Stephen Ryan is an independent researcher and consultant who specialises in real estate. He works with investors, managers, intermediaries and trade associations on a project or retainer basis. His firm S Ryan Invest was founded in 2019. Ryan has worked in the real estate and wider financial services industry since 1988. Most recently he worked with INREV in Amsterdam, concentrating on research, corporate governance and liquidity. Prior to INREV, he was an investment consultant in Mercer where he advised institutional investors on real estate and on defined contribution investments. Ryan previously worked on product development in two of Ireland's largest fund managers, Irish Life Investment Managers and State Street Global Advisors.