Real estate is a cyclical, constantly changing business with certain inherent
inefficiencies. As an entrepreneurial firm, we embrace change because it creates
opportunities for new investment.
Our investment objective is to achieve attractive risk-adjusted returns by:
effectively fostering and managing change; anticipating inflections in the
market cycle; adhering to a value-oriented investment discipline and employing
our development and operating skills to optimize value.
Generally, the properties we seek to acquire fit the
• Properties in gentrifying or growing sub-markets;
• Properties that are well-located with sound real estate fundamentals;
• Properties offering compelling “value-add” potential through
the effective management of entitlement,
renovation, repositioning, releasing or adaptive re-use risk; and
• Properties that possess a sustainable competitive advantage.
Additionally, our investment approach is guided by the following tenets:
The Washington Metropolitan Area is where we concentrate our business activities.
It is where our principals have been successful for over five decades. Our
experience, gained through multiple real estate cycles, gives us the market
insight and relationship network to be highly effective in sourcing and executing
Flexible, Sector Independent
Our ability to pursue a diverse mix of opportunities without being confined
to a single sector or product type is a unique strength of our firm. Having
this flexibility enables us to invest opportunistically and be responsive to
changing conditions in the marketplace. Our agility and independence allows
us to remain diversified and active throughout all stages of the real estate
We are highly selective in the projects we undertake, ensuring
hands-on involvement by the principals of the firm. This allows us to concentrate
on important details and proactively manage risk.
While entrepreneurial in seeking opportunity, we are disciplined and thorough
in our approach to evaluating potential investments. All transactions are underpinned
by realistic underwriting assumptions, rigorous due diligence and a careful
analysis of “downside” risks. From this process, detailed business
plans with well-defined exit strategies are prepared and implemented in managing