Foxfield

What Foxfield does

Foxfield is a Boston, Massachusetts-based private real estate investment and development firm founded in 2015, with roots in predecessor Novaya Real Estate Ventures (founded 2011). The firm focuses on industrial and residential assets along the U.S. East Coast and, since 2022, has expanded into select office product, deploying more than $1.6 billion in cumulative acquisitions against an $800 million development pipeline and 8 million square feet under management. Its portfolio includes tenants such as BAE Systems, Qorvo, Barry Callebaut, Barco NV, Souto Foods, and Thalheimer Brothers, often executed through JV partnerships with Park Row Equity Partners, Drake Real Estate Partners, Cresset Development, and Taymil Partners.

The firm operates two principal vehicles: a value-add and development deal business structured around single-asset or programmatic JV partnerships, and the Foxfield Open-End Fund, a stabilized, current-income focused vehicle launched in 2022 that has grown to 17 acquisitions by February 2026. Foxfield serves institutional investors (endowments, foundations, pensions) through a dedicated institutional fundraising channel led by Adam Nelik, and family offices, RIAs, broker-dealers, and high-net-worth individuals through a Private Client Capital channel led by Christopher MacPhee. Revenue mechanics include asset management fees on fund NAV, acquisition and disposition transaction fees, and promoted returns on development exits — exemplified by the February 2026 sale of the Von Karman Creative Campus in Irvine, California for $232.1 million.

Operationally, Foxfield runs a lean team of approximately 30 employees and has invested in third-party technology infrastructure, including Dealpath's AI-powered deal management platform for sourcing and underwriting workflows and Juniper Square for investor relations and LP administration. Leadership continuity from predecessor entities and a credentialed team (MIT MSRED, CFA charterholders, alumni of Taurus and AEW) underpin underwriting and capital formation capabilities.

Name

Foxfield

Legal name

Foxfield LLC

Website

https://foxfieldrealestate.com

Company type

Private

Founded year

2015

Operating status

Operating

Headcount range

11–50 employees

Short description

Foxfield is a Boston-based private real estate investment and development firm specializing in East Coast industrial, residential, and office properties, serving institutional investors, family offices, RIAs, and high-net-worth individuals through its Open-End Fund and value-add JV vehicles.

Ownership category

akta.pro rank

Product category

Real Estate Investment Management

NAICS

Other Financial Vehicles (525990), Portfolio Management and Investment Advice (52394), Open-End Investment Funds (525910)

SIC

Investors, Nec (6799), Real Estate Investment Trusts (6798)

akta.pro primary industry

Private Markets Fund of Funds (PE / VC / Private Credit FoF) (FSAHAKAF)

akta.pro secondary industry

Private Equity Buyout Fund-of-Funds (FSANAGAD)

Keywords

• Real estate investment
• Industrial real estate
• Residential real estate
• Value-add development
• Asset management

Headquarters

HQ city

Boston

HQ country

United States

HQ region

North America

Offices3 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure

Revenue model

1. Asset Management Fees: Foxfield earns recurring asset management fees from its Open-End Fund and other investment vehicles, charging institutional investors and private clients a percentage of assets under management.
2. Acquisition and Disposition Fees: The firm earns transaction-based fees on acquisitions and dispositions of properties across its value-add and development deals.
3. Development and Redevelopment Returns: Foxfield generates returns through development and redevelopment projects, adding value via re-tenanting, repositioning, permitting, and new construction, and realizing gains upon disposition or stabilization.

Pricing tiers

Go-to-market motion3 records

Distribution channels3 records

Marketing channels5 records

Core offering

Foxfield is a privately held real estate investment and development firm that acquires, develops, repositions, and manages industrial and residential properties across the U.S. East Coast. It raises capital from institutional and private investors through two principal vehicles: a long-term, current-income focused Open-End Fund for stabilized core-plus assets, and value-add/development single-asset deals and joint ventures for higher-growth projects. The firm also provides in-house property management services across its portfolio.

Product overview

Foxfield is a real estate investment and development company, not a technology product company. Its core offerings consist of investment vehicles (Open-End Fund, value-add and development deals) and property management services. The company operates a portfolio management platform to track industrial and residential properties across the East Coast, along with an investor relations portal. These products are real estate-focused investment and operational tools rather than standalone technology products.

Differentiator

Problem solved

Functional benefit

Brands

• Foxfield Open-End Fund: A long-term, current income vehicle and stabilized open-end fund designed to perform through complete market cycles.

Products and services

• Foxfield Open-End Fund
• Foxfield Value-Add and Development Deals
• Foxfield Property Management Services
• Foxfield Investor Relations Platform

Quantifiable outcome

• 50% acceleration in deal screening time for Foxfield's platform partner Dealpath, which serves 300+ institutional clients including Foxfield
• +4 more outcomes

Named customers6 records

Segments4 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Six partnerships are on record, tiered flagship, minor and core.

• Cresset DevelopmentflagshipStrategic or Co-development PartnerFoxfield's predecessor Novaya Real Estate Ventures entered a joint venture with Cresset Development for the Xmbly project — a 1.5 million SF mixed-use development in Somerville, MA. The $600-700M development includes 814,000 SF of office/R&D, 489 residential units, and 21,000 SF of retail across five new buildings and one renovation, located adjacent to Assembly Row on a 9.4-acre parcel.
• Essential Housing Asset Management (Lennar Affiliate)minorStrategic or Co-development PartnerEssential Housing Asset Management, a Lennar affiliate, partnered with TPG Angelo Gordon to acquire the Von Karman Creative Campus for conversion to 400+ residential homes (detached houses, townhomes, stacked flats). This deal is notable as a residential conversion of a former Foxfield asset.
• DealpathcoreTechnology or IntegrationFoxfield uses Dealpath's AI-powered real estate investment operating system for deal sourcing, screening, and portfolio management. Dealpath added Foxfield as a client in 2025 as part of its expansion to over 300 institutional clients including Blackstone, Nuveen, CBRE IM, LaSalle, and MetLife. Dealpath reports 50% acceleration in deal screening time for its users.
• Souto Foods LLCminorOthersSouto Foods LLC is a major tenant at Foxfield's Sugarloaf Logistics Hub in Lawrenceville, GA, occupying a $28 million expanded facility that will create 70 new jobs in Gwinnett County. Foxfield celebrated the ribbon cutting for this tenant's expanded operations.
• Barco NVminorOthersBarco NV (Euronext: BAR), a leading digital projection and imaging technology provider, executed a 6-year absolute net leaseback at 3059 Premiere Parkway in Duluth, GA — Foxfield's Open-End Fund's first Atlanta market acquisition. Barco has occupied this facility as its US headquarters since 1997.
• Thalheimer Brothers LLCminorOthersThalheimer Brothers LLC, a metals processor and recycler, entered a 20-year sale-leaseback with Foxfield at 700 E Godfrey Avenue in Philadelphia, PA. The 360,800 SF, nine-building complex on 14.3 acres has been Thalheimer's headquarters for over 50 years.

Scale indicators6 records

Recent moves7 records

Expansion highlights6 records

Direct peers

• STAG Industrial: Public industrial REIT focused on single-tenant Class B industrial properties across the U.S. Co-founder Jeffrey Harper transacted at STAG before founding Foxfield's predecessor, and Foxfield pursues a closely comparable East Coast industrial acquisition and value-add strategy.
• Croatan Investment Council: Institutional capital raiser for multifamily and select industrial strategies. Head of Institutional Fundraising Adam Nelik previously led Croatan's North American multifamily institutional platform, making it a direct functional peer on the capital-formation side.
• Akelius US: Vertically integrated residential real estate owner-operator with East Coast multifamily exposure. Principal Noam Kleinman previously led Akelius's New England and Texas operations overseeing $1B in acquisitions, making Akelius a direct peer on residential strategy and operations.
• Drake Real Estate Partners: Private real estate investment firm focused on industrial assets. Co-invested with Foxfield on the 814,000 SF Lower Bucks Logistics Hub in PA, operating in the same industrial value-add/develop space on the East Coast.
• Alcion Ventures: Real estate investment manager focused on value-add multifamily and industrial assets. Managing Director Garrett Hatton oversaw Alcion's acquisition and asset management of $2B in real estate before joining Foxfield, and the firms share similar value-add / industrial-residential mandates.
• Park Row Equity Partners: Private equity real estate investment firm focused on multifamily and mixed-use assets. Co-invested with Foxfield on the 402-unit Metropolis at Innsbrook acquisition, operating as a peer and co-sponsor on East Coast residential value-add transactions.
• Terreno Realty Corporation: Public industrial REIT focused on urban infill industrial properties in six major U.S. coastal markets including the East Coast. Comparable to Foxfield's industrial acquisition strategy with an institutional buyer base, though larger and public.

Broad incumbents

• Taurus Investment Holdings: Global real estate investment manager with $40B+ AUM. Multiple Foxfield partners (Theobald, Carbone, Tully, Alden) came from Taurus, and Novaya was originally a Taurus affiliate, making Taurus a direct lineage peer despite its much broader global footprint.
• AEW Capital Management: Institutional real estate investment manager with $80B+ AUM across core, value-add, and debt strategies. Partner Scott Tully was previously a Partner at AEW, and the firm shares Foxfield's institutional LP orientation and diversified U.S. real estate mandate.

Emerging players

• Cresset Development: Boston-area real estate developer. Joint ventured with Novaya on the Xmbly $600-700M mixed-use project in Somerville, MA — a large-scale ground-up development directly comparable to Foxfield's own pipeline plays.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xtwitter.com/foxfieldind
• LinkedInlinkedin.com/company/foxfield
• Instagraminstagram.com/foxfieldindustrial

Revenue estimate

Valuation estimate

Number of profiles

Profiles16 records

Subsidiaries2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Foxfield