Over the last 40 years, the Republic Family of Companies has developed approximately 30 million square feet of real estate (across all categories: multi-family, office, retail, hotel, and institutional) representing an investment at a cost of over $9 billion. It currently has more than $2 billion of new projects under construction and development, many of which are Transit-Oriented Developments (TODs), in top U.S. commercial and residential markets including Washington, D.C. SMSA, Denver, Philadelphia, San Jose/San Francisco/Silicon Valley markets, and the Southeast. In addition, Republic has initiated a national development program in conjunction with the YMCA and various Veteran’s Associations for the redevelopment and development of their facilities across the United States.
Republic has executed over 35 private/public sector projects, many of them in partnership with city transit authorities, colleges/universities, and churches, and is now working on a number of multi-hundred-million-dollar developments in major cities around the U.S. with millions of square feet in its development pipeline. An example of this, among others, is the selection of Republic as the developer of a 3-million- square-foot $2 billion public/private sector mixed-use, Transit-Oriented Development at one of the major transit networks in Charlotte, North Carolina (one of the fastest growing cities in the country).
Additionally, Republic’s projects include the development of a wide range of signature and monumental commercial properties such as the completed Washington Harbour, Georgetown Park, Market Square, Republic Square I and II, the Ronald Reagan Building on Pennsylvania Avenue (over 3 million square feet and the country’s second largest building) developed by the principals of Republic, as well as the Portals, a 5-phase, 3-million-square-foot project which includes the Mandarin Oriental Hotel in greater Washington, D.C. with an aggregate market value in excess of $2 billion. This public/private sector partnership with the District of Columbia Government is the largest private sector project in the City of Washington, D.C.
Republic is also presently acquiring and developing over 1,000 units per annum of multi-family projects which include “value-added” investments and “stick built” projects in the Washington, D.C. SMSA, the Mid-Atlantic area (including Raleigh and Chapel Hill, North Carolina and Richmond and Tidewater, Virgina), as well as the southeast and southern part of the United States (Jacksonville, Orlando, and Melbourne in central Florida), with plans to accelerate development over the coming year.
Recently completed construction projects include the 550,000 square foot Portals V residential building (1331 Maryland Avenue S.W.) which is adjacent to the Mandarin Oriental Hotel in downtown Washington, D.C. (2019). This signature, luxury 373-unit rental apartment project looks over the Jefferson Memorial, with views of the Potomac River, the National Mall, Arlington Cemetery, the Lincoln Memorial, and the U.S. Capitol with estimated project costs of $230 million.
Another example of a current transaction is Republic’s $330 million financing of 445 12th Street, S.W., in Washington, D.C. for a lease with the Pension Benefit Guarantee Corporation for their 431,000 square foot Federal Headquarters in this 609,000 square foot Class A office building.
Republic’s financial capacity is deep, and the company has enjoyed relationships representing billions of dollars with major lenders, such as insurance companies, pension funds, private equity firms, and real estate investment trusts (REITs).
Republic targets value-add, multi-family apartment communities located throughout the Mid-Atlantic and Southeast.
We typically seek Class A and B properties built in the 1970s through the 2000s with 150 units or more in garden or mid-rise formats that can be repositioned through a combination of rent-accretive renovations and exterior work.
Our portfolio is diverse, fluid and dynamic with projects being acquired, financed, renovated and/or harvested at any given time. We focus on Core, Core Plus and Opportunistic investments primarily in the Mid-Atlantic, Southeast and California.
On average, we hold apartment investments for five years, targeting mid-teen-levered internal rate of returns on market-rate leverage through aggressive value-add asset management.
Our development strategy targets high-growth areas, as well as areas specified for growth, that offer transit-oriented development and green building opportunities. Focusing on infill urban and suburban development, our experience building a variety of product types—including residential, hotel, retail, office, and mixed-use—gives us the flexibility to create projects that realize the highest and best use of the land.
Republic’s approach often involves teaming up with local partners and leveraging their market knowledge. We often acquire off-market, un-entitled property, working with the community and local government to create a project that is embraced by the neighborhood and city in which we are operating
Republic and our principals have extensive experience in the placement of debt and equity facilities necessary to achieve investment objectives. These include acquisition loans, construction financing, senior and mezzanine loans, and preferred and common equity.
Our financial capabilities are deep and we have built long, successful financial relationships—totaling in the billions of dollars—with major lenders representing insurance companies, pension funds, private equity firms, and real estate investment trusts. Together, we have developed over $9 billion worth and 30 million square feet of projects across all real estate product lines.
Property Management & Leasing
At Republic, we strongly believe in the important role that leasing, asset, and property management along with building operations and proactive ownership plays in the overall financial strategy and success of an investment. It is why we manage our own office, retail, and selective apartment projects in our portfolio with occupancy, tenant satisfaction, and judicious financial oversight in mind.
Republic’s management, engineering, and building staff are professional and up to date with industry standards and certifications. Our people strive for constant improvement and knowledge in their respective fields through on-going education and involvement with real estate management affiliations.
We pride ourselves on delivering industry-leading management and leasing services to all property and tenant types. Our goal is always to maintain and enhance the fiscal health of each asset, maximizing investor returns while at the same time providing premiere, personalized tenant services at all times.