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Partners

Ernest L. Marcus
Partner
Ernest L. Marcus

Mr. Marcus, a District resident since 1976, has a 40-year history of involvement in development in the Washington, D.C. area, including redevelopment and new construction of multi-family (affordable and market rate), urban retail, mixed-use (apartments, retail, office), industrial and office properties. Previous work history with local development companies in the 1980’s included extensive experience in the development of commercial and residential properties and the rehabilitation of retail, industrial and office properties. 

Mr. Marcus has received the designation “Counselor of Real Estate” (CRE), an invitation only membership awarded to prominent real estate practitioners recognized for their expertise, experience, and ethics in providing advice that influences real estate decisions. A prestigious credential, the CRE designation certifies individual professional achievement in the real estate counseling profession.

 

 His current and recent District of Columbia affordable housing experiences include as developer for EQ Flats and Savoy Court condominiums in Congress Heights, and Kennebec Mews in Takoma Park, MD. Also, affordable for sale units were provided in 20% of the units at the Verona Parc and Barcelona condominiums in Columbia Heights. He also served as tenant consultant for the NE 2nd Street Cooperative (52 unit building) and the 5940-5950 Piney Branch Cooperative (28 units). Current projects under consideration include a 90 unit senior project for active adults in Annapolis, MD.

 Mr. Marcus spent five years as a project director with Carley Capital Group in the 1980’s, one of the largest public-private developers in the U.S. at the time. Major projects with CCG included the award-winning Penn Theatre mixed-use complex on Capitol Hill and the redevelopment of the Convention Center Inn at 1201 K Street, NW. He also was an acquisitions director and project manager for the GLM Companies in Washington, D.C. for five years with a focus on retail development, office and multi-family housing. Major projects included redevelopment of the Landover Crossing Shopping Center, acquisition of three future Giant Food anchored shopping centers and cooperative projects in New York.

 Marcus Asset Group, Inc., founded in 1991, is a designated Certified Business Enterprise (CBE). MAG or Mr. Marcus are partners in single asset investment entities which have been involved in such diverse projects as the mixed-use Adams Court and Park Triangle projects in Columbia Heights. A subsidiary, M&B Appraisal Group, was founded in 1991. Mr. Marcus is a Certified General Appraiser and Real Estate Consultant and has appraised numerous complex multi-family, mixed-use, commercial and industrial projects over the past decade with a particular focuse on Columbia Heights, the 14th Street corridor and East of the River. Community involvement includes the former V.P. position with the Columbia Heights Association of Merchants and Professionals (CHAMPS) and was a founding member of the Columbia Heights Community Marketplace Committee (CHCM) and the Chevy Chase Farmers Market. He is a former member of the Board of Trustees, chair of the Building Committee, and chair of the Finance Committee of the Edmund Burke School in Washington, D.C. He is a past member of the Board of Trustees for Landmark College in Vermont. He is the former President of the Jewish Historical Society of South Carolina and is a building committee member for the Capital Jewish Museum project in D.C. He has a Finance degree from George Washington University and an MBA in Real Estate & Urban Development from American University.