Needham, MA — Fulcrum Real Estate Partners, a Boston-area commercial real estate investment firm, announced that Rick Putprush, Co-Founder and Principal, is retiring after a four-decade career in the industry.
Putprush’s career has spanned every corner of the commercial real estate landscape—from corporate real estate and land development at Exxon, to REO sales at First National Bank of Boston, asset management at Copley Real Estate Advisors, and investment sales at Grubb & Ellis and Cushman & Wakefield. Over the years, he has been involved in more than $1 billion in transactions and was recognized with the Greater Boston Real Estate Board’s “Investment Sale of the Year” in 2002 for his role in the sale of MetLife’s Boston headquarters at 501 Boylston Street.
In 2014, Putprush partnered with Rob Kirschner to launch Fulcrum Real Estate Partners, bringing their institutional backgrounds to the mid-market investment space. Built on a foundation of creative deal structuring, off-market sourcing, and targeted asset strategies, Fulcrum has become known for identifying and unlocking value in underappreciated assets across New England.
“Creating Fulcrum alongside Rick has been the highlight of my career,” said Kirschner. “His leadership, industry insight, and integrity have shaped the firm’s identity and direction. While I’m sad to see him retire, I’m honored to have been his partner and excited to continue building on the foundation we created together.”
While stepping away from day-to-day responsibilities, Putprush will remain available to the firm in a consulting capacity, continuing to support Fulcrum and its clients as needed.
Reflecting on his career, Putprush said, “I’m immensely proud of what Rob and I built at Fulcrum. We began with a shared philosophy and a hands-on approach that resonated with investors willing to place their trust in two professionals with a clear vision. Their trust has been instrumental in our success, and I’m proud that we were able to exceed expectations across every investment. It’s time for me to step back, but I leave knowing Fulcrum is in excellent hands.”
Fulcrum Real Estate Partners will continue under Kirschner’s leadership, maintaining the firm’s focus on office, industrial, and mixed-use acquisitions and repositionings throughout the region.
