April 11, 2025: Anthony Chang's New Office Investment Firm Closes First Deal (bisnow.com)

A new real estate firm that is looking to reposition office assets has inked its first deal in Old Town Alexandria. 

Silverline Equities, founded in March 2024 by Stream Realty and WashREIT alum Anthony Chang and local real estate veteran Barry Bass, has invested preferred equity in the renovation and recapitalization of the 1980s-era office building at 225 Reinekers Lane. With the deal, Silverline is now a partner with owner Altus Realty on the 130K SF office building near the King Street-Old Town Metro station.

The partners declined to disclose the size of the investment, but they said it will allow Silverline and Altus to build out new spec suites in the building and launch additional leasing initiatives.

“We’re coming in with fresh equity to finish their business plan, which we totally agree on,” Chang told Bisnow. 

Altus acquired the Old Town property in partnership with Acentris in January 2020 for $44.7M. The owner has signed 40K SF of leases over the last two years, and it is now about 70% leased, Chang said. He said he had known Altus' executives previously and it was one of the firms he wanted to work with after launching Silverline.

Although the office market has taken a tumble over the past five years, Chang said there is competition for office investment opportunities from those who are bullish about the future of the sector. He said Silverline was the “runner-up” on multiple deals last year before closing its first one.  “It’s a little bit of an emotional roller coaster,” Chang said. Read more

< back