FINMARC MANAGEMENT, INC. ANNOUNCES INTENTIONS TO ACQUIRE $350 MILLION WORTH OF COMMERCIAL REAL ESTATE ASSETS IN 2021
Posted on: 07/06/2021

Bethesda, Maryland based company searching for core and value-add retail, office, flex/office, and warehouse/industrial properties throughout Mid-Atlantic region

Finmarc Management, Inc., a Bethesda, Maryland-based privately-owned, commercial real estate firm, has announced its intentions to acquire $350 million worth of commercial real estate assets in 2021. The company is actively in the market for core and value-add office, retail, flex/office and warehouse/industrial properties located throughout the Mid-Atlantic region to add to its existing portfolio approaching seven million square feet of space. Based on the recent sale of several assets, Finmarc has ample cash reserves to fund the acquisition activity internally.

“We believe regional fundamentals and current economic conditions are ideal to pursue this strategy and intend to be extremely aggressive in uncovering both off-market, joint venture and for sale opportunities in our core markets throughout the Mid-Atlantic” explained Finmarc Management Principal Marc Solomon. “The combination of continued low interest rates, a rapidly-improving economy and pent-up demand after abnormally-slow transactional volume last year are prime factors fueling our acquisition program.

“We are especially interested in under-performing properties that provides our team opportunities to build value with proven leasing and asset management tactics. We view our private, internal capital as an advantage as we are not constrained by a time period for holding an investment or defined internal rate of return goals for any investor or partner that other companies may have,” Solomon added.

The Finmarc Management portfolio currently consists of properties located in a geographic region spanning from New York to Northern Virginia, and the company has acquired assets as far south as Richmond, Virginia. With a concentration of properties in the greater Washington, D.C. and suburban Virginia and Maryland area, Finmarc has recently expanded its target area to emerging markets with growing population centers in the south and northeast regions of the country.

“Our acquisition criteria primarily focus on the strength of the submarket demographics, existing population density and the potential for growth, as opposed to the greater macro market conditions,” Solomon added. “By way of example, we pursued assets in the Norfolk region based on the densely-populated southeast Virginia area, as well as acquiring a recent 440,000 square foot flex/office portfolio in Frederick, Maryland. We were especially interested in Frederick because we believe in its long-term growth potential while functioning as a business hub serving both the Baltimore and Washington, D.C. metropolitan regions.”

In the past several years, Finmarc has transacted more than 30 assets with a combined value of nearly $700 million. Finmarc Management a fully-integrated commercial real estate company that focuses on real estate investment, management, leasing and development of retail, industrial/flex, and office properties throughout the Mid-Atlantic region. The firm presently owns and manages a portfolio approaching 7 million square feet of commercial properties located in Maryland, Washington, D.C., Virginia, Delaware and Pennsylvania. For additional information visit www.finmarc.com