History & Milestones

 

Introduction

LandVest is an employee-owned firm incorporated in Massachusetts in February, 1968, to provide comprehensive services to owners of and investors in high-quality real estate assets, specifically land, estates and distinctive homes, and investment timberland. Our primary focus has been the Northeast and the financial centers where many of these assets are controlled.

LandVest has been privileged to serve many of the great families of New England, whose assets include great estates, undeveloped land, and timberland. Our business has grown from meeting their needs for marketing, consulting, and timberland services, while ensuring complete privacy and confidentiality.

Through our mission of helping make informed decisions and our premium, client-based service, LandVest has set industry standards across its three core business units - the Real Estate Consulting Group, Luxury Real Estate, and the Timberland Division.

Milestones

1968: LV incorporated. Opens headquarters at 14 Kilby St., Boston. Doing business in the New England states and NY; Portland, Maine, office opened; First consulting job - land development/marketing study for Jay Peak Ski area, Weyerhaeuser Co., Vermont.

1969: Concord, NH, office opened, staffed with Sales and Consulting personnel; First consulting client on Martha's Vineyard and first conservation easement project - coastal Maine Frenchman's Bay.

1970: First Vermont office opened.

1969 - 1974: Rapid expansion of all LV divisions. On behalf of investor clients, LandVest acquired, managed and began resale process on approximately 30,000 acres of prime land in locations from Stamford/Greenwich, CT, to Martha's Vineyard & Nantucket, to NH, VT, and as far as Houlton, ME.

1970: Purchased controlling interest in Country Living Associates, a NYC based Tri-State (CT, NY, NJ) marketing cooperative of top-level real estate brokers.

1975: Consulting and marketing in Nova Scotia of 5 miles of ocean front for Scott Paper Co.

1977: Estate marketing in Boston suburbs, Fairfield and Westchester Counties, CT, Coastal Maine. and Martha's Vineyard.

1978: British Pension Funds and private investors make first equity investments in timberland in the Northeast through LandVest as result of LandVest sales efforts in Europe; LandVest managed timberlands for European and US clients reaches 220,000 acres, from Maine to Tennessee; First foreign consulting contract in the Caribbean.

1980: First European marketing assignment in Ireland.

1981: Adirondack office opened, primarily for Forest Management; LandVest direct affiliate broker program in CT, RI, NY, and NJ; LandVest Commercial Division, concentrating on New England's historic mill buildings and infrastructure (major projects through 1988, when the Division was terminated, as LV concentrated on its core disciplines).

1982 -1988: Estates Marketing becomes LandVest's most visible activity, as LandVest becomes a leader in record price sales, including the Gimbels Estate in Greenwich, CT.

1983 - 1988: International consulting and marketing assignments including major hotel site in the Caribbean, coastal Italy Estate for Johnson and Johnson heirs; Schlumberger Castle in Portugal.

1984: Ten Post Office Square office opens; LandVest Consulting & Timberland Services design and implement largest conservation easement to date in eastern US on 20,000 acres near Jackman, ME.

1986: Diamond International retains LandVest to assist in the disposition of timberlands no longer essential to their core business, the beginning of a 10-year relationship, putting LV in the forefront of the changing ownership patterns in the 26-million acre "Northern Forest", with over 3,000,000 acres of LandVest sales and related consulting work.

1988: Record timberland sales of $18.5 million and $16 million. Opened 3 more Timberland offices.

1988: LandVest sells its assets to Fine Homes International, a subsidiary of Merrill Lynch Fine Homes.

1989: Fine Homes International sells its assets, along with the LandVest division, to Prudential Insurance Co.

1991: The original management team of LandVest reacquires ownership of LandVest from Prudential; First 115 Pension Fund timberland investments made in the Northeast, LandVest is the broker and becomes Manager of 29,000 acres of White pine lands in southwestern Maine.

1992: Real Estate Consulting Group grows rapidly during real estate recession; First MAI hired to set increased standards in appraisals.

1994: Camden, ME, office opened.

1995: LandVest becomes the exclusive affiliate broker for Christie's International Real Estate in Greater Boston, Martha's Vineyard, Maine, New Hampshire, and Vermont.

1995: Continued rapid pace of complex marketing/consulting projects for major clients, and high visibility among private asset managers; Major Timberland and Consulting Division projects on millions of acres.

1996: LandVest becomes a presence on the World Wide Web, employing cutting edge technology, allowing users to set criteria by which they could receive auto updates as properties meeting their requirements were added; Northeast Harbor, ME, and Woodstock, VT offices opened.

1997: Timberland and Consulting Services adds GIS and digitized mapping services.

1998: LandVest's Timberland Division provides due diligence services on three million acres and in concert with the Consulting Group appraised the largest Conservation Easement in U.S. history.

1999: Achieve record sale prices in Massachusetts, Maine, and Vermont.

2000: LandVest launches a new initiative to deliver disposition services nationwide with our Institutional Timberland Advisory Group (ITAG). LandVest becomes the primary forestry consultant for 4 of the 5 Timberland Investment Management Organizations invested in the Northeast.

2001: LandVest's Consulting Group becomes increasingly national in scope, with jobs on the west coast, pacific northwest, southwest, southeast and midwest. Our Timberland Division opens forestry offices in Bangor, ME, and Lowville, NY. Marketing continues to achieve record sale prices. And at year-end, LandVest launches its new updated website.

2004: LandVest opens South Georgia office, marking the successful merger between LandVest, Inc. and Alan Mackey Real Estate, Inc. This merger broadens LandVest's timberland marketing and consulting work across the southeast and southwestern U.S.

2005: LandVest opens offices in Nantucket, MA, and in Keene Valley, NY serving the Adirondack region and the western shore of Lake Champlain. LandVest continues as the exclusive affiliate of Christie's International Real Estate in Eastern Massachusetts, including Greater Boston, Upper Cape Cod, Martha's Vineyard and Nantucket; all of Maine, New Hampshire, and Vermont; and now the Adirondack region of NY.