“We entrusted the principal’s at EDGE to develop the real estate strategy for our Maryland portfolio. The results…a decade long relationship, over 650,000 sq. ft. of leasing, nearly $500 million in transactions, the largest lease transaction in Maryland, and two Sales Transaction of the Year Awards. The results speak for themselves.”

- Weldon Humphries, (Former) Senior Vice President, Choice Hotels International

Deer Park Office Center– Gaithersburg, Maryland

Deer Park Office Center– Gaithersburg, Maryland
At the time of this acquisition, Edge principals identified a lack of supply and severely pent up of demand for office condominiums. The investment strategy for this property was a “gut to the shell” renovation and small suite office condominium conversion.

Attentive tax engineering enabled capital gain treatment to the equity verses typical normal income treatment, making this an even more compelling investment opportunity.

Value-add / Repositioning Acquisition

• Acquired off market from a notoriously difficult seller
• 52,000-sq. ft., two-building office park acquired for $3,000,000 in
• July 2004
• $6,000,000 “gut” renovation and office condominium conversion

400% total cash on cash return

Back