Charter Realty & Development

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

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

• Commercial real estate brokerage
• Retail property leasing
• Tenant representation services
• Landlord representation services
• Net lease investment sales

Headquarters

HQ city

Westport

HQ country

United States

HQ region

North America

Offices5 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Others

Revenue model

1. 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.
2. 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.
3. 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

Core 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

Named customers18 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

14 partnerships are on record, tiered major, core and flagship.

• The Grossman Cos.majorStrategic or Co-development Partner · 18 June 2026Joint 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 DevelopmentcoreStrategic or Co-development PartnerCharter 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 GroupmajorStrategic or Co-development PartnerCharter 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 GroupcoreChannel Partner/ Reseller/ DistributorMajor commercial real estate owner and developer represented by Charter Realty for property leasing services.
• Regency CenterscoreChannel Partner/ Reseller/ DistributorNational shopping center developer and owner represented by Charter Realty for leasing services.
• Related CompaniescoreChannel Partner/ Reseller/ DistributorMajor real estate developer and owner represented by Charter Realty for property leasing.
• Acadia RealtycoreChannel Partner/ Reseller/ DistributorREIT focused on shopping center acquisitions represented by Charter Realty for leasing services.
• EdenscoreChannel Partner/ Reseller/ DistributorShopping center owner and developer represented by Charter Realty for leasing representation.
• Cedar Realty TrustcoreChannel Partner/ Reseller/ DistributorShopping center REIT represented by Charter Realty for leasing services.
• United Sports Development Partners (USDP)flagshipStrategic or Co-development PartnerCo-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)coreStrategic or Co-development PartnerInvestment 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 CompaniescoreChannel Partner/ Reseller/ DistributorMajor retailer including TJMaxx, Marshalls, HomeGoods brands represented through tenant representation services.
• CostcocoreChannel Partner/ Reseller/ DistributorNational retailer represented through tenant representation for expansion locations.
• Shake ShackcoreChannel Partner/ Reseller/ DistributorNational restaurant brand represented through tenant representation for expansion in New York and Westchester areas.

Scale indicators8 records

Recent moves6 records

Expansion highlights6 records

Direct 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

• Xx.com/Charter_Realty
• Facebookfacebook.com/charterrealty
• LinkedInlinkedin.com/company/charter-realty-development-corp

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 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 Charter Realty & Development