On October 1st, Charles River Realty Investors announced that it had closed its $400 million Fund 4 and that it was combining with National Development to form a seamless, vertically-integrated real estate investment, development, construction and operating company.
Since Charles River’s formation in 2006 as the investment management platform of National Development, the firms have committed over $4 billion in real estate investments, with a primary focus on creating value through urban and mixed-use development, redevelopment and renovation/repositioning, and produced top-tier returns for its investors.
Brian Kavoogian has become a Managing Partner and a member of the National Development’s Executive Committee. He will continue to have a primary focus on the firm’s new investment activity. Going forward, National Development will maintain its approach and strategy, with a focus on creating great places and providing its investors with attractive risk adjusted returns.
For more information and the investor log in portal, please visit www.natdev.com