DEVELOPMENT & ACQUISITIONS

JMC has developed or invested in more than 16,000 apartment homes and more than 1,000,000 square feet of suburban office, research, and development space throughout New England. We have also invested in other locations, including Florida, Georgia, Michigan, New York, South Carolina, Tennessee, Texas, and Washington D.C. Our experience includes developing and operating market-rate condominiums and apartment communities as well as publicly and privately held mixed-and low-income housing. We design communities that are both a pleasure to live in and to visit, and each is built to reflect the unique aspects of its location. We then draw on our extensive management expertise to maximize operational, management, and maintenance efficiencies in all our properties. We pride ourselves on our communities and hold many of our developments over the long term. This practice of remaining long-standing corporate residents in the areas in which we operate—along with the reputation of our company—enables us to successfully negotiate development approvals in towns and cities where others have struggled to achieve similar success.

JMC actively pursues opportunities to purchase existing apartment communities throughout New England. Typically, these communities have 100 or more apartments. The age and condition of a property is not a factor, as we have the capacity to address significant structural and environmental challenges. Our primary areas of focus include Massachusetts and Rhode Island; the southern and central portions of Maine, New Hampshire, and Vermont; and Connecticut from Hartford eastward. We will also consider properties in other New England locations. We conduct a thorough and well-structured due diligence process to inspect all aspects of a property. Maintenance professionals examine and document the condition of apartment interiors and building exteriors. Property managers review files and financial records. Our marketing professionals study local demographics, market trends, digital presence, and rental rates, providing our properties with actionable insights.

JMC looks to enter into fruitful joint venture partnerships to realize and maximize the full potential of each real estate opportunity. By working collaboratively and with aligned interests, through our sound management practices and expertise in development, acquisition, and sales, these partnerships can maximize returns on high-quality investments with an eye towards the long-term hold. As established by Founder John M. Corcoran, the company’s core values are rooted in honesty and integrity, and we bring those values into every partnership. From taking troubled assets and creating value-add opportunities to ground-up new development, JMC and its Joint Venture Partners are able to make best use of sophisticated financing structures to realize the full potential of each property to maximize the returns to each party. With a proven track record of successful partnerships in both public and private sector entities over our 65+ year corporate history, JMC has established a stable of partners which we often venture with on multiple projects. We actively seek to leverage our strengths, together with those of our partners, and are poised to quickly respond to each new opportunity.

JMC is environmentally aware and committed to sustainable construction and management practices. In 2007, JMC introduced New England’s first large-scale apartment community to receive LEED certification – Parkside Commons in Chelsea, MA. In our portfolio of managed properties, buildings of all ages are energy efficient because of the company's accomplishments in sustainable retrofitting. This has included upgrading heating boilers, converting to LED lighting, installing low-flow water devices, increasing natural lighting, and reducing landscaping needs. In addition, we partner with over 87 multifamily management firms in publishing energy savings reports for others to follow. In return, JMC has received over two million dollars in incentives from the federal government, community action groups, and utility companies to use for energy-efficiency improvements. JMC has also received accolades at a national level for its green buildings. The U.S. Department of Energy’s “Better Buildings” initiative recognized John M. Corcoran & Co's McNamara House in Allston, MA as a national leader in energy efficiency retrofitting.