News
IREM Honors Harold Brown
November 6, 2012
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| The Hamilton Co CEO Harold Brown, here with his son and successor Jameson, celebrating the Lifetime Achievement Award he received last week from IREM. Harold, who’s 87 and still works every day, is among the largest private owners of rental apartments in the metro area. He emerged from the recession as the region’s largest private investor in multifamily properties, a knowledgeable industry source says. Harold, who founded Hamilton 58 years ago, does about $50M a year in new developmen t (mostly around downtown) and has amassed a $1.4B portfolio. In ‘09, he made one of the largest US multifamily acquisitions, the $129M purchase of Dexter Park in Brookline. |
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| Presiding over the festivities at the Seaport World Trade Center were IREM’s Boston chapter prez Jonathan Donahue, the national prez James Evans, and next national prez, Boston’s Chris Mellen. Among the greatest challenges the organization faces, says Jim, is bringing millennials into the IREM fold. (If you're going fishing for millennials, coffee and iPads are the best bait.) Harold might advise them that perseverance is the key to success. In '92, Harold emerged from the largest personal bankruptcy in the US in just one year, record time, according to the presiding bankruptcy judge who attended last Thursday’s event. That corporate reorganization, Harold says, put Hamilton on the road to its current success. |
