Washington, DC - Pacific Property Company announced the opening of its office in Washington, DC, in what the firm anticipates to be the first in a series of new East Coast markets. Prior to opening of the Washington office, the nine year old private multifamily investment firm had focused investment activity throughout California and the Pacific Northwest, acquiring assets valued in excess of $2 billion on a cost basis.

Alfred V. Pace, Pacific’s co-founder and CEO, expanding on the firm’s growth plans, “Pacific is embarking on a phase of strategic growth, in which we will implement our research based process to select new markets and then open local offices from which to source investment opportunities. Our senior management team is extremely bullish on the prospects of our Washington, DC operation as the market possesses the core characteristics Pacific seeks: a supply constrained market with a growing employment base. Moreover, Pacific anticipates that the Washington, DC office will serve as a platform from which to grow our broader East Coast presence.”

Pacific’s Managing Director, Rory Gardner, will oversee the firm’s East Coast efforts. “Pacific is seeking compelling multifamily investment opportunities in excess of 100 units. From a transaction perspective, Pacific is able to bring a ‘win / win’ scenario to prospective sellers as the private, entrepreneurial nature of our firm allows for accelerated due diligence periods while at the same time our balance sheet strength provides for certainty of closing.” Gardner noted the firm is seeking to acquire in excess of $100,000,000 annually within Maryland, Virginia, and the District of Columbia, inclusive of both value add and core investments.

Pacific Property Company is a privately owned multifamily investment company seeking to acquire attractive apartment investment opportunities throughout the United States, with a focus on California, the Pacific Northwest, and coastal markets in the eastern United States. Formed in 1998, Pacific has a current portfolio in excess of 8,000 units with a cost basis exceeding $1.2 billion.

For additional information please contact:
Rory Gardner
Pacific Property Company
1701 Pennsylvania Ave NW, Ste 300
Washington, DC 20006
T 202.580.6540 | F 202.580.6541
rgardner@pacificpropertyco.com