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10055 Red Run Blvd | Suite 130 | Owings Mills, MD 21117 |
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410-356-5820 | Fax: 410-356-5822 |
Copyright 2011 |
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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 that have required site planning, zoning changes, permitting, access improvements and 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. Black Oak IIIBlack Oak is currently expanding its portfolio through the acquisition of existing retail properties. The Company's current dedicated funding source. Black Oak III, had approximately $60 million of remaining acquisition capacity as of December 2011 following its purchase of South Cumberland Marketplace in November 2010, Hastings Marketplace in March 2011 and Laurel Gardens in December 2011. SustainabilityBlack Oak specializes in creating and retrofitting properties that are efficient, low-impact, and sustainable. We remain 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 to 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 outline capital improvement guidelines which will be 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. Sustainability practices are being developed in-house and will include staff education and sustainable certifications when applicable. |
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Garrett Giusti |
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