David R. Masse
Founder and CEO of AAM15
DAVID R. MASSE is the Founder and CEO of AAM15 Management which focuses on investments in hospitality, apartments, and student housing. AAM15 is a vertically integrated company that directly oversees of all the assets within its portfolio. As the CEO and leader of the senior leadership team, David focuses on all facets of the firm’s investment, development and management strategies including new investment initiatives, acquisitions, debt financing, equity raising, and dispositions. The AAM15 direct management platform owns and operates 10 hotels from select service to full service including Marriott’s Courtyard, and Residence Inn brand(s), Intercontinental Hotels Group’s Crowne Plaza, and Hilton’s Embassy Suites, Hilton Garden Inn and DoubleTree brands. AAM15 owns and manages the multifamily and student housing investments. AAM15 also owns and manages the Turner Hill Country Club in Ipswich MA which is a private 18-hole championship golf course with a 40,000+ sq. ft. historical Mansion built in 1903 and is part of the Great Estates in the US.
During the last eighteen years, David has syndicated over $400 million from high net-worth individuals, family offices, and institutional investors for investment in over $1.7 billion of real estate across nearly every segment and asset class. Over the term of his career, David has been involved with over $3.5 billion of real estate transactions. To date, David has completed over 46 CRE investment exits with annualized net IRR’s ranging from a low of 7% to over 50%, with an average weighted IRR in excess of 20%.
Prior to starting AAM15 Management, LLC, David co-founded the Panther Properties Investment Group, a private equity multifamily real estate firm that has owned and self-managed, through its affiliate Panther Properties Management, over $750,000,000 of investments including over 5,000 Class “A” apartment units in the Southeastern United States. At Panther, David developed and managed the firm’s investment plan including acquisition selection, investment underwriting, capital structuring, corporate budgeting, and investor relations.
Before forming Panther, David co-founded Compass Realty Associates, LLC, a private equity real estate firm that owned approximately 2 million square feet of retail, office, and hotel property throughout New England. Compass’s core business had been the development and redevelopment of single tenant NNN retail assets. At Compass, David provided direction and implemented strategic initiatives across all facets of the business including acquisitions, financing, leasing, asset management and dispositions.
Before founding AAM15, Panther, and Compass, David was a Senior Vice President at Boston Private Bank & Trust Company (1996 – 2005), where he managed the Commercial Real Estate Lending Group. David was also a member of the commercial loan approval committee at Boston Private Bank & Trust Company. During his ten years at the Bank, Boston Private expanded assets from $224 million to $4 billion, with organic growth accounting for over half of the increase and the remaining growth attributed to strategic acquisitions. Prior to joining Boston Private Bank & Trust, David held various commercial real estate positions in several Massachusetts commercial banks.
David received his Bachelor of Science degree from Salem State University, his associates degree at North Shore Community College, and completed the Bank of New England Executive Commercial Lending Training Program. David is a board member of the Beth Israel-Lahey Clinic President’s Council, a Member of the Board of the Cabot Theater in Beverly, MA, and formerly a coach for youth sports teams in Georgetown, MA. David Masse’s charitable contributions include North Shore Community College, Salem State University, Lahey Beverly Hospital, Beth Israel-Lahey Burlington, and the Cabot Theater in Beverly. David lives in Ipswich, MA with his fiancé Karen Carr and has two children, Justin and Audrey.