Michael Jammen

Biography: Founded in 2006, UrbanMeritage, LLC is a private real estate investment firm dedicated to providing its investors with superior risk-adjusted returns. We accomplish this through the acquisition, development and management of high quality commercial real estate located in core urban markets. With over 40 years of collective real estate experience and over $500 million of acquisitions and development to date, the principals of UrbanMeritage have the expertise and resources to maximize the full potential of each investment opportunity. As a Principal of UrbanMeritage, and one of the architects of the Newbury Line Program, Mr. Jammen has worked on the acquisition, development, and asset management of the Newbury Line Portfolio since December 2006. During this time, The Newbury Line successfully acquired twenty- eight buildings at a cost of $155,000,000, in a series of fourteen transactions. Over a four-year period, The Newbury Line became the leading Landlord on one of the world’s premier retail streets. The Newbury Line was sold to Jamestown Properties in October of 2011 for a total price of $226,500,000. In April of 2013, UrbanMeritage, along with joint venture partners Foxfield Real Estate commenced a new aggregation program again focused on Newbury Street. This $300,000,000 joint venture with a financial partner advised by L&B Realty Advisors, has closed on fifteen buildings to date with a total acquisition cost of approximately $210,000,000. In November of 2014, UrbanMeritage and Foxfield Real Estate, acquired the retail condominium unit at The Hotel Commonwealth at an acquisition cost of $38,500,000. It has been re-branded as Kenmore Row and has been re-merchandised and re-introduced to the Boston market. A graduate of the MIT Center for Real Estate (MIT/CRE) with a master’s degree in Real Estate Development, Mr. Jammen is in his thirty-seventh year in the real estate industry.