James D. Campbell
A co-founding principal of Somerset Development, Mr. Campbell leads the company in identifying, analyzing, and packaging the financing of Somerset’s real estate development portfolio valued at $400 million with over 2,270 multi-family residential units with retail units and new community buildings. He has expertise in forging public-private partnerships and affordable housing development, including Low Income Housing Tax Credits, Historic and New Markets Tax Credits, and federal, state, and local housing finance.
Prior to starting Somerset, Mr. Campbell served for eight years at the AFL-CIO Investments Trusts, primarily as the Chief Investment Officer. The Investment Trusts consist of two co-mingled real estate investment funds: the Housing Investment Trust and the Building Investment Trust. Together the Trusts invested approximately $1 billion of pension capital per year in new housing and commercial real estate projects.
Prior to joining the Trusts, Mr. Campbell was Vice President for Development for Related Companies Northeast, a private developer of housing in the Boston area. Mr. Campbell has managed economic and housing developments for city and state governments; among them, the highly successful $1 billion, mixed-use redevelopment of the East Cambridge Riverfront. He has served as the executive Director of a non-profit community development corporation. Mr. Campbell has a Master’s Degree in City and Regional Planning from Harvard University.