New Boston Fund
- Company typePrivate
- Founded1993
- HeadquartersBoston, United States
- Headcount51–100
- GTM typeB2B
- OfferingServices
New Boston Fund firmographics
Firmographics- Name
- New Boston Fund
- Legal name
- New Boston Fund, Inc.
- Website
- https://newbostonfund.com
- Company type
- Private
- Founded year
- 1993
- Operating status
- Operating
- Headcount range
- 51–100 employees
- Ownership category
- akta.pro rank
New Boston Fund industry classification
Industry- Product category
- Real Estate Investment Management
- NAICS
- Other Investment Pools and Funds (5259)
- SIC
- Real Estate Dealers (For Their Own Account) (6532)
- akta.pro primary industry
- Real Estate Funds — Value-Add (FSANAEAH)
Keywords
Where New Boston Fund is headquartered
LocationHeadquarters
- HQ city
- Boston
- HQ country
- United States
- HQ region
- North America
Offices2 records
Markets served
New Boston Fund business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Marketing or Sales, Supply Chain, Others
Revenue model
- Investment Management Fees: Earns management fees from managing eight closed-end value added commingled real estate investment funds for high-net-worth and institutional investors. Funds have raised equity from investors and invest in real estate development and acquisition projects.
- Development Fees and Promote Income: Generates fees from development and construction management services for its own projects and joint ventures with community development organizations. Also earns promote/incentive fees from successful project exits.
- Co-Investment Returns: New Boston's principals co-invest alongside institutional investors in fund investments, generating returns on their own capital through successful real estate investments.
Go-to-market motion1 record
Distribution channels3 records
Marketing channels3 records
New Boston Fund product offering
Product offeringCore offering
New Boston Fund is a vertically-integrated real estate investment management firm that raises capital from high-net-worth individuals and institutional investors through closed-end value-add commingled real estate funds. The firm sponsors funds that acquire, develop, reposition, and operate mixed-income housing, Class A office, and mixed-use real estate projects across the US. It also provides in-house development and construction management services covering design, permitting, leasing, and long-term operations for its own projects and joint ventures with community development organizations.
Product overview
New Boston Fund operates as a vertically-integrated real estate investment management firm offering a comprehensive platform of services including investment management, development and construction management, and fund management. The company's core products include Mixed-Income Acquisition and Development Funds (eight closed-end value-add commingled funds), supplemented by direct development projects such as Olmsted Green, Olmsted Village, One Greenway (Parcel 24), and One Brigham Circle. The portfolio encompasses diverse property types including mixed-income rental housing, homeownership developments, Class A office properties, and mixed-use projects across Boston, Miami, Charlotte, and other markets. The company partners with community development organizations on public-private partnership developments focused on affordable and workforce housing.
Differentiator
Problem solved
Functional benefit
Products and services
- Real Estate Investment Management Vertically-integrated real estate investment management service that controls risks and returns for investors through in-house and third-party outsourced capabilities across the full investment and development cycle: acquisition, due diligence, design, permitting, construction management, leasing, sales, and long-term operations. Offered to institutional investors, high-net-worth individuals, and family offices.
- Development & Construction Management Full-service development and construction management covering design, permitting, construction management, leasing, sales, and long-term operations. Delivered for New Boston Fund's own fund-sponsored projects and for joint-venture partners such as community development corporations and public entities.
- Mixed-Income Acquisition and Development Funds Sponsored series of closed-end value-added commingled real estate investment funds focused on mixed-income housing acquisition and development across the Northeast, Mid-Atlantic, and Southeast US. Eight funds have been raised since 1993 totaling over $1.2 billion in equity, with cumulative property value of more than $3.5 billion. Funds include value-add office and apartment funds, triple-bottom-line development funds, and direct investments.
Quantifiable outcome
- More than $3.5 billion in cumulative property value through 160+ properties
- +3 more outcomes
Companies that use New Boston Fund
Customer profileNamed customers9 records
Segments4 records
Ideal customer profiles4 records
New Boston Fund technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature1 record
New Boston Fund partnerships and signals
Strategic signalPartnerships
Ten partnerships are on record, tiered core, major and minor.
- Asian Community Development Corporation (ACDC)coreJoint venture partner for One Greenway (Parcel 24) development - a 362-unit mixed-use residential project in Boston's Chinatown. ACDC led the neighborhood effort to have the site returned to the community. New Boston and ACDC formed Parcel 24, LLC and won the designation from the Massachusetts Turnpike Authority in April 2006.
- Boston CommunitiescoreBoston Communities is a Boston-based, minority-owned real estate development firm specializing in creating deeply sustainable, mixed-income housing. Their commitment to inclusivity and innovation aligns with New Boston Fund's values. The partnership focuses on community-focused developments that bring meaningful change to underserved neighborhoods.
- Lena Park Community Development CorporationcoreJV partner for Olmsted Green and Olmsted Village developments - the largest non-institutional development in the Mission Hill neighborhood, comprising approximately 750 units of mixed-income rental and home-ownership housing. Lena Park CDC is one of Boston's oldest African American community development corporations.
- 2Life CommunitiescorePartnership for Olmsted Village development, which will become an approximately 275 unit, 10-acre, transit-oriented, mixed-income housing community for diverse homeowners, senior renters, and foster families abutting Franklin Park.
- Mission Hill Neighborhood Housing AssociationcorePublic/private joint venture partner for One Brigham Circle development. The community development company was essential to the project occurring at its location. The development created a 200,000 SF office/retail project adjacent to Boston's Longwood Medical Area.
- NDC Development AssociatesmajorJoint venture partner with Mission Hill MHS and New Boston for the One Brigham Circle development. The innovative public/private joint venture was essential to the project's success.
- AmadeusminorMajor technology tenant at One Park Square at Doral - signed a 10-year lease taking 37% of the 281,785 SF building, bringing percent leased at closing to 48%.
- HusqvarnaminorNorth American headquarters tenant at Harris Corners Corporate Park in Charlotte, NC - a 361,144 SF Class A office portfolio.
- Carrier CorporationminorTenant at Harris Corners Corporate Park in Charlotte, NC - one of the dominant Class A office assets in the submarket.
- Bank of AmericaminorTenant at Harris Corners Corporate Park in Charlotte, NC - part of a strong roster of credit tenants at the property.
Scale indicators10 records
Recent moves9 records
Expansion highlights4 records
New Boston Fund competitors and assessment
Company assessmentDirect peers
- Harrison Street Capital: Real estate alternatives investment manager raising closed-end funds from institutional and high-net-worth investors across multiple real estate themes. Comparable as a multi-fund, principal-investing real estate manager with a similar LP base.
- WinnCompanies: Boston-based vertically-integrated real estate developer, owner, and manager of multifamily and mixed-income housing. Comparable in Northeast geographic focus, mixed-income strategy, and integrated development/management platform.
- Boston Financial Investment Management: Boston-based real estate investment manager specializing in affordable housing through LIHTC fund syndication. Comparable as a Boston-affiliated real estate fund manager serving institutional LPs in the affordable housing space.
- Beacon Communities: Developer and manager of affordable, mixed-income, and mixed-use residential real estate. Directly comparable in the affordable/mixed-income housing niche, with similar use of public-private partnerships and LIHTC financing.
- NHP Foundation: National nonprofit owner, developer, and manager of affordable and mixed-income multifamily housing. Comparable in mission-driven, mixed-income development partnerships with community organizations.
- The Community Builders: Nonprofit real estate developer and owner of affordable and mixed-income housing across multiple US markets. Directly comparable to New Boston's mixed-income, public-private partnership development model with community development organizations.
Broad incumbents
- AEW Capital Management: Established real estate investment manager with multiple value-add and core-plus commingled funds serving institutional investors. Comparable as a multi-fund, value-add real estate investment manager, though with broader product range and global mandate.
- The RMR Group: Public real estate management firm providing investment management, property management, and development services. Comparable in providing a vertically-integrated real estate platform, though at much larger scale and across REITs and managed funds.
Regional players
- Samuels & Associates: Boston-based real estate development and investment firm focused on mixed-use, life-science, and residential projects. Comparable as a Boston-centric, mixed-use developer partnering on complex urban infill projects.
- Bulfinch Companies: Boston-area commercial real estate investment, development, and management firm. Comparable as a long-standing, Boston-rooted real estate investment and development operator, though with a more office-focused portfolio.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat4 records
Key risks5 records
Key highlights6 records
Customer concentration
New Boston Fund social profiles
Digital presenceNew Boston Fund financial estimates
Financial estimateRevenue estimate
Valuation estimate
New Boston Fund leadership team
Management profileNumber of profiles
Profiles4 records
New Boston Fund subsidiaries and ownership
Company hierarchySubsidiaries1 record
New Boston Fund funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
New Boston Fund M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about New Boston Fund
What does New Boston Fund do?
New Boston Fund is a vertically-integrated real estate investment management firm that raises capital from high-net-worth individuals and institutional investors through closed-end value-add commingled real estate funds. The firm sponsors funds that acquire, develop, reposition, and operate mixed-income housing, Class A office, and mixed-use real estate projects across the US. It also provides in-house development and construction management services covering design, permitting, leasing, and long-term operations for its own projects and joint ventures with community development organizations.
Is New Boston Fund a public or private company?
New Boston Fund is a private company. It is classified as family owned and is currently operating.
When was New Boston Fund founded?
New Boston Fund was founded in 1993. It employs 51 to 100 people.
Where is New Boston Fund based?
New Boston Fund is headquartered in Boston, United States, in the North America region.
How does New Boston Fund make money?
Three revenue lines are on record. Investment Management Fees are the primary driver. The others are development Fees and Promote Income and co-Investment Returns.
Who are New Boston Fund's main competitors?
Direct peers on record are Harrison Street Capital, WinnCompanies, Boston Financial Investment Management, Beacon Communities, NHP Foundation and The Community Builders. Broad incumbents are AEW Capital Management and The RMR Group. Regional players are Samuels & Associates and Bulfinch Companies.
Does New Boston Fund have an API?
No public API is recorded for New Boston Fund.
What industry is New Boston Fund in?
New Boston Fund's product category is Real Estate Investment Management. Its primary akta.pro industry code is FSANAEAH, Real Estate Funds — Value-Add. Its NAICS code is 5259 and its SIC code is 6532.