Wednesday, October 2, 2019

National Development gets $400M round of funding, merges with Charles River

Boston Business Journal
Newton-based real-estate firm National Development is absorbing its longtime investment management platform, Charles River Realty Investors, on the heels of Charles River closing a $400 million fundraising round.

The merged entity will operate as one firm, with Charles River Realty executive Brian Kavoogian becoming one of National Development’s managing partners. Six Charles River employees will become National Development employees as well. The company will operate as a “seamless, vertically-integrated real estate investment, development, construction and operating company,” according to a press release.. . . more