Merrie Frankel has extensive experience in REITs, capital markets, credit ratings, corporate governance, portfolio management, equity and debt transactions, restructuring, and workouts for institutional, public, and private entities. She has covered most property sectors, particularly industrial, office, retail, multifamily, healthcare and self-storage. She is a frequent speaker and author on REITs and real estate finance.
Ms. Frankel serves on the Board of Directors of Agree Realty Corporation (NYSE: ADC), a retail net lease REIT, where she Chairs the Nominating/Governance Committee and is a member of the Audit Committee.
Ms. Frankel is the President/founder of Minerva Realty Consultants, LLC that provides independent REIT and ratings advisory services in addition to litigation support for REITs, public and private companies, and funds. Prior to Minerva, Ms. Frankel spent 18 years at Moody’s Investors Service in the Commercial Real Estate Finance Group as Vice President and Senior Credit Officer, where she was responsible for rating REITs and real estate operating companies in the United States and Canada. Prior to Moody’s, she was Senior Vice President and Director of Portfolio Management for the Argo Funds and held positions as a tax attorney, investment banker, and consultant at notable companies including Ernst & Young, Cushman & Wakefield, J.P. Morgan Securities and Salomon Brothers Inc.
Ms. Frankel is an adjunct faculty member at Columbia University’s Graduate School of Architecture, Planning and Preservation and New York University’s Schack Institute of Real Estate teaching real estate capital markets.
Among her industry affiliations, she is a Trustee and former Chair of the New York District Council for the Urban Land Institute (ULI); Chairs the Investment Policy Committee, serves on the Finance Committee, and previously Chaired the Nominating Committee and was Secretary for the Financial Women’s Association of New York (FWA); a past board member and Treasurer of the New York Women Executives in Real Estate (WX) Charitable Fund; and serves on the Editorial Advisory Boards for Real Estate Media and formerly Nareit. She also chairs Audit or Finance committees for other nonprofits including the Martha Graham Dance Company, where she is a board member.
Ms. Frankel was named one of 50 “Women of Influence” by Real Estate New York in 2008. Articles and interviews include CPExecutive, NAREIT Portfolio, Real Estate Forum, National Real Estate Investor, UrbanLand, and Wall Street Transcript. She published Chapter 8 in The Handbook of Inflation Hedging Investments entitled “Real Estate as an Investment: Overview of Alternative Vehicles” and has radio/web interviews on www.NAREIT.org and NPR radio.
She holds J.D./M.B.A. degrees from Hofstra University Law and Graduate Business Schools, graduated with a B.A. in English from the University of Pennsylvania with various honors, and is admitted to the New York Bar.