Fidelity - North American Real Estate Equity Portfolio

Continental United States

Boston, MA

Project

Leggat McCall Properties (LMP) delivered high level real estate development consulting, including pre-investment due diligence assessments, construction project management and project financial accounting and reporting. LMP provided ad hoc problem solving on a range of issues such as permitting, title, design, LEED construction, environmental, project management, construction contract negotiations and marketing matters including periodic national project monitoring and oversight through site visits (CA,GA,FL,AZ,NV,TX,MI and DC). LMP was responsible for managing the Fund's local partners' development/project manager, the general contractor, the Fund's local construction consultant/inspector and other project consultants. Where logical, LMP took over active asset management and project completion for active projects, including financial accounting and reporting.

Size

Projects ranged from $20M to $250M across a broad spectrum of real estate products types, including: land, office, hospitality, assisted living, multi-family rental, student housing, mixed-use, condominium, retail and industrial.

Completion

2009

Duration

2 years

Team
Owner
Fidelity Real Estate Group-Pyramis Global Advisors
Architect
Various
General Contractor
Various