Peabody Properties is one of the largest and most respected full-service real estate firms in the Northeast, managing in excess of 10,000 housing units located primarily in New England.
Founded 40 years ago by the late Edward A. Fish, Peabody Properties has long partnered with MassHousing in the development, preservation and management of many affordable housing communities in Massachusetts.
Peabody Properties manages 60 properties in MassHousing's portfolio, totaling more than 7,000 units. Of those 60 housing communities, 45 received more than $377 million in MassHousing financing.
Peabody Properties is an innovator in resident services and created Affordable Housing and Services Collaborative, Inc. in 2001 with a focus on preserving affordable housing for low and very low income residents.
"Peabody Properties has been a highly valued and innovative partner with MassHousing for a long time because we both share the goal of providing quality affordable housing to residents in Massachusetts," said MassHousing Executive Director Tim Sullivan. "They have been a family run business throughout their history and it is clear they care deeply for the families and residents who live in their housing communities."