Over the last 40 years, the Republic Family of Companies has developed 30 million square feet of real estate—across all categories: multifamily, office, hotel, retail, 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 the Washington, D.C. metropolitan area, and Richmond, Charlotte, Atlanta, Denver, Philadelphia, San Jose, San Francisco, and Silicon Valley, as well as the Southeast—
all recognized as top residential and commercial markets in the country.
Republic has executed over 35 public/private sector projects, many in partnership with city transit authorities, colleges and universities, churches, and YMCAs. Recently awarded projects are in uptown Charlotte, NC
(16 acres including a major public transportation hub in one of the fastest growing cities in the country), midtown Atlanta, GA (17 acres and 4 million square feet of mixed-use development surrounding the existing Civic Center), and downtown Richmond, VA (67 acres, including a new 10,000-person capacity Minor League Baseball stadium).
In partnership with the District of Columbia, Republic is now in the final phase of its Portals development, the largest public/private sector partnership in the City of Washington, D.C., covering 3 million square feet and including a luxury Salamander Hotel, with an aggregate market value in excess of $2billion. Recently completed construction includes 1331 Maryland Avenue, S.W. (Portals V), a luxury 373-unit residential building (550,000 square feet at a cost of $230 million), which sits prominently above the Tidal Basin with views of the Potomac River and National Mall. Phase II construction on the 360-unit adjoining building begins in fall 2022 (with a projected cost of $265 million).
Additionally in Washington, D.C., Republic’s projects include the development of a wide range of signature and monumental commercial properties such as the completed Washington Harbor, Georgetown Park, Market Square, Republic Square I and II, and the Ronald Reagan Building on Pennsylvania Avenue.
Republic secured $330 million in construction financing for 445 12th Street, S.W., Washington, D.C., for a lease with the Pension Benefit Guaranty Corporation for their 431,000-square-foot Federal Headquarters in this 609,000-square-foot Class-A office building.
Republic is also presently acquiring and developing over 1,000 units per annum of multi-family projects in the Southeast, the Washington, D.C. metropolitan area, and the Mid-Atlantic parts of the United States, with plans to accelerate development over the coming year.
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.