About Us
40 Years of Transformative Projects
National Development is a vertically integrated real estate investment, development, and management company. For over 40 years, we’ve been one of Boston’s leading firms, investing across the Northeast and helping shape communities through a legacy of transformative properties. Known for delivering long-term value, we thoughtfully navigate complexity with creativity and the deep experience of our team. To date, we’ve developed and/or acquired more than 40 million square feet across a diverse range of property types and manage over $6 billion in assets through a series of fully discretionary real estate investment funds.
Investment
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National Development manages over $6 billion in assets through fully discretionary real estate funds backed by endowments, institutions, family offices, and high-net-worth individuals. We invest in properties with strong potential for value creation through repositioning, redevelopment, or ground-up development.
Development
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Our team leads projects from acquisition through construction and stabilization, combining market insight with expertise in planning, permitting, design, and financing. We bring deep experience across a wide range of property types, from multifamily and senior housing to industrial, retail, and mixed-use.
Management
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Our property management team oversees nearly 8 million square feet of commercial, industrial, multifamily, and retail space—including over 2,800 apartment units. We focus on maximizing asset value through proactive leasing, strong tenant relationships, community engagement, hands-on maintenance, and clear financial reporting.
Our Mission
We transform projects into vibrant communities—navigating complexity with creativity, generating long-term value for investors, and making a meaningful impact in the places we invest and develop.
Our Values
Collaboration
Collaboration is at the heart of everything we do, both internally and externally. By working closely with cities, towns, and partners, we turn visions into realities and projects into thriving communities. Our greatest strength is our people—a team of 250 professionals with deep expertise across investment, development, management, and all property types.
Community
Each year, we support nearly 60 nonprofits through financial contributions, pro bono project management, and volunteer service. Our leaders serve on key nonprofit boards, fostering civic engagement. Through long-standing partnerships with organizations such as the Community Foundation for MetroWest and Heading Home, we proudly give back to the neighborhoods where we live and work.
Creativity
We do hard things—blending creativity with strategy to bring ambitious ideas to life. Whether it’s through innovative deal structures or creative placemaking, we pride ourselves on thinking outside the box and unlocking the full potential of every project. By drawing inspiration from history, sound planning principles, and the voices of the community, we create practical, high-impact projects that stand the test of time.
Media
National Development Unveils Plan for Transformative Industrial Redevelopment in Hudson
148-acre site will bring new jobs, investment, and long-term economic growth to Hudson HUDSON, MA – National Development, a leading real estate investment, development, and management firm based in Newton, MA, announced today that it will submit plans to the Town of...
National Development Announces State Street Lease Renewal and Expansion at The District
162,000 SF Extension Marks One of the Largest Office Leases in Massachusetts in 2025 Burlington, MA – State Street, the leading U.S. financial services firm, has signed a major lease renewal at The District Burlington, located at 700 District Avenue. The agreement...
National Development Honored for Nonprofit Work Amid Leadership Transition and Strategic Shift
National Development underwent a major transition this year, turning to its next generation of leadership. But the Newton-based real estate firm has an important achievement to span both eras: an industry award for its nonprofit work. The industry group Real Estate...
Awards
2025
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REFA Swain Distinguished Service Award
National Development
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CoStar Impact Award, Commercial Development of the Year
East Hartford Logistics & Technology Park at Rentschler Field
2024
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Boston Preservation Alliance (BPA) Preservation Achievement Award
Iron Works
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Retrofit Magazine's Metamorphosis Award
Iron Works
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MAA New Construction Community of the Year
525 LINC
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ORA's Top 10 Property Management Companies in the Nation
National Development
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Elite 1% ORA Power Ranking for Online Reputation Nationwide
MarketStreet Apartments, Woodland Station
2023
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NAHB Best in American Living Platinum Award for Innovative Housing + Best in Region North Atlantic
7INK
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NAHB Best of 55+ Housing, Independent Living Community Silver Award
Waterstone of Lexington
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MAA Senior Community of the Year
Waterstone of Lexington
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Westchester Home Builders Award for Best 55+ Luxury Development
Waterstone of Westchester
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Multifamily Executive Merit Winner for Senior Housing
Waterstone on High Ridge
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INT Interior Design Award, Multi Unit Residential Interiors
7INK
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Future House Award for Affordable Housing, Social Housing & Community Living
7INK
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World Interior News Award Finalist, Residential Interiors
7INK
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NAA New Construction Community of the Year Finalist
7INK
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Elite 1% ORA Power Ranking for Online Reputation Nationwide
MarketStreet Apartments
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CMAA New England Project of the Year
7INK
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LIV Hospitality Award for Architectural Design Co-Living Space
7INK
2022
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Senior Housing News Architecture & Design Award - Dining
Waterstone on High Ridge
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MAA Achievement Award Finalist for New Construction Community of the Year
7INK
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MAA Achievement Award for Apartment Manager of the Year, Nadia Serret
7INK
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The Ad Club Hatch Award for Best Street Stopper Branding Campaign
Iron Works
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Interior Design Magazine Best of Year Award Finalist, Residential Lobby and Amenity Space
7INK
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Elite 1% ORA Power Ranking for Online Reputation Nationwide
MarketStreet Apartments
2021
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BOMA MAC TOBY Award for Outstanding Building of the Year
The District Burlington
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NAA Best Places to Work Finalist
National Development
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ORA's Top 10 Property Management Companies in the Nation
National Development
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MAA Achievement Award for New Construction Community of the Year
Emery Flats
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MAA Achievement Award for Rising Star of the Year, Jaimi Rich
Ink Block
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Elite 1% ORA Power Ranking for Online Reputation Nationwide
MarketStreet Apartments
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Building Impact Gold Impact Award
The District Burlington, Unicorn Park, 101 Station Drive, National Development
2020
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Multifamily Executive Grand Winner for Senior Housing
Avenu at Natick
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BOMA Boston TOBY Award for Outstanding Building of the Year
The District Burlington
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MAA Achievement Award for Senior Community of the Year
Avenu at Natick
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Elite 1% ORA Power Ranking for Online Reputation Nationwide
Avenu at Natick, Chroma, Emery Flats, MarketStreet Apartments
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WMA Web Award for Most Outstanding Website
National Development
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Building Impact Gold Impact Award
The District Burlington, Unicorn Park, National Development
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Boston Magazine Best of Boston, Outdoor Museum
Underground at Ink Block
2019
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ULI Global Award of Excellence Finalist
Ink Block
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AIA Award of Excellence, Regional and Urban Design
Underground at Ink Block
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Boston Business Journal Best Places to Work
National Development
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Elite 1% ORA Power Ranking for Online Reputation Nationwide
Chroma, Seven Springs
2018
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Commercial Brokers Association Boston, Creative Deal of the Year
Baldor Specialty Foods
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Building Impact Gold Impact Award
Unicorn Park
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Elite 1% ORA Power Ranking for Online Reputation Nationwide
Seven Springs, Chroma
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Boston's Best Urban Canvas Award, The Improper Bostonian
Underground at Ink Block
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WalkBoston Golden Shoe Award
Underground at Ink Block
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Communication Art Award of Excellence in Branding
Underground at Ink Block
2017
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United Way Real Estate & Building Industry Leadership Award
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Golden Shoe Award for Increasing Walkability in the City of Boston
Underground at Ink Block
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Building Impact Gold Impact Award
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Architecture MasterPrize Winner for Interior Design / Residential
Ink Block
2016
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Building Impact Gold Impact Award
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World Interior News Finalist for Residential Development Interiors
Ink Block
2015
2014
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Building Impact Silver Impact Award
2013
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Commercial Broker’s Association, Landlord of the Year
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BBJ, Best Office
Fort Point Portfolio
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BBJ, Best Rehab/Renovation
200 Unicorn Park
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NAHB Best 50+ Senior Housing
Waterstone at Wellesley
2011
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NAIOP Distinguished Real Estate Award
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The American Consulting Engineers Council of Massachusetts, Excellence Award



