The Schochet Companies
The Schochet Companies is a Braintree, MA-based affordable housing real estate investment and management firm founded in 1973, owning and managing 6,000+ apartments across New England for low-income families, seniors, and disabled residents.
- Company typePrivate
- Founded1973
- HeadquartersBraintree, United States
- Headcount101–250
- GTM typeB2B and B2C
- OfferingServices
What The Schochet Companies does
The Schochet Companies is a privately-held real estate investment and management firm headquartered in Braintree, Massachusetts, founded in 1973 by Jay R. Schochet and now led by President and CEO Richard Henken (in role since 2004). The company specializes in affordable housing, owning and/or managing more than 6,000 apartments and approximately 125,000 square feet of commercial space across New England, with a stated total portfolio value exceeding $1 billion. Operating through three core divisions (Development, Property Management, and Investments) and a wholly-owned property management subsidiary, Federal Management Co., Inc., the company preserves, develops, and manages affordable rental communities serving low-income families, seniors, and disabled individuals across Massachusetts, Rhode Island, Connecticut, and Maine.
The Schochet Companies firmographics
Firmographics- Name
- The Schochet Companies
- Legal name
- The Schochet Companies
- Website
- https://schochet.com
- Company type
- Private
- Founded year
- 1973
- Operating status
- Operating
- Headcount range
- 101–250 employees
- Short description
- The Schochet Companies is a Braintree, MA-based affordable housing real estate investment and management firm founded in 1973, owning and managing 6,000+ apartments across New England for low-income families, seniors, and disabled residents.
- Ownership category
- akta.pro rank
The Schochet Companies industry classification
Industry- Product category
- Affordable Housing Real Estate Services
- NAICS
- Lessors of Residential Buildings and Dwellings (53111), Lessors of Residential Buildings and Dwellings (531110), Rental and Leasing Services (532), Real Estate and Rental and Leasing (53), New Multifamily Housing Construction (except For-Sale Builders) (236116)
- SIC
- Operators Of Apartment Buildings (6513), Real Estate Agents & Managers (For Others) (6531), Real Estate (6500)
- akta.pro primary industry
- Affordable & Subsidized Housing Property Management (LIHTC, Section 8) (BPAJAFAD)
- akta.pro secondary industries
- Residential Land Development & Subdivision Homebuilding (Build-to-Sell Communities) (IMAFABAL), Affordable Housing & Community Development (Housing, Community Land Trusts) (BPAGALAC)
Keywords
Where The Schochet Companies is headquartered
LocationHeadquarters
- HQ city
- Braintree
- HQ country
- United States
- HQ region
- North America
Offices4 records
Markets served
The Schochet Companies business model
Business model- GTM type
- B2B and B2C
- Offering type
- Services
- Cost components
- Personnel, Operations, Infrastructure, Supply Chain, Marketing or Sales
Revenue model
- Rental Operations: Schochet generates revenue through rental operations from owned and managed apartment communities. The company owns and/or manages over 6,000 apartments throughout New England, with properties serving various income levels through subsidized and affordable housing programs.
- Property Management Services: The company provides property management services for owned properties and as a third-party manager for partners like Retirement Housing Foundation (RHF). Management services include compliance with HUD regulations, Section 8 housing assistance programs, and Low-Income Housing Tax Credit requirements.
Go-to-market motion1 record
Distribution channels4 records
Marketing channels6 records
The Schochet Companies product offering
Product offeringCore offering
The Schochet Companies acquires, develops, and manages affordable housing communities across New England, operating through three divisions — Development, Property Management, and Investments. The company owns and/or manages more than 6,000 apartments and 125,000 square feet of commercial space, partnering with government agencies, nonprofits, and tax-credit investors to preserve long-term affordability.
Product overview
The Schochet Companies operates as a boutique real estate investment and management company with three core divisions: Development (creating new affordable housing), Property Management (managing owned and third-party properties), and Investments (investment advisory services). The company also uses its affiliate Federal Management Co., Inc. for property operations. The portfolio consists primarily of affordable housing communities across New England, including family apartments, elderly/disabled housing, and mixed-income developments. The company focuses on preservation of existing affordable housing rather than new AI/technology product offerings.
Differentiator
Problem solved
Functional benefit
Products and services
- Development Division Real estate development services for creating new affordable housing communities and mixed-use properties throughout New England, including site acquisition, financing, construction oversight, and entitlement.
- Property Management Division Comprehensive property management services for owned and third-party affordable housing communities, including tenant relations, maintenance, leasing, and compliance with HUD, Section 8, and LIHTC regulations.
- Investments Division
Quantifiable outcome
- Preserved 504 affordable housing units at Fresh Pond Apartments for more than 1,100 low income residents
- +3 more outcomes
Companies that use The Schochet Companies
Customer profileNamed customers4 records
Segments4 records
Ideal customer profiles4 records
The Schochet Companies technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
The Schochet Companies partnerships and signals
Strategic signalPartnerships
Seven partnerships are on record, tiered major, flagship and minor.
- Jonathan Rose CompaniesmajorSchochet partnered with Jonathan Rose Companies to acquire Riverside Towers in Medford, MA. The partnership involves significant investment in common area modernization, upgrades to dwelling units, and enhanced social services at the 200-unit property.
- Retirement Housing Foundation (RHF)flagshipRHF is a major nonprofit partner that co-owns properties with Schochet. Schochet provides development consulting and its affiliate Federal Management Co. manages RHF properties. RHF owns 194+ communities nationwide with over 17,000 apartments.
- Allston Brighton CDCmajorAllston Brighton Community Development Corporation partnered with Schochet to acquire Warren Hall in Brighton. ABCDC leads community engagement and works with Schochet on the historic preservation and affordable housing conversion project.
- LeadingAgemajorLeadingAge represents nonprofit aging services providers and connected Schochet with vaccine availability at affordable housing sites. Schochet coordinated vaccination clinics at 13 properties through this partnership, vaccinating 2,300+ people.
- CVS HealthminorCVS provided on-site vaccination services at Schochet properties through a broad partnership with LeadingAge and state governments (RI.gov, mass.gov).
- Fenway CDCmajorFenway Community Development Corporation partnered with Schochet to preserve 97 affordable units at Newcastle-Saranac Apartments in Lower Roxbury. Mayor Walsh joined the celebration of the acquisition.
- Devenscrest Tenants Association (DCTA)majorTenant organization that worked to preserve naturally occurring affordable housing after the property was sold in 2021. Selected Schochet as developer partner to lead the preservation effort.
Scale indicators14 records
Recent moves7 records
Expansion highlights6 records
The Schochet Companies competitors and assessment
Company assessmentMarket position
Strengths4 records
Competitive moat5 records
Key risks5 records
Key highlights6 records
Customer concentration
The Schochet Companies social profiles
Digital presenceThe Schochet Companies financial estimates
Financial estimateRevenue estimate
Valuation estimate
The Schochet Companies leadership team
Management profileNumber of profiles
Profiles5 records
The Schochet Companies subsidiaries and ownership
Company hierarchySubsidiaries3 records
The Schochet Companies funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
The Schochet Companies 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 The Schochet Companies
What does The Schochet Companies do?
The Schochet Companies acquires, develops, and manages affordable housing communities across New England, operating through three divisions — Development, Property Management, and Investments. The company owns and/or manages more than 6,000 apartments and 125,000 square feet of commercial space, partnering with government agencies, nonprofits, and tax-credit investors to preserve long-term affordability.
Is The Schochet Companies a public or private company?
The Schochet Companies is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was The Schochet Companies founded?
The Schochet Companies was founded in 1973. It employs 101 to 250 people.
Where is The Schochet Companies based?
The Schochet Companies is headquartered in Braintree, United States, in the North America region.
How does The Schochet Companies make money?
Two revenue lines are on record. Rental Operations are the primary driver. The others are property Management Services.
Does The Schochet Companies have an API?
No public API is recorded for The Schochet Companies.
What industry is The Schochet Companies in?
The Schochet Companies's product category is Affordable Housing Real Estate Services. Its primary akta.pro industry code is BPAJAFAD, Affordable & Subsidized Housing Property Management (LIHTC, Section 8), with a secondary code of IMAFABAL, Residential Land Development & Subdivision Homebuilding (Build-to-Sell Communities). Its NAICS code is 53111 and its SIC code is 6513.