Jumbo Capital Management

What Jumbo Capital Management does

Jumbo Capital Incorporated, LLC is a privately held, value-focused commercial real estate investment firm headquartered in Quincy, Massachusetts. Founded in 2009 by Jay Hirsh following his tenure at New Boston Fund, the firm operates an integrated platform covering investment, development, asset management, and property management across the Greater Boston market. Per its own materials, Jumbo manages approximately $700M and 4M+ square feet across 50 properties, with $1B+ deployed since inception. The firm executes transactions in the $15M-$300M range targeting value-add, net leased/income, opportunistic, and development strategies, and has completed over 1M SF of development including life science, advanced manufacturing/R&D, self-storage, residential, and retail projects.

The business operates a partnership model with four named partners (Hirsh, Heaps, Spencer, Laverty) supported by 30+ employees and an affiliate construction subsidiary (Surus Development & Construction). Customer franchises split into two directions: capital customers — institutional investors, family offices, and high net-worth individuals — and tenant customers in leased office, lab/life science, flex, industrial, and retail space (logos include Walmart, Starbucks, Wells Fargo, UBS, Raytheon, Siemens, Hologic, iRobot, and Baker Hughes). Revenue is generated through asset management fees, rental income, development margins, and disposition proceeds. The capital base is augmented through joint ventures with institutional partners such as Apollo Global Management, Clarion Partners, Boston Andes Capital, and Sound Mark Partners, and leasing is facilitated through channel broker relationships with Colliers, Newmark, CBRE, Cushman & Wakefield, and Transwestern.

The go-to-market motion is relationship-driven enterprise field sales targeted at Greater Boston institutional and family-office capital. Distribution is direct through investor and tenant portals plus active industry participation (NAIOP, ULI). Differentiators cited are value-focused sourcing around the dislocation between perceived and actual risk, comprehensive in-house capabilities across the asset lifecycle, and deep regional expertise evidenced by a track record that includes the near-doubling of Rivertech Park's asset value ($45M acquired, $85M sold) and successful office-to-lab repositioning at Stony Brook and One Patriots Park.

Name

Jumbo Capital Management

Legal name

Jumbo Capital Incorporated, LLC

Website

https://jumbocapital.com

Company type

Private

Founded year

2009

Operating status

Operating

Headcount range

11–50 employees

Short description

Jumbo Capital Management is a privately held, value-focused commercial real estate investment firm headquartered in Quincy, MA, operating across Greater Boston. Founded in 2009, it manages approximately $700M and 4M+ SF across 50 properties, serving institutional investors, family offices, and HNW individuals with integrated investment, development, asset management, and property management services.

Ownership category

akta.pro rank

Product category

Commercial Real Estate Investment & Management

NAICS

Portfolio Management and Investment Advice (523940), Corporate, Subsidiary, and Regional Managing Offices (551114)

SIC

Real Estate Dealers (For Their Own Account) (6532), Real Estate Agents & Managers (For Others) (6531)

akta.pro primary industry

Hospitality (Hotels & Resorts) Asset Management (BPAJAMAE)

akta.pro secondary industry

Capital Markets Advisory (Equity Placement, JV & Recapitalization) (BPAJABAL)

Keywords

• Commercial real estate
• Real estate investment
• Asset management
• Property management
• Real estate development

Headquarters

HQ city

Quincy

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Investment Returns and Asset Management Fees: Generates returns through appreciation in real estate value, rental income, and asset management fees from managing commercial properties for investors.
2. Property Development: Creates value through ground-up development and repositioning of commercial and residential properties in the greater Boston area.
3. Property Dispositions: Profits from the sale of developed or repositioned properties after value creation.

Go-to-market motion1 record

Distribution channels3 records

Marketing channels3 records

Core offering

Jumbo Capital Management is a privately held commercial real estate investment firm that acquires, develops, and manages value-add, net-leased, opportunistic, and ground-up development properties in the Greater Boston area. It provides integrated investment management, asset management, property management, and development services for institutional investors, family offices, and high net-worth individuals, managing over $700M and 4M+ SF across 50 properties.

Product overview

Jumbo Capital Incorporated is a privately held, value-focused commercial real estate investment firm offering integrated investment, development, asset management, and property management services. The company operates across four primary investment areas: Value Add, Net Leased/Income, Opportunistic (Distressed Ventures), and Development. Their service portfolio includes acquisition and disposition of properties, ground-up development of commercial and residential projects, portfolio asset management with amenity upgrades and conversions, and comprehensive property management. The company has developed specific properties including self-storage facilities (Stoneham, Burlington, Quincy, Everett), luxury condominiums (Cadence on Leo, Penniman on the Park), and commercial/industrial projects (Bedford Business Park). They also provide tenant and investor portal platforms for client self-service.

Differentiator

Problem solved

Functional benefit

Products and services

• Investment Management Value-focused commercial real estate investment services covering acquisitions, dispositions, and asset management for institutional investors, family offices, and high net-worth individuals, with deal sizes ranging from $15M to $300M.
• Real Estate Development Ground-up development of commercial and residential real estate including life science, advanced manufacturing/R&D, self-storage, apartments, and retail projects across the Greater Boston area.
• Asset Management Portfolio-level asset management including amenity upgrades, adaptive re-use such as office-to-lab conversions, and campus expansion opportunities across the owned portfolio.
• Property Management Full-service property management for office, lab/life science, flex, industrial/warehouse, and residential space across owned properties and third-party clients in Greater Boston.
• Bedford Business Park A permitted commercial development property at 18 Crosby Dr, Bedford, MA, designed for R&D, manufacturing, office, cGMP, and wet lab tenants; offered to commercial lessors and owner-users.
• Cadence on Leo A completed 79-unit luxury condominium development at 70 Leo Birmingham Parkway, Brighton, MA, with two levels of underground parking.
• Stoneham Self Storage A 120,000 SF self-storage facility at 54 Montvale Avenue, Stoneham, MA, completed in 2021 and operated by Jumbo Capital.
• Burlington Self Storage

Quantifiable outcome

• Near doubling of asset value - Rivertech Park purchased for $45M and sold for $85M
• +2 more outcomes

Named customers27 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

Nine partnerships are on record, tiered core, major and minor.

• Apollo Global ManagementcoreStrategic or Co-development Partner · 22 March 2024Joint venture partner with Jumbo Capital on GMP/advanced manufacturing facility at 30 Dan Rd. Apollo-affiliated funds provide equity capital alongside Jumbo Capital's expertise in asset management and development.
• Surus Development & Construction, LLCcoreImplementation/ SI/ Consulting PartnerAffiliate construction company led by Steve Laverty that handles development and construction for Jumbo Capital projects. Steve serves as Principal of Surus, holding a MA unrestricted construction supervisors license.
• Colliers InternationalmajorChannel Partner/ Reseller/ DistributorCommercial real estate brokerage representing Jumbo Capital in leasing at Stony Brook and 30 Dan Rd. facilities. Team led by Kevin Hanna and Kevin Brawley.
• NewmarkmajorChannel Partner/ Reseller/ DistributorCommercial real estate brokerage that has represented Jumbo Capital in multiple transactions including Stony Brook leases and portfolio acquisitions.
• CBREmajorChannel Partner/ Reseller/ DistributorCommercial real estate brokerage arranging tenant leases at Jumbo Capital properties including GenLabs in Burlington.
• Cushman & WakefieldmajorChannel Partner/ Reseller/ DistributorBrokerage firm that has facilitated leases on behalf of Jumbo Capital at properties including 150 Royall St in Canton, MA.
• Transwestern Consulting GroupmajorChannel Partner/ Reseller/ DistributorBrokerage that has brokered multiple leases on behalf of Jumbo Capital including 50 Congress St.
• Cresa BostonmajorChannel Partner/ Reseller/ DistributorTenant representation firm that negotiated Olink Proteomics lease at Stony Brook on behalf of the tenant.
• Hingham Shipyard MarinasminorStrategic or Co-development PartnerJay Hirsh serves as Managing Partner; separate business venture in marina operations.

Scale indicators7 records

Recent moves6 records

Expansion highlights5 records

Emerging players

• Anchor Line Partners: Boston-based real estate investment manager focused on value-add commercial and multifamily assets. Smaller scale but directly comparable strategy and target submarkets.

Direct peers

• Wingate Companies: New England-based real estate investment and development firm with multifamily, mixed-use, and commercial assets. Comparable in regional focus, deal size, and integrated investment/development model.
• National Development: New England-based mixed-use developer with significant Boston-area presence in office, multifamily, and life science. Comparable in scale, geography, and ability to execute complex local development deals.
• Nordblom Company: Long-standing Greater Boston real estate investment and development firm with mixed-use, office, and multifamily assets. Operates the same regional market with overlapping investor base and development capabilities.
• The Davis Companies: Boston-area value-add and opportunistic commercial real estate investment and development firm. Jumbo previously acquired Xchange at Bedford from The Davis for $107.75M, evidencing direct overlap in deal size, geography, and asset strategy.
• Cronin Development: Greater Boston commercial real estate development and investment firm active in mixed-use and office-to-residential/lab conversions. Comparable development pipeline and regional focus.
• New Boston Fund: Boston-based CRE investment manager where founder Jay Hirsh previously worked. Comparable value-add strategy in the same geography, making it the closest direct peer in investment approach and target market.
• Boston Andes Capital: Boston-based real estate investment firm that has partnered with Jumbo Capital on the Rivertech Park acquisition. Directly comparable in deal size, geography, and value-add strategy.

Broad incumbents

• Berkshire Group: Boston-based real estate investment and property management firm with multifamily focus. Operates in the same regional market and overlapping investor base, though oriented toward a narrower asset class.
• Clarion Partners: Large, diversified U.S. real estate investment manager that co-invested with Jumbo on the Stony Brook acquisition. Acts as a JV capital provider and competes for similar value-add office/life-science deals at scale.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/jumbocapital

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 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 Jumbo Capital Management