Novaya Real Estate Ventures
The Novaya Real Estate Ventures principals bring together nearly 100 years of collective experience in the real estate ownership arena. The complementary backgrounds of the Novaya principals enable our investors to access deep experience sets in real estate development, re-development and operations, as well as in real estate finance and the capital markets, and within real estate permitting and transactional law.
Real Estate Specialization
| Multifamily |
| Office |
| Industrial |
| Retail |
| Land/Development |
| Hotels |
| Mixed-use |
Investment Type
| JV partnership |
| Acquisition/Fee Simple |
Investment Style
| Core |
| Value-add |
| Opportunistic |
Typical Deal Size
| $5,000,000 - $10,000,000 |
James Alden
- 617-407-2969
- jalden@novayaventures.com
As the Managing Principal, Jim coordinates Novaya’s operations and manages investor relations with its private clients. Jim brings over twenty-five (25) years of demonstrated expertise in real estate transacting at Copley Real Estate Advisors and Boston Financial Group. Most recently, as Managing Principal of Taurus Capital Funding, LLC, Jim was responsible for Taurus Investment Holdings U.S. private investment offerings and broker-dealer activities. Jim received his BA from Brown University (’81) and his MS from Massachusetts Institute of Technology Center for Real Estate (’93).
Scott Tully
- 617-818-7986
- stully@novayaventures.com
Scott oversees all of the firm’s institutional relationships and capital market activities. He is responsible for sourcing, structuring and capitalizing large single asset and portfolio transactions, as well as the development of niche real estate funds. With over twenty-five (25) years of institutional real estate and capital markets experience at Bank of Boston, AEW Capital Management and Taurus Capital Markets, Scott has a proven track record in high volume transacting and fund formation, and is a trusted venture partner in institutional circles. Scott received his BA from Yale University (’87), his MBA from Boston University Graduate School of Management (’01), and his MA in International Affairs from the Fletcher School of Law and Diplomacy at Tufts University (’10).
Peter Carbone III
- 617-331-0791
- pcarbone@novayaventures.com
Peter is responsible for sourcing, acquiring and managing the firm’s projects. In addition, he also structures and oversees joint ventures with local operators across all market segments. During his career, Peter has permitted and developed in excess of twenty-five (25) million square feet in the New England area through lengthy stints at Riemer & Braunstein, LP and National Development. As Managing Partner of Taurus New England, Peter purchased and managed over $1 billion of assets. Peter received his BS from the Carroll School of Management at Boston College (’87) and his JD from Suffolk University (’93).
Jeff Theobald
- 617-460-6554
- jtheobald@novayaventures.com
Jeff is responsible for sourcing acquisitions, underwriting, due diligence and asset management. Jeff works across all business lines, supporting both real estate operations, capital-raising activities and oversees Novaya’s day-to-day operations. Jeff has extensive finance and real estate experience through stints at State Street Bank and Trust and most recently, Taurus Investment Holdings. During his career he has developed over 1 million square feet of warehouse/distribution space and has transacted over $500 million of commercial and residential real estate in the US, Canada, Argentina and Turkey. Jeff received his BA from Tufts University (’03) and his MBA, summa cum laude, from the F.W. Olin School of Business at Babson College (’11).