FINMARC MANAGEMENT, INC. AIMS TO ECLIPSE 2024 ACQUISITION ACTIVITY WITH PURSUIT OF MORE THAN $200 MILLION WORTH OF ASSETS IN 2025
Posted on: 25/02/2025

Finmarc Management, Inc., a diversified commercial real estate investment and management firm headquartered in Bethesda, Maryland, has revealed its intentions to acquire approximately $200 million worth of commercial real estate assets in 2025. This pursuit would eclipse the privately-held company’s purchase of more than 1.3 million square feet of commercial office and retail space in the greater Washington, D. C., Virginia, and Maryland markets in 2024. Finmarc, which remains especially active in the DMV area, maintains a portfolio stretching from New York to North Carolina, and will explore opportunities across the United States.

Highlights of Finmarc’s 2024 acquisition activity included its purchase of the 185,000 square foot Riverview Plaza in Frederick, Maryland for $30 million; the acquisition of Trinity Centre, a four-building portfolio composed of nearly 500,000 square feet of Class “A” commercial office space in Northern Virginia for $39 million; and the $51 million purchase of Dulles Corner, a four-building, 620,000 square commercial office portfolio in Northern Virginia.

              “We are highly differentiated from our peer group by our ability to immediately access internal capital and react quickly and decisively to emerging opportunities we uncover or that are presented to us,” stated Finmarc Principal Neil Markus. “The entire Finmarc team is local and compact and we are not bound by opinions of any outside investors or by achieving a defined internal rate of return goals. Most importantly, our ready capital positions us to sellers of assets as a preferred and proven counterparty with a strong track record of certainty to close.”

Finmarc has traditionally been attracted to investing in value-add retail and warehouse/industrial opportunities, but the company remains interested in the commercial office sector and will continue to evaluate assets that match the group’s investment profile. In the case of last year’s acquisition of commercial office portfolios Dulles Corner and Trinity Centre, Finmarc’s optionality to rezone certain portions of the properties for alternative uses significantly increased their appeal.

              “The commercial office submarkets in and around the greater District of Columbia area are steadily shrinking due to building conversions to residential uses, but we are confident that the recent return-to-work agenda will have a substantial impact on leasing and create new demand for office space regionally,” added Markus.

              “With the capital market not showing signs of opening up, we are starting to see increased appetite among sellers and their lenders to dispose of assets,” Markus added. “We remain extremely optimistic about achieving our $200 million goal in the year ahead.”

              “Finmarc was among the few local or national commercial real estate companies that maintained its acquisition pace last year, and that success provides important momentum heading into the new year,” stated Markus. “Sellers in various asset classes recognize that we are serious about executing additional acquisitions now and in the future.”

Finmarc Management, Inc. is 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 encompassing nearly eight million square feet of commercial properties located in Maryland, Washington, D.C., Virginia, Delaware, Pennsylvania, and North Carolina. For additional information visit www.finmarc.com.