Business Details
50+ Years
experience
Trusted Property Management & Real Estate Development in New England
Founded in 1973 by Jay R. Schochet, our company has built a legacy of excellence in real estate development, investment, and property management across New England. Headquartered in Braintree, Massachusetts, we own and manage over 5,500 apartments and 125,000 square feet of commercial space, with regional offices in Rhode Island, Connecticut, and Maine. Our expertise spans affordable housing preservation, market-rate developments, and luxury properties, supported by a team of nearly 200 professionals. We prioritize community impact through sustainable practices, having completed 175+ energy conservation projects and reduced energy use by 16.4%. Our properties emphasize resident well-being, offering educational programs, health initiatives, and social services coordinated by dedicated staff.Recognized as an Accredited Management Organization (AMO) by IREM and HUD-certified green property managers, we combine regulatory expertise with innovative solutions. Our partnerships with local governments and nonprofits have preserved thousands of affordable units, including landmark projects like Newcastle Saranac Apartments. We maintain industry leadership through memberships in ULI, NAA, and NAHMA, with team members holding SHCM and NAHP-e certifications. Celebrating 50 years in 2023, we remain committed to creating value for residents, investors, and communities through ethical practices and operational excellence.
Services
Property Management
Real Estate Development
Affordable Housing
Investment Services
Commercial Management
Details
- Year established: 1973
Highlights and features
- 50+ years of real estate expertise across New England
- Manage 5,500+ apartments and 125,000+ sq ft commercial space
- AMO-accredited property management professionals
- HUD-certified green sustainability leaders
- Preserved 3,500+ affordable housing units through public-private partnerships
Associations and certifications
- Accredited Management Organization (AMO)
- HUD Green Property Management
Services
Property Management
We manage 5,500+ apartments and 125,000+ sq ft commercial space with expertise in regulatory compliance and resident services. Our team navigates federal/state housing programs while maintaining NAHMA-recognized quality standards. Services include financial administration, leasing, and government relations for market-rate and affordable housing.
Real Estate Development
Specializing in new construction and historic preservation, we develop mixed-use properties and affordable housing. Our projects include luxury condos, elderly housing, and adaptive reuse of historic buildings like the Weldon House hotel conversion.
Affordable Housing
We preserve and develop affordable housing through LIHTC transactions and public partnerships. Notable projects include preserving 97 units at Newcastle Saranac and managing 504 units at Fresh Pond Apartments with specialized senior services.
Investment Services
Our investment division structures acquisitions and syndications, leveraging relationships with 500+ investors. We focus on value-add opportunities in established markets, combining financial modeling expertise with operational insights.
Commercial Management
We manage 125,000+ sq ft of commercial space including retail, office, and restaurant properties. Services cover leasing, tenant relations, and capital improvements to maximize asset performance across New England markets.
People
Richard J. Henken
President and Chief Executive Officer
Leading Schochet since 2004, he has closed $1B+ in transactions and preserved 3,500+ affordable units. Holds economics degrees from Tufts and MIT Sloan, with board roles at Hebrew SeniorLife and GBREB.
David S. Flad
Chief Operating Officer
Manages property operations since 2009 with MIT urban planning expertise. Holds CPM, NAHP-e, and C3P certifications, bringing 35+ years of multifamily housing experience from Boston Financial Group.
Brian Tewksbury
Chief Financial Officer
Oversees financial operations since 2008, specializing in HUD and LIHTC programs. Instrumental in $100M+ in financings, with accounting credentials from Novogradac & Co. and Northeastern University.
Peter Lewis
Executive Vice President of Property Management
30+ years in affordable housing with NAHMA leadership roles. Holds CPM, SHCM, and CGPM certifications, managing portfolios up to 3,000 units while ensuring regulatory compliance.
Albert A. Rodiger
Vice President of Acquisitions and Development
30-year real estate veteran specializing in public-private partnerships. Directed $500M+ in affordable housing transactions, with prior roles at DHCD and Boston Capital, holding MIT planning credentials.
Questions
What services does Schochet Companies offer?
We provide property management, real estate development, investment services, and affordable housing solutions across New England.
Which areas do you serve?
Our primary service areas include Massachusetts, Rhode Island, Connecticut, and Maine.
How does Schochet approach sustainability?
We implement energy conservation projects, achieving 16.4% energy reduction and $9M+ in utility savings since 2011.
What community programs are available?
We offer resident services including educational programs, health initiatives, and social activities at our properties.
How long has Schochet been in business?
Founded in 1973, we celebrated 50 years of real estate expertise in 2023.
Videos
