang LaSalle. His principal responsibilities were the creation and management of real estate securities portfolios for institutional clients. Previously, He served as Senior Vice President for Cohen & Steers Capital Management, the largest dedicated US real estate securities investment manager, where he spent four years developing portfolio strategies for institutional investors and served as a member of the Investment Committee. Prior to his position at Cohen & Steers, Mr. Westphal was a portfolio manager for the IBM Retirement Fund's $2.5 billion real estate portfolio, where his responsibilities included investments in direct properties, joint ventures and REITs. He was also responsible for the first property for share exchange negotiated with a publicly traded US REIT. Mr. Westphal received his BS in Corporate Finance and Accountancy from Northern Illinois University. He is Chartered Financial Analyst and a Certified Public Accountant. Mr. Westphal is a member of the Association of Investment Management and Research, American Institute of Certified Public Accountants, New York Society of Securities Analysts and the National Association of Real Estate Investment Trusts. Profile
TWST: Could we start out with a quick overview of Cornerstone Real

Estate?

Mr. Westphal: Cornerstone Real Estate is a wholly owned subsidiary of

Mass Mutual. Mass Mutual is a blue chip life