Stephen Gladstone
Director of Acquisitions and Dispositions, Chestnut Hill Realty
Chestnut Hill, MA 02467
Stephen oversees all aspects of property acquisitions and dispositions for Chestnut Hill Realty.
Phone (617) 323-8800 x321
Mobile (617) 592-0018
Stephen oversees all aspects of property acquisitions and dispositions for Chestnut Hill Realty.
Property Types
Multi-Family
Markets
Boston, Providence
Bio
Among Stephen Gladstone’s areas of responsibility at Chestnut Hill Realty are the oversight of all aspects of property acquisitions and dispositions. On the acquisition side, this includes identifying potential apartment properties for purchase, performing financial and physical analysis, managing broker/seller/lender relations, coordinating the due diligence process, and seeing the acquisition through to closing. During the acquisitions process, he manages a 20+ person interdisciplinary team of company personnel, as well as contracted advisors and consultants for each transaction. Upon acquisition of a property, he oversees the transition to the Property Management Division. On the disposition side, Mr. Gladstone is responsible for the preparation of all financial, property management, and marketing information, oversees the selection of brokers, manages brokerage activities and buyer negotiations, and coordinates with attorneys on all legal documents required to bring the transaction to a successful closing.
Mr. Gladstone has been responsible for more than $320 million of acquisition activity, adding in excess of 1,600 apartments to the company’s portfolio, as well as $70 million in disposition activity comprising over 225 apartments. Most recently, Mr. Gladstone led the disposition of George Court in Norwood, MA (30 apartments for $6.2M), 14 Centre Street in Cambridge, MA (17 apartments for $11.85M), and the acquisition of a 118 unit apartment building at 1443 Beacon Street in Brookline, MA ($73.5M). Prior to that, he led an interdisciplinary team to acquire Alden Tower at Longwood Towers in Brookline, MA, and Water View Terrace and Water View Village (600 units) in Framingham, MA. He has been the owner’s representative at Longwood Towers for all aspects of the acquisition and subsequent renovation of Alden Tower, including construction, marketing, rentals, sales, condominium management, apartment management, litigation, and owner relations.
Since joining Chestnut Hill Realty in 1998, Mr. Gladstone has held several positions, including Assistant Property Manager, Property Manager and Community Relations Manager. He has also worked on a number of projects for non-profit organizations, including B’nai B’rith Housing. These projects included the expansion of Covenant House and the renovation and the successful conversion of an apartment property into the 33 Comm condominiums in Chestnut Hill, MA. Prior to joining CHR, Mr. Gladstone worked as a consultant for Computer Sciences Corporation in its Y2K Division. Mr. Gladstone volunteers as a basketball, soccer, and baseball coach, and is an active supporter of Temple Beth Shalom in Needham, MA.
Mr. Gladstone graduated from Duke University with a Bachelor’s Degree in Public Policy Studies. He is a member of the Rental Housing Association (RHA) and the Real Estate Finance Association (REFA), and holds a salesperson’s license in Massachusetts.
