What Altus Realty does

Altus Realty is a privately held, full-service real estate development and investment firm founded in 2006 and headquartered in Arlington, Virginia, with operating focus on the Mid-Atlantic and metropolitan Washington, D.C. The firm executes ground-up development, major renovations, and repositioning of commercial office, retail, residential, and hospitality assets, and reports having acquired, repositioned, and developed over $1 billion of real estate totaling more than 3.1 million square feet. Its portfolio spans Rosslyn, Old Town Alexandria, Tysons, Georgetown, Glover Park, and the D.C. CBD/NoMa submarkets, with notable assets including Park Place, Greensboro Park, the Stieff Silver Building, 3601 M Street NW, and a citizenM hotel development at 35 New York Avenue NE.

The company is structured as a lean sponsor-partnership with three principals — Charles H. Kehler (Founder + Partner), Alexander G. Troup, IV (Partner, acquisitions and financings), and Gordon M. Fraley (Partner, development) — all of whom previously held senior roles at Vornado/Charles E. Smith, Lincoln Property Company, The Carlyle Group, The Kaempfer Company, or Beacon Global. Revenue is generated through acquisition, value-add development, leasing, and eventual sale of repositioned or newly developed assets, often executed in joint venture with repeat capital partners such as Ascentris and Velocis alongside institutional and high-net-worth individual investors. Pricing and fee economics are project-based and not publicly disclosed. The firm has no software, platform, or AI/technology product surface; its differentiation rests on local market knowledge, entitlement expertise, and execution track record.

Name

Altus Realty

Legal name

Altus Realty

Website

https://altusre.com

Company type

Private

Founded year

2006

Operating status

Operating

Headcount range

1–10 employees

Short description

Altus Realty is a Washington, D.C.-area real estate development and investment firm founded in 2006 that acquires, repositions, and develops office, retail, residential, and hospitality assets alongside institutional and individual capital partners.

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, Operations, Marketing or Sales, Technology or R&D

Revenue model

1. Real Estate Development and Investment: The company generates revenue through acquiring, repositioning, and developing commercial real estate assets including office, retail, residential, and hospitality properties. Revenue is earned through property appreciation, leasing income, and eventual sale of developed or repositioned assets. Projects range from new ground-up construction to major renovations.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels2 records

Core offering

Altus Realty is a full-service real estate development and investment company that acquires, repositions, and develops commercial office, retail, residential, and hospitality properties across the Mid-Atlantic region, with a focus on metropolitan Washington, D.C. Working alongside private and institutional investors who serve as capital partners, the firm executes ground-up construction, major renovations, and asset repositioning projects, navigating complex entitlement processes with local municipalities to deliver properties on time and on budget.

Product overview

Altus Realty is a full-service real estate development and investment company based in Washington, DC. The company does not offer a software product, platform, or technology service. Instead, it provides real estate development services including acquiring, repositioning, and developing commercial office, retail, residential, and hospitality properties. The company's activities include ground-up construction, major renovations, asset repositioning, and navigating complex entitlement processes with local municipalities and communities. No discrete software products, modules, or named technology offerings were identified in the source material.

Differentiator

Problem solved

Functional benefit

Products and services

• Commercial Real Estate Development End-to-end development of commercial office, retail, residential, and hospitality properties in the Mid-Atlantic region, including ground-up construction and major renovations, delivered as projects for institutional and private capital partners.
• Asset Repositioning Strategic repositioning of underperforming commercial real estate assets in metropolitan Washington, D.C., combining acquisition, design, and entitlement expertise to improve asset performance and value.
• Real Estate Investment Partnerships Operating and investment partnership with private and institutional investors, ranging from major institutions to individuals, deployed as capital partnerships on specific acquisitions and development projects.

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators3 records

Recent moves6 records

Expansion highlights4 records

Broad incumbents

• Hines: Large global real estate developer with active DC/Mid-Atlantic investment and development activity, offering comparable institutional-scale development capabilities.
• Tishman Speyer: Global real estate developer and investor with a DC presence, comparable in its full-service development and investment capabilities across multiple property types.
• Vornado Realty Trust: Large public REIT with major DC office portfolio, and a former employer of two Altus founders. Represents the institutional incumbent that Altus's leadership model was built from.
• Lincoln Property Company: National commercial real estate firm with a Mid-Atlantic acquisitions and development team previously led by Altus partner Alexander Troup. Directly comparable in product mix and geographic focus.

Direct peers

• Carr Properties: Private DC-based commercial real estate owner/developer focused on office and mixed-use properties in the Mid-Atlantic region with a similar institutional capital partner model.
• Republic Properties: Washington, DC-based real estate developer focused on office, mixed-use, and residential projects in the District, directly comparable in scale and market.
• JBG SMITH Properties: Public REIT focused on mixed-use development, office repositioning, and multifamily in the DC metro area—the same core geography and asset mix where Altus operates.
• Donohoe Real Estate: DC-area real estate development and investment firm with a long operating history in multifamily, office, and mixed-use projects across the Mid-Atlantic.
• EastBanc: Washington, DC-based real estate development and investment firm with comparable focus on urban infill, mixed-use, and neighborhood-scale projects in the District.

Regional players

• Ascentris: Real estate investment manager focused on the Mid-Atlantic that has partnered with Altus on the 225 Reinekers acquisition, making it a co-investor peer as well as a comparable regional operator.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat3 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/altus-realty-dc

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 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 Altus Realty