Headquartered at Lakeshore Center in Bridgewater, Massachusetts, Claremont Companies is a privately owned and closely held real estate investment, development, and asset management firm.
The company was started in 1968 when Patrick Carney, Claremont’s current Chairman and CEO, began investing in and developing residential multi-family properties in Southeastern, Massachusetts. Throughout the 1970s and 1980s, the Company established its core real estate holdings by developing large scale apartment complexes throughout New England.
In the late 1980s and 1990s, the company expanded its real estate development and ownership into different asset classes such as hotels, retail centers, and office buildings.
In 2003, with over 10,000 apartment and hotel units across the United States, Claremont began a disposition strategy in order to capitalize on the overall appreciation of the national real estate market. The strategy successfully consolidated Claremont’s portfolio into 13 core apartment and hotel properties while providing substantial liquidity to reinvest in new real estate acquisitions and developments.
Today, Claremont Companies is actively pursuing new acquisitions and is focused on both existing properties and development opportunities within the multifamily, hotel, and mixed use asset classes.