Madison International Names Co-CIOs

Managing directors Carey Flaherty and Derek Jacobson have over a decade of experience in transaction underwriting, execution and asset management.
Carey Flaherty, Madison International Realty
Carey Flaherty, Madison International Realty

New York—Madison International Realty has named managing directors Carey Flaherty and Derek Jacobson as co-chief investment officers.

Both Flaherty and Jacobson have experience in all aspects of transaction underwriting, execution and asset management in Madison’s US and European markets.

Flaherty joined in 2003 and held numerous positions, including oversight of the firm’s global portfolio and asset management function and US investments. Previously, 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.

Derek Jacobson, Madison International Realty
Derek Jacobson, Madison International Realty

Jacobson joined Madison in 2004 and was responsible for the firm’s European investment activities as managing director, with responsibility for origination, underwriting and execution of transactions for the firm’s managed funds. He has experience in 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. Jacobson joined from Taurus Investment Holdings, where he was a financial analyst in the acquisitions and underwriting group.

“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,“ said Ronald Dickerman, Madison founder and president, in prepared remarks.

Image courtesy of Madison International Realty