UrbanMeritage
Real EstateMassachusetts, United States2-10 Employees
Founded in 2006, UrbanMeritage, LLC is a private real estate investment firm dedicated to providing its investors with superior risk-adjusted returns. We accomplish this through the acquisition, development and management of high quality commercial real estate located in core urban markets. With over 45 years of collective real estate experience and over $300 million of acquisitions and development to date, the principals of UrbanMeritage have the expertise and resources to maximize the full potential of each investment opportunity. The principals of UrbanMeritage are the architect behind The Newbury Line Portfolio and directed the acquisitions, leasing, development, and asset management of the portfolio. The Newbury Line successfully acquired twenty-eight buildings at a cost of $155,000,000, in a series of fourteen transactions. Over a four-year period The Newbury Line became the leading Landlord on one of the world’s premier retail streets. The Newbury Line was sold to Jamestown Properties in October of 2011 for a total price of $226,500,000. UrbanMeritage continues to provide leasing, asset management and construction management services to Jamestown Properties. In 2013, UrbanMeritage launched The UrbanMeritage/Novaya Real Estate Ventures Back Bay Retail Fund, an investment program targeted to continue their success on Newbury Street and in Boston's Back Bay. Acquisitions under the new fund include: --> 7-9 Newbury Street --> 8 Newbury Street --> 79 Newbury Street --> 123 Newbury Street --> 125 Newbury Street --> 126 Newbury Street --> 166 Newbury Street --> 175 Newbury Street --> 205 Newbury Street --> 207 Newbury Street --> 211 Newbury Street --> 240A Newbury Street --> 344 Newbury Street --> 346 Newbury Street Additionally in a joint venture with Novaya and Invesco Real Estate, we have purchased The Shoppes at The Hotel Commonwealth, a 36,000 sf retail condominium in the heart of Kenmore Square.
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