DSC Partners LLC , a real estate investment company focused on acquiring value-add properties throughout the Mid-Atlantic region, in partnership with Harbert Management Corporation , a privately owned alternative asset management firm formed in 1993 to sponsor alternative asset investment funds, announced today it acquired Forbes Center in Lanham, Maryland for $86.4 million. The 17-property portfolio consists of industrial, flex, and office buildings.
The varied tenant mix includes local distribution, government contractors, local and national service providers, and medical tenants.
“Forbes Center is an ideally suited addition to the portfolio DSC has built across the DMV – and particularly in Maryland,” said DSC co-founder and partner Doug Donatelli. “Our team is pleased to partner with Harbert Management Corporation to create long-term value through increasing rents in this strong industrial submarket.”
Since its inception in 2017, DSC has acquired or developed over $600M of industrial, flex, and office properties in Washington, DC, Maryland, and Virginia.
DSC Partners has retained the team of Rob Pugh, Ken Fellows, Keiry Martinez and Aaron Carroll at KLNB to lease the properties and has retained Transwestern to provide property management services.
Newmark’s Cris Abramson, Nick Signor, and Ben McCarty repped the seller.
Newmark’s team, Joe Donato and Kassi Saridakis, arranged the financing for the buyer.
About DSC Partners
DSC Partners LLC, founded in 2017 by long-time DC real estate veterans Douglas J. Donatelli and Nicholas R. Smith, currently owns and operates a diverse portfolio of 43 buildings and 2.4 million square feet of space in Washington, DC, Maryland and Virginia. Donatelli and Smith have acquired, developed, or repositioned more than 20 million square feet of industrial and office properties totaling over $4 billion. For more information, visit dscpartners.com.
About Harbert Management Corporation
HMC is a privately owned alternative asset management firm formed in 1993 to sponsor alternative asset investment funds. HMC has approximately $7.8 billion in Regulatory Assets Under Management as of April 30, 2024. HMC serves a variety of institutional investors across multiple asset classes. Investment strategies include European and U.S. real estate, seniors housing, growth capital, credit solutions, infrastructure, and absolute return funds. For additional information about HMC, visit www.harbert.net.
