ROSSLYN, VA–Monday Properties has announced that Wes Machowsky has joined the company as senior vice president of Acquisitions and will focus on choosing potential assets to buy and raising capital from investment partners.

Machowsky joins from Transwestern's Mid-Atlantic Capital Markets Group. He was managing director there, participating in over $4 billion of capital market transactions. Prior to joining Transwestern in 2013, Machowsky worked as a tenant and landlord leasing broker for nine years with Cushman & Wakefield and Newmark Knight Frank.

GlobeSt.com caught up with Machowsky and Tim Helmig, managing partner of Monday Properties to find out what this appointment means for the firm.

Monday Properties is clearly on a growth trajectory. You opened an office on the West Coast earlier this year. How does Wes' appointment fit into this?

Helmig: We have been spending a lot of time and effort expanding our West Coast footprint where we have transacted several opportunities. Wes' appointment reinforces our commitment to DC's markets. We hope to leverage [Machowsky's hire] into immediate results.

Does that mean you have deals in the pipeline?

Helmig: We have been underwriting various opportunities in several submarkets in DC, Virginia and Maryland. Wes will come on board and layer on his added expertise to those deals in our pipeline.

What type of assets are you seeking?

Helmig: Our focus will be on transit-oriented submarkets but more importantly whether there is value in each opportunity.

So you are looking for value-add plays?

Helmig: Value add and we have other investors who are looking for core and core plus returns. We do cover a fairly broad mandate on the risk spectrum.

There haven't been that many transactions of late for various reasons. Are there good deals still to be had for buyers now?

Machowsky: There is an abundance of capital that still wants to be in DC and the region — it is just a question of finding the right deal. For every submarket there is a good asset to be bought — you just have to dig into that submarket. In particular there is an untapped market of off market deals and that will be a heavy focus of mine.

So Monday Properties is definitely setting out to acquire more assets in the near future?

Helmig: By bringing Wes on, that underscores we are in a more aggressive posture and will be leaning in on a variety of assets such as multifamily.

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ROSSLYN, VA–Monday Properties has announced that Wes Machowsky has joined the company as senior vice president of Acquisitions and will focus on choosing potential assets to buy and raising capital from investment partners.

Machowsky joins from Transwestern's Mid-Atlantic Capital Markets Group. He was managing director there, participating in over $4 billion of capital market transactions. Prior to joining Transwestern in 2013, Machowsky worked as a tenant and landlord leasing broker for nine years with Cushman & Wakefield and Newmark Knight Frank.

GlobeSt.com caught up with Machowsky and Tim Helmig, managing partner of Monday Properties to find out what this appointment means for the firm.

Monday Properties is clearly on a growth trajectory. You opened an office on the West Coast earlier this year. How does Wes' appointment fit into this?

Helmig: We have been spending a lot of time and effort expanding our West Coast footprint where we have transacted several opportunities. Wes' appointment reinforces our commitment to DC's markets. We hope to leverage [Machowsky's hire] into immediate results.

Does that mean you have deals in the pipeline?

Helmig: We have been underwriting various opportunities in several submarkets in DC, Virginia and Maryland. Wes will come on board and layer on his added expertise to those deals in our pipeline.

What type of assets are you seeking?

Helmig: Our focus will be on transit-oriented submarkets but more importantly whether there is value in each opportunity.

So you are looking for value-add plays?

Helmig: Value add and we have other investors who are looking for core and core plus returns. We do cover a fairly broad mandate on the risk spectrum.

There haven't been that many transactions of late for various reasons. Are there good deals still to be had for buyers now?

Machowsky: There is an abundance of capital that still wants to be in DC and the region — it is just a question of finding the right deal. For every submarket there is a good asset to be bought — you just have to dig into that submarket. In particular there is an untapped market of off market deals and that will be a heavy focus of mine.

So Monday Properties is definitely setting out to acquire more assets in the near future?

Helmig: By bringing Wes on, that underscores we are in a more aggressive posture and will be leaning in on a variety of assets such as multifamily.

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Erika Morphy

Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.

erikamorphy

Washington, DC