Maureen Joyce is Managing Director and Head of U.S. Real Estate Equity Asset Management for Barings Real Estate, the real estate platform of global investment manager and MassMutual subsidiary Barings ($347+ billion AUM). Maureen is responsible for the investment performance and strategic direction of all real estate equity assets across all U.S. mandates and serves on the Barings Real Estate U.S. Private Equity Investment Committee. Prior to joining the firm in 2021, Maureen served as the Head of Asset Management & Separate Accounts at AEW, where she was responsible for asset management, financial reporting and accounting as well as the firm’s Separate Account business. She also served on the Investment and Risk Management Committees and led AEW’s ESG+R efforts as co-chair of the ESG+R Steering Committee, a topic which we dig into in the podcast. Prior to AEW, Maureen worked in real estate equity at CBRE Investors, Spaulding & Slye, and Copley Real Estate Advisors, gaining experience in a variety of roles since entering the industry in 1986. Maureen holds a B.A. in Economics from Trinity College and an M.B.A. from Boston College Carroll School of Management. She is active in a variety of professional associations, including Urban Land Institute’s (ULI) Technology Product Council; Women’s Leadership Advisory (WLI) Board; National Association for Industrial and Office Parks; and National Association of Real Estate Investment Managers (NAREIM).
Our conversation with Maureen starts with her graduation from Trinity, upon which she took an accounting role in the TV business despite having no formal training. As became a hallmark of her career, she learned on the fly and quickly made the jump into commercial real estate, serving a variety of roles at Copley Real Estate Advisors, an experience she credits with her exceptional well-roundedness and in retrospect, a crash course in the shifting institutional investing world. Copley was pioneering the investment of third party pension fund capital into real estate, a shift in the market for which she had a front row seat, and soon enough, a leading role. It is hard to imagine a day when pension fund capital did not dominate the CRE markets, and Maureen’s perspective on how this market evolved will be a history lesson for many of our listeners. Maureen is without a doubt one of Boston’s leading real estate figures, but her reach, influence and of course, her portfolio, go far beyond the Northeast. We look forward to having Maureen and her team back for additional episodes, as we just scratched the surface with one of the market’s most respected institutions.
For more information on Barings please visit www.barings.com
IMPORTANT: At the end of the episode, we remember our friend, teammate and American hero, U.S. Navy SEAL Michael T. Ernst, who was tragically lost in a training accident on February 19th, 2023. Please consider supporting Ernie’s wife and children through the fund linked here, administered by the Navy SEALs Foundation- it is the least we can all do to honor this ultimate sacrifice. https://impact.navysealfoundation.org/give/469518/#!/donation/checkout
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