Become a Side-by-Side Owner with Manzo Freeman Development

LEX’s next offering, The Landing at One Chestnut, is owned and operated by Manzo Freeman Development (MFD). 

The Manzo Freeman Development team brings over 40 years of expertise in managing and developing industrial properties. Their investments have been centered in Eastern Massachusetts and Southern New Hampshire, and include several successful exits on mill properties similar to One Chestnut.

MFD was formed as a partnership between the Manzo and Freeman families, creating a multi-generational legacy of commercial and industrial real estate expertise in the New England area. The firm has successfully exited nine large projects totaling approximately four million square feet, and currently manages three converted mill projects in addition to One Chestnut. 

Founding and leading the MFD team are:

Michael A. Manzo, Chairman and Director of Acquisitions

Mr. Manzo Sr. was previously a partner at The Beal Company, a real estate firm based in Boston (now Related Beal). Throughout his career, Mr. Manzo Sr. has directed more than $250 million of equity into self-sourced real estate investments, with an aggregate property value over $1.75 billion. Mr. Manzo Sr. was also the former president of the Greater Boston Real Estate Board, and is a current member of the invitation-only American Society of Real Estate Counselors.

Joseph C. Freeman, CEO and Director of Business Development

Prior to co-founding MFD, Mr. Freeman was General Counsel and member of the senior executive team at Saracen Properties, another Boston-based real estate firm. In that role, he was responsible for developing over two million square feet of class A office and hotel space, as well as setting the strategic direction of the firm. Mr. Freeman has investments in a number of operating businesses and real estate partnerships, and owns significant land holdings in Georgia timber property. 

Michael K. Manzo, Managing Partner & President

Mr. Manzo Jr. spent over twenty years of his professional career in commercial banking, real estate finance, and land development. At FleetBoston Financial (now Bank of America), Mr. Manzo Jr. worked on a wide range of clients, across industries ranging from commercial transportation to leasing. He now runs capital markets and underwriting for MFD.

Alexandra Freeman, Managing Partner & Director of Leasing.

Ms. Freeman started her career as a consultant with PricewaterhouseCoopers (PwC) in their Advisory practice. She consulted for large financial services clients including US global banks, professional services firms, and private market clients specializing in real estate investment. She focused on developing strategies to optimize business processes and improve clients’ overall performance, which she now leverages in her work as Director of Leasing for MFD. 

One of the highlights of this deal is the opportunity to sit side-by-side with an experienced management team with proven success in the New England industrial market, while avoiding the management and maintenance responsibilities that accompany traditional CRE ownership. As the MFD team manages One Chestnut to maximize rental income and total returns, LEX investors are eligible to receive their proportional share of distributions (estimated at 7.4%1 annually) from their investment in the property.

Interested in shares of One Chestnut? Here’s how to invest with LEX. 

LEX offerings are open to all interested US investors. Investors can open an account with LEX in just minutes and there are no accreditation requirements to participate. 

One Chestnut’s IPO is currently live, and investors can purchase shares of the asset through the LEX platform.

Once One Chestnut’s IPO closes, investors can trade their shares on LEX, with no lockups or required holding periods. Investors in One Chestnut receive their proportional share of distributions as paid by the owner-operators.2 

New to LEX? 

Create and fund your LEX account today. Once your account is created, you’ll be able to indicate your interest in One Chestnut. Once your account is funded, you’ll be able to participate in the IPO when it is live! 

Already a member of LEX? 

Indicate your interest in One Chestnut on our offering page.

Learn more about One Chestnut with our research tools here

View our complete offering circular for One Chestnut here.

Want a more in-depth look at One Chestnut with a member of the LEX team?

For more details about investing in One Chestnut, we encourage you to reach out to our Investor Solutions team for a detailed walkthrough of the offering. Schedule a time here or reach us directly at (212) 870-8895.

1. Annualized rate, net of expenses, based on assumed IPO price of $250 per Unit. Annualized rate, net of expenses, based on assumed IPO price of $250 per Unit. This annualized rate is based on the Manager's historical quarterly distributions made by OpCo to its sole member. For additional information, see “Distribution Policy – Historical Declared Distributions” on page of 18 of the Offering Circular available here.

2. Liquidity is not guaranteed.

This document shall not constitute an offer to sell or the solicitation of an offer to buy an interest in the Company or other offering, which may only be made at the time a qualified offeree receives the offering circular contained within the Offering Statement (the “Offering Circular”), and the subscription agreement pursuant to which a potential investor may participate in the offering by subscribing for limited liability company units of the Company (Units).

All information contained herein is qualified in its entirety by the detailed information that is contained will appear in the Offering Circular, subscription agreement, and the related offering information. The Offering Circular is available here.

Potential investors are encouraged to consult with professional tax, legal, and financial advisors before making any investment into a securities offering. This investment may not be suitable for all investors. Distributions not guaranteed.  Property performance and performance of property tenants not guaranteed. Diversification does not eliminate the risk of experiencing investment loss. 

All investment services are offered by LEX Markets LLC, Member FINRA/SIPC.

December 7, 2022

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