Skylar Murphy, 30
Vice president at Artemis Real Estate Partners
Artemis was the goddess of the hunt in Greek mythology, and the current market environment certainly necessitates the need for her inspiration. Connecticut native Skylar Murphy joined Artemis Real Estate Partners six years ago, and her team keeps a cool collective head amid the volatility.
“Being at a company where people really encourage the flow of information and keeping everyone in the loop on what they’re seeing in their markets across the country has really benefited me, my growth and my continued learning,” Murphy said.
Focused on acquisitions as well as asset management, Murphy’s geographical purview includes Dallas-Fort Worth, Pennsylvania and southern New Jersey.
“We’re broken up by geography, which is great, because we get to continue to cover every asset class within our geography,” she said. “As you know, opportunity ebbs and flows as different asset classes are in and out of favor, but we’re able to be active continuously.”
While Murphy focuses on multiple asset classes within those markets, she also focuses specifically on Artemis’ self-storage business nationally. “Self-storage is an asset class Artemis has a long history with and it’s been great to have the opportunity to continue to push that growth from the Artemis perspective,” she said.
Case in point, in June, Artemis announced a joint venture with Keeley Properties and BestBox Storage, with plans to invest up to $250 million of equity in the storage sector — a deal that Murphy worked on.
On a regular schedule, Murphy’s day is 70 percent acquisitions and 30 percent asset management. “We take a cradle-to-grave approach, so anything we work on the acquisition of, we continue to asset manage. Seeing as the market has shifted, it has been extremely important to work with our partners and be diligent on the management of our existing portfolio.”
Along with the market shift comes opportunity , of course— something the Artemis team has been preparing for as one volatile year ends and another begins.
“Everyone is saying that there will be a lot of opportunity next year, and I think that’s certainly true. We’re well positioned for what’s to come, and we have a fair amount of dry powder across funds. We’ve been able to be patient and really prepare ourselves for the opportunity we think we’ll see.”
