News: Front Section
Posted: April 5, 2024
McDonough named chief investment officer at Marcus Partners
Boston, MA According to Marcus Partners, Ryan McDonough has been named the firm’s chief investment officer. McDonough will lead the firm’s acquisition team in driving forward investment strategy and be deeply involved with portfolio construction.
“Ryan’s expertise and relationships have unlocked numerous opportunities for our investors since arriving here in 2017,” said company founder and CEO Paul Marcus. “As we navigate the volatility in today’s investment environment, we are quite confident in his ability to steer our acquisition team.”
Since joining Marcus Partners, McDonough has led the firm’s investment efforts in Metro Boston and has been critical in the firm’s success in the industrial and multifamily asset classes.
Bill McAvoy, who has been with the firm for nearly 20 years and previously served as Co-CIO with McDonough, will continue as managing director, investments focusing on new acquisitions, with a particular focus on Metro New York.
In 2023, the firm divested $335 million of industrial and multifamily assets across five separate transactions, returning a significant amount of capital to its investors. The firm is currently investing Fund IV, a $650 million value-add investment vehicle with the ability to invest across asset classes and the full capital stack, providing flexibility to evolve its strategy and create value across economic cycles.
“I enjoy being a part of this deeply talented team at Marcus Partners and am particularly proud of the way we’ve been able to deliver results for our investors amidst a volatile investment period,” said McDonough. “Going forward, I’m excited by the opportunity set before us and am confident in our team’s ability to unlock compelling real estate investment opportunities along the East Coast.”
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