Business Details
Trusted Real Estate Investment and Management Services in Delaware
Avir Realty Group has been a leader in real estate investments, asset management, and property management since our founding. Established by Ivan Stern in 1967, our firm transitioned to focus on commercial and residential real estate in 1973, acquiring and developing 22 properties totaling $117 million. With decades of collective experience, our team specializes in strategic acquisitions, tenant representation, and sustainable asset management across Delaware, Maryland, Pennsylvania, Florida, and Ohio. We prioritize environmentally responsible practices, including green construction methodologies, to enhance property value while minimizing environmental impact. Our approach aligns with long-term investment horizons of 5 - 10 years, delivering historic unleveraged returns of 12% and leveraged returns of 15% - 25%.Through transparent partnership structures, we co-invest alongside clients in discrete LLC entities, ensuring shared interests in every project. Our expertise spans office, industrial, apartment, and retail assets, supporting clients through all phases of real estate ownership. From property management to tenant representation, we deliver tailored solutions for national corporations and local stakeholders. Our track record includes major transactions totaling millions of square feet for clients like Sardo and Sons Warehousing and Penguin Real Estate. With founding principles of integrity and innovation, we continue to reposition real estate assets to meet evolving market demands.
Services
Property Management
Asset Management
Acquisitions Advisor
Tenant Representation
Green Construction
Highlights and features
- We offer over 55 years of combined experience in commercial and residential real estate investments
- Our team employs environmentally responsible green construction methodologies across all projects
- We provide national tenant representation with decades-long client relationships spanning millions of SF
- Our proprietary partnership structure ensures co-investment with clients for aligned interests
- We maintain proven returns with historic unleveraged returns of 12% and leveraged returns of 15%25%
Services
Property Management
We provide comprehensive property management across five states, handling office, industrial, apartment, and retail assets. Our services ensure optimal property performance through proactive maintenance, tenant relations, and financial reporting. With expertise in both day-to-day operations and long-term strategic oversight, we maximize asset value while minimizing owner responsibilities.
Asset Management
Our asset management services cover commercial properties spanning millions of square feet. We implement value-add strategies, financial analysis, and market positioning to optimize returns. Through partnerships with Sovereign Property Management, we deliver integrated solutions for acquisitions, leasing, and portfolio optimization aligned with long-term investment horizons.
Acquisitions Advisor
We represent clients in strategic property acquisitions including office buildings, industrial sites, and land leases. Our advisory services encompass market analysis, due diligence, and transaction negotiation. Recent successes include facilitating Penguin Real Estate's portfolio acquisition across Pennsylvania and Delaware, demonstrating our hands-on approach to finding high-value opportunities.
Tenant Representation
We act as exclusive tenant representative for major clients like Sardo and Sons Warehousing. Our services include site selection, lease negotiation, and portfolio management across millions of square feet. With decades of experience, we secure favorable terms and strategic locations that align with clients' operational requirements and growth objectives.
Green Construction
Our green construction practices focus on environmentally responsible development that reduces energy consumption and operational costs. We implement resource-efficient methodologies throughout building lifecycles, from initial design to ongoing maintenance. This approach enhances property value while meeting modern sustainability standards for commercial and residential properties.
People
George Gowen
Partner
George Gowen joined Avir in the 1990s after starting his commercial real estate career in 1984. He specializes in acquisitions, dispositions, debt origination, and comprehensive asset management. With deep expertise in industrial properties, he has managed transactions worth tens of millions of dollars.
Ivan Stern
Founder
Ivan Stern founded Avir in 1967 and shifted its focus to real estate in 1973. He led the acquisition and development of 22 properties totaling $117 million. With over 50 years of experience, he pioneered the firm's value-add investment strategy and long-term partnership approach.
Richard F. Smith, Jr.
Principal
Richard Smith serves as principal for Avir's Pennsylvania operations. With 17 years of experience in the North American market, he has completed over one million square feet of transactions in 23 states. His expertise focuses on corporate client representation for acquisitions, sales, and leasing.
Questions
What real estate services does Avirco offer?
We provide property management, asset management, acquisitions advisory, and tenant representation services across commercial, industrial, apartment, and retail sectors.
What areas does Avirco serve?
Our real estate services cover Delaware, Maryland, Pennsylvania, Florida, and Ohio markets with regional expertise and national transaction capabilities.
How does Avirco add value to real estate assets?
We implement strategic improvements, sustainable building practices, and proactive asset management to enhance property performance and maximize long-term returns.
What investment structures does Avirco use?
We form discrete LLC entities for each project, allowing passive investor participation while maintaining alignment through co-investment by our principals.
What experience does Avirco have with tenant representation?
We've served as exclusive tenant representative for Sardo and Sons Warehousing for decades, completing millions of square feet in lease transactions nationwide.
What returns has Avirco achieved historically?
Our investments have delivered 12% historic unleveraged returns and 15–25% annualized leveraged returns over the past decade.
