Tuesday, December 04, 2012

Delray Beach, Fla. (December 4, 2012) – New Boston Fund, Inc., a private equity real estate investment, development and management firm, announced today the promotion of David Schneider to Vice President of Acquisitions for the Southeast region.

Schneider will be responsible for new business development and leading acquisitions efforts for the firm’s portfolio in Florida and North Carolina. He will be working with his team to build New Boston’s presence in these Southeastern states through strengthening relationships with the local real estate community. Schneider’s first significant project in his new role was leading the underwriting and due diligence process to close on the purchase of Waterford Centre, a 91,000-square-foot Class-A office building located in Miami, Fla.

“David has been a key member of our team helping to increase New Boston’s visibility in the Southeast,” said Pryse Elam, Senior Vice President and Regional Director of the Southeast region at New Boston Fund. “He has thrived in this entrepreneurial atmosphere and we look forward to his continued growth in this role as we seek to expand our portfolio of value-add type of assets.”

New Boston hired Schneider in 2010 as a Senior Associate where he supported the acquisitions team by performing detailed analytics as well as supporting the asset management division of the Southeast office. Prior to joining New Boston, Schneider was a Senior Analyst for LNR Property in Miami working in loan asset management. He also previously worked in the acquisitions group for Sterling American Property, a New York-based real estate fund.

Outside of work, Schneider is involved with the local real estate community through various trade organizations, such as NAIOP and the Urban Land Institute (ULI). A member of ULI for more than five years, he has served on the Palm Beach Young Leaders Committee for the last two years. In addition, Schneider sits on the NAIOP Developing Leaders Steering Committee of South Florida.

Schneider holds a Masters in Business Administration from Columbia Business School, as well as a Bachelor of Arts degree in economics and mathematics from the University of Pennsylvania.

About New Boston Fund
New Boston is an independent, privately owned real estate investment manager and an industry leader in providing real estate investment, development and management services with a history of strong sponsorship and oversight of its investment funds. New Boston has developed or acquired commercial and residential properties with a cumulative market value of about $4.4 billion, including 23 million square feet of commercial real estate and 7,500 residential units. Our investment vehicles cater to institutional and high-net worth investors by offering value-add and urban real estate investment funds with a focus on diversification and capital preservation. The New Boston Fund: People, Values, Returns.


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