The Grossman Companies

What The Grossman Companies does

The Grossman Companies is a privately held, family-owned real estate investment and services firm headquartered in Quincy, Massachusetts, with secondary operations in Southport, Connecticut through its lending affiliate First Boston Capital Partners. The firm owns and operates an approximately 2.5 million square foot portfolio of more than 40 commercial and residential properties across Southern New England (Massachusetts, Connecticut, Rhode Island, and New Hampshire), spanning retail, office, industrial, self-storage, and residential asset classes. Its core activities are value-add acquisitions of $2M-$25M capitalization properties, ground-up development via joint ventures, and asset repositioning of underleased or distressed assets sourced off-market.

The company operates four integrated service lines: (1) Acquisitions — direct equity investment targeting 10-20% minimum returns over 3-20+ year holds with 60-75% LTV leverage; (2) Private Lending via First Boston Capital Partners — short-term bridge loans of $200,000-$15 million at 12-14% interest with 2-3% origination fees for builders, developers, and investors, with closings as fast as five days; (3) Property Management — 24/7 operations support offered both internally and to third-party Southern New England landlord clients; and (4) Commercial Brokerage — leasing and sales representation for retail, office, industrial, and multifamily properties with over 35 years of trading history. Underwriting, asset management, and lending decisions are supported by lender and brokerage relationships including Brookline Bank, Cambridge Savings Bank, HarborOne Bank, and CBRE.

The company is now in its fifth generation of family operation, with Louis J. Grossman as Chairman and his sons Jacob M. Grossman and David B. Grossman serving as President and President of First Boston Capital Partners respectively. Revenue is generated through rental income, property appreciation, interest and origination fees on private loans, brokerage commissions, and third-party property management fees; the firm does not disclose revenue figures publicly. No AI/ML capabilities, external API, or institutional capital backing are present in the source material — operations are relationship-driven and rely on the family's regional reputation and multi-decade lender/tenant relationships.

Name

The Grossman Companies

Legal name

The Grossman Companies, Inc.

Website

https://grossmanco.com

Company type

Private

Founded year

1980

Operating status

Operating

Headcount range

1–10 employees

Short description

The Grossman Companies is a family-owned Quincy, MA-based real estate investment firm that owns and manages an approximately 2.5 million square foot portfolio of 40+ commercial and residential properties across Southern New England, and operates private lending (First Boston Capital Partners), brokerage, and property management services for middle-market investors, builders, developers, tenants, and landlords.

Ownership category

akta.pro rank

Product category

Commercial Real Estate Investment and Services

NAICS

Offices of Real Estate Agents and Brokers (53121), Lessors of Nonresidential Buildings (except Miniwarehouses) (531120), Real Estate Property Managers (53131), Lessors of Miniwarehouses and Self-Storage Units (53113)

SIC

Real Estate Agents & Managers (For Others) (6531), Lessors Of Real Property, Nec (6519), Real Estate Dealers (For Their Own Account) (6532)

akta.pro primary industry

Commercial Real Estate Brokerage (Leasing & Sales) (FSAEAJAB)

akta.pro secondary industries

Tenant Representation & Corporate Services Brokerage (BPAJABAJ), Manufacturing & Heavy Industrial Facilities Brokerage (BPAJACAB), Self-Storage Property Management (BPAJAGAM)

Keywords

• Commercial real estate investment
• Private bridge lending
• Property management services
• Commercial real estate brokerage
• Real estate acquisitions

Headquarters

HQ city

Quincy

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Real Estate Investment Returns: Returns generated through appreciation, rental income, and value-add repositioning of commercial and residential properties across Southern New England
2. Private Lending Interest: Short-term bridge loans ($200,000 to $15 million) for acquisitions, ground-up construction, and renovations at 12-14% interest rates with 2-3% origination fees
3. Brokerage Commissions: Commercial real estate brokerage services including leasing and sales for retail, office, industrial and multifamily properties throughout Southern New England
4. Property Management Fees: Property management services for portfolio properties and third-party landlord clients including day-to-day operations, maintenance, and tenant services

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels5 records

Core offering

The Grossman Companies is a family-owned real estate investment and management firm that owns and operates an approximately 2.5 million square foot portfolio of commercial and residential properties across New England. The firm invests in retail, office, industrial, residential, land and self-storage assets, while providing short-term private bridge loans through its affiliate First Boston Capital Partners, commercial leasing and sales brokerage, and third-party property management services.

Product overview

The Grossman Companies is a unified real estate investment and services platform offering four interconnected service modules. The parent company provides the core acquisition and investment platform, while its affiliate First Boston Capital Partners delivers private lending solutions for borrowers seeking alternatives to conventional bank loans. Property Management handles day-to-day operations for portfolio and third-party properties, and Brokerage Services provide commercial real estate leasing and sales expertise. The company manages approximately 2.5 million square feet across commercial and residential properties in New England, combining direct property ownership with lending operations to serve builders, developers, investors, tenants, and landlords.

Differentiator

Problem solved

Functional benefit

Quantifiable outcome

• Portfolio grew from 1 million to 2.5 million square feet during 2014
• +7 more outcomes

Named customers17 records

Segments5 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Nine partnerships are on record, tiered minor and core.

• Atlantic Retail PropertiesminorChannel Partner/ Reseller/ Distributor · 1 June 2015Handling leasing for Marketplace Center in Warwick, RI, the property acquired through May 2015 transaction.
• Storage Asset ManagementminorImplementation/ SI/ Consulting Partner · 1 March 2015Third-party self-storage management company engaged to manage Roslindale Self Storage property. Storage Asset Management manages over 25,000 units on the East Coast.
• Waypoint CompaniescoreStrategic or Co-development Partner · 1 January 2015Joint venture for $26 million, 80-unit apartment complex development at 61-89 Braintree Street in Boston's Allston neighborhood. Waypoint brings 30 years of Boston development/redevelopment experience, particularly in permitting and complicated construction projects.
• Extra Space Storage (NYSE: EXR)minorOthers · 1 January 2015Publicly traded REIT that took over facility management for McClellan Highway self-storage property upon construction completion in early 2005.
• CBREminorChannel Partner/ Reseller/ Distributor · 1 September 2014CBRE's Institutional/Capital Markets Groups participated as brokers in Columbus Plaza acquisition transaction. Exclusive leasing agent Robert Gibson, Jr. handles 210 Grove Street industrial property.
• Calare PropertiescoreStrategic or Co-development Partner · 1 April 2014Joint venture partner for industrial property acquisitions. Formed JV to acquire 165,000 SF industrial building at 210 Grove Street in Franklin, MA. Calare provides industrial market expertise, especially in the Franklin-Mansfield region, while Grossman contributes value-add property repositioning capabilities.
• George MorrillcoreOthers · 1 April 2013Veteran real estate lender joined to grow First Boston Capital Partners' real estate loan portfolio. Focuses on originating new lending opportunities and asset management.
• Dinosaur Capital PartnersminorStrategic or Co-development Partner · 1 June 2011Joint venture partner for Guitar Center retail property acquisition. Retail condominium acquired vacant for $4.05 million through opportunistic sourcing following Borders Bookstore bankruptcy.
• Saletin Real Estate GroupcoreStrategic or Co-development Partner · 1 January 2001Joint venture partner for Seekonk Towne Center acquisition and repositioning. Partnership acquired vacant former K-Mart leasehold interest and repositioned with anchor tenants including PriceRite, Santander Bank, U.S. Post Office, Ann & Hope Garden Center, Planet Fitness, Dunkin' Donuts and Monster Golf.

Scale indicators12 records

Recent moves8 records

Expansion highlights6 records

Direct peers

• Calare Properties: Calare Properties is a Hudson, MA-based real estate investment firm specializing in industrial and commercial properties across Southern New England, with a similar value-add repositioning approach. Calare has directly transacted with The Grossman Companies multiple times, including a JV acquisition of the 210 Grove Street industrial property and prior 225,000 SF Mansfield sale.
• Waypoint Companies: Waypoint Companies is a Boston-area real estate development firm specializing in multifamily and mixed-use projects, particularly in permitting-constrained urban infill sites. Waypoint is Grossman's JV partner on the $26M, 80-unit Allston apartment complex and brings comparable Boston development expertise.
• Samuels & Associates: Samuels & Associates is a Boston-based commercial real estate investment and management firm active in retail, office, and mixed-use properties across New England. Grossman's CFO Susan Healey spent 15 years as assistant controller at Samuels, providing a direct operational peer benchmark for vertically integrated Boston CRE firms.
• Crosspoint Associates: Crosspoint Associates is a Boston-area real estate investment manager overseeing a multi-million square foot portfolio of retail, office, and mixed-use properties. Grossman's asset management lead Paul Dawson previously co-managed a 2 million sq ft portfolio at Crosspoint, making it a directly comparable middle-market New England operating platform.
• BayNorth Capital: BayNorth Capital is a Boston-based middle-market real estate investment firm focused on value-add retail, office, and industrial properties in the Eastern U.S. Grossman's President Jacob Grossman previously worked in acquisitions and asset management at BayNorth, making it a directly comparable middle-market value-add operator.
• The Bulfinch Companies: The Bulfinch Companies is a Needham, MA-based real estate investment and development firm operating across multifamily, mixed-use, life science, and commercial properties in Greater Boston and the Northeast. Bulfinch provides a directly comparable vertically integrated New England investment, management, and development platform.
• National Development: National Development is a Newton, MA-based real estate investment and development firm active in residential, mixed-use, retail, and commercial properties across New England. The firm provides a comparable vertically integrated New England investment and management platform of similar scale and asset diversification.

Regional players

• Atlantic Retail Properties: Atlantic Retail Properties is a New England-focused retail leasing and investment sales brokerage that handles leasing for Grossman's Marketplace Center property in Warwick, RI. Atlantic Retail operates in the same regional New England retail brokerage niche as Grossman's in-house brokerage team.

Broad incumbents

• CBRE Group: CBRE Group is the world's largest commercial real estate services firm, providing brokerage, property management, valuation, and capital markets services globally. CBRE's Institutional/Capital Markets Group has directly participated as brokers on Grossman acquisitions, and CBRE/NE handles leasing at the 210 Grove Street JV property.
• Cushman & Wakefield: Cushman & Wakefield is a global commercial real estate services firm providing brokerage, valuation, and asset services across all major property types. Grossman's President Jacob Grossman previously worked in Cushman & Wakefield's Capital Markets Group, and the firm represents the type of global platform Grossman competes against in middle-market brokerage engagements.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/First-Boston-Capital-Partners-400977466715864
• LinkedInlinkedin.com/company/first-boston-capital-partners

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 records

Subsidiaries1 record

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 The Grossman Companies