About - Rappaport

Cultivating the Future

Rappaport leads the market in expertise and reach while setting the standard for full transparency and business decisions made with care, conviction, and integrity. We manage and lease properties owned by Rappaport, institutional partners, and high net worth individuals and operate each property as if it were our own. Leveraging in-depth market awareness and integrity, we offer standout specialization in the retail that defines Maryland, Virginia, and Washington, D.C. Rappaport attracts top clients, great partners, and best-in-breed talent.

200

Properties Leased & Managed

Our Team

Our senior leadership across many disciplines works in close, trusted partnership with each other to deliver top results to partners, clients, investors and owners.

LEADERSHIP TEAM LEASING TEAM PROPERTY MANAGEMENT TEAM

Working at Rappaport

We emphasize a collaborative working environment at Rappaport where departments come together to solve problems and provide best-in-class services for our landlords and tenants. Working here, you’re part of a team of more than 100 professionals, proud of the investments we make in our community, and the commitments we keep with our clients.

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The Rappaport Timeline

1984

Gary D. Rappaport founded The Rappaport Companies on May 31, 1984, by purchasing his first shopping center, Milford Mill, in Baltimore, Maryland.

1986

Following the tumultuous riots of 1967 that devastated Northeast Washington, D.C., Rappaport and J. Gerald Lustine develop H Street Connection through public and private partnership to revitalize the H Street neighborhood most affected.

1987

With 40 limited partners, Rappaport purchases Towers Shopping Center, a 267,000-square-foot regional shopping center in Roanoke, Virginia anchored by Heironimus department store, Woolworth’s and S&S Cafeteria.

1994

The 27-person Rappaport team oversees a management and leasing portfolio of 3 million square feet, and partners with Mulligan & Griffin and GE Capital in the acquisition of the 252,000-square-foot Potomac Festival I in Woodbridge, Virginia.

1997

Rappaport acquires Mount Airy Shopping Center, a value-add property in Mount Airy, Maryland with 14 acres of developable land. The property is repositioned to expand Safeway, create a Walmart location and increase the retail space by approximately 44,000 square feet.

2000

In a joint venture partnership with Lehman Brothers, Rappaport purchases the 230,000-square-foot Worldgate Centre in Herndon, Virginia anchored by Loews Theatres and Marriott.

2002

As Gary D. Rappaport begins serving as Chairman of the International Council of Shopping Centers, Rappaport is selected as lead developer of Skyland Town Center, the planned redevelopment within the blighted retail area of Southeast Washington, D.C.

2006

Rappaport acquires additional interest in the East Coast’s largest retail power center, Fredericksburg’s Central Park, as well as assumes management of the Property Owners’ Association, which includes 2.5 million square feet of retail and office space.

2007

The company’s first development of a shopping center from inception to completion is achieved through Bristow Center, a Harris Teeter-anchored 158,000-square-foot neighborhood center located in Bristow, Virginia.

2009

Rappaport celebrates its 25th anniversary and launches receivership and consulting services for retail REO properties for clients such as CW Capital, Wells Fargo and U.S. Bank.

2010

Gary D. Rappaport authors Investing in Retail Properties, a 17-chapter guide to structuring real estate partnerships as well as sharing capital appreciation and cash flow amongst investors and Rappaport finalizes plans to redevelop H Street Connection.

2011

The Leasing and Management portfolio proliferates to include more than 11 million square feet and over 100 employees across offices in Roanoke, Manassas, Herndon, and McLean, Virginia and Bowie, Maryland.

2013

Spearheading the overall asset success of Village at Leesburg, a 550,000-square-foot town center in Leesburg, Virginia anchored by Wegmans, Rappaport also partners with Principal Real Estate Investors to establish programmatic venture when acquiring retail assets throughout the Mid-Atlantic region.

2014

Whole Foods is secured to enhance D.C.’s H Street Corridor and Rappaport hosts a ground-breaking ceremony for Skyland Town Center with members of the development team alongside the D.C. City Government.

2015

Rappaport earns the Accredited Management Organization (AMO®) accreditation from IREM®, a designation recognizing excellence among real estate management firms, acquires Wellington Station in Manassas, Virginia and completes interior renovations of Worldgate Centre and Central Park Corporate Center.

2016

After 30 years of serving the community, H Street Connection is memorialized for Avec, a 419-unit, LEED-Silver standard mixed-use building with 44,000 square feet of retail, Towers Shopping Center completes its extensive interior renovations and Gary D. Rappaport finalizes the 2nd edition of Investing in Retail Properties.

2017

Investor relations services broaden during the acquisition of Hilltop Plaza, a 185,000-square-foot shopping center in Bowie, Maryland, and Nobu opens after Rappaport earns Washington Business Journal recognition among Best Real Estate Deals for its involvement.

2018

While managing and leasing a portfolio of more than 15.5 million square feet, Rappaport expands and renovates its corporate office in McLean and acquires the majority ownership of Village at Leesburg’s retail component.

2019

Rappaport & WC Smith announces Lidl at Skyland Deal at ICSC RECON.

2020

Avec on H Street N.E. is completed, and Rappaport announces D.C.’s first drive thru Starbucks at Skyland Town Center. Team Rappaport navigates the COVID-19 pandemic as the retail landscape abruptly shifts

2021

Rappaport and WC Smith deliver Phase 1 of Skyland Town Center and break ground on Phase 2. Rappaport completes multi-million dollar renovation and rebrand of Worldgate Athletic Club & Spa. Following the sale of Pointer Ridge Plaza, Rappaport's portfolio grows with additions of Leesburg Plaza and Portsmouth Station.

2022

Rappaport acquires Festival at Bel Air and Potomac Festival I and celebrates the grand opening of Lidl at Skyland Town Center, bringing the community to the center with a Fall Block Party.

2023

Whole Foods Market opens its 50,000 SF store at Springfield Plaza and Skyland Town Center wins Washington Business Journal’s Deal of the Year. Forbes publishes the 3rd edition of Gary Rappaport’s "Investing in Retail Properties".

Awards

Largest Tenant Representation Firms 2022

IREM CPM® (Certified Property Manager®)

Largest Commercial Real Estate Leasing Brokerages 2022

Largest Property Management Companies 2022

About Rappaport