Charter Realty & Development
- Company typePrivate
- Founded1989
- HeadquartersWestport, United States
- Headcount11–50
- GTM typeB2B
- OfferingServices
Charter Realty & Development firmographics
Firmographics- Name
- Charter Realty & Development
- Legal name
- Charter Realty & Development
- Website
- https://charterrealty.com
- Company type
- Private
- Founded year
- 1989
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Ownership category
- akta.pro rank
Charter Realty & Development industry classification
Industry- Product category
- Commercial Real Estate Brokerage
- NAICS
- Offices of Real Estate Agents and Brokers (5312)
- SIC
- Real Estate Agents & Managers (For Others) (6531)
- akta.pro primary industry
- Tenant Representation & Corporate Services Brokerage (BPAJABAJ)
- akta.pro secondary industries
- Commercial Real Estate Brokerage (Leasing & Sales) (FSAEAJAB), Capital Markets Advisory (Equity Placement, JV & Recapitalization) (BPAJABAL)
Keywords
Where Charter Realty & Development is headquartered
LocationHeadquarters
- HQ city
- Westport
- HQ country
- United States
- HQ region
- North America
Offices5 records
Markets served
Charter Realty & Development business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Marketing or Sales, Others
Revenue model
- Landlord Representation Services: Charter Realty earns commissions by representing landlords in leasing their commercial properties. The company maintains a leasing portfolio exceeding 8 million square feet and has successfully executed leasing agreements with virtually every major US retailer.
- Tenant Representation Services: The company represents dozens of national and local retailers, securing locations to facilitate their growth and long-term success. They consistently rank among the most active brokerage firms in the Northeast, securing leases on behalf of tenants for over a million square feet annually.
- Investment Sales: Charter Realty manages an industry-leading national net lease retail and investment sales platform. They provide transactional services to developers, private and institutional owners, and franchisees, specializing in the sale of single-tenant properties and shopping centers across the US.
Go-to-market motion2 records
Distribution channels3 records
Marketing channels4 records
Charter Realty & Development product offering
Product offeringCore offering
Charter Realty & Development is a full-service commercial real estate brokerage firm specializing in retail property leasing strategies for landlord representation, tenant representation, national rollouts, and national investment sales. The company operates a vertically integrated platform that combines brokerage services with property ownership through its parent/affiliate Zelco Properties and Development, serving national retailers, institutional landlords, and real estate investors across the United States.
Product overview
Charter Realty & Development is a full-service commercial real estate brokerage company that provides real estate services including tenant representation, landlord representation, investment sales, and specialty property services (tech campuses, college mixed-use developments, and stadium mixed-use projects). The company operates through its holding company Zelco Properties and Development and serves clients across multiple states in the Northeast and other regions.
Differentiator
Problem solved
Functional benefit
Products and services
- Tenant Representation
- Landlord Representation
- Investment Sales
- Specialty Properties
Quantifiable outcome
- 8.5 million+ square feet of properties managed across 11 states
- +2 more outcomes
Companies that use Charter Realty & Development
Customer profileNamed customers18 records
Segments4 records
Ideal customer profiles4 records
Charter Realty & Development technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Charter Realty & Development partnerships and signals
Strategic signalPartnerships
14 partnerships are on record, tiered major, core and flagship.
- The Grossman Cos.majorJoint venture partner with Zelco Properties in acquiring Ansonia Shopping Center in Southwest Connecticut for $8.4 million. The joint venture plans to reposition the property with daily needs anchors and service-oriented retailers. Charter Realty handles leasing for the project.
- Zelco Properties and DevelopmentcoreCharter Realty is the real estate brokerage and services arm of Zelco Properties & Development, a real estate investment, acquisition, and development platform. Zelco has completed over $2 billion in acquisitions and ground-up developments totaling more than 8 million square feet across multiple states. Zelco owns, operates and develops commercial and mixed-use properties with an eye toward enhancing the character and quality of life for communities they serve.
- The Taurasi GroupmajorCharter Realty represented the landlord (The Taurasi Group) in securing key leases for Southend Hoboken, a mixed-use development project. Key leases secured include City Fitness (35,100 sf), Southend Market (12,500 sf), and Hoboken Public School (25,500 sf).
- Lightstone GroupcoreMajor commercial real estate owner and developer represented by Charter Realty for property leasing services.
- Regency CenterscoreNational shopping center developer and owner represented by Charter Realty for leasing services.
- Related CompaniescoreMajor real estate developer and owner represented by Charter Realty for property leasing.
- Acadia RealtycoreREIT focused on shopping center acquisitions represented by Charter Realty for leasing services.
- EdenscoreShopping center owner and developer represented by Charter Realty for leasing representation.
- Cedar Realty TrustcoreShopping center REIT represented by Charter Realty for leasing services.
- United Sports Development Partners (USDP)flagshipCo-founded by Daniel Zelson, USDP focuses on the development and ownership of stadiums and mixed-use sports and entertainment destinations nationwide. Currently involved in several projects with AUM of $1 billion.
- Charter Growth Partners (CGP)coreInvestment platform co-founded by Daniel Zelson that partners with emerging retail, restaurant, and consumer brands to position them for strategic expansion and long-term value creation.
- TJX CompaniescoreMajor retailer including TJMaxx, Marshalls, HomeGoods brands represented through tenant representation services.
- CostcocoreNational retailer represented through tenant representation for expansion locations.
- Shake ShackcoreNational restaurant brand represented through tenant representation for expansion in New York and Westchester areas.
Scale indicators8 records
Recent moves6 records
Expansion highlights6 records
Charter Realty & Development competitors and assessment
Company assessmentDirect peers
- RIPCO Real Estate: RIPCO is a retail-focused commercial real estate services firm providing tenant and landlord representation across the East Coast and Midwest. Comparable as a retail-specialized brokerage competing for similar anchor tenant mandates (Target, Walmart, TJX brands).
- Mid-America Real Estate Group: Mid-America Real Estate is one of the largest independent retail real estate brokerages in the U.S., specializing in tenant and landlord representation and investment sales for retail properties. Comparable specialty and scale to Charter's retail brokerage practice.
- Newmark Group: Newmark is a publicly traded commercial real estate services firm offering brokerage, capital markets, and advisory services across property types including retail. Directly comparable as a full-service CRE broker with overlapping landlord and tenant representation practices.
- Colliers International: Colliers is a global commercial real estate services firm offering brokerage, property management, and advisory. Senior Charter team members came from Colliers (Scott Edlitz was Senior Managing Director there), and the firms compete directly for retail and landlord mandates.
- Marcus & Millichap: Marcus & Millichap is a national commercial real estate investment sales and brokerage firm with a strong focus on net lease retail and shopping center investment sales—directly overlapping with Charter's National Investment Sales platform.
- SRS Real Estate Partners: SRS is a national commercial real estate firm specializing in retail tenant representation, landlord representation, and investment sales. Closely comparable to Charter's specialty retail brokerage focus and exclusive leasing mandates on shopping centers.
Broad incumbents
- Cushman & Wakefield: Cushman & Wakefield is a global commercial real estate services firm offering brokerage, valuation, and property management across all property types including retail. Competes for institutional landlord mandates but at significantly larger scale and broader scope than Charter.
- JLL (Jones Lang LaSalle): JLL is a global commercial real estate services firm with retail brokerage, capital markets, and property management operations. A broad incumbent competing for the same enterprise tenant and institutional landlord mandates as Charter.
- CBRE Group: CBRE is the world's largest commercial real estate services firm, offering retail brokerage, investment sales, and advisory. Competes head-to-head with Charter for institutional landlord exclusive mandates and national retailer rollouts.
Others
- Brixmor Property Group: Brixmor is a publicly traded retail REIT that owns and operates open-air shopping centers across the U.S. As a major institutional landlord/owner of shopping centers, Brixmor is both a potential landlord rep client and an adjacent industry peer.
Market position
Weaknesses1 record
Competitive moat5 records
Key risks5 records
Key highlights6 records
Customer concentration
Charter Realty & Development social profiles
Digital presenceCharter Realty & Development financial estimates
Financial estimateRevenue estimate
Valuation estimate
Charter Realty & Development leadership team
Management profileNumber of profiles
Profiles10 records
Charter Realty & Development funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Charter Realty & Development 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 Charter Realty & Development
What does Charter Realty & Development do?
Charter Realty & Development is a full-service commercial real estate brokerage firm specializing in retail property leasing strategies for landlord representation, tenant representation, national rollouts, and national investment sales. The company operates a vertically integrated platform that combines brokerage services with property ownership through its parent/affiliate Zelco Properties and Development, serving national retailers, institutional landlords, and real estate investors across the United States.
Is Charter Realty & Development a public or private company?
Charter Realty & Development is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Charter Realty & Development founded?
Charter Realty & Development was founded in 1989. It employs 11 to 50 people.
Where is Charter Realty & Development based?
Charter Realty & Development is headquartered in Westport, United States, in the North America region.
How does Charter Realty & Development make money?
Three revenue lines are on record. Landlord Representation Services are the primary driver. The others are tenant Representation Services and investment Sales.
Who are Charter Realty & Development's main competitors?
Direct peers on record are RIPCO Real Estate, Mid-America Real Estate Group, Newmark Group, Colliers International, Marcus & Millichap and SRS Real Estate Partners. Broad incumbents are Cushman & Wakefield, JLL (Jones Lang LaSalle) and CBRE Group. Brixmor Property Group is listed as an others.
Does Charter Realty & Development have an API?
No public API is recorded for Charter Realty & Development.
What industry is Charter Realty & Development in?
Charter Realty & Development's product category is Commercial Real Estate Brokerage. Its primary akta.pro industry code is BPAJABAJ, Tenant Representation & Corporate Services Brokerage, with a secondary code of FSAEAJAB, Commercial Real Estate Brokerage (Leasing & Sales). Its NAICS code is 5312 and its SIC code is 6531.