Windsor Ridge, Westborough, MA
- The General Investment & Development Companies (“GID”) are diversified investment companies with the resources to sustain strong, stable growth well into the 21st century.
- Since its formation in 1960, GID has built its various businesses on sustainable quality and service.
- Over its 53-year history, GID has developed and acquired a wide spectrum of real estate from primary homes, resort condominiums and multifamily rental apartments to suburban office properties, research & development properties, flex industrial business parks, limited service hotels and historic commercial property restorations.
- In its traditional business activities, GID has developed or acquired over 53,000 apartment homes and over 13 million square feet of commercial space.
- GID’s current business activities are focused primarily in the multifamily (both domestic and international), suburban office and industrial/flex business park sectors. GID is an active buyer and/or developer of these types of real estate on behalf of its institutional co-investments partners and for its own account.
- GID has 3 million square feet of residential construction underway (representing approximately 1,800 multifamily units) through direct and joint venture investments in Brazil and India.
- GID has 12 million square feet of mixed use projects in various phases of design and construction.
- GID also invests in the public sphere of real estate securities through its hedge fund management affiliates, Merestone Capital Management LLC and Monashee Investment Management LLC.
- As of March 31, 2013, the company’s current portfolio consists of over 18,682 apartment homes (including 542,386 square feet of commercial and retail space) in 79 properties located in 14 states, 3.6 million square feet of flex industrial space in 11 business parks located in 6 states, and 1,097,038 square feet of office space in 7 buildings located in 5 states. In addition, the company currently has under development 11 multifamily properties totaling 3,141 apartment homes located in 6 states.
- GID operates nationwide from its headquarters in Boston, Massachusetts and 6 regional offices (Waltham, MA; Arlington, VA; Atlanta, GA; Denver, CO; San Francisco, CA; and Orange, CA).
- GID has total employment of over 600 professionals and associates.