BETHESDA, MD—Locally-based Phillips Realty Capital could be arguably described as the CRE industry’s best kept financial secret. The company closes about $100 million a month in deals, according to CFO Joe Tilley and is on track to end this year with $1.4 billion or so in transactions. It also works with a wide range of capital providers, he tells “The 70 or so transactions we close this year will have been with 43 separate providers,” he says.

The company does deals up and down the Mid-Atlantic, but most of its business is in the DC area. Deal size ranges across the board, between $30 million to $60 million, although the firm will go lower than that if the client needs it, Tilley says.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join now!

  • Free unlimited access to's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including and

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.