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Institutional Investor Advisor Individual Investor

Mark McAllister, CFA

Managing Director, Portfolio Manager
30 Years experience
6 Years at ClearBridge

"My strategy for investing in REITs aims to buy the underlying real estate for less than it would sell for in the private market."

Mark is a Portfolio Manager specializing in Real Estate Investment Trusts (REITs). Mark co-manages the ClearBridge Tactical Dividend Income Strategy, the LMP Capital and Income Fund Inc., the Legg Mason Balanced Income Strategy and the Real Estate Opportunities Strategy. He has 30 years of investment industry experience. Mark joined a predecessor firm of ClearBridge Investments in 1999 and until 2007 was a Managing Director and Senior Portfolio Manager focusing on large cap value strategies. Most recently, Mark was a Partner at High Rise Capital Management.

Previously, Mark worked for JLW Capital Management as a Portfolio Manager, for Cohen & Steers Capital Management as a Security Analyst and Investment Committee member and for Metropolitan Life as a Real Estate Analyst.

Mark is a member of the CFA Institute and the New York Society of Security Analysts. He holds a BS in Accounting from St. John's University and an MBA from New York University's Leonard N. Stern School of Business.

Experience

  • 30 years of investment industry experience
  • Rejoined ClearBridge Investments in 2011
  • Member of the CFA Institute
  • Member of the New York Society of Security Analysts
  • High Rise Capital Management - Partner
  • ClearBridge Investments and predecessor firms (1999-2007) - Portfolio Manager
  • JLW Capital Management - Portfolio Manager
  • Cohen & Steers Capital Management - Vice President, Securities Analyst and member of the Investment Committee
  • Metropolitan Life - Real Estate Analyst
  • MBA from New York University's Leonard N. Stern School of Business
  • BS in Accounting from St. John's University

Perspectives

  • REITs Getting Their "Break-out" Moment
    Equity REITs will be reclassified into its own headline-level sector by S&P and MSCI, with potential impacts likely for investors and the REIT industry.
  • A Brief Tale of REITs and Rates
    Defying conventional wisdom, REITs are likely to continue to perform well in the early and middle stages of a rate tightening cycle.