Issue 40 | The Property Development Review

THE PROPERTY DEVELOPMENT REVIEW

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33 MINUTES

MICHAEL STREICKER

With Rob Langton

PRESIDENT: SENTINEL REAL ESTATE CORPORATION

Michael is a graduate of Princeton University and the Columbia Business School, and as the President of Sentinel, he sits on both its Executive and Investment Committees.

It’s with great pleasure that we welcome the very first international guest Mr. Michael Streicker, President of New York Headquartered, Global Investment powerhouse Sentinel Real Estate Corporation joining our series for an exclusive interview. Founded in 1969, Sentinel is a highly-respected, independently-owned real estate investment management firm with a portfolio of assets valued in excess of $13.5bn (AUD) and managed on behalf of over a hundred domestic & international clients. For over fifty years, the firm has built an enviable reputation for delivering outstanding results to it’s investor base, drawn from the knowledge & expertise of more than seven-hundred-and-fifty industry specialists who manage some 27,500 apartment units & over 5 million square feet of commercial real estate spread across three continents including North America, Europe & Australia. The business is renowned as a global leader in the multi-family / BTR sector, establishing it’s maiden investment in 1976 and cementing it’s expertise through involvement in over six-hundred multi-family communities comprising some 154,000 units. Closer to home, Sentinel’s operations in Australia

have increased substantially since it first begun laying the foundations in 2011, becoming the first group to have a fully operational BTR community known as Element 27, which was successfully launched in Perth in Spring 2019. Since then, the business has expanded rapidly, with construction underway on a 172-apartment project in Victoria & the recent acquisition of a proposed 300-apartment project in Queensland forming part of it’s broader $1.5bn BTR fund in Australia. With regard to his professional life, Michael is the President of Sentinel Real Estate Corporation and sits on the firm’s Executive Committee & Investment Committee’s - he is a Graduate of both Princeton University (AB Degree) and the Columbia Business School (MBA). Our discussion with Michael explores the origins & evolution of the Sentinel Real Estate Corporation business, it’s expansion into international markets including Australia, the fundamentals for successful multi-family / BTR development & his long-term outlook for both the Australian and US commercial property markets.

March / April 2023 – 7

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