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Washington DC & Mid-Atlantic  + DC Metro  + Finance  |  February 18, 2022
Bellwether expands into DC market with the acquisition of 85-year-old Phillips Realty Capital
Lisa McDuffie
By: Lisa McDuffie

Bellwether Expands into DC Market with Acquisition of Phillips Realty Capital

Bellwether Enterprise Real Estate Capital, LLC, has acquired metro Washington, DC-based, Phillips Realty Capital. Phillips, which has offices in Bethesda, MD as well as in Alexandria, Charlottesville and Richmond, VA, has been operational for 85 years.

C. Stephen Shaw, Jr., who served as president and CEO of Phillips, is among 20 employees who will join the BWE team. Other senior executives include John Sieber, Daniel Shiff, JosephTilley, David Foulk, William Wrench, Mark Remington, Adam Bieber and Charles DuBose

“Shaw and his team have deep roots in the DC region’s commercial real estate market and a strong culture like ours,” said DJ Effler, president of BWE. “The team is an ideal partner for BWE, and we are thrilled to have them join as our largest production office.”

Phillips has historically originated over $1.5 billion in annual production, with total volume for 2021 expected to hit $1.9 billion with a focus on multi-family lending.

Photo: Phillips-financed Sur Apartments in Arlington, VA

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Inside The Story

Bellwether Enterprise Real Estate Capital’s Effler

About Lisa McDuffie

Lisa McDuffie arrives at ConnectCRE via REALTOR® world, where she served for nearly two decades as communications director for one of the nation’s largest REALTOR® organizations. She supported two membership-elected presidents who were commercial real estate practitioners, and managed the communications initiatives of the organization’s commercial special interest group. When not following the latest commercial real estate news, Lisa is zeroed in on her charismatic off-the-track thoroughbred as she makes the transition from an utterly failed racehorse to a lovely show hunter.
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