Schochet Companies

Schochet Press Releases

  • IREM REME Press Release Published 7 months ago
    BRAINTREE – September 15, 2016 – IREM announced today that The Schochet Companies has been selected as a finalist for their 2016 REME (Real Estate Management Excellence) Award in the Workplace Environment – Sustainability Programs category. The REME Awards recognize real estate management excellence through innovative business practices and initiatives that advance the profession and the industry. The company is now part of an elite group of finalists in the REME Awards Program.   REME Awards recognize companies and individuals who are engaged in real estate management of any or all asset classes, and from companies of any size. Winners will be announced during the IREM Fall Conference at the Inaugural Gala Dinner and REME Awards on Friday, October 21, 2016, in San Diego, CA. About The Schochet Companies The Schochet Companies is a full service real estate development and management company founded by Jay R. Schochet in 1973.  Since that time the company has developed, owned, and/or managed in excess of 7,000 apartments and over 600,000 square feet of retail and commercial space throughout New England and on the West Coast.  Today, The ...
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  • Waterview Apartments in South Boston Extends Affordable Housing Published last year
    BOSTON – December 9, 2015 – Senior citizens living at the 49-unit Waterview Apartments in South Boston will see affordability extended and some property improvements as a result of $10.2 million in MassHousing financing. The Waterview Apartments are being refinanced by Waterview Associates LP through the U.S. Department of Housing and Urban Development’s (HUD) Multifamily Accelerated Processing (MAP)/Ginnie Mae Mortgage Backed Securities (MBS) program offered by MassHousing. As part of the MassHousing financing, the federal Section 8 Housing Assistance Payment (HAP) contract for the 49 apartments will be extended for 20 years. "We were happy to be able to offer this financing option to Waterview Associates, which is committed to keeping the Waterview Apartments affordable to seniors in South Boston while also making some property improvements that will benefit the residents long into the future," said MassHousing Executive Director Thomas R. Gleason. Located at 1350 Columbia Road, the Waterview Apartments consist of 35 one-bedroom apartments and 14 twobedroom apartments in a three-story, walk up building. As part of the MassHousing financing, the property owner will install a new elevator. Other improvements will include new air conditioning units, installation of an ...
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  • The Schochet Companies Earns Green Accreditation under HUD Initiative  Published 4 years ago
    SPI-HUD Green Organizational Accreditation is part of the Affordable Green Initiative launched by the U.S. Department of Housing and Urban Development in 2012. The Sustainable Performance Institute (SPI) recognizes those HUD grantees and affordable housing organizations in achieving portfolio-wide improvements. The vision of this initiative is to enable organizations to institutionalize sustainability and achieve higher levels of performance of the management of their housing portfolios. Accreditation differentiates organizations that seek to implement green building and operational best practices, build capacity of staff, track and measure building performance effectively over time, realize significant improvements in health and energy efficiency, and achieve exemplary cost savings. Only 24 organizations from across the U.S. were accredited through the pilot.  Of those, 17 achieved full accreditation, meaning they have already implemented most or all of the best practices contained in the Accreditation criteria and can document their actions accordingly, while an additional 7 organizations received Provisional Accreditation, meaning they have made commitments to the best practices with the intention of implementing them sometime during the accreditation term.   For The Schochet Companies this accreditation formalizes and ...
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  • Retirement Housing Foundation, The Schochet Companies, and Riverside Village Apartments Host First Annual National Night Out 2013 Celebration Published 4 years ago
    Owned by Retirement Housing Foundation (RHF), a national faith-based non-profit headquartered in Long Beach, CA, and managed by The Schochet Companies of Boston, Riverside Village is a family community consisting of 312 apartments in 26 buildings spread over nearly thirty pastoral acres abutting the Nashua River. Recently Riverside Village, winner of the prestigious New England Affordable Housing Management Association (NEAHMA) 2012 Communities of Quality Award for Exemplary Family Developments , welcomed the Leominster community to an event designed to prevent  crime and address quality of life issues.  Held throughout the United States and Canada, the nationwide event is coordinated by the National Association of Town Watch and was designed to increase awareness about various anti-crime initiatives in the community. The goal of the local event was to heighten crime and drug prevention awareness; generate support for, and participation in, local anticrime programs; strengthen neighborhood spirit and police-community partnerships; and send a message to criminals letting them know that neighborhoods are organized and fighting back. The community event boasted entertainment, free food, giveaways, games, and community booths all creating an atmosphere ...
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  • Hartford Celebrates Rededication Of Capitol Towers Published 4 years ago
    Read the entire story in The Courant.
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  • Retirement Housing Foundation, The Schochet Companies, and Community Leaders Celebrate Rededication of Capitol Towers Published 4 years ago
    (Hartford, CT) June 6, 2013 – Residents, community leaders and public officials recently joined Retirement Housing Foundation and The Schochet Companies  for a rededication ceremony of Capitol Towers in Hartford which marked the completion of nearly $2 million in renovations over the past year. In addition to Retirement Housing Foundation’s Californian board members and employees, Mayor Pedro E. Segarra and State Representative Minnie Gonzalez joined residents in the celebration. “We are thrilled to be a part of this project and of bringing an enhanced quality of life to the more than 160 residents that live at Capitol Towers,” said Richard Henken, President of The Schochet Companies. “These facility improvements will not only ensure the long-term sustainability of this building, but will also provide residents with an enriched living environment by introducing new amenities such as a community room and full time resident services coordinator.”  Opened in 1972, Capitol Towers consists of 144 affordable housing units situated on 1.2 acres in downtown Hartford that provides housing for the elderly and persons with disabilities. In 2012, Retirement Housing Foundation, a national non-profit that ...
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  • The Schochet Companies Honored as a 2013 Greenovate Boston Residential Award Recipient for Leadership in Sustainability Published 4 years ago
    (Boston, MA) May 14, 2013 - Today, Mayor Thomas M. Menino honored The Schochet Companies with the 2013 Greenovate Boston Residential Award for the company's leadership in environmental sustainability. The annual award is given to businesses, residents and sustainable food sectors throughout Boston that are committed to exemplary sustainable practices in their communities and is part of the Mayor's ongoing effort to reduce greenhouse gas emissions by 25 percent by 2020.  "We are thrilled to be recognized for championing efforts to make Boston the greenest city in the country," said Richard Henken, President of the Schochet Companies. "This award is a testament to the hard work of our dedicated staff and to the residents that have made efforts to reduce their environmental footprint. Sustainability is a top priority for this company and we look forward to continuing to lead the way in building upon our good practices." The Schochet Companies specialize in affordable housing, and have made a significant positive impact in the communities it serves. As a formal commitment to environmental sustainability, the company teamed up with ...
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  • The Schochet Companies Marks 40 Years of Excellence in Real Estate with Launch of New Brand Published 4 years ago
    Boston, Mass (May 15, 2013) – The Schochet Companies today marked its 40th anniversary with the launch of a new brand and updated name, logo and website. The firm will now be known as The Schochet Companies to better represent the overall company entity and comprehensive real estate development and management services it offers. In addition, The Schochet Companies’ three divisions will now be known as Schochet Development (formerly Schochet Associates), Schochet Property Management (formerly Federal Management) and Schochet Investments (formerly JRS Equities). The firm will hold an event celebrating its 40th anniversary at the Exchange Conference Center in Boston on May 16, from 5:30 to 8:30 p.m.  "At our core we are a company that cares deeply about the living environments we create and manage for residents across New England, and we’re proud to celebrate 40 years of excellence in the real estate industry," said Richard Henken, president of The Schochet Companies. “During the past four decades, the Schochet name has accumulated tremendous trust and value, because we build more than just housing – we create homes. Our updated brand ...
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  • Retirement Housing Foundation and Schochet Associates Acquire Essex Village and Kings Grant Apartments Published 4 years ago
    Boston, Mass (March 15, 2013) – Retirement Housing Foundation and Schochet Associates today announced the acquisition of 265 apartments located in North Kingstown, Rhode Island. The $36 million acquisition will preserve affordable housing options for the community, and includes Essex Village Apartments, a 109 unit elderly development, and its neighbor, Kings Grant Apartments, a 156 unit family development. "This transaction completes the Schochet Companies' three-year plan to acquire these assets, and convey them to RHF to ensure their preservation as affordable for the long term," said Richard Henken, Schochet's President. "We are thrilled that in so doing we were able to achieve tremendous value for our private equity partners and maintain affordable housing options for local communities in Rhode Island.” Through the acquisition, Schochet Associates will be able to achieve annualized returns of nearly 21 percent over a holding period of less than 33 months. As part of the acquisition, both developments – originally built in the mid to late 1970s – will undergo approximately $5 million in rehabilitation, including kitchen and bathroom updates and building renovations. Both Essex Village and Kings ...
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  • Dover's Richard Henken elected to Discovering Justice board Published 4 years ago
    Read the entire story in the Dover-Sherborn Press.
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  • Retirement Housing Foundation and Schochet Associates Complete Acquisition of Capitol Towers Apartments Senior Housing in Hartford, Connecticut Published 5 years ago
    Retirement Housing Foundation (RHF) and Schochet Associates, Inc. today announced that they have completed the $8 million acquisition of Capitol Towers, a 144 unit development located in Hartford, CT. The property, built between 1971 and 1972, is a critical affordable housing resource for elderly and handicapped residents and, under this transaction, will be preserved as affordable for the long term. The project is subsidized by the United States Department of Housing and Urban Development (HUD) under the federal Section 8 program and will benefit from federal tax credits which will be used to upgrade building systems, replace windows, and refurbish common areas and apartments at a cost in excess of $1.5 Million. Federal Management Co., Inc., an affiliate of Schochet Associates, Inc. will serve as property manager. RHF and Schochet/Federal are committed to providing service rich, nurturing environments for its disadvantaged elderly and handicapped residents. In addition to making significant building improvements, the team will staff Capitol Towers with a full time resident services coordinator to work with residents to facilitate access to individual home care and other services including light ...
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  • Team Schochet Raises Nearly $6,000 to Help Fight Diabetes Published 5 years ago
    Team Schochet was an eager participant in the American Diabetes Association's Kennebunks Tour de Cure 2012 bike ride. Along with a hundred or so fellow riders, they set out in record-breaking rainfall that was shutting down roads and flooding basements across the region. The bikers proved a hardy group, coming out in force despite the soggy conditions to raise money for a disease that affects 25.8 million people, or 8.3 percent of the U.S. population. It was the third year in a row that the popular fundraiser, which was expected to attract up to 800 bikers in dry conditions, took place in the rain. This year, organizers had to call off the 100-mile portion of the event for safety reasons, but the 100-kilometer, 50-kilometer, 25-kilometer and 5-kilometer rides all went on as scheduled. Emily Silevinac, associate director of the Kennebunks Tour de Cure, said attendance was down from the expected numbers, but she was impressed by the hundreds who showed up despite the weather. "Diabetes doesn't take a day off," she said. About 595 bikers had participated by the end of the day, ...
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The Schochet Companies News

Press releases, events, and related news.

IREM REME Press Release



Memorial Service for our founder, Jay Schochet

Memorial services celebrating Jay's life will be held:

Wednesday, June 1, 2016, at 11:00am
King's Chapel
58 Tremont Street
Boston, MA


Wednesday, June 8, 2016, at 11:00am
Channing Memorial Church
135 Pelham Street
Newport, RI

Passing of Jay Schochet

It is with deep sorrow that we announce the death of our founder, Mr. Jay Schochet.  Jay passed away peacefully on Thursday, March 24, 2016.

The work of the Schochet Companies will continue to stand as testament to Mr. Schochet’s legacy of developing and managing some of the highest quality and most desirable affordable housing communities in the nation.

Waterview Apartments in South Boston Extends Affordable Housing

Senior Citizens Living at Waterview Apartments in South Boston Will See Affordability
Extended as a Result of $10.2 Million in MassHousing Financing
49-unit property will also undergo some property improvements
Shepherd Park hosts WECA's Luncheon

Shepherd Park hosts WECA's Luncheon

From the Hartford Courant: Shepherd Park hosted an Elder Appreciation event on July 31st.

Hamilton Wade House and Douglas House to stay affordable for years to come.

Elderly and Disabled Residents of Brockton Apartment Communities to See Property Improvements and Extension of Affordability with $24.4 million in MassHousing Financing

84-unit Hamilton Wade House and 158-unit Douglas House will remain affordable for at least 40 years

Philanthropists Honored at Hospital Gala

Philanthropists Honored at Hospital Gala

Schochet Companies founders honored for long time support of Newport Hospital.

Newport Hospital’s 2015 summer gala raised $471,436, of which was a live auction and fundraising blitz that generated $141,200 to go toward the much-needed purchase of a new CT scanner.

The gala, A Night in Providence, was held at Ochre Court in Newport, a Gilded Age mansion and Newport’s second largest mansion.

ApartmentSmart shines Spotlight on The Schochet Companies

Boston Area Affordable Apartment Management Company Spotlight: The Schochet Companies
Dedication and tradition are the values that define The Schochet Companies.

NAHMA News Member Spotlight with Peter Lewis

NAHMA News (November-December 2013) Member Spotlight with Peter Lewis

Copyright 2017 by The Schochet Companies