EastBanc Inc. was founded in 1987 by its President Anthony M. Lanier. In the course of its 20 year history, EastBanc has developed over three million square feet of commercial office, residential, retail and hotel product within the District with over $2BN in invested capital.
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, Westdeutsche ImmobilienBank, Acadia Realty Trust as well as many other international institutions and local partners.
EastBanc has been noted over its history as one of the most creative and unique developers in Washington DC. Its most recognized work is the redevelopment of over 60 individual historical properties in Georgetown, combining them to create over 20 unique properties and creating downtown Washington’s prime retail corridor. Through the assembly of over 300,000 sf of retail and residential within Georgetown as well as an additional 650,000 sf of hotel and residential developments, EastBanc is considered the turnaround agent and largest property owner in the most affluent submarket of Washington DC.