Thomas A. Powers

Principal - Consultant - Project Manager at Powers Realty Development & Consulting LLC
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Location
Cohasset, Massachusetts, United States, US

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Very Smart, energetic, real estate pro....

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Experience

    • Principal - Consultant - Project Manager
      • Oct 2019 - Present

      Sourced a 15-acre site and secured national developer to permit and approve a $76M, 196 unit, Senior, Active Adult multifamily LIP 40B Comprehensive Permit Development in Shrewsbury, MA.Sourced a 18-acre development site and secured national developer to permit and approve a $65M, 180 unit, Senior, Active Adult multifamily LIP 40B Comprehensive Permit Development at the Ashland Commuter Rail Station, Ashland, MA.Represented Owner/Seller and sourced a 28-acre development site and secured regional developer to permit, approve and develop a $135M, 398-unit, multifamily LIP 40B Comprehensive Permit Development at the Ashland Commuter Rail Station, Ashland, MA. Show less

    • Principal - Consultant - Project Manager
      • Jan 2013 - Sep 2019

      As a Consultant, represented Owner/Seller in master planning for the 200-acre Ashland Commuter Rail Station development. Assisted in obtaining $6.0M MassWorks Grant for road infrastructure; securing 20-acre master land lease for a 5.9 Mega-Watt solar array; and 93 acre land sale to the Town of Ashland for recreation / open space.

    • Principal - Consultant - Project Manager
      • Jan 2003 - Dec 2012

      Assited multiple developers / owner-investors with the acquisition, redevelopment and development of suburban office and mixed-use projects in Newton, Needham, Waltham, and Cohasset, MA. Identified and acquired a 135,000 sq. ft., $65M multi-building portfolio; sourced and developed a five acre, 75K sq. ft. mixed-use retail/residential development; and managed and directed three private placement offerings. Assited multiple developers / owner-investors with the acquisition, redevelopment and development of suburban office and mixed-use projects in Newton, Needham, Waltham, and Cohasset, MA. Identified and acquired a 135,000 sq. ft., $65M multi-building portfolio; sourced and developed a five acre, 75K sq. ft. mixed-use retail/residential development; and managed and directed three private placement offerings.

    • Chief Operating Officer, New England Region
      • Jul 1998 - Jan 2002

      New England Chief Operating Officer of a private REIT owned and operated by Wellsford Properties and Whitehall Funds. Responsible for recruiting and management of 15 professionals and the oversight of acquisition, development and asset management activities for a $500 million office portfolio and $100 million of suburban office building development. New England Chief Operating Officer of a private REIT owned and operated by Wellsford Properties and Whitehall Funds. Responsible for recruiting and management of 15 professionals and the oversight of acquisition, development and asset management activities for a $500 million office portfolio and $100 million of suburban office building development.

    • United States
    • Real Estate
    • 1 - 100 Employee
    • Director Equity Origination & Asset Management
      • Apr 1993 - Jun 1998

      Co-raised in excess of $150 million in high net worth captial, family office and pension fund equity for acquisition fund, development and distressed asset recapitalization. Co-raised in excess of $150 million in high net worth captial, family office and pension fund equity for acquisition fund, development and distressed asset recapitalization.

Education

  • University of Hartford
    Bachelor of Arts - BA, Economics, English

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