What Fields Grade does

Fields Grade is a full-service real estate development company founded in 2002 and headquartered in Hoboken, New Jersey. The company develops, designs, builds, and manages luxury multifamily residential rental properties, with a portfolio spanning Jersey City, Hoboken, Rahway, Stamford, Lynbrook, and Washington D.C. Co-founded by Greg Russo (a 25-year Principal at Ironstate Development Company with $5B+ in delivered projects) and brothers Jim and Rob Caulfield (founders of Fields Development Group and Fields Construction Company), Fields Grade has delivered 19 named projects — including The Jordan (159 units, 2016), Lenox (256 units, 2018), The Agnes (233 units, 2022), The Hazel (201 units in Jersey City and 162 in Stamford, 2022–2023), The Mint (225 units, 2023), and Atlas, The Devan, and Starling (a combined 544 units in 2024) — totaling 4.3M+ square feet and $2.3B+ in completed project value across 31 total developments.

The company's offering is physical real estate rather than a technology platform; its underlying capability is integrated land assembly, entitlement, design, and construction execution, with construction services delivered through a related entity, KL Masters Construction, in which the Caulfields are active partners. The active pipeline includes 177 Grand (401 units), 151 Yale (310 units), The Langdon in Lynbrook, NY (201 units, with co-developer Breslin Realty), and 1333M in Washington D.C. (496 units, pre-construction targeting a 2027 completion). Capital relationships are centered on Eldridge Real Estate Credit, which provided a $70M construction loan and a subsequent $104.2M bridge loan in December 2025.

Fields Grade's revenue mechanics combine development economics (sale of condominiums, joint-venture equity returns, development fees) with recurring rental income from the stabilized portion of its completed portfolio. Go-to-market is primarily direct: completed projects are leased through on-site offices and individual property microsites (theagnes001.com, thehazeljc.com, thedevan.com), complemented by listings on Zillow and similar portals. The target customer segment is affluent professionals and families seeking premium rental housing in urban infill locations across the New York tri-state area and Washington D.C., marketed on the basis of design quality, amenity depth, and well-managed community experience rather than pricing. Pricing is unit-specific and contact-based, with no publicly disclosed rate sheets.

Name

Fields Grade

Legal name

Fields Grade

Website

https://fieldsgrade.com

Company type

Private

Founded year

2002

Operating status

Operating

Headcount range

11–50 employees

Short description

Fields Grade is a Hoboken, NJ-based, full-service real estate developer founded in 2002 that designs, builds, and manages luxury multifamily rental properties across the New York tri-state area and Washington D.C., with $2.3B+ in completed project value across 31 developments.

Ownership category

akta.pro rank

Headquarters

HQ city

Hoboken

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

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

Revenue model

1. Residential Real Estate Development and Leasing: Fields Grade generates revenue through the development and sale/rental of luxury multifamily residential properties. The company designs, builds, and manages residential projects, generating returns through unit sales or ongoing rental income from completed developments. Their portfolio spans completed projects generating rental income and developments in various stages.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels2 records

Core offering

Fields Grade is a full-service real estate development company that identifies, designs, builds, leases, and manages luxury multifamily residential rental communities in walkable urban and suburban markets across New Jersey, New York, Connecticut, and Washington, D.C. The firm executes mid-rise and high-rise multifamily projects, brownfield redevelopment, mixed-use developments, and affordable housing, supporting construction through its in-house affiliate KL Masters Construction and operating completed assets through on-site management.

Product overview

Fields Grade is a full-service real estate development company based in Hoboken, New Jersey, founded by Greg Russo and brothers Jim and Rob Caulfield. The company operates as a single-platform real estate development business offering residential property development services from initial design through construction and management. Their portfolio consists of 19 named residential development projects across New Jersey, New York, Connecticut, and Washington D.C., including properties such as The Langdon, Atlas, The Devan, The Agnes, The Hazel (Jersey City and Stamford locations), Starling, The Mint, Le Leo, Waldo Lofts, The Jordan, Lenox, Madox, BeLa, 177 Grand, Quinn, 502 Madison, 151 Yale, and 1333M. The company focuses on mixed-use, mid-rise, high-rise development, brown/grey field remediation and development, and affordable housing, with over 4.3 million square footage developed and $2.3B+ in total completed value across 31 total projects. The company leverages expertise in construction, planning, architecture, and finance to execute multifamily projects.

Differentiator

Problem solved

Functional benefit

Products and services

• The Langdon (Mount Pleasant) Luxury Class A multifamily rental community of 201 units located in Mount Pleasant, Washington, D.C., serving renters seeking upscale urban living in the District.
• 1333M (Washington, D.C.) Planned flagship luxury multifamily building of 496 units at 1333 M Street NW in Washington, D.C., representing Fields Grade's largest announced DC asset and a centerpiece of its $600M forward pipeline.
• Atlas (Hoboken, NJ) Luxury multifamily rental community of 169 units in Hoboken, NJ, delivered in 2024 as part of Fields Grade's home-market NJ portfolio.
• The Devan (Hingham, MA) Luxury multifamily rental community of 336 units in Hingham, Massachusetts, completed in 2024 and representing Fields Grade's Massachusetts market footprint.
• The Agnes (Jersey City, NJ) 233-unit luxury multifamily rental building located in Jersey City, NJ, completed in 2022 and operated as part of Fields Grade's Hudson County portfolio.
• The Hazel (Jersey City, NJ) 201-unit luxury multifamily rental community at 100 Clifton Place, Jersey City, NJ, completed in 2022.
• The Mint (Rahway, NJ) 225-unit luxury multifamily rental community in Rahway, New Jersey, delivered in 2023.
• The Hazel (Stamford, CT) 162-unit luxury multifamily rental community at 1 Park Place, Stamford, CT, completed in 2023 as Fields Grade's Connecticut market entry.
• Le Leo (Rahway, NJ) 99-unit luxury multifamily rental building located in Rahway, New Jersey, delivered in 2022.
• Waldo (Jersey City, NJ) Waldo Lofts, an 82-unit luxury multifamily rental community in Jersey City, NJ, completed in 2020.
• BeLa (Jersey City, NJ) BeLa, a 104-unit luxury multifamily rental community in Jersey City, NJ, completed in 2020.
• The Jordan (Jersey City, NJ) The Jordan, a luxury multifamily rental community in Jersey City, NJ, completed in 2016.
• Lenox 256 (Jersey City, NJ) Lenox 256, a 256-unit luxury multifamily rental building in Jersey City, NJ, completed in 2018.
• Quinn (Jersey City, NJ) Quinn, a 171-unit multifamily rental building in Jersey City, NJ, completed in 2018.
• 502 Madison (Hoboken, NJ) 502 Madison, an 18-unit multifamily rental property in Hoboken, NJ, completed in 2018.
• Starling (Jersey City, NJ) Starling, a 39-unit luxury multifamily rental building in Jersey City, NJ, completed in 2024.
• 177 Grand (Jersey City, NJ) 177 Grand, a planned 401-unit luxury multifamily development in Jersey City, NJ, part of Fields Grade's forward pipeline.
• 151 Yale (Highland Park, NJ) 151 Yale, a planned 310-unit luxury multifamily development in Highland Park, NJ, part of Fields Grade's forward pipeline.
• Waldon Lofts/Madox (Hoboken, NJ) Waldon Lofts / Madox, a completed multifamily property in Hoboken, NJ, listed within Fields Grade's broader portfolio of residential assets.

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Two partnerships are on record, tiered core.

• Breslin RealtycoreStrategic or Co-development Partner · 9 December 2025Breslin Realty partnered with Fields Grade on The Langdon development project in Lynbrook, NY. The partnership involves joint development and refinancing of the 201-unit residential property.
• KL Masters ConstructioncoreStrategic or Co-development PartnerFields Grade co-founders Jim and Rob Caulfield are active partners in KL Masters Construction. The construction company provides construction services for Fields Grade developments throughout the Tri-State area.

Scale indicators4 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• BLDG Management: New York City-based multifamily owner, developer, and manager active in urban infill markets. Comparable in scale, ownership-and-management model, and Tri-State geographic focus.
• Two Trees Management: Brooklyn-based developer of large-scale residential and mixed-use urban infill projects. Comparable in product type (luxury multifamily rental) and design-led approach to urban residential development.
• The KRE Group: New Jersey-based multifamily developer with deep urban infill experience across Jersey City and the broader NYC metro. Closely comparable in product type, scale, and geographic focus to Fields Grade.
• Ironstate Development Company: Direct predecessor employer of Fields Grade co-founder Greg Russo and a leading Tri-State multifamily developer with a similar luxury urban infill focus. Operates in the same geographic corridor (NJ/NY) and product category (large-scale multifamily rental).
• BRP Companies: Multifamily and mixed-use developer active across New Jersey and New York with similar urban infill project profiles. Comparable in scale, product mix, and target renter demographic.
• L+M Development Partners: Tri-State affordable and mixed-income housing developer with comparable urban infill project portfolio. Overlaps with Fields Grade's affordable housing and mixed-use capabilities and similar geographic footprint.

Broad incumbents

• The Related Companies: Large-scale national developer of luxury residential, mixed-use, and affordable housing including significant NYC-area projects. Comparable luxury urban residential product but at far larger scale and capital base.
• The Durst Organization: Long-established NYC developer and owner of large-scale residential and mixed-use properties including luxury rentals. Overlaps in luxury urban residential product within the same NYC metro geography but operates at substantially larger scale.
• LeFrak: Established, multi-generational NYC-area residential developer and owner of large multifamily portfolios including Newport / Jersey City waterfront assets. Comparable product and geography but at significantly greater scale.
• Toll Brothers: National homebuilder with a City Living division focused on urban multifamily and mid-rise product in Northeast markets. Overlaps with Fields Grade in urban residential design and amenitization.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/fieldsgrade
• LinkedInlinkedin.com/company/fields-grade-development

Revenue estimate

Valuation estimate

Number of profiles

Profiles9 records

Funding overview

Funding rounds1 record

Investors1 record

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 Fields Grade