Potomac Investment Properties

Potomac Investment Properties (PIP) is a distinguished real estate development and investment company based in Washington, D.C. With a rich heritage dating back over 90 years and three generations of the Gewirz family, PIP has been a vital part of the city's growth and development. As major developers, owners, investors, and operators of commercial, residential, retail, hotel, and mixed-use properties within the Greater Washington D.C. area, the Gewirz family has significantly contributed to building communities and properties of value.

At present, PIP controls or has substantial investments in approximately 2,000 apartment units, 2.1 million square feet of office space, 333 hotel keys, garage parking properties, and retail establishments. These properties, totaling roughly 4.3 million square feet, are primarily located in the District of Columbia. With a keen vision for near-term development opportunities and long-term investment options for land redevelopment, the future looks bright for Potomac Investment Properties.

Properties

With an extensive portfolio spanning various asset classes, Potomac Investment Properties takes pride in showcasing a few of its notable properties:

• 699 Prince Street, Alexandria, Virginia: Blending classic charm with modern amenities, this property boasts elegantly designed residences providing a picturesque living experience in the heart of Old Town Alexandria.
• 555 E Street SW, Washington, D.C.: This prime location features state-of-the-art office spaces in a thriving urban environment, combining efficiency, accessibility, and elegance for businesses and professionals.
• 16th St. NW & Kalorama Rd. NW: An exquisite upcoming mixed-use development presents a unique opportunity for residents and businesses alike to be a part of a flourishing community in one of D.C.'s most sought-after neighborhoods.

For a complete list of Potomac Investment Properties, click here.

Background & Philosophy

For nearly a century, the Gewirz family has been an essential player in shaping D.C.'s skyline. With close to $2 billion worth of real estate holdings in the District of Columbia and surrounding areas, the family has consistently focused on fostering growth and development while maintaining utmost respect for the community's needs. As a family-owned business, PIP prioritizes long-term relationships and strives for continuous growth, evident in its impressive $350 million development pipeline.

At PIP, the team is committed to providing competitive project equity sourced from corporate funds, principal shareholders, family trusts, and other closely held sources of capital. Every project embodies the core values of the Gewirz family: dedication to the city and its residents, a strong work ethic, and unwavering integrity.

Our Team

Potomac Investment Properties' strength lies in its experienced leadership and dedicated team members, including:

• Bernard Gewirz, Principal: With over four decades of experience, Bernard's expertise lies in driving successful project completion and managing pre-development, design, leasing, and property management.
• Michael Gewirz, Principal: As co-founder of PIP and a seasoned real estate professional with over 32 years of experience, Michael provides invaluable insight and leadership for the company's diversified portfolio focusing on development, finance, land-use, zoning, pre-development, design, leasing, and management.

In conclusion, the storied history and core values of Potomac Investment Properties encapsulate generations of commitment to shaping Washington, D.C.'s future and providing extraordinary real estate projects. With its diverse portfolio, exceptional team, and community-focused philosophy, PIP is poised to continue growing and building value while enriching the lives of the region's residents and businesses.