/Investor DB

TA Realty

Private equity

Boston · 45 people tracked

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Investment thesis

TA Realty pursues a real estate investment strategy that gives investors broad, diversified exposure to the U.S. market across property type, geography, industry exposure and tenancy. Drawing on more than forty years of experience acquiring, managing and selling assets nationwide, the firm identifies opportunities and executes a value-add strategy. It emphasizes income generation and enhancing value through active, property-level operating expertise, aiming to deliver strong performance and attractive risk-adjusted returns for its investors.

Source: firm website, verified Oct 13, 2026.

HQ
Boston, US
Founded
1982
AUM
$1.5B
Tracked investments
1

Team · 45 people

from the firm's website & curated
Aaron K. Cohen· Partnerin
Alan E. Brand· Partnerin

Alan E. Brand is a Partner at TA Realty, where he serves on the portfolio management team and oversees investment vehicle objectives through management of portfolio assets, acquisition and disposition activity, leverage levels, and distributions. He also directs the firm's portfolio and asset level financings and has been with TA Realty since 2000, with more than 38 years of industry experience. Brand has taught commercial real estate finance courses at Boston University for over 22 years.

Allison P. O'Rourke· Partnerin

Allison P. O'Rourke is a Partner and Portfolio Manager at TA Realty. She has more than 20 years of experience in financial markets, with a background spanning corporate strategy, innovation, information technology, investor relations, finance, and sales leadership.

Brooks D. Wales· Partnerin
Christine M. Elmore· Partnerin
Christopher J. Good· Partner
David H. Buxbaum· Partnerin
Douglas M. Engelman· Partner
Gregory A. Waxman· Partnerin
Gregory P. Lovely· Partner
Jacob P. Maliel· Partner
James F. Whalen· Partner
James O. Buckingham· Managing Partner
James P. Raisides· Managing Partner
John M. Lashar· Partnerin
John W. Powell· Partnerin
Lisa A. Strope· Partner, Researchin

Lisa A. Strope is Head of Research at TA Realty, where she develops the firm's strategic house view and works with investment and portfolio management teams on analysis and forecasting across property types and regions. She has more than 20 years of experience in real estate research, investment, and development, having previously spent six years at JLL overseeing research for life sciences, healthcare, and seniors housing as well as the New England team, and served as a Research Fellow at Harvard Business School. She holds a B.A. from Cornell University and an M.B.A. from New York University's Stern School of Business, and serves as adjunct real estate faculty at Babson College.

Michael R. Haggerty· Managing Partnerin
Nhat M. Nguyen· Partner
Nicole Dutra Grinnell· Partnerin
Patrick L. Fisher· Partnerin
Scott L. Dalrymple· Partner, Chief Financial Officerin
Thomas A. Shapiro· Partnerin
Thomas E. Landry· Partnerin
Timothy D. Shaheen· Partner, Chief Development Officer - Digital Real Estate
Ally B. Braswell· Partnerin
Andrew Mosellie· Partner
Blake M. Wilcox· Partnerin

Blake Wilcox joined Carousel Capital in 2026. He previously worked at the investment bank Harris Williams, supporting its Primary Fund Placement team on tax, accounting, and compliance matters, and spent five years before that at PricewaterhouseCoopers in the Asset and Wealth Management tax practice. He holds a B.S. in Business Administration and an M.S. in Accounting from East Carolina University and is a licensed CPA in North Carolina.

Max Edelstein· Partner, Acquisitionsin

Max Edelstein is Chief Accounting Officer at Meadow Partners, where he oversees finance, control, reporting, and treasury. He previously served as a Senior Analyst at General Motors Asset Management, handling accounting and financial reporting for real estate funds, and as a Senior Associate at KPMG LLP in New York. Edelstein holds a B.S. in Finance and Accounting from the University of Maryland (2009), is a licensed CPA in New York, and is a member of the AICPA.

Elizabeth G. Chappell· Director, Investor Relationsin

Elizabeth Chappell is an associate at Carousel Capital, which she joined in 2025. She previously worked at BlackArch Partners on mergers and acquisitions for middle-market companies. She holds a Bachelor of Science in Business Administration from the University of North Carolina at Chapel Hill.

Anna G. Cole· Associatein
Brian R. McDonald· Director
Cole Healy· Vice President, Multifamily Operationsin

Cole Healy is Vice President, Multifamily Operations at TA Realty, where his work spans acquisitions, development, and portfolio management for multifamily real estate investments. His areas of focus include apartment market analysis and forecasting, due diligence, and development advisory. Healy's skills cover deal modeling, financial and investment analysis, valuation, and performance benchmarking.

Cristina M. McElhinney· Vice Presidentin
Cullen P. McGehee· Vice Presidentin

Cullen P. McGehee is Vice President and Head of Valuations at TA Realty, with over 14 years of institutional real estate valuation experience. His work spans ODCE funds, REIT products, exchange funds, closed-end vehicles, and separate accounts across varying liquidity and valuation cycles, covering asset risk profiles from core to opportunistic.

Devin C. Sullivan· Vice Presidentin
Jessica A. McMahon· Vice Presidentin
Kerry E. Gallagher· Vice Presidentin
Kyle S. McMorrow· Director
Laura D. Quigley· Vice President
Lisa M. Grant· Vice Presidentin
Lori A. Krogh· Vice President, Chief Compliance Officerin
Noelle T. Manning· Directorin
Riley P. FitzGerald· Vice Presidentin

Riley P. FitzGerald is a Director of Investor Relations at TA Realty, a North American firm focused on private real estate investment in the United States across core, value-add, and logistics-focused strategies. FitzGerald holds FINRA Series 7 and 63 licenses.

Melissa Nguyen· Vice President - Head of Valuationsin

What they invest in

from 1 of 1 portfolio companies

Data & Infrastructure ×1PropTech ×1SaaS ×1

HQs:United States×1

Investments · 1 tracked

founders shown can be your intro path
Cherrecherre.comin𝕏

Cherre provides a data management platform for real estate owners, operators, and investors, offering data ingestion, normalization, and validation workflows that connect information from multiple sources into a Universal Data Model.

Data & InfrastructurePropTechSaaSNew York, US

BENJAMIN HIZAK(Executive Officer, Director)LEONARD DANIEL SALMANSON(Executive Officer, Director)JAMES PETTIT(Director)in

Co-investorsDreamit VenturesEvolution VenturesGlilot Capital PartnersHighsage VenturesIntel CapitalNavitas Capital+3 more

Fund performance · per public LP disclosures · 3

as of Dec 2025
FundVintageCommittedNet IRRTVPIDPI
Realty Associates Fund XIIILPs: Minnesota State Board of Investment2023—7.1%1.09x0.14x
Realty Associates Fund XIILPs: Minnesota State Board of Investment2018—8.5%1.38x0.93x
Realty Associates Fund XILPs: Minnesota State Board of Investment2015—10.8%1.60x1.60x

Source: public limited-partner disclosures (CalPERS, CalSTRS). Net IRR / TVPI / DPI as reported by the limited partner; a fund's early-year IRR is an interim estimate (J-curve).

Frequently asked questions

What sectors does TA Realty focus on?
TA Realty focuses on PropTech.
Where is TA Realty located?
TA Realty is headquartered in Boston, US.

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