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“If you want to go fast, go alone.

If you want to go far, go together.”

Ancora L&G acquires, develops, operates, and invests in real asset solutions in partnership with leading U.S. anchor institutions.
Modern office lounge with chatting coworkers

Ancora L&G is relationship-driven

We are relationship-driven investors offering a strategic execution and capital partner to our anchor institution clients.

We believe in the power of anchor institutions – research universities, academic medical centers, and other non-profit and public institutions deeply rooted within their communities – to impact their local and regional economies.

We focus exclusively on supporting our clients’ mission and priorities, unlocking opportunities for anchor institutions in a way that creates shared value between the institution, community, and investors.

Creating shared value requires a different approach to real-asset solutions, creating durable relationships and fostering new connections and insights to align goals and enhance innovation ecosystems that help expand educational, research, and entrepreneurial opportunities throughout the U.S.

We offer connections, capabilities, and capital

We have deep connections all across the country. We build lasting relationships that enable us to consistently uncover new opportunities and capitalize on the unique investments they present.

Each team member brings their own unique capabilities to the table. This diverse expertise enables us to identify promising opportunities and deliver projects that benefit our clients, investors, and the broader community.

Our partnership with Legal & General gives us the ability to deploy capital creatively and in alignment with the longer investment horizons of anchor institutions.


We bring bespoke solutions

We dig in deep. We roll up our sleeves, grapple with whatever challenges our partners face and find the right answers together.

We connect with anchor institution leaders, faculty and researchers, neighborhood organizations, local and state government, economic development, and civic organizations. We learn what success looks like for each stakeholder. By creating meaningful connections, we bridge gaps, align diverse agendas, build trust, and arrive at new, unexpected solutions that realize value for all parties involved.


We do more than build buildings

We strive to enhance and accelerate innovation ecosystems that can become powerful engines of progress within communities.

We engage at the intersection of the innovation economy, aligning our clients’ missions with our private and public sector partners’ needs to create better outcomes for everyone. We do that by partnering with anchor institutions to create places, spaces, and programming designed to expand educational, research, and entrepreneurial capabilities that can enrich lives and enhance the vitality and diversity of the areas around them. Our aim is to cultivate economies that work for everyone. We never lose sight of the principles that guide us, ensuring that the places we create are sustainable, socially responsible, and managed with integrity.

When you partner with Ancora L&G, you’re not just investing in a development project; you’re investing in the future of a community.


We leverage our expertise to realize your vision

As focused, experienced real estate developers and investors, we are fully attuned to our clients’ needs, visions, and aspirations. We’re known for our ability to find creative solutions to even the most complex challenges. Here’s how we do it:


Innovative communities that offer tremendous potential

Our developments are strategically positioned to realize the immense value generated by the cutting-edge research, groundbreaking scientific advancements, and spirit of entrepreneurship fueled by our anchor institution partners. Each one exemplifies our mission:

To create a network of inspiring and thriving communities that build enduring economic and social value.

Featured projects

Science at Square Logo


Discover Science at Square Ten, a vibrant hub of growth and discovery close to Yale University, in New Haven’s booming biotech hub.

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PVD Labs Logo


Take a look at The PVD Labs, a dynamic new center adjacent to Brown University and anchored by the Rhode Island Public Health Lab, that will turbocharge Rhode Island’s fast growing life science industry.

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Electric works logo


The historic General Electric campus in Fort Wayne, Indiana has been reborn as Electric Works, a lively district of innovation, energy, and culture.

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Legacy Labs Logo


Located in Georgia Tech’s Science Square Innovation District, Legacy Labs at Science Square has been a hub for growing Atlanta’s life sciences ecosystem.

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Unusually experienced

Our team is a dynamic blend of real estate expertise and institutional experience, an energetic fusion of diverse individuals, each contributing their unique strengths, skills, and perspectives. If you look at the country’s best places for innovation, our team has served in leadership roles in those places.

Team in industrial office space

Josh Parker

Founder, Chairman and Chief
Executive Officer

Josh is responsible for overseeing all firm strategy, policies, and procedures along with day-to-day operations. He leads the Board of Directors and sits on the firm’s Investment Committee. He is widely recognized for his experience in adaptive re-use, urban redevelopment, innovation and entrepreneurship initiatives, university-leased real estate and mixed-use development.

Jeff Kingsbury

Co-founder and Chief
Customer Officer

Jeff oversees customer relationships, property operations, leasing, and innovation services. He brings over 30 years of experience and, as a principal in the development of over $1 billion in real estate, has worked with leading anchor institutions at the intersection of economic development, placemaking, and sustainability across the U.S. and internationally.

Nicole Morrill

Chief Real Estate Officer

Nicole oversees Ancora’s development, construction, and transactions activities for Ancora L&G. She has led $3.2B in development and construction projects for both private and publicly held companies. Nicole’s experience spans the full life cycle of development and multiple asset classes, including complicated master planned and phased projects.

Lindsay Anderson

General Counsel

Lindsay is responsible for overseeing Ancora L&G’s legal affairs, drawing on extensive experience in commercial real estate from both private practice and in-house settings. Her comprehensive understanding of real estate law and collaborative approach greatly benefits the company, investors, and stakeholder interests.

Kevin Kirby

EVP and Managing Director, C&I

Dr. Kirby leads the Connections & Insights team which helps anchor institutions build new partnerships within their communities. His experience spans both public and private institutions where research and innovation are core missions, serving in Chief Operating Officer roles at Rice University, Columbia University Medical Center, and the National Institutes of Health.

Ryan Hessing

Head of Finance

Ryan oversees the finance and accounting operations of Ancora L&G. As a seasoned finance leader, Ryan has been involved in over $1 billion in real estate transactions from the principal side overseeing all aspects of the real estate life cycle including deal sourcing, underwriting, capital raising, portfolio management and financial reporting and has advised on over $10 billion in real estate transaction volume.

John Lecker

Senior Vice President of Development

John has over 30 years of experience working on large public-private partnership and anchor institution based mixed use development. He has worked on several award-winning projects spanning urban redevelopment and university lead real estate and mixed-use development covering 2.5 million square feet totaling over $2 billion in value.

Ursula Powidzki

Senior Vice President of C&I

Ursula leads the assessment of new markets and institutional partners, and actively finds, develops, and often sources funding for partnerships and tenants that generate innovation buzz and substance. Her thirty-plus year career has been focused on the intersection of commercial real estate and economic development.

Pete Isaac

Vice President Connections & Insights

Pete has spent his career helping colleges and universities optimize real estate solutions through innovative public-private partnerships. First as an advisor, then as a development partner, Pete has supported nearly 100 institutions in the planning and delivery of campus projects that are both mission driven and market responsive.

Henry (Hank) Webber

Advisor, Connections and Insights

Hank’s focuses on Innovation Communities. He was Vice Chair of the Board of Directors of Cortex from 2010-2016, and Chair through 2021. He helped a 200-acre urban technology redevelopment district in St. Louis grew from under 100 companies and 1,000 jobs to over 425 companies with 6,200 jobs.

Holden Thorp

Senior Advisor,
Connections & Insights

As a scientist, researcher, professor, and former university leader, Dr. Thorp brings a deep understanding of anchor-driven projects with a focus on university relationships. He served as provost at Washington University from 2013 to 2019. Prior to that, he served as the 10th chancellor at the University of North Carolina at Chapel Hill from 2008 through 2013.

Local expertise amplified by global reach

In 2022 we formed Ancora L&G, backed by Legal & General — one of the UK’s leading financial services groups and a major global investor. At Ancora L&G, we share a deep commitment to investing in socially, environmentally, and economically responsible developments. We are dedicated to advancing science and technological innovation across the US.


Ancora L&G is grounded in a strategic approach—to invest in and build a premium portfolio of science and technology assets in emerging U.S. markets, in partnership with high quality anchor institutions. This shared vision is at the heart of our collaboration.


Ancora L&G is built upon the strong track record of Ancora’s experienced team in the U.S., coupled with the long and successful investment history of Legal & General Capital in the UK. We share ambitious goals as we undertake new acquisition and development initiatives, creating vibrant environments that will serve as epicenters of innovation and progress.

Together we bring deep expertise to every project and a shared commitment to turning each client’s vision into a vibrant reality.