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Northern Equity Investments, LLC

Northern Equity makes alternative investments in distressed real estate that create yields higher than available in today's marketplace.

  • Stage Full Product Ready
  • Industry Other
  • Location Wilmington, MA, USA
  • Currency USD
  • Founded June 2012
  • Employees 4

Company Summary

Northern Equity is a group of seasoned real estate professionals that acquire distressed multi family real estate using a model of disciplined underwriting and measurable results. These investments stimulate both the local and national economy by rebuilding communites of distressed properties which benefits neighborhoods and local businesses. Northern Equity's customer base includes local renters, lending institutions and our investors.

Team

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    Edward J. Riekstins
    Principal

    For the past 20 years, Ed has been President of Q10/New England Realty Resources until the sale of his company to Northmarq Capital in January of 2012. Ed has structured in excess of $1B in commercial real estate deals including debt, equity, mezzanine, bridge loans and disposition of assets. Ed has a BA from Boston University and an MBA from Bentley College. Ed is also an active member of the Mortgage Bankers Association of America

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    James (Jamie) M. Whelan
    Principal

    Jamie previously worked for Q10/New England Resources, LLC generating debt and equity opportunities in Maine and New Hampshire. Prior to Q10, Jamie was in charge of a 1,500 unit portfolio of multi family properties in Maine and New Hampshire for Princeton Properties, one of the largest apartment owners in the country. Jamie is past president of MEREDA and is a member of its Board of Directors.

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    Joel Kahn
    Principal

    Joel is managing partner of Equity Alliance, LLC a full service real estate consulting firm in business for over 25 years. Joel's experience as a "real estate counselor" includes 1000+ units of multifamily development, single tenanted, anchored strip and retail centers and multi storied office projects. Joel provides a variety of specialized services including project and construction management.

Advisors

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    Jack Conway, Auburn, Maine & Scott Garrant, Wilmington, MA
    Lawyer
    Unconfirmed
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    Mark Morganelli, CPA, Wilmington, MA
    Accountant
    Unconfirmed

Previous Investors

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    A variety of 16 different private investors with investments ranging from $25,000 to $1,000,000.
    Unconfirmed