New England Development (NED) is one of the nation's premier real estate development and management companies, led by Chairman Stephen R. Karp, Vice Chairman Steven S. Fischman and President Douglass E. Karp. As part of NED's national portfolio that includes retail, mixed-use and hospitality assets, plus marinas and golf courses, the company operates luxury hotels on Nantucket, MA & in Palm Beach, FL, including White Elephant Palm Beach, White Elephant Nantucket and The Wauwinet, all gathered under the White Elephant Resorts hospitality portfolio.