1 West Pennsylvania Avenue | Suite 975 | Towson, MD 21204



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 real estate based investments including retail and mixed use projects. Black Oak acquires existing buildings and land at different stages of development requiring site planning, zoning changes, permitting, access improvements and/or 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 30 years in the real estate and financial industries.

Recent Growth and Diversification

Since 2010, Black Oak has acquired nine shopping centers in Pennsylvania, Maryland, Virginia, and North Carolina totaling approximately 650,000 square feet. During this timeframe, the Company invested over $200 million through its acquisition and redevelopment programs. The Company funded these initiatives from a variety of capital sources including Black Oak sponsored private equity funds that provide long term capital for real estate based investments. Beginning in 2015, Black Oak has slowed its pace of new acquisitions as valuations for commercial real estate continue to increase relative to 2010 levels and consumer shopping preferences evolve rapidly. The Company sold several shopping centers at near peak valuations between 2015 and 2018 following the successful completion of redevelopment and releasing programs.

Black Oak is expanding its real estate investment platform to include alternative products in addition to retail property. These categories include environmental land based strategies, storage and multifamily assets. In 2016, Black Oak provided capital for the restoration of over 300 acres of environmentally valuable land in Los Angeles County, California. The Company expects to earn a return on this investment over the next decade as environmental credits are sold to mitigate impacts from infrastructure, residential and commercial development in the Los Angeles trade area.


Black Oak specializes in creating and retrofitting properties that are efficient, low-impact, and sustainable. The company is 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 for 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 outlines capital improvement guidelines to improve upon building efficiency and overall property sustainability. Investment areas include HVAC upgrades, roof insulation, lighting, and water efficiency with a goal of improving property efficiency by 30% for each property. In addition, the company works to educate tenants on efficiency upgrades and existing federal and state incentive programs.


R. Dixon H. Harvey Jr.


Jack S.(Jay) Griswold


Dara S. J. Hewat


Ray Keil
Property Manager


Olivia Brown
Property Manager


Heberto Alanis
Development &
Acquisition Associate