
Damian Szary
Principal
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- Full Name
- Damian A. Szary
- Title
- Principal, Redgate; Managing Director, Redgate Capital Partners
- Firm
- Redgate (real estate investment, development, and advisory; formerly operated in part under the "Gate Residential" name)
- Firm Type
- Real estate private investment & development firm (multifamily) — *not a startup angel/seed investor, despite the stub classification*
- Investment Stage
- Multifamily real estate — ground-up development, adaptive reuse, and acquisitions (not venture-stage equity)
- Sector Focus
- Multifamily residential; urban mixed-use; wellness- and lifestyle-oriented residential communities
- Geographic Focus
- Northeast U.S., especially Greater Boston / New England and NYC metro; firm also operates in the Mid-Atlantic (Bethesda) and Southeast (Raleigh)
- Location
- Boston, Massachusetts (Redgate HQ: 100 Federal Street, Financial District)
Background
Damian A. Szary is a founding principal of Redgate, which he co-founded in 2010 in the aftermath of the 2008 financial crisis with the aim of reshaping how urban communities are imagined, built, and lived in. He serves as Managing Director of Redgate Capital Partners — the firm's multifamily investment and development platform — and sits on Redgate's Investment Committee, helping steer the firm's overall investment activity. He has more than 20 years of experience in real estate development and acquisitions, concentrated in the multifamily sector, and has been involved in the planning and development of over 5,000 housing units ranging from small-scale adaptive-reuse condominium projects to luxury high-rise apartment communities.
Before founding Redgate, Szary was an executive at Archstone, one of the nation's largest apartment owners and developers, serving as Senior Development Officer in its Boston office. There he was responsible for the origination, underwriting, and execution of multifamily projects across the Boston and New York metro areas, including work associated with major developments such as NorthPoint in Cambridge and Avenir in Boston. He began his career on the brokerage side — as a development intern / commercial broker at Spaulding & Slye — before transitioning into development. He has credited commercial broker Deb Gould (now Executive Managing Director at Newmark) as a formative mentor who taught him deal-making frameworks and off-market sourcing.
Szary holds a Bachelor of Arts in Economics from Colgate University and a Master of Science in Real Estate Development from Columbia University. He advises younger professionals to invest early in real estate finance and advanced modeling skills, saying that doing so "will serve you more than you may realize."
Investment Thesis & Focus
- Invests in and develops multifamily residential real estate — ground-up development, adaptive reuse, and acquisitions — rather than operating companies or startups.
- Focus on urban revitalization: identifying under-utilized or overlooked sites and transforming them into lifestyle-driven residential communities ("from junkyard to jewel").
- Emphasis on wellness, amenities, and lifestyle as differentiators — thermal spas, living roofs, on-site dining, and resort-style amenities in recent projects.
- Deal sourcing leans on off-market opportunities and relationships, a discipline he traces to his brokerage roots.
- Underwriting rigor: he stresses real estate finance and advanced modeling as the core competency behind Redgate's investment decisions.
Notable Investments
- Maxwell's Green (Somerville, MA) — Redgate's inaugural post-2008 multifamily development, executed with partners AEW and Santander; Szary calls it "the project I'm proudest of to this day."
- Gibson Point (Revere, MA) — 291-unit wellness-focused community featuring what's billed as New England's largest residential living roof, a thermal spa, zen garden, and on-site restaurant (Mila's); winner of the 2025 Multifamily Excellence Award.
- 500 Ocean Ave (Revere Beach, MA) — 305-unit mixed-use oceanfront project with resort-style amenities and Blue Line transit access.
- NorthPoint (Cambridge, MA) and Avenir (Boston) — large multifamily developments he worked on earlier during his tenure at Archstone.
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