Sean Bannon has over 22 years of experience in the commercial real estate investment industry in the United States. He has held various positions leading, managing and executing real estate businesses for units with which he has worked. He is currently responsible for Zurich’s US Real Estate businesses, and is based in New York, where he serves as a voting member on the Investment Committee of Zurich Alternative Asset Management, LLC, the firm’s alternative investment platform dedicated to Hedge Fund, Private Equity and US Real Estate investment.
Mr. Bannon joined Zurich in 1997 to help launch the firm’s US direct acquisition platform using various forms of insurance and reinsurance products. From 1997 to 2003 Mr. Bannon acquired nearly $2 billion of office, retail and industrial assets throughout the US, focusing primarily on credit tenanted assets. In 2004 he helped launch the US real estate private equity fund of funds program. From 2004 to 2009, Mr. Bannon invested nearly $1 billion in over 40 real estate private equity funds. In 2010 and 2011, Mr. Bannon, in addition to working out of several legacy real estate matters, authored the firm’s new core direct real estate investment strategy, which focuses on office, multifamily, retail and industrial asset types in thirteen major US real estate markets. Mr. Bannon currently runs that acquisition strategy, which has now invested over $500 million of new capital in the past 24 months, along with the disposition of non-core assets and all workout and restructuring activity. Current real estate AUM exceeds $2.2 billion.
Prior to joining Zurich, Mr Bannon was with Lehman Brothers, where he worked out and restructured real estate limited partnerships syndicated by that firm. Before joining Lehman Brothers, Mr. Bannon was with the Real Estate Services Group of Arthur Andersen, and was responsible for providing audit and consulting services to several real estate investment firms.
Mr. Bannon holds a BS in Accounting and Computer Information Systems from Fairfield University, where he graduated with honors. He also holds a Masters of Business Administration degree from Columbia University, where he graduated with honors. Mr. Bannon is a Certified Public Accountant in the State of New York.