Rick Carmody's Contact Details

Rick Carmody's Company Details

Harbor Real Estate, LLC

Newton, Massachusetts, United States • 4 Employees
Real Estate

The Principals of Harbor Real Estate, LLC have more than seventy-five years of combined successful experience of buying and operating real estate holdings. They have collectively acquired more than sixty million dollars of real estate in the last twenty-four months, and expect to more than double that amount in the next twelve months. The Principals have collectively acquired and currently operate over 1,500 residential units. Harbor Real Estate, LLC. (Harbor) identifies, acquires and manages real estate properties in growing markets throughout the U. S. Equity partners that join in acquisitions receive the benefits of real estate ownership without the headaches of property selection and management. Harbor has formed partnerships to purchase individual residential properties as well as, multi-million dollar multi-family assets. At present, Harbor is invested in five states and is continually examining new markets for future investment. Harbor Real Estate, LLC. uses proprietary criteria to identify new markets based on economic trends for market growth. Within those markets, Harbor seeks properties with opportunities for added value by improving property management, physical upgrades, and market development. Further, Harbor develops networks within the target markets that allow it to identify desirable properties before they have been broadly marketed. Property selection begins with identifying the investment opportunities within a market. Current acquisitions are focused multi-family residential properties. Harbor uses computer modeling to analyze properties for current and future cash flow, present value, and future potential. Properties must meet specific proprietary metrics in order to be included in the real estate portfolio.