Charles River Realty Investors, LLC was formed in 2006 by Brian Kavoogian and National Development to make value-added real estate investments on behalf of its institutional clients through a series of discretionary commingled funds. The firm is currently investing the $290 million Charles River Realty Fund III, L.P.
On behalf of its institutional clients, Charles River seeks a range of investments involving well-located commercial real estate in which, through the investment of capital and employing of our operating expertise, property income can be increased through re-leasing, repositioning, or redevelopment, thereby creating value. We invest throughout the Northeast, with a particular focus on the Boston metropolitan area. In addition to making direct equity investments which will be operated by National Development, we will invest in joint ventures with third-party owners and operators. We invest in all major property types, including office, industrial, retail and housing, as well as healthcare-related properties (senior housing, medical office, research lab) and hospitality.
Charles River Realty Fund I, L.P. is a $170 million fully discretionary closed-end, commingled fund. Fund I invested in over $1.1 billion of real estate within the metropolitan Boston market and is no longer making new investments.
Charles River Realty Fund II, L.P. is a $255 million fully discretionary closed-end, commingled fund. Fund II invested in $1 billion of real estate within the metropolitan Boston market and is no longer making new investments.
Charles River Realty Fund III, L.P. is a $290 million fully discretionary closed-end, commingled fund. Comprised primarily of educational endowments, charitable foundations and family offices, Fund III completed its final closing in April 2016.