Robert Khodadadian – Commercial Observer

The Donohoe Companies, a Bethesda, Md.-based development company, has acquired Borger Management, taking the D.C.-based multifamily property management company under its wings.

The price of the acquisition was not disclosed.

The 139-year-old Donohoe Companies will absorb the 93-year-old Borger Management’s portfolio of 95 multifamily buildings comprising 9,000 units under a new business line named Borger Residential. Arianna Royster, Borger’s executive vice president, will serve as president of the new Donohoe division and remain in the District.

Donohoe already possessed five lines of commercial real estate services — development, construction, hospitality, real estate services and building services 

Following the acquisition, Donohoe Real Estate Services is now known as Donohoe Commercial Real Estate. Borger’s commercial property management portfolio will integrate 2.5 million square feet of managed office and retail space with Donohoe Commercial Real Estate’s offices in Bethesda, the District and Tysons Corner.  

“We’re excited to integrate Borger into the larger family of Donohoe Companies, and we are committed to carrying on the legacy of the Borger family, who have dedicated themselves to serving the housing needs of the greater D.C. area,” Chris Bruch, Donohoe’s president and CEO, told Commercial Observer. “Donohoe develops, builds, and owns multifamily real estate, and Borger owns and manages multifamily residential. Adding a sixth Donohoe operating division with Borger Residential creates value and growth opportunities for all involved.”

Claudia Good will serve as senior vice president and chief financial officer for both Donohoe Commercial Real Estate and Borger Residential.

Under terms of the deal, Thomas Borger, Borger’s longtime chairman, will join the board of The Donohoe Companies sometime later this year.

“It’s a rarity to find companies with long-standing reputations of such high integrity; it’s even more rare when the two come together,” Borger said in a prepared statement.

Keith Loria can be reached at Kloria@commercialobserver.com.

The Donohoe Companies, a Bethesda, Md.-based development company, has acquired Borger Management, taking the D.C.-based multifamily property management company under its wings. The price of the acquisition was not disclosed. The 139-year-old Donohoe Companies will absorb the 93-year-old Borger Management’s portfolio of 95 multifamily buildings comprising 9,000 units under a new business line named BorgerRead MoreChannel, More, Players, Borger Management, Borger Residential. Arianna Royster, Chris Bruch, Claudia Good, The Donohoe Companies, Thomas Borger  Commercial Observer Read More 

Robert Khodadadian has long had a simple philosophy about selling real estate. The way he sees it, there are approximately a million buildings in the city, and the broker that gets to sell any one among the multitude that will hit the auctioning block at a given moment is, sometimes, simply the person who happens to pitch their services to the right seller at the right time.

Robert Khodadadian, properties, ground leases, ground lease, off market, investment sales, khodadadian, Commercial Real Estate Sales, Commercial Observer, Retail For Lease, Commercial Observer,

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