BALTIMORE, MD — Greenspring Realty Partners (GRP), in its first year of operations, acquired nine separate properties in the Mid-Atlantic region, and now controls a diverse portfolio valued at more than $100 million in commercial real estate investments. The full-service company, headquartered in Lutherville, MD, was co-founded by Eric Levitt, Dan Flamholz and David Berg, three principals who combine for nearly fifty years of real estate experience spanning the commercial office, industrial/warehouse, mixed-use, retail and residential categories.
According to the co-founders of the company, the primary strategy of Greenspring Realty Partners is to expand its current portfolio comprising more than 1.5 million s/f of space, by identifying and acquiring value-add, opportunistic real estate properties. This will be supported by real estate development activity and brokerage transactional work for both its own portfolio and third-party clients.
Also in its first year of operation, Greenspring Realty Partners brokered more than twenty commercial real estate transactions spanning the retail, office and industrial sectors, with a dollar value exceeding more than $50 million. GRP offers a complete range of asset management and construction management services through its in-house divisions and is also preparing to initiate three separate development projects in the City of Baltimore.
The company currently works, or intends to handle assignments throughout the Central PA, MD, DE and Northern VA areas including Washington, DC.
“Greenspring Realty Partners exceeded each of our stated goals during our first year of operation, led by our acquisition activity which is intended to drive the long-term growth of the company,” said Levitt who, prior to co-founding the company, owned a homebuilding and land development firm. “Our team also created a pipeline of development projects, completed significant third-party brokerage transactions and established our corporate brand throughout our core market areas.”