As native Washingtonians, the team has local market knowledge and a focused approach to sourcing off-market deals. We are meticulous and methodical in our underwriting and deal structuring, allowing us to mitigate various deal-specific risks.
Targeted Approach
We target underutilized assets in both developing and established neighborhoods in the DC Metro Area. With a focus on mid-sized projects ranging from $30 million to $100 million budgets we often identify opportunities that are too large for small private developers and below the radar of large institutional investors.
Analytical Underwriting
FORTIS combines entrepreneurial tenacity with institutional analysis. FORTIS’ senior management has worked for some of the DC region’s most well-respected and established real estate firms including Donohoe, PulteGroup and Clark Construction and we bring decades of experience to every project. We are diligent and detail-oriented in our underwriting, due diligence, and purchase structures to mitigate risks while identifying value.
Through thoughtful capitalization of our projects, we maximize returns while mitigating risk for our investors. As the general partner we invest alongside our capital partners and provide local market expertise, superior project execution and longstanding lender relationships to drive return on investment.
Established Equity Partnerships
Our capital relationships include institutional equity partners, family offices, high net worth individuals, and accredited investors (through Reg D 506(C) private placements). We have a superior track record of investment performance and seek to achieve out-sized, risk-adjusted, returns for our investors.
Deep Lender Relationships
We have long-standing lender relationships with leading regional banks and a national network of debt financing providers that enable us to achieve favorable financing structure and terms. We utilize conservative leverage levels that are appropriate for the investment profile to produce the desired risk-adjusted returns for our investors.
We partner with leading local architects, consultants and general contractors to entitle and develop projects that create a “sense of place” for our residents while having a positive impact on the community – ultimately enhancing value for our investors. We believe reliable execution is vital to our reputation and always strive to ensure on-time/on-budget results.
Unlocking Value through Entitlement and Design
We create significant value for our investors by controlling unentitled or partially entitled properties and pursuing rezoning, use changes, height variances or historical approvals to realize the highest and best use of each opportunity. Through our partnerships with leading design firms, we create inspiring projects that incorporate architectural and interior design concepts from around the world.
Detail Oriented Construction Management
Whether it is a ground up development, substantial rehabilitation, or complex repositioning, our unrelenting focus on delivering a project on-time and on-budget is core to our construction management. Our team meticulously navigates the project through design, permitting, construction, and delivery. We competitively bid each project and actively manage the selected general contractor throughout the construction phase to ensure the highest quality finished product for our investors and residents.
