Firm Establishes Presence in D.C. Market with Virginia Office
Ashburn, Va.-White Cap Real Estate, a Wisconsin-based real estate investment
firm specializing in 1031 Tenant-In-Common solutions, has opened an east
coast branch. The Ashburn, Va. office, which opened in early June, is the
firm’s third location. White Cap also has offices in Madison and Appleton,
Wis., and partners with a firm in California.
Steady commercial growth in the Washington, D.C. and Mid-Atlantic real
estate market prompted White Cap Real Estate’s decision to establish an east
coast branch. According to the Urban Land Institute’s 2008 Emerging Trends
in Real Estate report, Washington, D.C. continues to be one of the most
watched commercial real estate markets. The D.C. area is projected to
remain strong because of increased government spending.
“Due to the government’s presence, investors continue to view Washington,
D.C. as one of the top real estate market in the country,” said Jason
Punzel, managing partner of White Cap Real Estate. “There’s a healthy level
of commercial activity that shows no signs of diminishing.”
The Virginia office is headed by Steve Thiry, a founding member of White Cap
Real Estate and WisConn Investments, LLC, a five-year-old private equity
firm that owns more than 70 apartment complexes, commercial office buildings
and retail centers throughout Wisconsin, Illinois and Maryland. With 27
years of experience in operations management, business assessment,
acquisition and divestiture, Thiry has an extensive background in evaluating
acquisition targets that have resulted in more than $270 million in global
acquisitions and divestitures.
“White Cap is excited by the potential of the Mid-Atlantic commercial real
estate market,” said Thiry. “We’re confident that our presence in this
market will only serve to strengthen the high-quality commercial and retail
real estate investments we already offer our clients.”
White Cap Real Estate <http://www.whitecaprealestate.com/index.html> is a
boutique sponsor of quality investments in commercial and retail real estate
in the Midwest and California. The company offers professionally managed,
turnkey real estate investment products for clients seeking 1031 Exchanges
or direct investments in income producing real estate, with hassle-free
ownership. In addition, White Cap’s team of real estate professionals
identify, underwrite, and acquire quality office and retail properties that
provide investors exceptional investment fundamentals, predictable returns
and minimal downside risk. White Cap Real Estate has offices in Appleton,
and Madison, Wis. and partners with a firm in California. The firm is a
member of the Tenant-In-Common Association (TICA).
