Purchase of 94,000 SF vacant office building in Old Town, Alexandra Rezoned from commercial to residential use Conversion of and addition to existing structure resulting in 143 multifamily rental units Delivery expected second half of 2028
Off-market purchase of 19 acres in Prince William County, VA at an attractive land basis Successful re-entitlement to allow up to 191,000 SF of Industrial flex/warehouse space Expedited approvals as the project accomplishes key County objectives
Gainesville Industrial is a 22-acre industrial assemblage located in Gainesville, VA consisting of 133,064 SF of building space and 10.7 acres of industrial outdoor storage The Property is ~98% leased today with in-place rents materially below prevailing market rates
Purchased a 100% leased four-building 221,000 sf, 36-acre small bay industrial park with 5 acres of outdoor storage Rare purpose-built small bay industrial portfolio of scale with future development optionality Opportunity to significantly increase rents across the portfolio Purchased below replacement cost
Purchased a five-building 577,000 sf, 25-acre office park well below property replacement cost Purchased with a forward lot purchase agreement with a national homebuilder for majority of the property Existing in-place cash flow to support entitlement and redevelopment efforts
Distressed Office Conversion Purchased a four-building 680,000 sf, 34-acre office park in a lender-induced sale well below the outstanding debt balance and property replacement cost Opportunity to rezone majority of the property for residential uses Significant existing cash flow supported by a mix of high-credit tenants
156,000 sf Class B office building in the heart of Bethesda Purchased at a significant discount to outstanding principal balance High going-in yield on purchase price Over 500,00 sf of residential/mixed-use development potential
40,000 sf infill warehouse purchased at a deep discount to replacement cost Rare, secured industrial outdoor storage (IOS) opportunity combined with a functional warehouse just 10 minutes from the Washington, DC border Value-add industrial opportunity in supply constrained last mile location Property is highly visible from the Capital Beltway (over 175,000 vehicles per day)
Purchase of an 11.8 acre Opportunity Zone site in Frederick, MD Site is highly visible and directly adjacent to Interstate 270 with access to multiple interchanges The existing improvements will be torn down to make way for a 140,000 sf Class A Life Science facility The Project is designed with a highly functional truck court,
560,000 sf of office density with approved development plan
Purchased well-below market land value
Dwindling supply of office development sites on the Toll Road and proximate to Metro
Positive leasing momentum for new office construction