Merrie Frankel has extensive experience in REITs, capital markets, credit ratings, corporate governance, portfolio management, securitizations, equity and debt transactions, restructuring, and workouts for institutional, public, and private entities. She has covered most property sectors, particularly industrial, office, retail, multifamily, healthcare and self-storage. She is a frequent speaker and author on REITs, ratings, and real estate capital markets.Ms. Frankel serves on the Board of Directors of Agree Realty Corporation (NYSE: ADC), a retail net lease REIT, where she Chairs the Nominating/Governance Committee and is a member of the Audit Committee. She is also launching a PropTech venture.Ms. Frankel is the President/founder of Minerva Realty Consultants, LLC that provides independent REIT and ratings advisory services in addition to litigation support for REITs, public and private companies, and funds. Prior to Minerva, Ms. Frankel spent 18 years at Moody’s Investors Service in the Commercial Real Estate Finance Group as Vice President and Senior Credit Officer, where she was responsible for rating REITs and real estate operating companies in the United States and Canada. Prior to Moody’s, she was Senior Vice President and Director of Portfolio Management for the Argo Funds and held positions as a tax attorney, investment banker, and consultant at notable companies including Ernst & Young, Cushman & Wakefield, J.P. Morgan Securities and Salomon Brothers Inc. Ms. Frankel is an adjunct professor at Columbia University’s Graduate School of Architecture,Planning and Preservation and New York University’s Schack Institute of Real Estate teaching real estate capital markets.Among her industry affiliations, she is a Trustee and former Chair of the New York District Council for the Urban Land Institute (ULI); a member of the Advisory Committee for Women in PropTech; Board member and Finance Committee for Financial Women’s Association of New York (FWA); a past board member and Treasurer of the New York Women Executives in Real Estate (WX) Charitable Fund; and serves on the Editorial Advisory Board for Nareit and previously Real Estate Media. She has chaired Audit/Finance committees for other nonprofits including the Martha Graham Dance Company where she was a board member. Ms. Frankel was named one of 50 “Women of Influence” by Real Estate New York in 2008 and one of the “2020 Directors to Watch” by Directors & Boards. She contributed to Educated REIT Investing (Wiley), a REIT textbook that was published in 2021. She holds J.D./M.B.A. degrees from Hofstra University Law and Graduate Business Schools, graduated with a B.A. in English from the University of Pennsylvania with various honors, and is admitted to the New York Bar.

Publications

• Chap 8- Real Estate as an Investment- Overview of Alternative Investments By Handbook of Inflation Hedging Investments (Dec 01 2005)