The hires are part of J Street's plan to expand its assetmanagementbusiness, company chairman Bruce Baschuk tellsGlobeSt.com.Currently J Street has roughly five million square feetunder management."We hope to growth that by 10% over the nextyear," he says. Primarily,the portfolio consists of assets thatcame to the company through itsacquisitions--as well as propertiesthat J Street either helpeddevelop or acquire, such as 1100 G St.and 111 K St. J Street hopesto manage other buildings throughfuture development and/oracquisitions, Baschuk says.
The company is also differentiating itself by focusing onnon-profitneeds, using its experience with Pew Charitable Trusts."We will belooking to add non-profits in our portfolio," Baschuksays.
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Erika Morphy
Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.
