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Prior to founding The Manzo Company, Mike was a Partner, Senior Vice President and member of the Senior Executive Team at The Beal Companies, the Boston-based real estate investment company. In his role as Partner, he directed the firm’s investment and development activities, focusing on commercial, industrial, life science, healthcare, multi-family real estate development and investment opportunities. As a senior executive and Partner, Mike played an integral part in directing the strategic direction of the Company as well as sourcing deals, reviewing development and investment opportunities, and managing projects. He retains an ownership position in a number of Beal projects.
In his career, Mike has originated, arranged, and managed real estate investments, including, discretionary investment funds, and joint ventures with a broad range of institutional partners, including Mitsui Co. of Japan, Cargill Financial Services, Rockwood Capital, and a Sovereign Wealth Fund of the State of New Mexico. In addition, he has negotiated with and retained J. P. Morgan to seek an institutional joint venture partner for the formation of a Health Care Properties Fund. Through these programs, Mike has directed more than $250 million of equity, with an aggregate property value in excess of $1.75 billion. He directly sourced the investments, structured the financing and joint venture terms, and managed and supervised many of the projects for both day-to-day operations and investment performance.
Mike has had direct investments in a number of operating businesses as well. Manzo and investors were a Boston Metro licensee of Sav-A-Lot stores and opened three successful “limited assortment” food stores. The investment was profitably sold back to Sav-A-Lot.
Mike was also a major investor and active board member for a large Metro Boston regional franchisee for Jiffy Lube Stores. The franchisee developed over 30 stores and sold half of the stores and the operating business to the parent company of Jiffy Lube, Shell Oil, and leased back the remaining stores for a 20-year net lease. This was a very profitable investment and paid dividends for 20 years.
Mike is a former President of the Greater Boston Real Estate Board and a Director and past Secretary of the National Association of Industrial and Office Parks (New England Chapter). He is a Member of the invitation-only American Society of Real Estate Counselors.
Mike received his M.B.A. and a B.S. from The Pennsylvania State University.