National Development Combines with Charles River Upon Close of $400M Funding Round

Charles River Realty Investors announced that it has closed its $400 million Fund 4.  In conjunction with the closing of the fund, the firm announced that it was combining with National Development to form a seamless, vertically-integrated real estate investment,...

National Development closes on 156-unit Marlborough apartment complex

On August 22nd, National Development closed on the purchase of Avalon Orchards in Marlborough, MA.  Built in 2002, the 156-unit apartment complex, which will be renamed Orchard Apartments, is located on nearly 23-acres on Boston Post Road. Orchard Apartments consists...

Andrew Gallinaro Named Partner

Andrew Gallinaro has been promoted to Partner, Director of Asset Management. Andrew joined National Development in 2010 as part of its acquisitions team and, in 2016, became Senior Vice President, Director of Asset and Property Management. Managing a team of nearly...