PRESS RELEASES

Tuesday, July 30, 2013
NEW BOSTON FUND NAMES DAVID WALKER VICE PRESIDENT OF CONSTRUCTION

Walker will oversee all construction projects in the Northeast market

BOSTON – July 30, 2013 – New Boston Fund, Inc., a private equity real estate investment, development and management firm, announced today the promotion of David Walker to Vice President of Construction in the Northeast.

As Vice President of Construction, Walker’s primary responsibility will be as the Owner’s Representative in managing the Suffolk Construction team for the construction of One Greenway. One Greenway is a planned 362-unit mixed-income development bordering Chinatown and the Rose Kennedy Greenway. The project will provide much needed housing while restoring the fabric of the neighborhood that existed on Hudson Street more than 50 years ago

Walker will also provide executive project management and oversight for all New Boston construction projects in the Northeast market, including Olmsted Green and Seaside Village. In this expanded role, Walker will work more closely with the asset and property managers that he oversees.

“David has demonstrated that he is highly skilled in planning and implementing complex construction projects, ensuring that they are completed on time and on budget,” said Gary Hofstetter, Senior Vice President at New Boston Fund. “I am confident that David will continue his successful management of our current Northeast projects in this expanded role.”

Walker began his career working and training as a woodworker and carpenter. In 1986 he received his Massachusetts Construction Supervisors License and started his own business, Walker Woodworking. For the next 10 years his projects included historical renovations, redevelopment projects, commercial and industrial construction, additions, and new homes. In 1996 he took a position with Jordan’s Furniture advancing to become the construction division manager. His duties included managing a staff of employees and contractors to renovate over 400,000 square feet of existing property and stores, and build over 1 million square feet of new construction.

Since joining New Boston in 2006, Walker has served as senior project manager for the Olmsted Green Development, developing over 200 units of housing and multiple phases of infrastructure improvements. He has also been responsible for constructing over 250,000 square feet of retail and office space in North Kingstown, R.I.; the construction of Phase II at Seaside Village, a condominium project in Niantic, CT; reconstructing 54,000 square feet of warehouse and office space in East Hartford, Conn.; and delivering 117,000 square feet of tenant improvement work in Wayne, N.J.

Walker attended Fitchburg State College and holds his Construction Supervisors License.

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 $3.5 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. www.newbostonfund.com

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