Andrea Himmel
Director of Acquisitions at Himmel + Meringoff Properties
BACKGROUND
- Andrea grew up in NYC and attended Horace Mann from ages 3-18, graduating at the top 5% of the class.
- A top-ranked junior national competitive tennis player, she decided to attend The University of Pennsylvania instead of pursuing a professional tennis career.
- Andrea studied real estate and finance within the Joseph Wharton Scholars program, Wharton's undergraduate honors program for the top 5% of the student body.
- Passions: philanthropy, chess, theater, mindfulness, meditation, Central Park, the outdoors, her two dogs, yoga, tennis, and ironman triathlons.
- Andrea worked for 2 years out of college at Brookfield Properties in leasing and development.
- From 2009-2016, she was part of the founding team and 1 of 7 investment professionals who worked for Lew Sanders at long-term value-oriented hedge fund Sanders Capital. Lew was the co-founder of Sanford Bernstein and CEO of Alliance Bernstein (asset manager with $1 trillion of AUM under Lew). Andrea was responsible for managing $3BN of their $45 BN portfolio within the oil and gas energy sector.
- In 2016, Andrea launched an oil company in Texas, Tierra Resource Partners.
- Two years later, she launched a successor fund to invest in oil and gas royalties called Revere Resources. She hired a team of former Bain and Apollo energy veterans, raised $6 million to buy oil royalties in Southwest Texas, and sold the fund one year later for $18 million.
- Off the success of Fund I's 3x multiple, Andrea built Revere into a 25-person company based in Houston, raising $300 million from NYC-based hedge fund Elliott Management.
- Andrea continues to serve as an advisor to and investor in Revere, although in 2018 resigned from daily operations to re-enter real estate.
- In 2018, Andrea joined Himmel & Meringoff Properties, the commercial real estate firm that her mother cofounded in 1979.
- H+M owns one of the largest privately owned portfolios of commercial real estate in NYC, committed to the long-term ownership and hands-on operation of office buildings in Manhattan and industrial warehouses in the boroughs.
- Andrea runs acquisitions and growth for the company. In addition, she is leading the rezoning of H+M's 8-acre site in Parkchester.
Andrea is recognized as a thought leader in the New York real estate community, speaking regularly on panels for organizations including The Commercial Observer, CUNY TV, REFI, The Real Deal, The Stoler Report, The Opal Group, and Bisnow. - Andrea serves on the Diversity Committee of the Real Estate Board of New York (REBNY), advocating for equity in work, as well as the LGBT Policy Task Force to the Bronx Borough President.
- Andrea has always had a passion for philanthropy.
- Andrea serves on the Board of Directors of Habitat for Humanity New York City, marrying her passion for real estate with Habitat's mission of building affordable, safe, equitable housing for all.
- She has been a Big Sister through Big Brothers Big Sisters for over 17 years to Jade Flamer, who says that “blood couldn't make us closer.
- She is active with several other non-profits like ChildFund, in which she sponsors ten adolescent females in West Africa, and The Gay Center.