NEW YORK CITY—Drew McCourt is taking the reins at MG Properties,the real estate investment and development arm of McCourt Global. Based in New York City, he’ll lead day-to-day real estate activity at the firm as its president.

Specifically, that entails identifying and assessing new investment opportunities, the deployment of capital and the ultimate development of properties. A principal of McCourt Global and the fifth generation of a family in the business since 1893, McCourt will also play a key role in establishing and growing partnership and joint venture opportunities for MG Properties.

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