WASHINGTON, DC - Atlanta-headquartered ARA, the largest privately held, full-service investment advisory brokerage firm in the nation focusing exclusively on the multihousing industry, announces the addition of land brokerage services to ARA’s recently announced Washington, DC office.
Under the direction of Managing Principal Mark Anstine, a fifteen year land brokerage veteran, the company reunites Richard MacDonough, Dan Lockard, and John Giebel, longtime regional land brokers. The group will focus on creating and brokering mixed-use, residential, transit-oriented development, and multifamily development opportunities, among other land sales.
Anstine says that “with Fortune 500 companies continuing to relocate to the area, employment projections continuing to be favorable, and development capital seeking placement here, our region has the strongest housing and mixed-use development climate in the nation. The time is right to put this seasoned team together in order to bring new development opportunities to the market and create value for landowners and builders alike.”
Lockard and Giebel are Virginia-focused and MacDonough leads ARA’s Maryland and Washington, DC markets, but the team will operate jointly throughout the region. Lockard, an urban development specialist with significant deal creation history in Northern Virginia, observes that “The mid-Atlantic - particularly the Baltimore-Washington corridor - has unprecedented opportunity for multifamily housing, with current and future residents looking for rental situations in employment areas.”
Additionally, the group points out that young professionals are gravitating toward denser, apartment-style living in walkable, transit oriented areas, creating a new market for ARA’s clients with dense development capability. Nevertheless, area suburban development opportunities are still ripe, and Giebel observes that “Because our region has an excellent employment profile, high barriers to development entry, and superior schools and services, there are numerous sites that offer the potential to create new communities that take advantage of our area’s amenities.”
MacDonough, a long-time Maryland land specialist, concurs and notes that “BRAC and the region’s technology, biotech, and other employment hubs continue to expand. The Fort Meade, I-270 corridor, and sites inside the Beltway into DC present landowners and developers real value both short and long term.”
The office just opened, yet the team already is working on deals worth over $100 million and plans to begin marketing its sites this month. Anstine says that he saw his team “jelled instantly and you can feel the camaraderie from the first minute we started working together again. This group works together incredibly well - we always have, and we are the very kind of team that our clients look to and enjoy working with. We are definitely excited to get out to the market and reintroduce ourselves to the mid-Atlantic in our new venture. It’s going to be a lot of fun.”
For more information regarding ARA’s Washington, DC Land office please contact mark Anstine at manstine@ARAusa.com or at 703.575.2101. To schedule an interview with an ARA executive regarding this release or for more information about ARA, please contact Lisa Robinson at lrobinson@ARAusa.com or 678-553-9360.
About ARA
Atlanta-headquartered ARA is the largest privately held, full-service investment advisory firm in the nation that focuses exclusively on the brokerage, financing and capital sourcing of multihousing properties including conventional, affordable, distressed assets, note sales, manufactured, seniors and student housing and multihousing land. ARA is comprised of the country’s top investment professionals who leverage a unique and fully integrated cooperative business platform of shared information, relationships and technology driven solutions. ARA’s unified enterprise approach ensures that clients are delivered the broadest asset exposure, effective matching of buyers and sellers, and the shortest transaction timeframes in the industry. The combination of resources, unparalleled market expertise and nationwide presence in the multihousing marketplace has resulted in average annual production volume of $5.5 billion in real estate transactions since 2005. For detailed information on ARA’s extensive multihousing investment services, visit www.arausa.com