Boston Property Development is committed to developing safe and environmentally friendly residential and commercial property in and around Boston, Massachusetts. The principals of Boston Property Development are native to the Boston area and have an entrenched network of real estate brokers, tradesmen and professional advisors. We nurture these relationships with the highest degree of integrity and professionalism and utilize this network to efficiently develop and redevelop properties throughout the Greater Boston area.
Boston Property Development LLC is a vertically integrated organization whose principals have been acquiring, developing and managing real estate since 2001. Boston Property Development has been producing consistent results in the residential and commercial real estate markets for nearly a decade and always operates with the highest level of integrity.
Boston Property Development specializes in locating under utilized real estate assets and unleashing the value of the property by developing it to its optimal use. In the early to mid 2000s, BPD's business activities were primarily focused on redeveloping multi-family buildings for sale as condominiums. Over this period, BPD's principals converted 23 buildings into 76 condominium units generating over $34 million in sales revenue. These buildings were located in Boston neighborhoods, primarily South Boston, Dorchester and the South End.
Beginning in 2005, BPD adjusted its strategy and began focusing on retail and residential rental properties. Continuing to target neighborhoods in the Greater Boston area, BPD has acquired over $45 million in properties consisting of 32 commercial units and 129 residential units. As with condominium conversions, BPD leverages core competencies in financial analysis, zoning code analysis, construction management and property repositioning to maximize the net operating income of its rental portfolio.
The two leading principals of Boston Property Development, Peter McLoughlin and Teddy Ahern, come from dynamic and complementary backgrounds. Peter is financially oriented and spent 6 years working in investment banking honing his financial and project management skills. Teddy has been surrounded by construction work his entire life. He has been working on buildings for over 25 years and has relationships that span decades in and throughout Boston's trades groups and development related organizations. The two have combined their skills to form an excellent team that is action and results oriented.