- The Washington Times - Monday, January 21, 2008

As the single-family real estate market crumbles around him, apartment developer Chad DuBeau believes in sticking to the basics.

“The standards for debt and underwriting for projects have gotten much more strict,” said Mr. DuBeau, who was recently promoted to partner in the Mid-Atlantic office of multifamily development company Trammell Crow Residential.

“We have a great reputation in the area and we have put up the necessary guarantees, but our strategy has really never changed,” he said.

For Mr. DuBeau, who joined the Rockville office of the San Mateo, Calif., company as vice president of development in 2004, that means smart investments in “key transportation nodes” in the D.C. region, mostly near Metro stations and the Beltway.

The developer’s largest project in the area is the 630-unit multifamily development near the Dunn Loring-Merrifield Metro station on the Orange Line in Vienna.



Trammell Crow has 15 more projects in various stages of development in the D.C. area, Mr. DuBeau said.

Although the market for single-family homes has slowed to a crawl, the apartment business has not declined at all, giving Mr. DuBeau confidence in his business model.

“In an area with such steady job growth, such terrible traffic, people will always be looking to get closer to transportation hubs,” he said.

For Mr. DuBeau, though, the key to success in the real estate business is taking advantage of the resources around him, namely, Trammel Crow’s deep bench of experienced colleagues.

“What makes this division so unique is that there are so many various forms of talent in the office,” said Mr. DuBeau of his colleagues in the firm’s Mid-Atlantic office.

Mr. DuBeau earned a bachelor’s degree in civil and environmental engineering from the University of Delaware and has a master’s degree in business administration from George Washington University.

He lives in the District with his wife Gretchen and daughter Skye.

Timothy Warren

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