Monday, November 24, 2014

Ft. Lauderdale, Fla. – November 24 2014 – New Boston Fund, Inc., a private equity real estate investment, development and management firm, announced today that Sarah Marchitto has been awarded the Ron Macklin Scholarship for the second year in a row. Marchitto is currently an Assistant Property Manager at BayView Corporate Tower, New Boston Fund’s Class-A office building in Fort Lauderdale.

“Being awarded the Ron Macklin Scholarship is a great accomplishment in that this assures that our property manager members are well educated and that they will continue on an upward trajectory in the industry,” said Melanie Schrul, Executive Director of BOMA Ft. Lauderdale/Palm Beaches. “We are so pleased that Sarah will pursue her RPA (Real Property Administrator) designation.”

Established by Building Owners and Managers Association (BOMA) Fort Lauderdale/Palm Beaches, the scholarship honors past president and board member, Ron Macklin. It recognizes Ron’s focus on excellence and his lifelong commitment to education, and developing and mentoring real estate professionals. BOMA Fort Lauderdale/Palm Beaches has also renamed its annual golf tournament as The Ron Macklin Memorial Open. A portion of the proceeds are donated to the education scholarship fund.

“I am honored to again have been selected for this award,” said Marchitto. “Last year’s scholarship has allowed me to take classes to further my career in property management and I look forward to continuing to pursue Real Property Administrator (RPA®) certification.”

At BayView Corporate Tower, Marchitto is responsible for helping run operations at the 413,000-square-foot building, processing accounts payable, as well as completing vendor contracts and managing insurance policies for the property’s tenants and vendors. The property is located directly on Federal Highway, less than one mile from Fort Lauderdale beaches and the Intercoastal Waterway. Tenants at BayView include Whole Foods, CHG Healthcare, Kovack Securities, Intermedix and Landmark Worldwide.

Marchitto is an active member of BOMA Fort Lauderdale/Palm Beaches, the market in which she currently resides. Marchitto attended Florida Atlantic University where she studied business management.

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.


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