Davis

Davis today announced that it has expanded its capital base by $977.1 million amid the industry’s most challenging fundraising cycle in more than a decade. Davis has raised $877.1 million into Davis Investment Ventures Fund V, in addition to a co-investment sidecar vehicle totaling $100 million, to capitalize on market dislocations across multiple asset classes, with an emphasis on our three core investment verticals of multifamily, science and technology, and industrial and self-storage. “At an historically difficult time to raise private real estate capital, the success marked by the final closing of Fund V, our largest to date, represents strong investor endorsement of our vertically integrated developer/operator platform,” said Stephen Davis, President of Davis. “We have a nearly 50-year track record of unlocking superior investment opportunities which are not widely recognized by the market, particularly at times of disruption and uncertainty. We owe our success to the extraordinarily talented team of investment, development and management professionals who comprise our organization, wielding both a sophisticated understanding of our assets and the relentlessness that it takes to unlock their value." For more information, see today’s press release:  https://lnkd.in/dMhmB8wW

Davis recently celebrated the topping off of our 97-unit multifamily project with GC, Broadway Construction Group, LLC at 1975 Madison in Harlem, NYC. Designed by DXA Studio, the eight-story building will house one and two-bedroom units, and approximately 30 affordable residences. Amenities include a state-of-the-art fitness center, resident lounge, coworking space, pet spa and a gorgeous rooftop terrace. The building also features a 2,500 SF community center located on the ground floor currently available for lease. Completion is slated for late 2025. The topping off of this project represents an exciting milestone in the redevelopment and we are extremely proud of the hard work of our construction team and of the collaborative process that made this project possible. #ToppingOff #HarlemMultifamily #LuxuryResidential

Davis is #hiring in Boston, MA. Apply today or share with your network! Reach out to Michelle J. Elman for more information on a career at Davis! https://lnkd.in/dQCiY4im

Davis and Boston Development Group are proud to host a 25K SF solar configuration at 66 Galen Street in Watertown, MA. This next-generation development with 224K SF of lab space is an incubator for discoveries in life science. The design of the complex is equally future-looking, having adapted sustainability as a fundamental value. The building is certified LEED Gold which is attributed to several of its design features, from its durable, heat-resistant exterior, recaptured energy, and sensitive lighting technology to its ample on-site green space and effective water conservation system. For information on leasing or spec suites at 66 Galen Street please contact Bob Richards, Anslee Krouch, Sam Crossan, Benjamin Coffin or Duncan G. #Watertown #LifeScience #LabSpaceForLease

On June 21st, Rachel Edwards VP, Investments, led a discussion at the 24th annual IMN U.S. Real Estate Opportunity and Private Fund Investing Forum on Distressed Opportunities. The discussion focused on the types of distress groups are targeting, including multifamily, office, and retail properties. It delved into the specific characteristics and challenges associated with each property type, such as occupancy rates, tenant stability, and market demand. Additionally, the conversation addressed the legal and regulatory challenges investors are encountering, including navigating complex foreclosure processes, understanding jurisdictional differences between judicial and non-judicial foreclosures, and complying with evolving zoning laws and environmental regulations. The panelists also explored strategies for overcoming these legal and regulatory hurdles to successfully manage and turn around distressed assets. #MultifamilyDevelopment #DistressedREInvesting

We are pleased to announce the completion of 101 Smith Place Davis and Invesco US's Class A life science and lab building encompassing over 161K SF and the lease signing of the building's first tenant, Samsung SDI. Through preleasing efforts and investment in spec suite construction, we secured a long-term lease agreement with the South Korea-based, battery and electronic materials manufacturer that is majority owned by Samsung Electronics. Samsung SDI will occupy a 13,604 SF spec suite on the 3rd floor upon completion of the suite’s construction in December 2024.   For information on leasing or spec suites at 101 Smith Place please contact McKenna Teague Repko, Tess St. Lawrence, Eric Smith or Jack Scribner or Duncan G. #Watertown #LifeScience #LabSpaceForLease

We're thrilled to be nearing completion of our 1515 Commonwealth Avenue development which will introduce 252 units of luxury housing across two distinctive buildings: 1515 Comm Ave, an eight-story condominium structure offering 102 units; and Hew, an eight-story rental apartment building featuring 150 units. This uniquely positioned two-acre hilltop site offers unobstructed views of the Boston skyline. Notable features include 30,000 square feet of landscaped green space and a pedestrian path to Overlook Park. Please reach out to The Collaborative Companies for sales and leasing information. #BostonMultifamily #LuxuryResidential #BostonRealEstate

The Davis Team recently held our 2024 Annual Investor Meeting at the Omni Boston Hotel at the Seaport. Attendees heard directly from Davis’s senior leadership team and vertical leads about the current real estate landscape, the economic drivers impacting our portfolio, and the future of our investments. The discussion spanned topics across key asset sectors such as Science and Tech, Residential, Industrial and Alternative Investments with various Davis team members sharing insights on investment, development, and leasing activity in the portfolio and larger market. We welcomed Andy Bowman, CEO of Jupiter Power, who gave a fascinating keynote presentation on the grid and the future of energy. The day concluded with tours of two key Davis assets and their respective development sites. #AnnualInvestorMeeting #CommercialRealEstate #PrivateEquityInvestment 

Now leasing at 10 Wilson Road, 13,776 - 29,871 RSF fully furnished lab spec suite, part of Davis and Invesco US’s Quad Campus in Cambridge, MA. 10 Wilson’s top floor spec suite offers all new lab equipment, benches, and substantial infrastructure as well as collaborative office space with a mix of conference, huddle rooms and perimeter offices. The spacious open kitchen has café seating plus tenants have access to the notable, Kendall Kitchen located on the building’s ground floor. The campus has Bluebikes, a shuttle to Alewife Station and a state-of-the-art fitness center.   View the virtual tour: https://lnkd.in/d-bKX7KU and to learn more about 10 Wilson’s availability reach out to Eric Smith, McKenna Teague Repko, Tess Chandler, Jack Scribner or Duncan G.   #TheQuadCambridge #BostonLifeScience #LifeScienceSublease #CambridgeLabSpace

Watertown’s newest purpose-built lab building developed by Davis and Boston Development Group and designed by Elkus Manfredi Architects offers state-of-the-art lab space and move-in-ready ±9,500 – 60,500 RSF spec suites. The building boasts a health & wellness focused amenity package including a fitness center, bike storage with repair station, hospitality-inspired lobby, over one acre of green space, spacious rooftop mechanical penthouse, lounge spaces with views of the Charles River, expansive parking garage with EV spaces and the dynamic Watertown Square location that’s easily accessible on foot, by bike or via our dedicated shuttle service to Boston and Cambridge.   View the virtual tour https://lnkd.in/dCnR_dUW or contact Duncan G. for more information. #PurposeBuiltLab #LifeScienceLeasing #LifeScienceRealEstate #NextGenerationLab #LabSpecSuite