The Rappaport family of Boston founded New Boston Fund in 1993 in order to leverage opportunities created by the region’s real estate downturn. As major players in the Northeast real estate sector since the early 1950s, the Rappaport’s have built an extensive portfolio of successful real estate development and investment projects.
Prior to establishing New Boston Fund, the family’s experience can be highlighted by many influential projects such as the development and management of Charles River Park, Boston's leading mixed-use residential community consisting of more than 2,000 apartments and 500,000 square feet of retail and office space.
Since the company’s founding, New Boston has evolved and matured from a family run firm to an 88 person national real estate investment manager with one of the most respected and dedicated senior management teams in the industry. Headquartered in Boston, New Boston Fund has grown to include fully staffed regional investment offices in the Washington, D.C. area and Florida. The firm's investment activity has totaled more than 23 million square feet of commercial real estate and more than 7,500 residential units.