BOSTON (July 1, 2020) – We are pleased to share with you an organizational update regarding leadership succession at TA Realty with the news that James Raisides and Michael Haggerty will be named Managing Partners of the firm effective on July 1, 2020. Concurrently, Founder and Managing Partner, Michael Ruane will become a Senior Advisor to the firm and Tom Landry will be rotating off the Managing Partner team and will be a Partner focused on key client accounts and strategic client initiatives while continuing his membership on TA’s Management Committee. Jim Raisides and Mike Haggerty have been with the firm since 1996 and 1998, respectively, and will continue to be members of the firm’s Investment and Management Committees along with their current roles as Co-Heads of Operations. They will join current Managing Partner, Jim Buckingham, in their new roles. These changes reflect the continuation of the leadership succession plan that was put in place when TA Realty entered into partnership with Mitsubishi Estate in 2015.
TA Realty enjoys a rich heritage with Michael Ruane co-founding the firm in 1982. His vision and insights led the firm for 38 years, establishing it as one of the leading U.S. real estate investment management firms in the world. While the firm has grown to manage, acquire and invest over $30 billion in assets during that time, it has also developed the careers of 25 current partners who have been with the firm for an average of 17 years. We are very proud of this heritage and look forward to the continued growth of the firm and delivering superior risk adjusted returns to our investors.