Featured Quotes

The journey of a thousand miles begins with one step.

         – Lao Tzu

If opportunity doesn’t knock, build a door.

         – Milton Berle

When one neighbor helps another, we strengthen our communities.

        – Jennifer Pahlka

If it’s not fun, you’re not doing it right.

          – Bob Basso

Commitment means staying loyal to what you said you were going to do, long after the mood you said it in has left.

        – Neil Patel

One, remember to look up at the stars and not down at your feet. Two, never give up work. Work gives you meaning and purpose and life is empty without it. Three, if you are lucky enough to find love, remember it is there and don’t throw it away.

        – Steve Hawking

It’s not how much you have that makes people look up to you, it’s who you are.

         – Elvis Presley 

God has given us two hands–one to receive with and the other to give with. We are not cisterns made for hoarding; we are channels made for sharing.

         – Billy Graham

We should not look back unless it is to derive useful lessons from past errors, and for the purpose of profiting by dearly bought experience.

         – George Washington

Human happiness and moral duty are inseparably connected.

         – George Washington

Let your heart feel for the afflictions and distress of everyone.

         – George Washington

I alone cannot change the world, but I can cast a stone across the waters to create many ripples.

         – Mother Teresa

Heroes didn’t leap tall buildings or stop bullets with an outstretched hand; they didn’t wear boots and capes. They bled, and they bruised, and their superpowers were as simple as listening, or loving. Heroes were ordinary people who knew that even if their own lives were impossibly knotted, they could untangle someone else’s. And maybe that one act could lead someone to rescue you right back.

         – Jodi Picoult

What should young people do with their lives today? Many things, obviously. But the most daring thing is to create stable communities in which the terrible disease of loneliness can be cured.

         – Kurt Vonnegut, Palm Sunday

No man is an island, entire of itself; every man is a piece of the continent, a part of the main. If a clod be washed away by the sea, Europe is the less, as well as if a promontory were, as well as if a manor of thy friend’s or of thine own were: any man’s death diminishes me, because I am involved in mankind, and therefore never send to know for whom the bells tolls; it tolls for thee.

         –  John Donne

Music gives a soul to the universe, wings to the mind, flight to the imagination and life to everything.

         –  Plato

Everything is connected, no one thing can change by itself.

         – Paul Hawken

Life has a way of testing a person’s will, either by having nothing happen at all or by having everything happen as once.

         –  Paulo Coelho

Be Brave. Take Risks. Nothing can substitute experience.

         –  Paulo Coelho

Do. Or do not. There is no try.

         – Yoda, Jedi Master

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Partner Profile: Beverly Gallo of Peregrine Urban Initiative LLC

March 22, 2024

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Partner Profile: Beverly Gallo of Peregrine Urban Initiative LLC


Bev Gallo is Owner Principal of Peregrine Urban Initiative LLC and is a consultant with Core Investments, Inc.


What is Peregrine Urban Initiative LLC?
PUI is a real estate and affordable housing development advisory firm that specializes in the creative financing of affordable housing and economic development programs in Massachusetts and beyond.

What do you actually do for Core?
I am advising on all things related to affordable, subsidized, and mixed-finance housing and economic development. I have been working with Core since 2014, and over the years, I’ve done a lot of their internal financial modeling and deal structuring. I provided project management services on Washington Village. I’ve also worked with Core on advancing workforce development projects, preparing business plans, and pursuing components of the capital stacks. Recently, I have been focused on the affordable housing component at 495 Dot Ave. – working with John Barros and Dream Collaborative JV Partnership.

What else do you do besides work for Core?
I work mostly with not-for-profit CDCs [Community Development Corporations] and for-profit development companies, and I also develop properties on my own book. I partner with folks at Peregrine Group LLC [of Rumford, RI], of which I’m an affiliate. Locally, we planned, financed, and delivered the 43-unit Parkside on Adams apartments in Roslindale, the Roslindale Substation historic redevelopment, and 63 new rental units at 1943 Dot Ave. in Ashmont, in Dorchester. We also built and sold the Villages on Mount Hope Bay, a 230-unit 55-plus senior condominium community in Tiverton, Rhode Island, and more recently delivered the Hammetts Hotel in Newport.

I’m doing a lot of work these days with state-owned public housing authorities, using any and all of the tools in the toolbox to support the redevelopment and revitalization of often failing and operationally underfunded state-owned public housing. I am currently working with the Watertown Housing Authority, assisting the Public Housing Authority to pursue 125-plus new and replacement units in a 100-percent affordable program, as well as an 80-unit scattered site redevelopment effort in Manchester-by-the-Sea.

What did you do before this?
I’ve been doing this forever. In the mid-to-late ‘80s, I worked for the Flatley Company in Braintree before moving to California to join an architectural firm in San Francisco. I moved back to Boston in the early ’90s to attend graduate school at MIT. After grad school, I did a short stint with a South Boston Neighborhood Development Corp., where I was the Development Director. My team and I worked to finance and develop the Castle Cove Senior Housing development, on D Street, and Taylor’s Market, on Broadway, a subsidized historic rehabilitation.

Where did you go to school?
I went to UMass Amherst as an undergrad, and at MIT I received a Master’s degree in in Urban Planning and a Master of Science in Real Estate Development.

And where did you grow up?
Outside of Boston, We moved around a bit. Needham, Hudson and Cataumet (Scraggy Neck in Bourne). I was born in Boston.

Where do you live now?
Arlington, on Mystic Lake at the mouth of the Mystic River.

What do you do to have fun when you’re not working?
That’s a good question. Mostly hang out with my dog and my husband, Mike. He’s a scientist, a molecular biologist, and the dog is a 110-pound Bernese Mountain Dog named Iffley. My daughter just turned 24. She now lives in Chicago. She’s an artist with a focus on fashion design and is about to move to Los Angeles to start her career. She recently graduated from The Art Institute of Chicago.

What’s a favorite place of yours in the Boston area?
I have so many favorite places in and around the Boston area. I’m almost always outside because Iffley is always in tow. I spend a bit of time in the City itself, but we’ve recently been spending a great deal of time in Marblehead, where my dad is from. We’ve recently started exploring other communities on the North Shore, such as Essex and Ipswich. We’re up there all the time—we love the miles and miles of walking trails and ocean views.

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