Mission of Washington, D.C.-based real estate company,which has created more than $600 million in value,remains focused on urban development and now includes acquisition of existing value-add multifamily, flex/office and industrial projects in the Mid-Atlantic region
Eric May (left) and Kevin Riegler
CAS Riegler Companies, a diversified Washington, D.C.-based real estate development and investment company,has evolved into a new entity - May | Riegler Properties - with Eric May and Kevin Riegler serving as Founders and Principals of the firm. May, who formerly operated May Development and previously was a partner of The Goldstar Group, has joined with Kevin Riegler to manage the 20-person firm focused on urban development, including value-add multifamily, flex/office, industrial and self-storage projects. The geographic footprint of the company stretches from Baltimore to Richmond.
“Kevin and I have been close friends and colleagues for more than ten years and we trust and respect each other’s instincts and accomplishments implicitly,” explained Eric May, who brings more than 20 years of real estate experience to the organization. “We had discussed the possibility of formally joining together after collaborating on multiple projects over the past five years. Based on the velocity of projects underway and projected for the immediate future, we believe the time is now ideal to leverage our skillsets and build an organization best suited to respond to these opportunities as well as position ourselves for long-term growth. We are supported by the resources, energy and passion of a multi-disciplined in-house team that have collectively demonstrated the ability to be difference-makers in the regional real estate environment. We consider ourselves extremely fortunate to work on impactful projects with this level of professional aptitude in our stable.”
May | Riegler Properties has a number of high-profile projects in the development pipeline, including The Blackbird, a 167-unit multifamily building located at 1401 Pennsylvania Avenue SE in Washington, D.C. The project is scheduled for completion 1Q 2020 and will include 18,000 square feet of ground floor retail directly across the street from the Potomac Avenue Metro Station. Central to the retail is The Roost, a 13,000 square foot culinary clubhouse that will be operated by Neighborhood Restaurant Group. Other current or upcoming projects include a multifamily development in the District; a boutique/lifestyle hotel in Northern Virginia; a flex/industrial portfolio in Howard County; a self-storage development in Anne Arundel County; and a large last mile industrial development in Prince George’s County.
Over the past ten years, CAS Riegler Companies has developed more than 35 mixed-use, multifamily and commercial projects throughout the Washington, D.C. and Northern Virginia region and has created more than $600 million in real estate value.
CAS Riegler brings a full complement of in-house resources to the new organization, including professionals versed in all disciplines of development, construction, asset and property management and accounting. Company founder Kevin Riegler has more than 15 years of real estate experience, including the past ten with the predecessor company he founded in 2009.
“Our company is extremely adept at recognizing, seizing and executing value-add developments in the greater Washington, D.C. area, with multifamily projects representing our bread and butter product type,” Riegler stated. “With the formation of May Riegler and having Eric as my partner, we are planning for the next 10 year run by targeting larger transactions across multiple product types which include both acquisition and ground-up development. Our team is counting on Eric’s influence in all these areas to assist with this corporate pivot.”
Headquartered in Washington, D.C., the mission of May | Riegler Properties is to develop and invest in unique real estate opportunities in the mid-Atlantic region. With an uncompromising commitment to creating value, May | Riegler maximizes returns for owners and investors with a focus on opportunistic investments across a wide range of asset classes. For additional information visit www.mayriegler.com
