Urban Investment Partners (UIP)

profile

Urban Investment Partners (UIP) is a real estate investment, asset and property management organization specializing in multi-family residential properties, primarily in the Washington DC area. The firm’s core activities include the creation and management of multi property investment funds as well as “one-off” project investments. By combining local entrepreneurial, management and construction expertise with global financial strength, UIP focuses on maximizing returns for its private and institutional investors across a multitude of investment strategies. UIP’s market expertise and cutting-edge, vertical integration approach is based on its multi-disciplinary skills, creativity, and customer/resident focus. Since its founding, UIP has successfully introduced more ten real estate funds, along with numerous stand alone investments.

Real Estate Specialization
Multifamily
Investment Type
Acquisition/Fee Simple
Investment Style
Value-add
Typical Deal Size
$10,000,000 - $50,000,000
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Principal

Steven Schwat

As a District of Columbia resident for the better part of a quarter century, Mr. Schwat offers the unique ability to forecast the direction and trend of revitalization potential in many of the District's classic neighborhoods. Steve delivers a keen sense of style and functional trends combined with an acute attention to detail throughout the development and management phases of all projects. Steve has participated in a number of entrepreneurial ventures including investing in real estate since 1996. Steve’s extensive experience began with designing and co-managing the renovation of an 1897 Chevy Chase home and co-general contracting several medium-sized construction projects in the District and Prince George’s County. Since joining UIP, he has managed the construction and renovation of over 1,500 apartment units. He is well versed in working with architects and construction companies; locating and investigating opportunities; creating and analyzing initial purchase, construction, and sales estimates; overseeing planning, construction, and draws; and more. He works with real estate sales and marketing professionals in designing marketing materials including signage, renderings, sales presentation materials, and web sites. Steve has served as mayor and treasurer of the Village of Drummond in Chevy Chase, MD, as treasurer of the Citizens Coordinating Committee of Friendship Heights. Steve currently serves on the Board of the Anne Frank House www.theannefrankhouse.org a non profit charity that houses homeless individuals with mental illness.

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Principal

Wout Coster

Mr. Coster came to the United States in 1979 from the Netherlands, after earning his masters degree in civil engineering from the University of Delft and developing over 1,000,000 square feet of office and retail space and over 2,500 residential units in that country. He began his US-based career in northern Virginia, where he developed multiple flex complexes. In 1991, he joined DIHC, the American real estate subsidiary of a large Dutch pension fund, where he was responsible for managing various development partnerships with projects valued in excess of $ 700 million. He was responsible for overseeing the development of Market Square in Washington, a 650,000 square foot office building with 210 condominium units on the upper levels. In Boston, he was responsible for the asset management of 222 Berkeley and 500 Boylston, comprising over 2.500.0000 square feet. Over the last three decades, Wout has managed over $3 billion in assets for domestic and international investors.

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SVP of Asset Management

Peter Bonnell

Peter J. Bonnell joined Urban Investment Partners and Drummond Development in January of 2004 after a brief stint in Northern Virginia’s technology sector. Mr. Bonnell graduated from Bucknell University in 2002 with a B.A. in Economics and Political Science. Mr. Bonnell is responsible for deal sourcing, structuring, underwriting, entitlements, condominium documents, reporting and asset management, acquisitions and dispositions, refinances, leases, loan and partnership documents, negotiations with tenant and community groups, lobbying and political activities, and investor relations. Over his years with UIP, Mr. Bonnell has been responsible for assisting dozens of tenant groups of all sizes in settling complex disputes with ownership and management and in exercising their DC TOPA rights. Mr. Bonnell has created home ownership opportunities through tenant sponsored condominiums where tenants purchased their renovated apartments at significant discounts and has helped tenant associations effect multimillion dollar improvement programs to their buildings while protecting the rents of all existing tenants. Mr. Bonnell has worked with tenant groups in buildings ranging from 10 apartments to buildings with over 650 apartments. Mr. Bonnell is a Board Member with the Apartment and Office Building Association of Metropolitan Washington and has served on the Executive Committee of the Washington Chapter of the Urban Land Institute. Mr. Bonnell is a resident of Ward One in the District of Columbia.

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CFO

Steven E. Cox

Stephen E. Cox joined Urban Investment Partners in 2005 as Chief Financial Officer. Prior to joining UIP, he was a Principal at WaterStone Capital, L.L.C. of Bethesda, Maryland, where he was involved in the placement of debt and equity financing on commercial real estate investment properties. Mr. Cox started his real estate career with the B.F. Saul R.E.I.T/Chevy Chase Bank, where he managed the Residential Lending Group with annual loan volumes of $900 million. Later, as head of Asset Management, Eastern Region for the J.E. Robert Companies, he managed $800 million of diversified commercial real estate mortgages and properties. With an M.B.A. from Harvard University and a B.A. degree in economics and mathematics from Yale University, Mr. Cox has strengthened UIP’s ongoing activities in real estate investment, asset management, and administration.

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Director of Capital Markets

George Scott

George joined UIP in 2013 as Director of Capital Markets. He is responsible for managing and overseeing debt and equity relationships as well as other third party relationships for project-related acquisitions, dispositions, and refinancing. As a key member of the acquisitions team, George is actively involved in identifying and evaluating potential UIP acquisitions. Prior to joining UIP, George was a Director with Real Globe Advisors, a real estate advisory firm serving real estate operators, investors and lenders. Before joining Real Globe, George was a Senior Manager in Ernst & Young’s Transactional Real Estate practice, specializing in underwriting, real estate structuring, due diligence, and execution on both the buy and sell sides. Prior to Ernst & Young, George was a Vice President at a small real estate investment management firm, The Greenwood Group, where he executed private equity investments on behalf of institutional investors. George began his career as a financial analyst at Morgan Stanley where he worked in the real estate investment banking group before moving on to broaden his experience at two real estate investment banking boutiques, Macquarie Capital Partners and Utendahl Capital Partners. George earned his Bachelors from Morehouse College and his Masters of Business Administration from the Kellogg School of Management at Northwestern University.

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Vice President of Acquisitions

Jonathan Mayer

Jonathan Mayer joined Urban Investment Partners in July of 2010 as an Analyst. Since joining UIP Mr. Mayer has executed in excess of $180 million of transactions for UIP and its investors. Mr. Mayer is responsible for new acquisitions, specifically financial modeling, market research, and joint venture partner interaction. Prior to joining UIP, Mr. Mayer received his M.B.A. from the Robert H. Smith School of Business at the University of Maryland, where he concentrated in Finance. Prior to attending the Smith School of Business, Mr. Mayer was an Associate at Marcus & Millichap in Washington, DC, where he focused on assets throughout the Mid-Atlantic. Mr. Mayer is a 2005 graduate of Babson College with a BS in Business Management.

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President, UIP General Contracting Inc.

Heath Wilkinson

Prior to joining Urban Investment Partners in 2008, Mr. Wilkinson was Vice President of Development at Redbrick Partners, LLC, where he managed the redevelopment of 850 multifamily units in New York and Connecticut and managed the entitlement and development of mixed-use projects in the Washington, D.C. market with a value of over $150 million. Prior to joining Redbrick, Mr. Wilkinson worked for ten years at Ryan Homes (now NVR), where he was involved in construction management, sales, and marketing, estimating, and acquisitions. Mr. Wilkinson’s final three years at NVR were devoted to opening Ryan Homes’ Fredericksburg, VA division and building it into one of the company’s most profitable divisions. Mr. Wilkinson was responsible for the construction of over 4,000 new homes and development of nine new communities in the DC market, totaling over 5,000 lots. Mr. Wilkinson is a graduate of James Madison University in Harrisonburg, VA. He was nominated by Fairfax County VA Supervisor Penny Gross to serve on the Area Plan Review Board to help shape the county’s Comprehensive Plan. Mr. Wilkinson is also a senior educator for The Gerson Lehrman Group, where he is considered an authority on construction and development in the DC market.

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Vice President of Development and Acquisitions

Jerry Zayets

Jerry Zayets joined Urban Investment Partners (UIP) in March of 2013 as a Vice President of Development and Acquisitions. Mr. Zayets graduated from the University of Maryland’s Robert H. Smith School of Business in 2003 with a BS in Marketing. Currently, Mr. Zayets is working on his Masters degree in Real Estate Development at the University of Maryland’s Colvin Institute of Real Estate Development. Jerry is and will be responsible for the entire lifecycle of numerous development and redevelopment projects for UIP. This involves working with architects, engineers and general contractors, as well as tenants and their TA boards and legal advisors, and bringing upgrades and improvements to older buildings here in Washington DC. In addition, Mr. Zayets is responsible for identifying potential development and redevelopment sites, negotiating transaction terms with sellers, and working with architects and engineers to envision and model new projects, as well as managing the development process for multiple projects Prior to joining UIP, Mr. Zayets managed a series of multi-family development projects in Washington, DC. Mr. Zayets has been a featured speaker on green building practices at several Ecobuild conferences. Mr. Zayets lives with his wife and children in Ward One in Washington DC.

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Vice President of Development

Jeffrey Bumgardner

As Vice President of Development at Urban Investment Partners, Jeff is responsible for a large volume of development activity. With formal training in city planning, he brings a unique focus to projects that is combined with a long-range perspective to deliver lasting results. Jeff demonstrates a deep understanding of real estate development with particular emphasis on entitlements, underwriting, financing, construction, permitting, and overall project delivery. Jeff’s primary experience is in mixed-use multifamily projects and his most recent endeavors include overseeing the construction and renovation of properties in the District of Columbia. Jeff holds his LEED Green Associate certification and is actively involved in the local NAIOP chapter, serving on the board since 2011. He is a member of the Urban Land Institute, DCBIA, and a supporter of the Kennedy Center for the Performing Arts. Jeff earned his Master’s degree in City Planning from The University of Pennsylvania while also completing a Certificate Program in Real Estate Development at the Wharton School of Business. He holds a BA in Urban Studies from Haverford College, PA.

Key Focus Areas
Acquisitions Asset Management Leasing Property Management Real Estate Investing
Geographical Area
Mapped Location