Managing Director, Real Estate, Investments

Mass General Brigham•Somerville, MA

1d•$300,000 - $437,500•Hybrid

About The Position

Mass General Brigham's Investment Office manages over $30 billion, primarily through partnerships with external investment firms, covering strategies like private equity, venture capital, equities, and real assets. The office aims to achieve excellent long-term risk-adjusted returns to support MGB's mission. This is a hybrid role based in Boston/Somerville, MA, offering a collaborative and team-oriented environment. The Investment Office is seeking an Investment Managing Director, Real Estate, to join their team. This new role reports to MGB’s Chief Investment Officer and has two main objectives: 1. To collaborate with MGB’s Chief Investment Officer and leadership to design and execute a new direct real estate initiative focused on long-term, non-operating real estate investments. This individual will be responsible for steering real estate investment identification, underwriting, and asset management for real estate directly held within MGB's investment pools. This initiative requires real estate investment thought leadership, a strong network within the Greater Boston Area real estate market, creative and strategic thinking, and strong leadership and collaboration skills. 2. To support the underwriting of third-party investment managers, primarily focusing on real estate strategies but also including other investment areas in collaboration with generalist investment staff. MGB partners with external managers to access global investments, leveraging its long-duration capital, scaled asset base, and partnership-oriented approach. The Investment Office fosters a collaborative and meritocratic environment where all investment staff participate in the internal investment committee. While direct real estate investments will be concentrated in Massachusetts, manager underwriting efforts may involve domestic and international travel.

Requirements

10+ years’ investment experience, with primary focus on real estate investments and asset management
Demonstrated knowledge of Greater Boston Area real estate market, investment landscape, counterparties, and vendors
Excellent analytical skills; capacity to evaluate complex transactions and identify creative solutions
Energetic, positive, can-do attitude; highly collaborative and team-oriented
Intrinsically motivated with proven success leading initiatives from ideation through execution
Inspired to support a mission-driven organization; dedicated to representing MGB’s best interests and always acting with unquestionable ethics
Clear leadership skills; prior personnel management experience strongly preferred
Exceptional oral and written communication skills; comfort interacting with senior-level executives and board members
Excellent relationship management abilities
Bachelor’s degree or higher with strong academic credentials
Candidates must be able to work a hybrid schedule from MGB’s Somerville, MA (Boston area) office, as well as travel domestically and internationally

Responsibilities

Collaborate with CIO and MGB leadership to design and execute strategic real estate investment strategy
Coordinate with MGB divisions to understand long-term real estate priorities
Proactively identify compelling investment opportunities within target areas
Lead all aspects of direct real estate investment underwriting and transaction execution
Design and oversee asset management strategy and practices for directly held properties in MGB’s investment portfolio; identify opportunities for return-enhancing asset repositioning
Manage legal and counterparty negotiations
Represent MGB positively to third parties and bolster MGB’s reputation in relevant networks; cultivate relationships with external sourcing nodes, counterparties, and leading vendors
Communicate MGB real estate investment strategy effectively to internal and external parties
Lead and co-lead underwriting of real estate manager investment opportunities (i.e., third party fund investments) alongside investment office colleagues
Actively contribute to internal investment committee discussions, asking questions and offering suggestions that drive us toward better investment decisions
Mentor less experienced members of the investment team; actively collaborate with other functional groups within the Investment Office