Real Estate
PR20
04/24/14 |
MG Properties

Drew McCourt Named President of MG Properties, the Real Estate Investment and Development Arm of McCourt Global

McCourt Global today announced that Drew McCourt has been named President of MG Properties. Based in New York City, MG Properties is the real estate investment and development arm of McCourt Global.

Drew, who is a principal of McCourt Global, will lead day-to-day real estate activity at the firm, including the identification and assessment of new investment opportunities, the deployment of capital, and the ultimate development of properties. He will also play a key role in establishing and growing important partnership and joint venture opportunities for the firm. Previously, Drew helped drive business development activity for McCourt Global and helped guide the firm’s philanthropic strategy.

“Drew has played a significant role in the success of McCourt Global’s real estate development business and is the ideal leader to help drive the future success of MG Properties,” said Frank H. McCourt, Jr., chairman and chief executive officer of McCourt Global. “Our firm’s roots reach back to 1893 with the creation of a family construction and road-building business. I am extremely proud to see the fifth generation of McCourts actively involved in growing the business and helping chart the firm’s direction for decades to come.”

Prior to McCourt Global, Drew held numerous positions within the Los Angeles Dodgers organization. Before the sale of the team in 2012, he served as vice president of business development for the organization. Additionally, Drew was actively involved in both the extensive renovations to Dodger Stadium in Los Angeles and creation of the Dodgers’ new Spring Training facility at Camelback Ranch in Glendale, Arizona.

Drew is a member of the Real Estate Board of New York and sits on the Board of ThinkCure!, an innovative not-for-profit focused on raising funds in support of collaborative cancer research. Drew earned an MBA from Stanford Graduate School of Business and a BA from Columbia University.

About MG Properties
MG Properties is the real estate investment and development arm of McCourt Global, a diversified investment company with real estate interests that include a 740,000 square foot, mixed-use development project at 360 Tenth Avenue in New York City; a 1.4 million square foot development project on Waller Creek in Austin, Texas; and approximately 260 acres of land in Chavez Ravine in Los Angeles. MG Properties is based in New York City. Additional information can be found at www.mg.com.

About McCourt Global
McCourt Global is a diversified investment firm focused on creating long-term value through entrepreneurial endeavors, strategic investment, and philanthropy. Founded in 1977 as The McCourt Company by real estate developer and philanthropist Frank H. McCourt, Jr., and renamed McCourt Global in 2012, the firm’s principal business units include: MG Properties, MG Capital, and MG Sports & Media. Additionally, the firm holds the operating rights to the ASICS LA Marathon and champions several important, not-for-profit and education initiatives including ThinkCure!, an innovative not-for-profit providing funding for collaborative cancer research, and the McCourt School of Public Policy at Georgetown University. Prior endeavors include the development of Boston’s Seaport and ownership of the Los Angeles Dodgers. McCourt Global is headquartered in New York City, with offices in Los Angeles. Additional information can be found at www.mg.com.

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