Novaya

What Novaya does

Novaya is presented in the firmographics as a Boston-based private real estate investment firm founded in 2011 with 11–50 employees; the underlying operational data describes Foxfield LLC, an opportunistic real estate investment manager. The discrepancy between firmographic and block-level founding dates (2011 vs. 2017) is unresolved in the source material. Foxfield pursues undervalued real estate across industrial, residential (multi-family), and office asset classes, with stated emphasis on a "margin of safety" that controls downside risk and produces asymmetric returns for investors. Core products include the Current Holdings and Prior Portfolio Properties investment portfolios, the Foxfield Open-End Fund (the primary investment vehicle, with 17 acquisitions to date), property management services, and a tenant portal. The firm reports cumulative acquisitions of $1.5 billion, an $800 million development pipeline, and 8 million square feet of assets under management, and operates offices in Boston (headquarters, 265 Franklin Street), Atlanta (75 14th Street NE), and Philadelphia (1900 Market Street). Leadership consists of Managing Partner Jeffrey Theobald and Principals Peter Carbone III and Scott Tully.

The business model centers on acquiring and managing income-producing real estate on behalf of institutional and private investors, retaining an in-house property management operation, and redeploying capital opportunistically. Revenue mechanics are not publicly disclosed; the firm uses a private investor portal (investors.foxfieldrealestate.com) and direct investor relations contact for fundraising and LP communication. Go-to-market is relationship-driven rather than marketing-led, with the company website's news section functioning as the primary outbound channel. The only disclosed capital event is a $3.75 million raise in July 2019, and the firm's most recent strategic events include a December 2025 office acquisition at Cabot Business Park (5 & 15 Hampshire Street), the October 2025 sale of 50 Broadway in Beverly, MA — originally acquired in 2021 in partnership with Taymil Partners LLC — and a February 2026 acquisition of a Class A shallow-bay industrial/lab/R&D facility at 3503 Page Road in Morrisville, NC. No AI/ML, technology platform, or proprietary software capabilities are referenced.

Name

Novaya

Legal name

Foxfield LLC

Website

https://novayaventures.com

Company type

Private

Founded year

2017

Operating status

Operating

Headcount range

11–50 employees

Short description

Novaya (operating as Foxfield LLC) is a Boston-based opportunistic real estate investment firm that acquires and manages industrial, residential, and office properties on behalf of institutional and private investors via the Foxfield Open-End Fund.

Ownership category

akta.pro rank

Product category

Real Estate Investment

NAICS

Portfolio Management and Investment Advice (52394), Offices of Real Estate Agents and Brokers (5312)

SIC

Real Estate Dealers (For Their Own Account) (6532), Investors, Nec (6799), Operators Of Nonresidential Buildings (6512)

akta.pro primary industry

Real Estate Investment Sales (Income-Producing Properties) (FSAEAJAC)

Keywords

• Real estate investment
• Property management
• Industrial properties
• Multi-family residential
• Commercial real estate

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

Distribution channels2 records

Marketing channels1 record

Core offering

Novaya is a Boston-based opportunistic real estate investment firm that acquires, develops, and manages commercial and residential properties, primarily industrial assets and multi-family apartment communities. The firm operates through the Foxfield Open-End Fund, executing value-add acquisitions with a focus on properties with unrealized potential, while also providing property management services to tenants of owned assets.

Product overview

Foxfield is a real estate investment and management company operating as a single unified platform focused on opportunistic real estate investing. The company manages a portfolio of current holdings across industrial and residential sectors, with assets under management of 8 million square feet, $1.5 billion in acquisitions, and $800 million development pipeline. Key offerings include the Current Holdings Portfolio and Prior Portfolio Properties for investment tracking, Property Management services, and a Tenant Portal for tenant relations. The Foxfield Open-End Fund is the primary investment vehicle used for property acquisitions.

Differentiator

Problem solved

Functional benefit

Products and services

• Current Holdings Portfolio

Quantifiable outcome

• $1.5 billion in acquisitions
• +2 more outcomes

Segments3 records

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

One partnership is on record.

• Taymil Partners LLCminorStrategic or Co-development Partner · 1 January 2021Partnership in acquiring the Beverly Residential Portfolio. Originally acquired 50 Broadway in 2021 in partnership with Taymil Partners LLC. The portfolio represents a thoughtfully assembled collection of residential assets.

Scale indicators3 records

Recent moves5 records

Expansion highlights5 records

Direct peers

• AEW Capital Management: Boston-anchored institutional real estate investment manager running core, core-plus and value-add strategies across industrial, multifamily and office, mirroring Foxfield's opportunistic, multi-sector mandate and East Coast office presence.
• Crow Holdings Capital: Dallas-based opportunistic real estate investment manager running multi-strategy funds that acquire, develop and operate industrial, multifamily and office — directly comparable to Foxfield's opportunistic, multi-product investment platform.
• Harrison Street: Alternative real assets manager with thematic investment vehicles across real estate sectors — comparable to Foxfield in deploying focused, sector-specific real estate funds and operating an institutional investor platform.
• Rexford Industrial Realty: Public industrial REIT focused on Class A infill industrial in Southern California — a relevant peer given Foxfield's industrial / lab-support acquisition thesis near airports and transportation hubs.
• GreenOak Real Estate (Bentall Kennedy): Globally focused opportunistic real estate investment manager operating across the Americas, Europe and Asia — a comparable opportunistic investment firm in the same product category as the Foxfield Open-End Fund.
• Westbrook Partners: Opportunistic value-add real estate investment firm focused on acquiring properties with unrealized potential across major US markets — closely aligned with Foxfield's 'margin of safety' opportunistic approach.
• Terreno Realty: Public REIT acquiring industrial properties in major US coastal markets — a comparable industrial-focused acquirer and operator to Foxfield's industrial strategy.

Broad incumbents

• Eastdil Secured: Institutional real estate investment bank and advisor focused on income-producing and transactional real estate — adjacent to Foxfield's transactional, income-property focus across institutional-grade assets.
• Bain Capital Real Estate: Real estate arm of Bain Capital investing across opportunistic and value-add strategies; a larger incumbent in the same investment category and broadly comparable LP base.
• CBRE Investment Management: Large institutional real estate investment manager covering core through opportunistic strategies globally; comparable to Foxfield's institutional LP focus at greater scale.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat3 records

Key risks4 records

Key highlights5 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Funding overview

Funding rounds1 record

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 Novaya