Donohoe Real Estate Services Consolidates with Borger Management to Form Donohoe Commercial Real Estate; Strengthens Property Management Portfolio
January 12, 2023
Last week, The Donohoe Companies, Inc. [Donohoe] announced that it was joining forces with Borger Management, Inc. [Borger], adding Borger’s 400 multifamily management employees and portfolio of 9,000 multifamily units across 95 apartment buildings under a new sixth Donohoe division: Borger Residential.
As part of the consolidation, Borger’s commercial real estate team and commercial property management portfolio—which includes approximately 2.6 million SF of managed office and retail space—will integrate with the newly renamed Donohoe Commercial Real Estate (formerly Donohoe Real Estate Services). Donohoe Commercial Real Estate will now provide commercial property management services to over 100 buildings totaling 8.5 million SF.
“By combining the talent and experience of the Borger and Donohoe organizations, we will be uniquely positioned to better serve our existing and future commercial clients,” said Bert Donohoe of Donohoe Commercial Real Estate.
Joe Borger and Claudia Good of Borger Management have been appointed to leadership roles within Donohoe Commercial Real Estate, serving as Senior Managing Director and Chief Financial Officer, respectively. Joe Borger will oversee the existing Borger Commercial Property Management and Project Management portfolios, as well as Project Management Services and Corporate Risk Management for Donohoe Commercial Real Estate as a whole. As CFO, Claudia Good will manage the accounting operations for both Donohoe Commercial Real Estate and Borger Residential. Borger’s chairman, Thomas Borger, will serve on Donohoe’s board of directors.
“These two firms have known each other both professionally and personally for over four generations. By joining forces, we are able to leverage that knowledge and relationship, which will enhance the quality of service to our existing clients, as well as create new and exciting business opportunities in the future,” said Joe Borger.
Donohoe’s David Happ and Bert Donohoe have received promotions in conjunction with the transition from Donohoe Real Estate Services to Donohoe Commercial Real Estate. Both have been named Managing Directors, with Bert overseeing the Maryland, DC, and Virginia Brokerage operations, including the Occupier Advisory services, and David leading Property Management, Accounting, Investment Sales/Capital Markets, and GSA services, as well as the company’s Business Development efforts.
Donohoe Commercial Real Estate is the longest tenured commercial real estate firm in the Washington, DC Metro area, offering clients a full-service, vertically integrated approach to meeting their investment objectives. Our teams of experienced professionals provide expertise across six collaborative business lines: Capital Markets/Investment Sales, Owner Advisory, Occupier Advisory, Property Management, Property Accounting & Lease Administration, and Project Management.
Borger Residential is a regional leader in multifamily residential property management based in Washington, DC. Established in 1930, the company has grown over four generations to manage a portfolio of 95 apartment buildings spanning Washington, DC, Maryland, and Virginia. For more information visit www.borgermanagement.com
The Donohoe Companies, Inc. is one of the largest full-service commercial real estate companies in the Washington, DC metropolitan region. Established in 1884, Donohoe employs its expertise to build, develop, service, manage, lease and maintain billions of dollars of real estate with more than 1,800 employees in six companies: Donohoe Development, Donohoe Construction, Donohoe Hospitality, Donohoe Commercial Real Estate, Borger Residential, and Complete Building Services. For more information visit www.donohoe.com