EastBanc, Inc. specializes in the acquisition, redevelopment and management of commercial real estate assets. Our long-term appreciation strategy emphasizes the creation of enterprise value in targeted markets through targeted deployment of investor capital.  The cornerstone of EastBanc’s enterprise value strategy incorporates our unique ability to influence sizeable portions of urban streetscape with significant capital upgrades and master-planned leasing.  With a focus on urban mixed-use investment, our developments include upscale retail, luxury residential, Class A and Class B office and luxury hotel property types. 

In addition to investment for its own account, EastBanc serves as an advisor and management agent for institutional and high-net worth individuals.  EastBanc maintains strategic alliances with Prudential Real Estate Investors, Pramerica Real Estate Investors,  Millennium Partners, ING Real Estate, Eurohypo, Bayerische Landesbank and its subsidiaries, as well as many others.  Since 1987, EastBanc and its partners have acquired nearly three million sq ft of office, retail and residential properties. Washington’s West End and Georgetown neighborhoods, as well as its Central Business District, are the core markets for the group’s most recent development projects.  Projects completed or under construction include:

- A 1.2 million sq ft project in the West End featuring a 300-room Ritz-Carlton Hotel, a 162-unit Ritz-Carlton condominium complex, a 100,000 sq ft Sports Club/LA fitness and spa facility and 35,000 sq ft of retail space;

- A 500,000 sq ft project in Georgetown featuring an 86-room Ritz-Carlton boutique hotel, a 28-unit luxury condominium complex, a state-of-the art Loews Theatres 3,000-seat Multiplex and 7,500 sq ft of retail space;

- 1875 Pennsylvania Avenue, a 288,000 sq ft office project leased to Wilmer Cutler Pickering Hale & Dorr;

- 3303 Water Street, a 150,000 sq ft 72-unit luxury residential condominium project in Georgetown along the Potomac River and C&O Canal.  This project won the Delta Associates award for "Best overall Mid-Atlantic condominium project - 2004";

- 22West, a 150,000 sq ft 97-unit luxury residential condominium project in the West End, adjacent to the Ritz-Carlton Hotel.  This project is currently under construction with a delivery in Spring/Summer 2008;

- A 120,000 sq ft retail and residential historic redevelopment in the heart of Georgetown, known as Cady’s Alley, that features the nation’s most exclusive home furnishing and accessories retailers.  This project won a prestigious 2005 AIA Honor Award for Urban Design; and

- Many redeveloped historic buildings in the heart of Georgetown that are leased to upscale national retailers.

In 1999, EastBanc founded EastBanc Technologies, a leading management consulting and IT services company.  Its services include strategic planning, infrastructure and technology assessment, process improvement, systems architecture, RFP development, vendor selection, project management and the engineering, integration and operation of complex software systems and networks.  Clients include the District of Columbia Government, IRS, Intelsat, and US Department of Agriculture.    

In 2000, EastBanc crossed the Atlantic and commenced acquisition and development activities in Portugal.  In conjunction with TMW Immobilien, Rockbuilding and Geril, the group is involved in the development of the 350,000 sq ft Miraflores Premium office project in the Lisbon suburbs, the 70,000 sq ft Shell Corporation headquarters, the 60,000 sq ft Skandia Building on Avenida de Liberda, Portugal’s prime office and retail street, as well as the 2001 acquisition of Portugal's prime office park, Quinta da Fonte.  Due to the growing size of its portfolio, in 2003 EastBanc founded a subsidiary asset and property management company named Portuguese Real Estate Advisors (PREA).  Located outside of Lisbon, PREA serves both international and local clients with a full range of services including management, acquisition and disposition of real estate assets. 

In 2005, EastBanc Portugal was created with the stated goal to revitalize the urban core of Lisbon.  Since then, EastBanc Portugal has commenced significant urban developments in the heart of the city, with the goal to emerge as a leading urban revitalization agent.