New

Managing Director, Real Estate, Investments

Mass General Brigham (Enterprise Services)
$300,000.00 - $437,500.00 / yr
United States, Massachusetts, Somerville
399 Revolution Drive (Show on map)
Aug 20, 2026
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. Job Summary Investment Office General Overview Mass General Brigham's 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 MGB's 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 MGB's Chief Investment Officer and has two primary objectives: 1. Collaborate with MGB's 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. MGB's 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. Qualifications 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 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 * Candidates must be able to work a hybrid schedule from MGB's 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 landscape,counterparties, 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 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-levelexecutives and board members * Excellent relationship management abilities * Bachelor's degree or higher with strong academic credentials Additional Job Details (if applicable) Remote Type Hybrid Work Location 399 Revolution Drive Scheduled Weekly Hours 40 Employee Type Regular Work Shift Day (United States of America) Pay Range $300,000.00 - $437,500.00/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 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. EEO Statement: 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 Veteran's 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 (857)-282-7642. Mass General Brigham Competency Framework At Mass General Brigham, our competency framework defines what effective leadership "looks like" by specifying which behaviors are most critical for successful performance at each job level. The framework is comprised of ten competencies (half People-Focused, half Performance-Focused) and are defined by observable and measurable skills and behaviors that contribute to workplace effectiveness and career success. These competencies are used to evaluate performance, make hiring decisions, identify development needs, mobilize employees across our system, and establish a strong talent pipeline.