PHILADELPHIA, Oct. 26, 2015 /PRNewswire/ -- Rubenstein Partners, L.P., a vertically integrated real estate investment manager specializing in value-added office property opportunities in the Eastern half of the United States, announced the hiring of Mike Daugard as Vice President for the Washington D.C. office. David Rubenstein, Founder and Senior Managing Partner of Rubenstein Partners, made the announcement.
Mr. Daugard will be responsible for sourcing, evaluating and executing investments for Rubenstein Partners throughout the greater Washington D.C. market and will work alongside regional director Steve Evans.
"Mike is a highly respected professional in the industry and his appointment to the Rubenstein team supports our strategy of recruiting top talent with extensive local market knowledge," said Mr. Rubenstein. "Given our expanding portfolio of projects throughout D.C., we sought someone with an in-depth understanding of the region. Mike's years of experience in this market made him the ideal candidate in our opinion and we look forward to his future contributions towards new and ongoing deals."
Prior to joining Rubenstein Partners, Mr. Daugard spent the majority of his career at Washington Real Estate Investment Trust, most recently as Director of Acquisitions and Portfolio Management. During his tenure, he was responsible for sourcing acquisitions, in addition to disposition and portfolio management responsibilities. Notable transactions include the divestitures of the REIT's medical office and industrial portfolios, and the reinvestment of the proceeds into primarily off-market office, retail, and multifamily acquisitions. He has also held previous investment sales and acquisition roles at JLL, Lowe Enterprises, The Mills Corporation, and Van Metre Companies and has completed over $4.5 billion of transactions in his career.
Mr. Daugard graduated cum laude from the University of Maryland at College Park with a Bachelor of Science degree in Finance and later served as an adjunct professor for six years.
About Rubenstein Partners
Rubenstein Partners, founded in September 2005, is a private real estate investment management and advisory firm with operations throughout the Eastern United States. The firm is led by its founder, David Rubenstein, and a group of senior real estate executives, and is focused on directing and managing value-added office real estate investments, primarily in the Eastern United States. Rubenstein Partners' predecessor company, The Rubenstein Company, LP and affiliates, founded in 1969, was one of the largest private owner operators of Class A office real estate in the Mid-Atlantic, owning and operating a portfolio of assets valued at approximately $1.2 billion at the time of its disposition in 2004. Since 2005, Rubenstein Partners has, on behalf of its investors and clients, invested in more than 10,000,000 sq. ft. of office real estate assets throughout the Eastern United States. For more information, visit www.rubensteinpartners.com.
SOURCE Rubenstein Partners