OUR TEAM
Lodestone Global's team has extensive boardroom experience in public, private and non-profit environments.
Kenneth
Munkacy
Ken is a real estate investment, development, and fund management executive with more than 30 years of experience building, growing and transforming real estate companies.
Over the past 25 years, Ken has served on over fifteen boards, in 9 countries, including a NASDAQ-listed mortgage REIT (ICCMIC), a publicly-listed homebuilder on the Bangkok Stock Exchange (Sansiri), and also served on boards of numerous other U.S. privately held companies, family offices, ESOPs, and joint venture operating companies; several of these involved representing GE Capital or Starwood Capital with local operating partners or portfolio investment.
As an outside director or advisory board member, Ken works to help companies maximize their returns and mitigate their downside risk. Ken's approach is repeatable and built on three pillars: 1) Capitalizing on dislocation, inefficiencies and mispriced risk in the market; 2) Transformative cost and operating improvements for companies to establish low-cost and high margin competitive positions; 3) The delivery of outstanding customer and tenant experiences to properly grow and sustain revenues. These disciplines typically require close coordination among the senior leadership team with clear accountability and a well-defined strategy.
Ken serves as the Senior Managing Director and member of the Investment Committee at Kingbird Investment Management based in Boston. Kingbird is the wholly-owned real estate group of Grupo Ferre Rangel, a 100 year old, fourth generation family office located in San Juan, Puerto Rico. Ken has deep expertise in the domestic and international real estate, particularly in areas of investment, development, fund management, private equity, and family offices.
As an outside board member and director to several publicly-listed and privately held companies and FO’s, Ken serves as a trusted advisor to CEOs, boards, investors and families of several leading real estate, engineering/design and consumer product/packaging companies, helping them develop and execute sustainable, winning strategies.
Prior to Kingbird, Ken served as a Senior Managing Director at GID Investment Advisors, a vertically integrated family office with $18B and 30,000 units. GID was a joint venture partner with CalPERS, ADIA and DuPont pension funds. He previously held senior executive positions in publicly-listed companies (GE Capital, TrizecHahn, Xerox), privately held fund managers (Starwood Capital) and large family offices (Golub & Co); he understands how to run profitable operating companies that generate durable and scalable investment returns.
Ken also has extensive experience in leadership development, instilling best industry practices, and strategic planning processes. He has been responsible for recruiting, training, developing and retaining management teams both domestically and internationally in multi-cultural markets. He also has a strong track record in developing and mentoring future senior executives.
Outside of work, Ken has taken active leadership roles in several global real estate industry associations. He serves as the Vice Chair of the Global Exchange Council at the Urban Land Institute (ULI), and is also a member of the International Exchange Council at the Pension Real Estate Association (PREA). Ken has published numerous articles in several leading real estate publications (e.g., the Journal of Real Estate Finance and Urban Land etc.); he has also lectured in real estate at Wharton, Stanford, HBS, MIT, NYU/Stern, Columbia University Real Estate Program, and Northwestern/Kellogg business schools.
Ken earned a BA in Economics and Government at Franklin and Marshall College, where as an undergraduate he served as a legislative assistant to a senior ranking US Senator. After graduation, he was awarded a New York City Urban Fellowship where he served under Mayor Koch and worked for the City Planning Commission. He earned his Master of City Planning at the University of Pennsylvania, where he concentrated in real estate development and finance at the Wharton Business School; while at Wharton, he served as a senior fellow at its Management and Behavioral Science Center.