Nori Gerardo Lietz
Senior Lecturer of Business Administration
Senior Lecturer of Business Administration
Nori Gerardo Lietz is a Senior Lecturer of Business Administration in the Finance and Entrepreneurial Management Units. She presently teaches Real Estate Private Equity and Starting a Private Investment Firm.
Nori Gerardo Lietz is the founder of Areté Capital, a real estate advisory firm. Until June 2011, Ms. Gerardo Lietz was a Partner at Partners Group, a Swiss based private alternative asset manager. At Partners Group she was Chief Strategist for private real estate, a member of the Global Investment Committee, and Chair of the private real estate Investment Committee. Ms. Gerardo Lietz co-founded Pension Consulting Alliance (“PCA”) in 1988 and developed its real estate investment management and advisory activities. PCA became the largest real estate advisory firm in the world in terms of client assets. In that capacity she represented many of the largest real estate investors in the world. Previously, she co-founded Public Storage, Inc., an institutional money management firm deploying pension capital to acquire real estate assets. She began her career as an attorney at Paul, Hastings specializing in SEC and ERISA matters on behalf of pension funds, real estate managers and real estate pension consultants.
Ms. Gerardo Lietz holds an AB with honors from Stanford University. She also holds a juris doctorate from the UCLA School of Law where she was the Chief Comment Editor of the UCLA Law Review.
She is a member of the Veris Residential Board of Directors. Ms. Gerardo Lietz is also a member of the Board of Directors for USA Water Polo Inc., the governing body for the sport in the United States. She is a former member of the Pension Real Estate Association Board of Directors and of the Real Estate Research Institute Board of Directors. In 2005 she was the Commencement Speaker for the MIT Center for Real Estate. She has twice received the Distinguished Teaching Award for the Elective Curriculum from the Harvard Business School Class of 2014 and Class of 2022. The Private Equity Real Estate Magazine named her one the 30 most influential industry leaders in 2006, the second most influential real estate person globally in 2007, and one of the 10 most prominent women in real estate in 2010.
- Journal Articles
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- Lietz, Nori Gerardo, Thea C. Hahn, and David Geltner. "Real Estate Opportunity Funds." Journal of Portfolio Management 31, no. 5 (2005): 143–153. (Special Real Estate Issue 2005.) View Details
- Lietz, Nori Gerardo. "In the Hot Finance Jobs, Women Are Still Shut Out." Harvard Business Review 90, nos. 7-8 (July–August 2012). View Details
- Working Papers
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- Lietz, Nori Gerardo, and Zirui Song. "Does Private Equity Have Any Business Being in the Health Care Business?" Harvard Business School Working Paper, No. 25-012, September 2024. View Details
- Lietz, Nori Gerardo, and Philipp Chvanov. "Does the Case for Private Equity Still Hold?" Harvard Business School Working Paper, No. 24-066, January 2024. View Details
- Cases and Teaching Materials
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- MacCormack, Alan D., Nori Gerardo Lietz, Leonard A. Schlesinger, Karina Souza, and Zeke Gillman. "Doing Business in Buenos Aires, Argentina." Harvard Business School Case 324-108, March 2024. View Details
- Lietz, Nori Gerardo, and Jeff Huizinga. "Broadway Angels: Sisters Doin' It for Themselves." Harvard Business School Case 219-042, May 2019. (Revised November 2022.) View Details
- Lietz, Nori Gerardo. "Broadway Mall: You Can Get It If You Really Want It." Harvard Business School Spreadsheet Supplement 222-712, March 2022. View Details
- Lietz, Nori Gerardo. "Broadway Mall: You Can Get It If You Really Want It." Harvard Business School Case 222-057, March 2022. View Details
- Lietz, Nori Gerardo, John D. Dionne, and Johann May. "JP Morgan Emerging Manager Program: Take a Chance on Me." Harvard Business School Case 222-066, February 2022. View Details
- Tango, Jo, and Nori Gerardo Lietz. "NextView Ventures." Harvard Business School Case 821-031, August 2020. (Revised May 2021.) View Details
- Lietz, Nori Gerardo, and Philipp Chvanov. "Everything Old is New Again - SPACs." Harvard Business School Technical Note 221-094, May 2021. View Details
- Lietz, Nori Gerardo. "Doctor My Eyes"--The Acquisition of Bausch & Lomb by Warburg Pincus (A). Harvard Business School Case 216-021, April 2016. (Revised July 2019.) View Details
- Lietz, Nori Gerardo, and Ricardo Andrade. "Doctor My Eyes"--The Acquisition of Bausch & Lomb by Warburg Pincus (B). Harvard Business School Supplement 218-029, July 2017. (Revised July 2019.) View Details
- Lietz, Nori Gerardo, and Sayiddah Fatima McCree. "Argentina Power—Don’t Cry for Me Argentina." Harvard Business School Teaching Note 219-010, July 2018. (Revised July 2018.) View Details
- Lietz, Nori Gerardo, and Sayiddah Fatima McCree. "Argentina Power—Don't Cry for Me Argentina." Harvard Business School Case 218-041, May 2018. (Revised October 2018.) View Details
- Lietz, Nori Gerardo, and Arthur Sobral. "Colony Capital: Unbelievable." Harvard Business School Case 219-087, January 2019. (Revised August 2019.) View Details
- Lietz, Nori Gerardo. "Dan Gilbert: Crazy or Crazy Like a Fox?" Harvard Business School Case 216-066, April 2016. (Revised December 2019.) View Details
- Lietz, Nori Gerardo, and Ricardo Andrade. "Doctor My Eyes: The Acquisition of Bausch & Lomb by Warburg Pincus (A)." Harvard Business School Teaching Plan 217-003, July 2016. (Revised July 2019.) View Details
- Lietz, Nori Gerardo. "FundersClub: The Times They Are a-Changin'." Harvard Business School Teaching Note 219-120, June 2019. View Details
- Lietz, Nori Gerardo, Jeff Huizinga, and Sayiddah McCree. "FundersClub: The Times They Are a-Changin'." Harvard Business School Case 218-032, September 2017. (Revised June 2019.) View Details
- Lietz, Nori Gerardo. "Hilton Hotels: What a Long, Strange Trip it's Been (A)." Harvard Business School Case 215-049, January 2015. View Details
- Lietz, Nori Gerardo, and Sean Bracken. "Hilton Hotels: What a Long, Strange Trip It’s Been (A) and (B)." Harvard Business School Teaching Note 221-008, July 2020. View Details
- Lietz, Nori Gerardo. "Hilton Hotels: What a Long, Strange Trip it's Been (B)." Harvard Business School Supplement 215-050, January 2015. (Revised March 2019.) View Details
- Lerner, Josh, Nori Gerardo Lietz, and Terrence Shu. "Innova Capital: The Transition." Harvard Business School Teaching Note 819-085, January 2019. View Details
- Lietz, Nori Gerardo. "Interline Brands: Don't Stop Believing." Harvard Business School Teaching Plan 220-095, June 2020. View Details
- Lietz, Nori Gerardo, and Ricardo Andrade. "Interline Brands: Don't Stop Believing." Harvard Business School Case 217-061, March 2017. (Revised July 2019.) View Details
- Rhodes-Kropf, Matthew, Carin-Isabel Knoop, and Nori Gerardo Lietz. "Investcorp and the Moneybookers Bid." Harvard Business School Case 811-013, February 2011. (Revised September 2016.) View Details
- Lietz, Nori Gerardo. "Jaguar Capital S.A.S, Take the Money and Run?" Harvard Business School Teaching Note 219-121, June 2019. View Details
- Lietz, Nori Gerardo, and Sayiddah Fatima McCree. "Jaguar Capital S.A.S., Take the Money and Run?" Harvard Business School Spreadsheet Supplement 218-718, March 2018. View Details
- Lietz, Nori Gerardo, and Sayiddah Fatima McCree. "Jaguar Capital S.A.S., Take the Money and Run?" Harvard Business School Case 218-078, February 2018. (Revised June 2019.) View Details
- Lietz, Nori Gerardo, and Sayiddah Fatima McCree. "Mubadala and EBX: To X or to X It?" Harvard Business School Teaching Note 218-098, May 2018. View Details
- Lietz, Nori Gerardo, Ricardo Andrade, and Sayiddah Fatima McCree. "Mubadala and EBX: To X or to X It?" Harvard Business School Case 217-065, March 2017. (Revised June 2019.) View Details
- Lietz, Nori Gerardo. "Partners Group: Ain't No Mountain High Enough." Harvard Business School Teaching Note 217-064, May 2017. View Details
- Lietz, Nori Gerardo, and Ricardo Andrade. "Partners Group: Ain't No Mountain High Enough." Harvard Business School Case 217-035, September 2016. View Details
- Lietz, Nori Gerardo, and Sayiddah Fatima McCree. "The Perfect Storm: What Happens When the Market Moves Four Standard Deviations?" Harvard Business School Teaching Note 219-006, July 2018. View Details
- Lietz, Nori Gerardo. "The Perfect Storm: What Happens When the Market Moves Four Standard Deviations?" Harvard Business School Case 213-077, January 2013. (Revised June 2017.) View Details
- Lietz, Nori Gerardo, and Ricardo Andrade. "Project Deutschland: Unpeeling the Onion of a Distressed Real Estate Portfolio." Harvard Business School Spreadsheet Supplement 216-708, April 2016. (Revised January 2018.) View Details
- Lietz, Nori Gerardo, and Ricardo Andrade. "Project Deutschland: Unpeeling the Onion of a Distressed Real Estate Portfolio." Harvard Business School PowerPoint Supplement 220-701, August 2019. View Details
- Lietz, Nori Gerardo, and Ricardo Andrade. "Project Deutschland: Unpeeling the Onion of a Distressed Real Estate Portfolio." Harvard Business School Teaching Note 216-056, May 2016. (Revised August 2019.) View Details
- Lietz, Nori Gerardo, and Ricardo Andrade. "Project Deutschland: Unpeeling the Onion of a Distressed Real Estate Portfolio." Harvard Business School Case 216-055, March 2016. (Revised October 2018.) View Details
- Lietz, Nori Gerardo, and Alexander W. Schultz. "Project Sun Devil and Project Paris." Harvard Business School Teaching Note 217-086, June 2017. View Details
- Lietz, Nori Gerardo. "Project Sun Devil and Project Paris." Harvard Business School Case 213-078, February 2013. (Revised June 2017.) View Details
- Segel, Arthur I., Andrew Baum, Nori Gerardo Lietz, Charles F. Wu, and Sid Yog. "Reworking Office Space: Industry City, Brooklyn." Harvard Business School Case 216-075, June 2016. (Revised March 2017.) View Details
- Lietz, Nori Gerardo. "Roadmap to Solving the Project Deutschland Case." Harvard Business School Teaching Note 220-012, August 2019. View Details
- Lietz, Nori Gerardo, and Sean Bracken. "Simon Storage." Harvard Business School Teaching Note 221-003, July 2020. View Details
- Lietz, Nori Gerardo. "Simon Storage." Harvard Business School Case 212-064, January 2012. View Details
- Lietz, Nori Gerardo, Timothy J. Becker, Ricardo Andrade, and Sayiddah Fatima McCree. "The Tax Man: Taxes in Private Equity Real Estate." Harvard Business School Spreadsheet Supplement 219-019, August 2018. View Details
- Lietz, Nori Gerardo, and Sayiddah Fatima McCree. "The Tax Man: Taxes in Private Equity Real Estate." Harvard Business School PowerPoint Supplement 219-722, August 2018. View Details
- Lietz, Nori Gerardo, and Sayiddah Fatima McCree. "The Tax Man: Taxes in Private Equity Real Estate." Harvard Business School Teaching Note 219-017, November 2018. View Details
- Lietz, Nori Gerardo, Timothy J. Becker, Ricardo Andrade, and Sayiddah Fatima McCree. "The Tax Man: Taxes in Private Equity Real Estate." Harvard Business School Spreadsheet Supplement 218-717, February 2018. (Revised August 2018.) View Details
- Lietz, Nori Gerardo, Timothy J. Becker, Ricardo Andrade, and Sayiddah F. McCree. "The Tax Man: Taxes in Private Equity Real Estate." Harvard Business School Case 218-077, February 2018. (Revised December 2019.) View Details
- Lietz, Nori Gerardo. "Teton Capital Partners, LLC: Free Fallin'." Harvard Business School Case 220-076, April 2020. (Revised July 2020.) View Details
- Lietz, Nori Gerardo. "Toys 'R' Us: Come Buy My Toys." Harvard Business School Teaching Note 220-070, April 2020. (Revised June 2020.) View Details
- Lietz, Nori Gerardo, Erica Segall, Alejandro Botto, and Terrence Shu. "Toys 'R' Us: Come Buy My Toys." Harvard Business School Case 220-023, October 2019. (Revised June 2022.) View Details
- Lietz, Nori Gerardo, and Alexander W. Schultz. "The U-Turns of National Truck Stops." Harvard Business School Teaching Note 217-075, June 2017. View Details
- Lietz, Nori Gerardo, and Alexander W. Schultz. "The U-Turns of National Truck Stops." Harvard Business School Case 217-062, April 2017. (Revised August 2020.) View Details
- Lietz, Nori Gerardo, and Terrence Shu. "Ver de Verdad: I Can See Clearly Now." Harvard Business School Teaching Note 221-048, November 2020. View Details
- Lietz, Nori Gerardo, and Sayiddah Fatima McCree. "Ver de Verdad: I Can See Clearly Now." Harvard Business School Case 218-040, October 2017. View Details
- Lietz, Nori Gerardo, Terrence Shu, and Sean Bracken. "Will WeWork Work? Suspicious Minds." Harvard Business School Case 220-035, September 2019. (Revised November 2023.) View Details
- Lerner, Josh, Nori Gerardo Lietz, and Terrence Shu. "Yale University Investments Office: February 2015." Harvard Business School Teaching Note 819-094, January 2019. View Details
- Other Publications and Materials
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- Lietz, Nori Gerardo, and Sean Bracken. "Why WeWork Won't." Harvard Business School Working Knowledge (September 18, 2019). View Details
- Lietz, Nori Gerardo. "Cloistered in the Pink Ghetto: Women in Private Equity, Real Estate And Venture Capital." November 2011. View Details
- In The News