Meredith Management

What Meredith Management does

Meredith Management is a privately held, Beverly, Massachusetts-based real estate development and management firm founded in 1969 by John E. Rosenthal (President), focused on residential communities, commercial space, and large-scale transit-oriented mixed-use developments across Massachusetts. The company historically developed, owned, and managed more than 3,000 apartments, 6,000 condominiums, and 5 million square feet of commercial space; its current owned/managed portfolio comprises approximately 1,000 residential units and 250,000 square feet of commercial space, and it operates one of the largest condominium/cooperative management books in Massachusetts with 6,000+ units under management.

The firm's flagship project is Fenway Center, a $1.3 billion mixed-use, transit-oriented development built over the Massachusetts Turnpike near Fenway Park and the Longwood Medical Area. Phase I (Bower), a 312-unit two-building LEED Gold residential complex developed with Gerding Edlen and Nuveen Real Estate, opened in 2020 and is the first multifamily building in New England to use View dynamic Smart Glass. Phase II, a $1B+ life-sciences office/lab tower co-developed with IQHQ, is enabled by a $55 million air-rights lease with MassDOT (the largest in MassDOT history) and was unanimously approved by the BPDA in March 2020; occupancy is expected 2023–2024. The firm also developed the $15 million MBTA Lansdowne Commuter Rail Station (opened 2014) and operates affiliate Here Comes the Sun, LLC, a solar power-as-a-service provider targeting nonprofits and tax-exempt entities.

Meredith generates revenue through five streams: residential rental income from owned units, commercial lease income from owned office/retail space, condo/coop management fees, milestone-based development and asset-sale income (including JV equity participation in flagship projects), and subscription-style solar revenue via the Here Comes the Sun affiliate. Pricing is quote-based for leases and not publicly disclosed; customer concentration is spread across thousands of residential tenants and condo associations, with named enterprise anchors including Harvest Co-op Markets (Phase I retail) and life-sciences tenants at 109 Brookline Avenue. The firm's GTM motion combines direct enterprise sales into municipal and institutional stakeholders (MassDOT, MBTA, BPDA) with joint-venture partnerships (IQHQ, Gerding Edlen, Nuveen Real Estate) on flagship capital-intensive projects.

Name

Meredith Management

Legal name

Meredith Management Corp.

Website

https://meredithmanagement.com

Company type

Private

Founded year

1969

Operating status

Operating

Headcount range

11–50 employees

Short description

Meredith Management is a privately held Beverly, MA-based real estate developer and manager that owns/operates ~1,000 apartments, 250,000 sq ft of commercial space, and 6,000+ condo/coop units across Massachusetts, with Fenway Center as its flagship $1.3 billion transit-oriented development.

Ownership category

akta.pro rank

Product category

Real Estate Development and Management

NAICS

Real Estate Property Managers (53131)

SIC

Operators Of Apartment Buildings (6513), Real Estate Agents & Managers (For Others) (6531), Real Estate Dealers (For Their Own Account) (6532)

akta.pro primary industry

Real Estate Public-Private Partnership (PPP) & Infrastructure-Adjacent Real Estate Advisory (BPAJANAL)

akta.pro secondary industries

Condominium Association Management (BPAJAHAA), State/Provincial Housing, Urban/Regional Planning & Community Development (BPAIABAM)

Keywords

• Real estate development
• Property management
• Mixed-use developments
• Transit-oriented development
• Condominium management

Headquarters

HQ city

Beverly

HQ country

United States

HQ region

North America

Offices3 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Supply Chain, Personnel, Marketing or Sales, Others

Revenue model

1. Residential Rental Income: Meredith currently owns and manages approximately 1,000 residential apartment units, generating recurring rental income. Historically developed more than 3,000 apartments and 6,000 condominiums. Manages over 6,000 condominium and cooperative units across Massachusetts.
2. Commercial Lease Income: Meredith owns and manages approximately 250,000 square feet of commercial space. Historically developed 5 million square feet of commercial space including Monarch Office (400,000 sq ft, 25-story Class A building), retail shopping centers (10,000–200,000 sq ft), and Riverwalk in Lawrence, MA.
3. Real Estate Development / Asset Sale Income: One-time and milestone-based revenue from development projects (e.g., the year 2000 sale of 1,200 apartments), joint-venture equity participation in flagship mixed-use projects such as the $1.3 billion Fenway Center (Phase I Bower at $240M, Phase II $1B+), and the $15M state-funded Lansdowne Commuter Rail Station.
4. Condominium / Cooperative Management Fees: Recurring management fee revenue from over 6,000 condominium and cooperative units managed throughout Massachusetts, ranging from the 38-unit Fisher Hill Estates in Chestnut Hill to the 383-unit Ledgemere in Ashland.
5. Solar Energy / Clean Power (Affiliate — Here Comes the Sun, LLC): Affiliate Here Comes the Sun, LLC generates revenue by installing and owning solar energy power plants on customer properties and supplying solar power at lower-than-grid rates, leveraging tax and clean-energy incentives. The customer retains an option to acquire the facility after a specified period.

Pricing tiers

Go-to-market motion2 records

Distribution channels6 records

Marketing channels5 records

Core offering

Meredith Management develops, owns, and manages residential apartment communities, condominium and cooperative properties, and commercial real estate across Massachusetts. Its flagship initiative is Fenway Center, a multi-phase, transit-oriented, mixed-use development built over the Massachusetts Turnpike in Boston, alongside public-sector transit projects such as the MBTA Lansdowne Commuter Rail Station. Through its affiliate Here Comes the Sun, LLC, the firm also delivers solar power-as-a-service installations to nonprofits and tax-exempt entities.

Product overview

Meredith Management is a real estate development and management firm — not a unified software platform — offering a portfolio of distinct property products and developments. The firm's flagship offering is Fenway Center, a multi-phase mixed-use, transit-oriented development covering the Massachusetts Turnpike at the western gateway to Boston, with Phase I (Bower, a 312-unit LEED Gold residential project developed with Gerding Edlen and Nuveen Real Estate) and Phase II (a $1 billion life sciences / office / retail air-rights project co-developed with IQHQ). Complementing Fenway Center is the MBTA Lansdowne Commuter Rail Station, a $15 million state-funded commuter rail station developed and constructed by Meredith that opened in 2014. Beyond flagship developments, Meredith owns/manages a portfolio of residential properties (Prescott Mill, Peirce School, Riverboat Village, Hillside Village, Highland Village, Brookside Terrace), commercial properties (Maple Office Park), and operates the affiliate Here Comes the Sun, LLC, a for-profit clean power provider specializing in solar energy installations for nonprofits and tax-exempt entities. Together these named properties, transit assets, and the solar affiliate constitute the firm's product/service portfolio.

Differentiator

Problem solved

Functional benefit

Brands

• Here Comes the Sun, LLC: Affiliate clean-power provider specializing in solar energy; installs, owns, and operates solar power plants on customer properties.

Products and services

• Fenway Center Mixed-use, transit-oriented development at the western gateway to Boston, connecting Fenway, Kenmore, Audubon and Longwood Medical Area neighborhoods. Designed to cover the Massachusetts Turnpike with new buildings, public spaces, green areas, and retail along Beacon Street, Brookline Avenue, and David Ortiz Way. Gold LEED Certified with total estimated project cost of $1.3 billion.
• Fenway Center Phase I (Bower) Two-building, 312-unit apartment project (8-story 100-unit mid-rise and 14-story 212-unit tower) at 771 Beacon St. adjacent to Lansdowne Commuter Rail Station. Features studio, one- and two-bedroom apartments, View Smart Glass (first multifamily in New England), LEED Gold certification, biophilic design, rooftop pool deck, and fitness center. Phase 1 cost approximately $240 million.
• Fenway Center Phase II Over the Mass Pike and Lansdowne Commuter Rail station, co-developed with IQHQ. Includes a 22-story high-rise building, a 12-story mid-rise building, and a shared use automated garage, with more than 1 million square feet of office and lab life science space, plus retail. $1 billion project, Gold LEED Certified.
• MBTA Lansdowne Commuter Rail Station A stand-alone MBTA Commuter Rail station next to Fenway Park and the Longwood Medical Area with direct access to South Station (east) and Framingham/Worcester (west). $15 million state-funded, full-service station and multimodal center. Commenced operation in 2014, currently over 40 stops per day vs. original 17.
• Here Comes the Sun, LLC Meredith Management affiliate and for-profit clean power provider specializing in solar energy. Installs solar energy power plants on customers' properties while maintaining ownership, targeting nonprofit organizations, tax-exempt entities, and customers without capital to invest. Provides solar energy at a lower rate than the grid, with customers retaining option to acquire the solar facility after a specified period.
• Prescott Mill A residential property developed and managed by Meredith Management within their portfolio of over 3,000 apartments and 6,000 condominiums across Massachusetts.
• Peirce School A property within Meredith Management's owned/managed real estate portfolio.
• Riverboat Village A residential property developed and managed by Meredith Management within their portfolio.
• Maple Office Park An office property within Meredith Management's commercial space portfolio, which includes over 5 million square feet of developed commercial space overall.
• Hillside Village A residential property within Meredith Management's owned/managed portfolio.
• Highland Village A residential property within Meredith Management's owned/managed portfolio.
• Brookside Terrace A residential property within Meredith Management's owned/managed portfolio.

Quantifiable outcome

• Managed, developed, or owned 3,000+ apartments, 6,000+ condominiums, and 5 million sq ft of commercial space over 65+ years
• +6 more outcomes

Named customers2 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

15 partnerships are on record, tiered flagship, core and minor.

• IQHQ, Inc.flagshipStrategic or Co-development PartnerCo-developer with Meredith Management on Fenway Center Phase II — the 1M+ sq ft, $1B+ life-sciences office/lab tower to be built over the Massachusetts Turnpike. IQHQ (formerly Creative Science Properties) is a premier life-sciences real estate development company led by John Bonanno. IQHQ raised $770M in capital (led by Raymond James) and $2.5B in equity overall to fund the deck and tower. IQHQ also acquired 109 Brookline Ave. for $270M as part of its Fenway strategy. BPDA unanimously approved the PDA amendment in March 2020.
• Gerding EdlenflagshipStrategic or Co-development PartnerPortland, Ore.-based development firm that co-developed Phase I of Fenway Center (Bower — 312 apartments across two buildings) with Meredith Management and Nuveen Real Estate. Phase I was financed with $230M in construction loans and broke ground in early 2018; the first building opened in September 2020 and is actively leasing. Bower is designed for LEED Gold certification, includes View Smart Glass (first multifamily in New England), and 21% less energy use than typical buildings.
• Nuveen Real EstateflagshipStrategic or Co-development PartnerJoint-venture partner with Meredith Management and Gerding Edlen on Bower (Fenway Center Phase I). Nuveen is a global investment manager; the JV delivered the 312-unit apartment complex with the first building opening September 2020.
• John Moriarty & AssociatescoreImplementation/ SI/ Consulting PartnerGeneral contractor for Fenway Center Phase I (Bower). Built the 312-unit apartment complex (8-story 100-unit mid-rise + 14-story 212-unit tower) with $230M in construction financing.
• The Architectural Team (TAT)coreImplementation/ SI/ Consulting PartnerArchitecture firm for Fenway Center Phase I (Bower). Designed the 312-unit twin-towered residential development including the LEED Gold-certified construction, biophilic design features, and View Smart Glass integration.
• Planeta Design GroupminorImplementation/ SI/ Consulting PartnerInterior design firm for Fenway Center Phase I (Bower), based in Boston. Delivered interior design for the 312-unit apartment complex.
• Copley Wolff Design GroupminorImplementation/ SI/ Consulting PartnerLandscape architecture firm for Fenway Center Phase I (Bower). Designed the 12,500 sq ft public plaza and multi-level landscaped pedestrian walkways connecting the two residential buildings.
• View (View Smart Glass)coreTechnology or IntegrationTechnology partner supplying dynamic View Smart Glass to Bower (Fenway Center Phase I). Bower is the first multifamily building in New England to use View Smart Glass, which automatically tints in response to ambient light and can be controlled via mobile app.
• Here Comes the Sun, LLCcoreStrategic or Co-development PartnerAffiliate of Meredith Management; a clean-power provider specializing in solar energy that installs and retains ownership of solar power plants on customer properties (target market: nonprofits, tax-exempt entities, and customers without capital). Leverages clean-energy incentives to provide solar energy at lower-than-grid rates with optional customer buyout.
• Stop Handgun ViolenceflagshipOthersNonprofit co-founded by Meredith Management president John Rosenthal in 1994. Committed to prevention of gun violence through education, public awareness, law enforcement, and common-sense gun laws. Meredith Management founded/supports the organization; Rosenthal leads Massachusetts gun-control advocacy including the historic 252-foot Mass Pike billboard (1994–2015).
• Friends of Boston's HomelessflagshipOthersNonprofit founded by John Rosenthal more than 30 years ago. Supports solutions-oriented programs helping homeless individuals transition from streets/shelters to stable independent living. Meredith Management founded/supports the organization; Rosenthal continues to lead homeless-policy advocacy (e.g., 2021 Mass and Cass crisis plan).
• Police Assisted Addiction and Recovery Initiative (P.A.A.R.I.)flagshipOthersNonprofit co-founded by Meredith Management president John Rosenthal. Innovative law-enforcement-based, non-arrest pathway to opioid addiction treatment and recovery. Founded in 2015 with The Gloucester Police Angel Program; includes 500+ police departments in 33 states and 300+ treatment centers; partners have placed 23,000+ people into treatment.
• America Is Calling (AMERICA IS CALLING. VOTE)flagshipOthersNonpartisan civic-engagement initiative co-developed by John Rosenthal with brand expert Bruce Mau and the Massive Change Network, plus March for Our Lives leaders David Hogg and Jaclyn Corin. Produces creative content and targeted digital ads to motivate Gen Z and under-35 voters in 2018, 2020, and 2022 elections.
• Massachusetts Bay Transportation Authority (MBTA) / Massachusetts Department of Transportation (MassDOT)flagshipOthersPublic-sector partner: MBTA designated Meredith Management to develop and construct the $15M state-funded, full-service Lansdowne Commuter Rail Station and multimodal center (opened 2014). MassDOT also negotiated the largest air-rights lease in its history with Meredith/IQHQ for $55M over the Massachusetts Turnpike for Fenway Center Phase II.
• GenslerminorImplementation/ SI/ Consulting PartnerArchitecture firm providing renderings and design work for Fenway Center Phase II life-sciences tower. Multiple press renderings are credited to Gensler.

Scale indicators12 records

Recent moves10 records

Expansion highlights5 records

Direct peers

• The HYM Investment Group: Boston-based mixed-use developer focused on transit-oriented, public-private partnership projects in urban infill neighborhoods (e.g., Bulfinch Crossing, Nubian Square). Highly comparable to Meredith in scale, geography, and PPP-heavy development approach.
• Leggat McCall Properties: Long-tenured Boston real estate development and management firm with a mixed portfolio of office, residential, and mixed-use projects. Comparable to Meredith in Massachusetts concentration, mixed ownership/management model, and community-oriented development approach.
• IQHQ: Life-sciences real estate development firm (REIT) and Meredith's co-developer on Fenway Center Phase II. Comparable because they are operating the same asset, share development economics, and target the same Longwood-area biotech tenant base.
• Gerding Edlen: Sustainability-focused mixed-use developer and Meredith's co-developer on Bower (Fenway Center Phase I). Comparable in product (LEED Gold, biophilic design) and partnership-driven project structure.
• Beacon Capital Partners: Boston-based real estate investment and development firm focused on life-sciences, office, and mixed-use properties in gateway markets. Comparable in Boston life-sciences focus and institutional JV-driven development approach.
• WinnCompanies: Boston-area multifamily property management and development firm with a large New England portfolio. Comparable to Meredith's residential rental and condo-management business, especially in the Boston market.

Broad incumbents

• Boston Properties (BXP): Large publicly traded REIT/developer focused on Class A office and life-sciences properties in Boston, NYC, DC, and SF. Operates at significantly greater scale and broader geographic scope than Meredith, but directly competes for the same Longwood-area life-science tenants and downtown Boston office/lab demand.
• Tishman Speyer: Global real estate developer and investor with significant life-sciences and mixed-use development activity. Operates at far greater scale and geographic breadth, but competes in the same urban life-science/lab development segment.
• Skanska USA Commercial Development: Major developer of large-scale, transit-oriented mixed-use and office projects in U.S. gateway cities, frequently via public-private partnerships. Comparable in PPP-driven urban development approach, though at significantly larger scale.

Emerging players

• LCOR: Integrated real estate investment, development, and management company focused on transit-oriented, mixed-use projects in major Northeast and West Coast markets. Comparable in product type (mixed-use, transit-oriented) and JV-funded structure.

Market position

Strengths5 records

Competitive moat4 records

Key risks7 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/meredith-management-corp

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

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 Meredith Management