Madison International Realty promotes two

Madison International Realty, a provider of venture and equity capital to real estate investors, has promoted Managing Directors Carey Flaherty and Derek Jacobson to co-chief investment officers. Flaherty joined the firm in 2003 while Jacobson came on board a year later.


NEW YORK, March 7, 2017 –Madison International Realty has named Managing Directors Carey Flaherty and Derek Jacobson as Co-Chief Investment Officers, announced Ronald M. Dickerman, Madison Founder and President.

Madison International Realty specializes in acquiring ownership stakes, joint venture, private REIT and listed property shares in prime properties and portfolios in primary markets in the US, UK and Western Europe. The firm also provides joint venture equity to owners, sponsors and investors who are seeking to monetize existing equity positions, restructure balance sheets, or to replace existing capital partners.

Both Flaherty and Jacobson have been integral to all aspects of transaction underwriting, execution and asset management in Madison’s US and European markets. The new title will allow them to expand their roles within the firm, as well as enhance market relationships, Dickerman said.

“I am delighted by the recognition we are affording these two talented executives. They each have spent over a decade with Madison and are keepers of the key measures of our strategy that deliver consistent and differentiated returns in the prime property sector and allow us to serve additive roles with our institutional partners. Given the growth of our business across numerous geographies and strategies, including both private and public markets, it was the appropriate next step to continue the systematic and regimented way Madison approaches sourcing, underwriting, and execution,“ he said.

Flaherty, who joined Madison in 2003, has held numerous positions across the firm’s platform, including oversight of Madison’s global portfolio and asset management function and US investments. Prior to joining Madison, Flaherty served in the real estate investment banking group at Deutsche Bank, where he analyzed real estate private equity investments and structured debt products on behalf of the firm’s managed investment funds and third-party clients.

Jacobson, who joined Madison in 2004, has overseen Madison’s European investment activities as Managing Director, with responsibility for origination, underwriting and execution of transactions for the firm’s managed funds. He has worked on all aspects of financial analysis, property due diligence, and transaction structuring, with specific focus on closed-end funds and equity recapitalizations in Germany, the UK, and Madison’s other non-US markets. Previously, he was a financial analyst in the acquisitions and underwriting group of Taurus Investment Holdings, an international real estate private equity firm.

About Madison International Realty
Madison International Realty ( is a leading liquidity provider to real estate investors worldwide. With approximately $3.1 billion AUM, Madison provides joint venture and preferred equity capital for real estate owners and investors that are looking to de-lever their properties; seek an exit strategy; or where existing sponsors seek to sell a portion of their ownership position. The firm provides equity for recapitalizations, partner buyouts and capital infusions; and acquires joint venture, limited partner and co-investment interests as principals. Madison invests only in secondary transactions and focuses solely on existing properties and portfolios in the U.S., U.K., and Western Europe. Madison has offices in New York, London and Frankfurt, Germany, where the firm operates under the name of Madison Real Estate Beteiligungsgesellschaft mbH.