40 Under 40: Herbert Schwat
What is your greatest professional accomplishment? In the first three months of 2019, my team sold five investments in Wards 7 & 8, collectively accounting for $44.8M. Sayles Place (57 units) was sold at auction; Forest Cove (49 units) and Oak Park (108 units) were traditional investment sales; and Elsinore Courtyard (152 units) and Fitch Apartments (75 units) were receivership sales. It was my first auction and first receivership sale(s), and was ultimately extremely satisfying to have navigated the various complexities of the auction, investment sales, and receivership sales to achieve great results for our clients. Who or what has been the strongest influence in your career? Ari Firoozabadi and W. Kyle Tangney, my mentors and partners in Greysteel’s D.C. Multifamily practice. The remarkable amount of success these two have achieved at their respective young ages motivates my hard work and commitment to our team. They’ve shown me that age doesn’t matter in our industry; all that matters are effort and being the most informed person in the room, in any room.