Management Team
Advisory Board

Management Team

The management team provide expertise across the full range of property investment and management services, from acquisition, renovation, leasing and ongoing management.  The investment operations are overseen by Dixon Advisory USA, a related entity of the Responsible Entity, based in Manhattan, New York.

Alan Dixon
Alan DixonManaging Director & CEO
Alan joined Dixon Advisory and Superannuation Services Limited (Dixon Advisory), in Canberra, in 2001. Dixon Advisory was founded in 1986 by his father, Daryl, as a leading consultant on retirement strategies and advice. By 2001, the firm was one of Australia’s leading independent advisors and consultants. Alan joined with the vision of expanding it to be a full-service private wealth management business focused on the then nascent self-managed superannuation (SMSF) sector. Under Daryl’s Chairmanship and Alan’s role as the Group Managing Director, Dixon Advisory grew from under $200 million of funds under advice in 2001 to over $6 billion today, a compound annual growth rate of over 25% for more than a decade, with the business now employing over 400 staff across offices in Sydney, Melbourne, Canberra and New York. Dixon Advisory is today the largest privately owned, vertically integrated wealth management business focused on the SMSF sector.

Alan relocated to New York full time in early 2012 to manage the growing operations of Dixon Advisory USA. Applying his experience at Dixon Advisory in building an institutional business in a highly fragmented, retail industry, Alan has rapidly built Dixon Advisory USA into a leader in the urban single-family home rental business, building a highly scalable, vertically integrated operation covering all aspects of the single-family property investment cycle. Today Dixon Advisory USA employees a staff of over 100, manages a portfolio of over $1 billion and is the only real estate investment trust focused on New York metropolitan area single-family homes.

Prior to joining Dixon Advisory, Alan was a successful property investment banker at Ord Minnett, a predecessor firm to JP Morgan, and ABN AMRO Corporate Finance, and commenced his career at Price Waterhouse.

Alan has a Bachelor of Commerce from the Australian National University and is a Member of the Institute of Chartered Accountants in Australia. He is an SPAA Accredited SMSF Specialist Advisor™.

Alex MacLachlan
Alex MacLachlanManaging Director & Head of Strategy
Alex joined Dixon Advisory in 2008 to lead the then newly formed Funds Management division. Alex focused the efforts of the Funds Management division on providing Dixon Advisory clients with access to asset classes and investment opportunities that would normally only be available to institutional investors. From funds under management of under $100 million at the time of his start, Alex has grown the Funds Management division to approximately $3 billion of funds under management today, with investments across residential and commercial property, fixed income, private equity, and listed equities and commodities.

In addition to his role as CEO of Funds Management, Alex also leads the strategy and growth of Dixon USA, a leading provider of urban single-family home rentals in the New York metropolitan area. Alex conceived the idea of establishing a business to acquire and manage homes in urban areas experiencing strong growth and gentrification in 2008. Between 2008 and 2010, Alex researched and developed the investment thesis and business model for what would become Dixon USA, and in late 2010, Dixon USA was launched. Today, Dixon USA manages assets of over $1 billion and is the largest Australian-listed property trust with a primary strategy of investing in US residential property.

Alex is a member of the Dixon Advisory Investment Committee. During his career, Alex has developed strong relationships with investment professionals around the globe who provide significant economic and investment insights. This enables Alex to identify and execute unique investment opportunities and take a disciplined approach to investing.

His expertise is regularly called on by the media seeking comment on issues such as asset allocation and particular types of investments, and he contributes columns on those topics to the Financial Review. For Dixon Advisory, he presents on asset allocation, international markets (including Asia, resources and US property), income investments and general macroeconomic trends.

Prior to joining Dixon Advisory, Alex was an investment banker at UBS, where he rose to Head of Energy for Australasia. During his tenure in investment banking, Alex worked on more than $100 billion in mergers and acquisitions and capital markets transactions, advising some of the world’s leading companies.

Alex has a Bachelor of Arts from Cornell University and a Masters of Business Administration from The Wharton School, University of Pennsylvania.

David Orr
David OrrExecutive Director & COO
David is an investment expert with over a decade experience across Australian Financial Services and US property. David joined Dixon Advisory (Australia) in 2005 working in a number of roles across the Investment Advisory and Corporate Finance teams. In 2008 David became Dixon Advisory’s youngest Director when promoted to Head of Investment Advisory, Canberra. Two years later David relocated to Sydney to head their Investment Team and took on a number of national responsibilities. In his time in Australia David was responsible for building investment teams, training and mentoring staff in addition to negotiating debt transactions for the Australian Masters Corporate Bond Series and subsequent Yield Funds. David has also developed strategy, processes and training for several firm wide projects, including two hostile corporate actions, a number of legislative changes and staff and client engagement.

David moved to New York in 2014 and is the Executive Director & Chief Operating Officer. In this role David, in conjunction with Alan Dixon, is responsible for the strategic and operational direction of Dixon Advisory USA. This includes overviewing several business units, managing the funds relationship with investors, analysts, media and joint venture partners and assisting with capital market operations. David actively looks for new business opportunities to improve and grow the fund.

David graduated with a Bachelor of Laws and a Bachelor of Commerce from the Australian National University and a Graduate Diploma in Applied Finance and Investment from Kaplan Professional Australia. David is a member of the Stockbrokers Association of Australia and a Senior Fellow at the Financial Services Institute of Australia (FINSIA).

Ezequiel (Zeke) Ortiz
Ezequiel (Zeke) Ortiz Executive Director
Zeke brings to the Fund 15 years of experience in Hudson County real estate. Through his career, Zeke has completed over $200 million of property transactions and 1000 appraisals of New Jersey property.

Zeke is responsible for the co-ordination and management of the acquisition and evaluation teams to ensure a highly streamlined process for the identification, evaluation and acquisition of Hudson County real estate for the Fund. Since joining the Fund, he has worked to provide a consistent and dependable set of methodology for the Acquisition team to achieve the highest quality results on a timely basis.

Additionally, Zeke has been vital to the growth and success of Dixon Projects. His leadership and expertise in residential client needs have been invaluable in determining the best renovation strategies to reinvigorate properties between tenants. Zeke is a mentor to his team of project and assistant project managers and regularly coaches’ peers to maximize their potential.

Before joining the Fund, he held positions across valuations, sales, brokerage and construction. Zeke is a licensed New Jersey real estate Broker.

Eric Moore
Eric MooreDirector, Acquisitions
As Director of Acquisitions, Eric is responsible for identifying, analysing and acquiring prospective investments for the Fund. Since joining the Fund in June 2011, Eric has played a key role in acquiring nearly 600 properties throughout Hudson County, Brooklyn, Manhattan, and Queens for the Fund.

Eric has extensive experience in residential property analysis. He has helped develop, mould and streamline many of the acquisition team processes, including the design and management of the custom acquisition database. Eric is passionate about developing a long-term career in real estate.

Before joining the Fund, he worked with the acquisition team at ATCO, a NY-based property firm. Eric graduated from Lehigh University with a Bachelor of Science in Finance and a minor in Real Estate. He spends his weekends volunteering at Big Brothers Big Sisters of New York City.

Joshua Carney
Joshua CarneyDirector, Leasing
As Director of Leasing, Josh brings more than 10 years of New York City real estate experience to the Fund. While his primarily responsibilities revolve around leasing and marketing, Josh regularly lends his extensive expertise to acquisitions, design optimisation, best-use analysis, and client relationship development helping minimize vacancies while ensuring complete customer satisfaction.

Over the past 15 years, Josh has accumulated global experience in real estate rentals, sales, and new development in both residential and commercial capacities. With over $500M and hundreds of transactions in the USA, UK, Australia, and Brazil, he has worked in all facets of the real estate process across properties in both the private and public realms. Josh is an avid real estate investor and loves developing his understanding of the real estate market. Driven to create “win/win” relationships, Josh finds great satisfaction in identifying what is most important to prospective tenants and pairing them with the perfect home.

Josh has a Masters in Real Estate (Finance and Investment) from New York University and a Bachelor of Commerce (Marketing) from the University of Wollongong.

Laura Mooney
Laura MooneyDirector, Leasing
As Director of Leasing, Laura has been the driving force behind the transformation of the leasing team from five people to a highly skilled team of over twenty. Previously serving as the Head of Dixon Advisory’s Australian Property Team, Laura recognises the importance of positive client relationships and plays a pivotal role in creating operational efficiencies across all teams to ensure every tenant receives a premier end-to-end service.

Prior to moving to the U.S., Laura capitalised on her financial planning background and interest in the property market to create strategic financial plans, allowing individuals and families to secure their futures through property investment. Laura’s experience across all aspects of property ownership from financial strategy through asset selection and ongoing management has been pivotal in helping to expand and streamline the Fund’s internal operations, in addition to the portfolio of available properties. Her experience goes beyond the office, with personal residential and commercial property investments across Australia and the U.S.

Laura is a licensed realtor in Australia and the U.S. and has a Bachelor of Economics, majoring in Finance and Economics, from Sydney University. She also holds a Graduate Diploma of Financial Planning from Kaplan Professional, Australia.

Rebecca Symes
Rebecca SymesGeneral Counsel
As General Counsel, Rebecca advises senior management on corporate governance, risk management, and transactional matters. Rebecca also supervises outside counsel and oversees day-to-day legal affairs.

In addition, Rebecca is responsible for developing and maintaining relationships with community stakeholders with the primary goal of identifying shared objectives and maximizing opportunities for collaboration.

Prior to joining the Fund, Rebecca was Counsel & Director of Constituent Affairs for U.S. Senator Kirsten Gillibrand. In that capacity, Rebecca managed a statewide constituent services department tasked with assisting more than 10,000 municipalities, businesses, non-profits, and households annually with matters related to the federal government. Rebecca began her career as an attorney with Housing Conservation Coordinators, a non-profit, providing free legal representation to low-income New Yorkers. She received her Bachelor of Arts from Ithaca College and her Juris Doctor from the Catholic University of America, where she was the Dulin Haynes Memorial Fellow.

Melissa Fagan
Melissa FaganManager, Human Resources
Melissa is a high-energy, results-driven professional dedicated to advancing Dixon Advisory USA’s mission through hiring and developing the best possible talent. As Human Resources Manager, Melissa is actively involved in all facets of employee-employer relations, helping to facilitate a positive work environment while implementing new processes that protect Dixon Advisory USA’s employees and the company itself.

Previously a HR Generalist, Melissa has always been a “jack of all trades” and regularly assisted in strategic development, payroll, employee engagement, benefit packages, performance management and more. The skills and knowledge she gained have helped her transition into her role as Head of Human Resources.

Advisory board

The Responsible Entity has established an Advisory Board to provide it with expert advice in relation to commercial matters regarding the Fund.

Nirav Desai
Nirav Desai
Nirav is currently the Managing Director of Sparta Group LLC, an ultra high net worth private family investment office based outside of Boston, Massachusetts (USA).

He is responsible for managing a global investment portfolio across asset classes including hedge funds, private equity, direct investments, real assets, and public securities. Prior to Sparta Group LLC, Nirav was a principal investor at a US-based private equity fund focused on middle market transactions and homeland security and clean technologies.

In addition, he has experience as an investment banker and naval intelligence officer. Nirav has a BA from the University of Michigan, Ann Arbor and a Masters of Business Administration from The Wharton School, University of Pennsylvania.

Dean Miller
Dean Miller
Dean serves as Managing Director of the PCOM Primary Care Innovation Fund, a venture capital fund focused on healthcare innovations, particularly those focused broadly in the field of primary care. Dean brings close to 20 years of investment experience to the PCOM Fund.

Dean also serves as President and CEO of PACT (Philadelphia Alliance for Capital and Technologies), the largest resource in the Philadelphia region for investors and healthcare and technology entrepreneurs. Dean is also currently a Partner with Evergreen Industries, a middle-market-focused buyout firm targeting manufacturing and business services firms across industries in the Mid-Atlantic region with sales of $5-50M.

Dean was previously Managing Director at Novitas Capital where he focused on venture capital investments across healthcare and technology. He led investments in and served as Chairman or Director of Agile Therapeutics (NASDAQ: AGRX), Cernostics, Inc., Renal Solutions (acquired by Fresenius (NYSE: FMS)), Incurrent Solutions (acquired by Online Resources (NASDAQ: ORCC)), LearnNow, Inc. (acquired by Edison Schools), and VIPDesk (acquired by International SOS).

Previously, Dean served as the Chief Financial Officer of Adaptiv Learning Systems, a venture-backed start-up company that was spun out of the University of Pennsylvania. Dean began his career at the Chubb Group, where he held a variety of senior management positions. He holds a Bachelor of Arts Degree in Business Administration and Psychology from Franklin and Marshall College and he graduated with distinction from the University of Pennsylvania’s Wharton School with an MBA in Private Equity.

David Whelan
David Whelan
David runs Oxeon Ventures, the venture start-up studio and investment business at Oxeon Holdings. The ventures studio designs, provides initial capital, incubates, and builds de novo or purpose-built-from-scratch healthcare companies. The team develops and hones concepts and business plans and then leverages Oxeon Holding’s service lines and vast network of relationships to bring founding leadership, product/market validation, enterprise clients and then secure additional capital for these early stage companies. They build these companies independently or in partnership with entrepreneurs-in-residence or co-developed with outside healthcare companies including leading health systems, health plans or technology or service companies. Companies developed inside of Oxeon Ventures include Docent Health, Risalto and Abaka.

Prior to Oxeon Ventures, David’s experience includes a General Partner of Accretive LLC, a private investment firm, Chief Executive Officer of Cloverleaf Group, investment banker in London, England and Sydney with Goldman Sachs & Company as well as Deutsche Bank. David started his career at Price Waterhouse in the firm’s Corporate Finance division in Sydney.

David also serves on the board of Friends of Hudson River Park Trust an independent nonprofit organisation dedicated to the completion, care, and enhancement of the Hudson River Park, and is the designated fundraising partner of the Hudson River Park Trust.

David has a Bachelor of Laws (Honours) and Bachelor of Commerce from Bond University in Queensland, Australia.

Stuart Nisbett
Stuart Nisbett
Stuart Nisbett is currently the Managing Director and Principal at Archerfield Capital Partners, a boutique corporate advisory firm specialising in real estate, which he established in 2008. He has more than 25 years’ experience in property development, property funds management, equity and debt raising, corporate advisory and project finance. Stuart is also an independent director of the Asian Masters Fund Limited.

Previously, Stuart was Executive Director, Head of Property Funds at ANZ Investment Bank. He was also the Managing Director, Head of Property Banking & Property Investment Banking at N M Rothschild & Sons (Australia) Limited. Stuart has also held senior roles at director level at Macquarie Bank Property Investment Banking Division and at Lend Lease Corporation in its development and commercial asset management divisions.

Stuart holds a Bachelor of Commerce with Merit and a Masters of Commerce from the University of NSW, and in 2005 was appointed a Fellow of the Australian Property Institute.

Directors of the Investment Manager

The Investment Manager (URF Investment Management Pty Limited) is responsible for managing the assets of the Fund.

Alan Dixon
Alan DixonDirector
See above.
Alex MacLachlan
Alex MacLachlanDirector
See above.
Tom Kline
Tom KlineDirector
Tom Kline is the Chief Executive Officer of New Energy Solar Fund and Chief Operating Officer of the Funds Management division of Walsh & Co. He works closely with the Dixon Advisory Investment Committee and Corporate Finance teams to deliver investment opportunities for Dixon Advisory clients. He is a director of Fort Street Real Estate Capital and New Energy Solar Limited, Chairman of Australian Masters Yield Fund No 4 Limited and Australian Masters Yield Fund No 5 Limited. Tom is also a director of the responsible entity for US Select Private Opportunities Fund I & II, Emerging Markets Masters Fund, Australian Property Opportunities Fund I and II, New Energy Solar Fund and US Masters Residential Property Fund.

Before Dixon Advisory, Tom worked at UBS AG in Sydney. During his time at UBS, Tom was a member of the Infrastructure and Utilities team and advised on a wide range of public and private M&A and capital market transactions.

Prior to joining UBS AG, Tom served in the Corporate Finance division of Deloitte. While at Deloitte, he worked in the Transaction Services, Business Modelling and Valuation Teams.

Tom has a Bachelor of Commerce and Bachelor of Laws (with honours) from Australian National University.

Phillip Lois
Phillip LoisDirector
Phillip Lois joined Dixon Advisory in 2010 and is currently the Deputy Chief Financial Officer of Dixon Advisory Group.

One of Phillip’s key focuses throughout his time at Dixon Advisory has been the management of the US Masters Residential Property Fund. Phillip was previously the Chief Financial Officer of the US Masters Residential Property Fund, a role which he held from 2011 to 2015. During this time, Phillip was responsible for the all the finance functions of the US Masters Residential Property Fund, ensuring that the fund’s financial controls, reporting and management processes were of the highest standard. Phillip was also responsible for managing numerous key external relationships such as banking, insurance and debt financing and was instrumental in overseeing the Fund’s growth from initially A$70m in assets to almost A$1bn in assets today. Phillip brings an in depth understanding of the Fund’s strategy, operations and processes to the board of the Investment Manager.

Prior to joining Dixon Advisory, Phillip was an investment banker at UBS AG in the natural resources sector, where he worked with many of Australia’s and the world’s leading natural resources companies, advising and executing on mergers and acquisitions and capital markets transactions.

Phillip holds a Bachelor of Commerce majoring in accounting and finance and a Bachelor of Chemical Engineering from the University of Sydney.

Directors of the Responsible Entity

The Responsible Entity is responsible for the overall operation of the Fund including the determination of its strategic direction with the aim of increasing Unitholder wealth through the performance of the Fund.

Walsh & Company Investments Limited is the Responsible Entity of the Fund and is a wholly owned subsidiary of Walsh & Company Group Pty Limited.

Alex MacLachlan
Alex MacLachlanChairman
See above.
Tristan O’Connell
Tristan O’ConnellDirector
Tristan O’Connell joined Dixon Advisory in 2005 after 10 years’ experience in corporate financial and management roles within the wholesale financial markets industry. Tristan is currently a director of the responsible entity for US Select Private Opportunities Fund I & II, Emerging Markets Masters Fund, Australian Property Opportunities Fund I & II, New Energy Solar Fund and US Masters Residential Property Fund.

Among Tristan’s previous roles were Financial Controller of Tullett Prebon in Australia, one of the world’s leading inter-dealer broker firms, specialising in over-the-counter interest rate, foreign exchange, energy and credit derivatives. He subsequently held senior finance roles for the Tullett Prebon Fund in Singapore and London and returned to Australia to be responsible for the financial management and growth of Dixon Advisory.

Tristan has a Bachelor of Commerce from the Australian National University, is a member of CPA Australia and is a Fellow of the Financial Services Institute of Australasia.

Tom Kline
Tom KlineDirector
See above.