Frank Tansey passes away

Francis Xavier Tansey, the co-founder of DRA Advisors, has passed away at the age of 73.

Tansey was the co-founder and president of DRA Advisors from 1994 through his retirement in 2010. From 1986–1994, he was president and CEO of Dreyfus Realty Advisors, DRA’s predecessor company. And from 1984 to 1986, Tansey was a trustee and manager – investment financing of the General Electric Pension Trust.

Prior to that he was the manager of fixed income of GEPT, responsible for the management of real estate, taxable and tax-exempt bonds and cash from 1981 to 1984. And previously from 1970 to 1981, Tansey was both investment manager and manager of real estate of GEPT, responsible for the management of its real estate portfolio.

Tansey graduated in 1966 from Rutgers University with a Bachelor’s of Science degree in economics.

He is survived by his wife and two daughters.