He will be responsible for overseeing the identification, selection and management of real estate funds, and will be based in New York, working closely with Paul Vosper, Chief Operating Officer of the real estate fund of funds business, who is based in London, according to a press release.
Stecher has almost 25 years of real estate experience across all property types, structures and regions. He joins Morgan Stanley from Goldman Sachs where he was managing a global program of real estate funds of funds and separate accounts for institutions and high net worth individuals.
Previously, he was at General Motors Asset Management for 15 years where he managed $1.5 billion of direct and indirect private equity real estate, committed more than $5 billion to a mix of real estate investments and oversaw the asset management of more than 33 million square feet of real estate.
The real estate fund of funds business is part of Morgan Stanley AIP, which includes portfolios of hedge funds and private equity funds. The real estate fund of funds business will offer solutions to clients seeking exposure to a global portfolio of opportunistic and value-added real estate funds, secondaries and co-investments, while seeking to provide superior risk adjusted returns.