Best Minds: Anthony Breault, Senior Real Estate Investment Officer, Oregon State Treasury
How does the Oregon State Treasury prioritize the incorporation of environmental, social, and corporate governance into daily life?
In this episode, RCLCO Senior Managing Director, Taylor Mammen, speaks with Oregon State Treasury Senior Real Estate Investment Officer, Anthony Breault, about how leadership-intensive military experience built the skills needed for a real estate career, the challenge of creating rigorous investment processes while being flexible enough to respond to market conditions, and creating a culture that emphasizes fiduciary responsibility.
“As a pension fund, we look over the horizon where the opportunities will end up. What’s the trend? What’s two, four, five years down the line?” – Anthony Breault
About Anthony Breault & Oregon State Treasury
The Oregon State Treasury is focused on improving the financial well-being of all Oregonians. They provide low-cost programs for governments and empower Oregonians to invest in themselves and their loved ones for a more secure future. Mr. Breault is the senior real estate investment officer at Oregon State Treasury. He manages an approximate $8 billion NAV real estate portfolio within the Oregon Public Employees Retirement Fund. Mr. Breault is a former officer in the U.S. Navy and before that worked at Jones Lang LaSalle and Schnitzer West.
About Taylor Mammen & RCLCO
Mr. Mammen is a Senior Managing Director based in RCLCO’s Los Angeles office and currently serves as the Director of RCLCO Fund Advisors (RFA). Under Mr. Mammen’s leadership, RFA helps guide institutional investors’ investment strategies, and sources, underwrites, establishes, and oversees their investments in operating companies, joint ventures, funds, and direct assets. Specifically within the past 10 years, Mr. Mammen and the RFA team have allocated in excess of $5 billion in equity commitments across real estate property types, geographies, risk profiles, and investment vehicles. Additionally, he is a member of RCLCO’s Executive and Investment Committees and is instrumental in implementing growth initiatives, business development efforts, and investment decisions.
RCLCO is proud to be the “first call” for real estate developers, investors, the public sector, and non-real estate organizations seeking strategic and tactical advice regarding property investment, planning, and development. RCLCO leverages quantitative analytics and a strategic planning framework to provide end-to-end business planning and implementation solutions at an entity, portfolio, or project level.
Topics in this episode include:
- How leadership-intensive military experience built the skills needed for a real estate career
- Seeing what life in the civilian world had to offer after serving in the armed forces
- How curiosity about real estate led to working for LaSalle Partners
- The challenge of creating rigorous investment processes while being flexible enough to respond to market conditions
- Prioritizing work by always keeping the future in mind; being 4-5 years ahead of the curve
- The matchmaking enterprise of institutional real estate investment
- Creating a culture that emphasizes fiduciary responsibility
- How COVID-19 is impacting Oregon State Treasury’s approach to underwriting and partnerships
- The importance of mentorship in creating a successful career path
- Prioritizing the incorporation of environmental, social and corporate governance into the daily work of Oregon State Treasury