1 West Pennsylvania Avenue | Suite 975 | Towson, MD 21204



Founded in 1991, Black Oak is an integrated property, development / redevelopment and investment management company operating in the mid-Atlantic region with approximately 2 million square feet currently owned and managed. The company specializes in retail and mixed use projects and has acquired properties and land at different stages of development requiring site planning, zoning changes, permitting, access improvements and/or building construction. Black Oak is focused on sustainability and increasing value through long term ownership. The company's management team is experienced in real estate acquisition, redevelopment, financing and property management with an average of over 26 years in the real estate and financial industries.

Growing through Acquisitions and Redevelopment

The company has formed multiple private equity funds that provide long term capital for new acquisitions. Since 2010, Black Oak has acquired six grocery anchored shopping centers in Pennsylvania, Maryland, Virginia, and North Carolina totaling over 500,000 square feet. Black Oak is currently expanding its portfolio through the acquisition of existing retail properties. From 2010 through 2014, the company expects to invest over $125 million as it executes its value add acquisition strategy. From 2013 through 2015, Black Oak also expects to complete its redevelopment plans for several portfolio properties with improvements totaling approximately $75 million.


Black Oak specializes in creating and retrofitting properties that are efficient, low-impact, and sustainable. The company remains committed to integrating what is best for the environment into cost saving solutions for efficiency and value creation.

Black Oak is implementing sustainable management practices to incorporate an approach for property assessment and management, which includes weighing economic impacts, social responsibility and environmental stewardship. The company's management team reviews and assesses the existing conditions of each property and outlines capital improvement guidelines, which are incorporated to improve upon building efficiency and overall property sustainability. Primary guidelines focus on HVAC upgrades, roof insulation, lighting, and water efficiency with a goal of improving property efficiency by 30% within each property. The company works with existing contractors to establish sustainable management practices and incorporate environmentally friendly materials and products within each property. In addition, the company is working to educate tenants on efficiency upgrades and existing federal and state incentive programs.


R. Dixon H. Harvey Jr.


Jack S.(Jay) Griswold


Dara S. J. Hewat


Ray Keil
Property Manager


Olivia Brown
Property Manager


Heberto Alanis
Development &
Acquisition Associate