Managing Director, Real Estate, Investments

Site: Mass General Brigham Incorporated

Mass General Brigham relies on a wide range of professionals including doctors nurses business people tech experts researchers and systems analysts to advance our mission. As a not-for-profit we support patient care research teaching and community service striving to provide exceptional care. We believe that high-performing teams drive groundbreaking medical discoveries and invite all applicants to join us and experience what it means to be part of Mass General Brigham.

The salary range for this position is $350000.00 to $450000.00 annually. At Mass General Brigham we believe in recognizing and rewarding the unique value each team member brings to our organization. Our approach to determining base pay is comprehensive and any offer extended will take into account your skills relevant experience if applicable education certifications and other essential factors. The base pay information provided offers an estimate based on the minimum job qualifications; however it does not encompass all elements contributing to your total compensation package.

In addition to competitive base pay we offer comprehensive benefits career advancement opportunities differentials premiums and bonuses as applicable and recognition programs designed to celebrate your contributions and support your professional growth. We invite you to apply and our Talent Acquisition team will provide an overview of your potential compensation and benefits package.

Job Summary

Investment Office General Overview

Mass General Brighams Investment Office manages more than $30 billion for MGB invested primarily via partnerships with third party investment management firms. Strategies in the portfolio include private equity venture capital long-only equities long/short equities and real assets investments. Our goal is to generate excellent long-term risk adjusted returns to support MGBs mission to improve the lives and health outcomes of patients globally.

The Investment Office offers a collaborative team-oriented environment. We strive to be nimble in our pursuit of exceptional investment opportunities as well as our support of world-class investment partners. This is a hybrid position based in Boston/Somerville MA.

The Investment Office is looking to hire an Investment Managing Director Real Estate to join our investment team. This new multi-faceted role reports directly to MGBs Chief Investment Officer and has two primary objectives:

1. Collaborate with MGBs Chief Investment Officer and MGB leadership to design and execute our new direct real estate initiative focused on long-term non-operating real estate investments. This individual will steer real estate investment identification underwriting and asset management for real estate directly held in our investment pools.

This new initiative will require real estate investment thought leadership; a strong network in and understanding of Greater Boston Area real estate opportunities; creative and strategic thinking; and strong leadership and collaboration abilities.

2. Support third party investment manager underwriting primarily of real estate strategies but with exposure to other investment areas in cooperation with our generalist investment staff. The Investment Office partners with many external investment managers to access compelling investments globally. MGBs long-duration capital scaled asset base partnership-oriented approach and mission make us an attractive collaborator for managers who share our time horizon and values.

The Investment Office offers a collaborative and meritocratic environment in which all members of our investment staff sit on our internal investment committee. While our direct real estate investment efforts will be concentrated in Massachusetts our manager underwriting efforts offer opportunities for both domestic and international travel.

Investment Managing Director Real Estate responsibilities include but are not limited to:

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 transactionexecution
Design and oversee asset management strategy and practices for directly held properties in MGBs investment portfolio; identify opportunities for return-enhancing asset repositioning
Manage legal and counterparty negotiations
Represent MGB positively to third parties and bolster MGBs 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
Candidates must be able to work a hybrid schedule from MGBs Somerville MA (Boston area) office as well as travel domestically and internationally

Qualifications:

10 years investment experience with primary focus on real estate investments and assetmanagement
Demonstrated knowledge of Greater Boston Area real estate market investment landscapecounterparties and vendors
Excellent analytical skills; capacity to evaluate complex transactions and identify creativesolutions
Energetic positive can-do attitude; highly collaborative and team-oriented
Intrinsically motivated with proven success leading initiatives from ideation throughexecution
Inspired to support a mission-driven organization; dedicated to representing MGBs 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-levelexecutives and board members
Excellent relationship management abilities
Bachelors degree or higher with strong academic credentials

Hybrid

399 Revolution Drive

40

Regular

Day (United States of America)

Pay Range

$300000.00 - $437500.00/Annual

Grade

92

At Mass General Brigham we believe in recognizing and rewarding the unique value each team member brings to our organization. Our approach to determining base pay is comprehensive and any offer extended will take into account your skills relevant experience if applicable education certifications and other essential factors. The base pay information provided offers an estimate based on the minimum job qualifications; however it does not encompass all elements contributing to your total compensation addition to competitive base pay we offer comprehensive benefits career advancement opportunities differentials premiums and bonuses as applicable and recognition programs designed to celebrate your contributions and support your professional growth. We invite you to apply and our Talent Acquisition team will provide an overview of your potential compensation and benefits package.

0100 Mass General Brigham Incorporated is an Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to race color religious creed national origin sex age gender identity disability sexual orientation military service genetic information and/or other status protected under law. We will ensure that all individuals with a disability are provided a reasonable accommodation to participate in the job application or interview process to perform essential job functions and to receive other benefits and privileges of employment. To ensure reasonable accommodation for individuals protected by Section 503 of the Rehabilitation Act of 1973 the Vietnam Veterans Readjustment Act of 1974 and Title I of the Americans with Disabilities Act of 1990 applicants who require accommodation in the job application process may contact Human Resources at .

Mass General Brigham Competency Framework