Washington Properties Inc. is a real estate investment, development and management company specializing in industrial and retail real estate in Chicago, Northern Virginia and Maryland. It was formed by Jeffrey Gumbiner in 1997 to acquire, develop and manage commercial real estate and follows a value-added or opportunistic approach to real estate investment and actively manages its investments to maximize returns with reasonable risk.
Washington Properties accomplishes this strategy using the best outside brokers for each particular market, while acting entrepreneuriall with its relationships with strong financial partners.
Washington Properties Inc. is committed to meeting your development and management needs.
Washington Properties Inc. focuses on new development, rehabilitation of older buildings and aggressive leasing strategies. Washington Properties accomplishes this strategy using the best outside brokers for each particular market.
Investors with Washington Properties have benefited from its local market knowledge and broker relationships. Washington Properties acts entrepreneurially, yet with its relationships with financial partners, can commit quickly to purchase properties.
Between 1997 and 2022 Washington Properties has built a portfolio of industrial and retail properties through both acquisition and development.
Washington Properties has a complete and diverse portfolio of development and investment projects.
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Washington Properties Inc. was formed by Jeff Gumbiner in 1997 to acquire, develop and manage commercial real estate in the Chicago Metropolitan area. Jeff Gumbiner has over 25 years of real estate development, asset management and financing experience. Washington Properties Inc. follows a value-added approach to real estate investment and actively manages its investments to maximize returns with reasonable risk. Local market knowledge and development of long term relationships with brokers, tenants and investors are key elements of Washington Properties’ strategy.
Prior to forming Washington Properties, Jeff Gumbiner was Vice President and Portfolio Manager with Kemper Corporation both in Chicago and San Francisco, actively managing a $1.6 billion commercial real estate portfolio which included over 10 million square feet of operating properties and 40,000 acres of land.
Jeff Gumbiner was previously a development project manager in the office and industrial division of Sutter Hill Limited, a real estate development company in Palo Alto, California. He actively participated in the development, leasing, construction and management of over 800,000 square feet of industrial properties. He began his career in banking in 1976 with Union Bank and was a construction lending officer at Wells Fargo Bank in San Francisco between 1979 and 1981. Jeff Gumbiner received a bachelor’s degree from the University of Michigan in 1973 and an MBA in finance and accounting from Northwestern University’s Kellogg School of Management in 1976.
The foundation of the Washington Properties business strategy is rooted in its commitment to maintain strong relationships with tenants, brokers and financial partners, and is ultimately the basis for its success.