NEEDHAM, Mass. – NAIOP Massachusetts, the Forum for Commercial Real Estate, is announced that The Bulfinch Companies, Inc., has been selected to receive NAIOP's 2007 Distinguished Real Estate Award. The award will be presented to brothers Eric and Robert Schlager, the CEO and President of Bulfinch, at NAIOP's Annual Awards Gala on Tuesday, November 13 at the Westin Waterfront Hotel in Boston.
"The Bulfinch Companies exemplifies the best that our business has to offer – a highly successful and diversified real estate investment and development firm that is grounded in customer service and community partnerships," said David Begelfer, CEO of NAIOP Massachusetts. "We are proud to honor Bulfinch for its three generations of success in Boston and across the country."
The Bulfinch Companies, Inc. is an entrepreneurial value-added real estate investment firm, with institutional scale and capabilities, coupled with the speed and adaptability of opportunistic entrepreneurs. With a track record that includes the acquisition and development of approximately $1 billion of real estate, Bulfinch has substantial experience in acquiring assets at entrepreneurial prices and exiting at institutional valuations.
Founded by Samuel W. Poorvu in 1936, and managed by his son-in-law S. Lawrence Schlager for two decades, the firm is now directed by Poorvu's grandsons, Eric and Robert Schlager. Under the family's visionary leadership, Bulfinch has grown from its original roots as a builder of post offices into a leading Greater Boston focused real estate investment and development concern, specializing in the development, acquisition, management, repositioning, and leasing of lab, office, industrial, and R&D properties in New England, as well as post office facilities through out the country.
Bulfinch is known for its high level of customer service, sound financial management, and extensive expertise in real estate acquisition, investment, and development. Built on a stable and secure foundation, the firm is able to move quickly on development and investment opportunities, which has been key to its continued success. In addition to its financial success, Bulfinch has long integrated a commitment to community service through financial support, direct volunteerism, and by forging community-based partnerships in many of the communities in which it owns real estate. Among its many activities, Bulfinch has contributed time and money to organizations that focus on education, children's health and welfare, environmental concerns, and the arts.