What Erkiletian does

Erkiletian is a privately held, family-owned real estate development, construction, and property management firm headquartered in Arlington, Virginia, founded in 1968 by Myron P. Erkiletian with $2,000 of starting capital. The company operates across three integrated service lines: (1) real estate development and investment, including site sourcing, acquisition, rezoning, entitlements, design, development, and long-term ownership of residential, commercial, office, retail, and mixed-use properties; (2) full-service construction management, spanning preconstruction evaluation, budgeting, architect/engineer selection, materials selection, and end-to-end construction oversight; and (3) historic property restoration that combines preservation techniques with modern green building methods. Its portfolio of named projects includes Carlyle Towers (549 condos, 1994–1999), the Discovery Communications headquarters (154,000 SF, 2000), Halstead Tower, Northampton Place, 3001 Park Center, The Asher, Tellus, Fahrenheit, and The Sur, collectively representing more than 8,000 residential units, two million square feet of office space, and nearly one million square feet of commercial space developed and owned in the Washington, DC metropolitan market, with a single project in Bannockburn, IL.

The firm's technology and product differentiators are rooted in sustainable building practices rather than software or digital platforms. Erkiletian specializes in LEED-certified urban infill development, with completed LEED Gold (Tellus) and LEED Silver (The Asher) certifications, and a LEED Gold target on The Sur, incorporating energy-efficient appliances, recycled and regionally sourced materials, electric-vehicle charging, bicycle infrastructure, storm water management, and passive solar design. Historic projects such as Silcott Springs combine restoration of older structures with contemporary environmental standards. Differentiators also include mass-transit-oriented site selection, public art integration (e.g., the Constellation Wall at Tellus), and direct in-house construction capability to control quality and schedule.

Erkiletian's go-to-market and revenue model combine three streams: long-duration development and ownership of stabilized residential and commercial real estate assets (recurring rental and disposition income), project-based construction management services for both internal and partner projects, and asset management aimed at maximizing occupancy and value. Customer concentration is low, with a long tail of residential buyers and renters across thousands of units, and a small number of named commercial and institutional counterparties such as Discovery Communications and the Shakespeare Theatre Company. Distribution is regional and relationship-driven in the DC/MD/VA corridor, supplemented by institutional capital partners (U.S. Bancorp, Federal Capital Partners), co-developers (Jefferson Apartment Group), and Tier-1 contractors (KBR) on larger projects. The company remains under Erkiletian family control, with Stefanie Erkiletian serving as President since 2004 alongside four brothers and a deeply tenured executive team.

Name

Erkiletian

Legal name

Erkiletian Construction Corporation

Website

https://erkiletian.com

Company type

Private

Founded year

1968

Operating status

Operating

Headcount range

11–50 employees

Short description

Erkiletian is a family-owned real estate development, construction, and property management firm in the Washington DC metro area, developing, constructing, and owning LEED-certified residential, commercial, and mixed-use properties, with a portfolio of 8,000+ residential units and 3 million square feet of office and commercial space.

Ownership category

akta.pro rank

Headquarters

HQ city

Arlington

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Supply Chain, Operations, Technology or R&D, Infrastructure, Marketing or Sales

Revenue model

1. Real Estate Development and Investment: The company sources, develops, constructs, and owns residential and commercial properties. For over 50 years, they have developed and owned over 8,000 residential units, two million square feet of office space, and nearly one million square feet of commercial space in the Washington, DC market.
2. Construction Management Services: Full-service construction management including preliminary construction evaluation, budget requirements, architect/engineer selection, preconstruction services, materials selection, and end-to-end construction management.
3. Asset Management: Asset management services ensuring properties perform at their best with high occupancy levels and increased asset values.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Core offering

Erkiletian is a real estate development and construction firm that sources, develops, constructs, and owns residential, commercial, and mixed-use properties in the Washington DC metropolitan area. It provides end-to-end services including construction management, historic property restoration, and sustainable/LEED-certified building delivery, holding the developed properties in its own portfolio rather than acting solely as a third-party contractor.

Product overview

Erkiletian is a family-owned real estate development and construction company with over 50 years of experience in the Washington, DC metropolitan area. The company operates as a single unified offering centered on real estate development, construction, and investment services. Its core products include Real Estate Development and Investment (sourcing, developing, constructing, and owning residential and commercial properties), Construction Management (end-to-end project management for residential, commercial, retail, and mixed-use), Historic Restorations (preserving historic properties using green building techniques), and LEED/Green Building Certification services. The company has developed a portfolio of named residential and commercial properties including The Sur, Fahrenheit, Tellus, The Asher, 3001 Park Center, Carlyle Towers, Discovery Communications Building, Halstead Tower, Northampton Place, Ballston Metro Center, Silcott Springs, and Leisure World developments. To date, Erkiletian has developed over 8,000 residential units, two million square feet of office space, and nearly one million square feet of commercial space.

Differentiator

Problem solved

Functional benefit

Products and services

• Real Estate Development and Investment
• Construction Management
• Historic Restorations
• LEED/Green Building Certification Services
• The Sur
• Fahrenheit
• Tellus
• The Asher
• 3001 Park Center
• Carlyle Towers
• Discovery Communications Building
• Silcott Springs

Quantifiable outcome

• 8,000+ residential units, 2M SF office space, and nearly 1M SF commercial space developed and owned
• +2 more outcomes

Named customers2 records

Segments3 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Three partnerships are on record, tiered core.

• Shakespeare Theatre CompanycoreStrategic or Co-development Partner · 12 May 2014Partnership with Shakespeare Theatre Company for development of an actors' campus at the former Southeastern University site at 501 Eye St. SW in Washington DC. The mixed-use development will include residences for actors and apprentices, rehearsal and performance space, storage, classrooms and administrative headquarters.
• KBRcoreImplementation/ SI/ Consulting Partner · 30 November 2010KBR's Building Group was awarded a $33 million contract for construction of The Asher mixed-use development in Alexandria, VA. KBR is a major global engineering and construction firm providing construction management services.
• Jefferson Apartment GroupcoreStrategic or Co-development Partner · 11 November 2010Co-development partnership with Jefferson Apartment Group for multiple residential projects including The Asher (206-unit luxury apartment community in Alexandria) and other multifamily developments in the DC metropolitan area.

Scale indicators6 records

Recent moves6 records

Expansion highlights4 records

Direct peers

• The Donohoe Companies: Washington DC-area family-owned real estate development, construction, and hospitality firm. Comparable to Erkiletian as a multi-generational regional developer-builder operating across residential and commercial real estate in the DC metropolitan market.
• Bozzuto Group: Greenbelt, MD-based real estate developer, builder, and property manager with deep mid-Atlantic multifamily and mixed-use focus. Directly comparable to Erkiletian in regional multifamily development and integrated property management.
• WC Smith: DC-based real estate development and property management company focused on multifamily and mixed-use in the DC metropolitan area. Comparable for similar urban infill, transit-oriented apartment development, and integrated ownership/management model.
• Lowe Enterprises: Regional real estate investment, development, and management firm with East Coast multifamily and mixed-use exposure. Comparable to Erkiletian as a long-tenured, family-influenced developer with mixed residential/commercial portfolios.
• Bernstein Management Corporation: DC-based real estate investment and management firm owning and operating multifamily and commercial properties in the DC metropolitan area. Comparable as a regional owner-operator with overlapping apartment and commercial holdings.
• EYA (Edens & Avant): Bethesda, MD-based urban infill developer specializing in walkable, transit-oriented residential and mixed-use communities in the DC metropolitan area. Directly comparable for urban infill philosophy and infill residential development model.
• KETTLER: McLean, VA-based real estate development and property management company focused on multifamily and mixed-use in the DC metro. Comparable for regional apartment development, ownership, and third-party management capabilities.
• Hoffman & Associates: DC-based real estate developer of large-scale, mixed-use urban neighborhoods. Comparable for transit-adjacent, mixed-use development expertise in the DC metropolitan market and integrated development-management capabilities.

Broad incumbents

• Clark Enterprises: DC-based private investment holding company with substantial real estate development activities (including Clark Construction). Broader scope than Erkiletian but operates in the same regional development ecosystem with multifamily, office, and mixed-use exposure.
• JBG SMITH Properties: Publicly-traded DC-area REIT focused on mixed-use, multifamily, and office assets in the DC metro. Comparable to Erkiletian for its DC transit-oriented development focus and significant regional portfolio, though at a larger, institutionalized scale.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/erkiletian-construction-corp

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Erkiletian