BOSTON: Hamilton's Still On Top

At The Hamilton Company's 60th anniversary celebration Saturday, chairman and CEO Harold Brown (New England's largest independent multifamily owner, above with wife Maura) revealed some of the secrets of his success: buy low, innovate, and hold long term; run a lean operation with low leverage; build a stable, collaborative team; and give back. (Notice he didn't say a word about the color of your tie. Brooks Brothers is lying to you.) With a $1.5B portfolio (5,500 apartments, 2.5M SF of commercial), Harold, 89, says the company isn't about him. It's about creating places for people to live and work, and about generating jobs.

Harold's son Jameson (above) runs The Hamilton Company Charitable Foundation. Among Hamilton's innovations: the first pool in a Boston-area apartment building (it's crazy to think there was a time when that had never been done), basement apartments marketed as garden apartments; and adaptive re-use of industrial buildings into multifamily buildings. Last year, the company made $130M in acquisitions. The company has 130 employees (most quite young), an overall vacancy rate of about 2%, and enough cash flow to make it a buyer during the next downturn.

Continue reading this story with a free account

Log in or register
Sign up for more articles like this
Subscribe to Bisnow's National Newsletters
Related Stories

Wall Street Impatient For Big Tech Returns On Data Center Spending

As AI Adoption Ramps Up, Half A Million Property Managers Are In The Crosshairs

Treasuries Hover Around 4.7% As Wall Street Questions If Warsh Is A 'Dove In Hawk's Clothing'

Avison Young Had Assets Frozen By Bank Over Unpaid Taxes

Camden Property Trust Sells West Coast Portfolio, Clears $1.5B Target

Churchill Downs Plans To Sell 9 Casinos, Focus On Horse Racing

Bringing Stability And Savings To CRE Insurance Through Working Layer

More Hotel Owners In Need Of Cash Are Getting It From The Big Brands

Former Arms Dealer Targeting Heartland Apartment Takeover Files For Bankruptcy

SEC Charges REIT, Its Founders With Alleged $152M Fraud Scheme

Equinix Ramps Up Spending Plans Amid Faster-Than-Expected AI Shift

Cortland, Pulte, INVH, Walker & Dunlop Execs Talk Changing Demographics, AI