How 2 Brokers Made the Leap to Value-Add Investors
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3401 Columbia Pike
BETHESDA, MD—Matt Clinebell and Adam Roffmanboth had comfortable careers as brokers at Avison Young. But then they received an offer they couldn’t refuse: the chance to start their own value-add real estate investment platform backed by high-net worth individuals who believed in their acumen.
The two left their positions to launch last year Cascade Realty Partners. Nine months later they have closed on their first investment, a 30,361-square foot office building at a busy corner of Columbia Pike and Glebe Road in Arlington, VA. The company paid $4.8 million in cash for the building, located on 3401 Columbia Pike, which will continue to be largely occupied by Bank of America for another seven years…
