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Former GSA chief lands at $2 billion real estate firm - The Washington Post

http://www.washingtonpost.com/news/digger/wp/2015/02/26/former-gsa-chief-lands-at-2-billion-real-estate-firm/

Former GSA chief lands at $2 billion real estate firm

Dan Tangherlini, then with the General Services Administration , before a
Senate panel in 2012. (AP Photo/J. Scott Applewhite)

After more than 20 years working in government, Dan Tangherlini is getting
out.

Tangherlini took over the General Services Administration, which manages
real estate for the federal government, in the wake of a conference
spending scandal
<http://www.washingtonpost.com/politics/gsa-chief-resigns-amid-reports-of-excessive-spending/2012/04/02/gIQABLNNrS_story.html>
in 2012. He announced
<http://www.washingtonpost.com/news/digger/wp/2015/01/15/dan-tangherlini-to-leave-gsa-in-feb/>
he would leave last month and his final day was Feb. 14. Denise Turner Roth
<http://www.gsa.gov/portal/content/100046> is serving as interim
administrator.

His new job is as chief operating officer of a firm, Artemis Real Estate
Partners <http://www.artemisrep.com/>, that has raised $2 billion in real
estate capital since its founding in 2009. Based in Chevy Chase, the firm
places money across the U.S. in office, housing, retail, industrial and
other properties.

Tangherlini has connections at nearly every level of government associated
with real estate in Washington. Locally, he served under mayors Anthony A.
Williams and Adrian M. Fenty for the District government, doing stints as
transportation director, deputy mayor and city administrator. He was also
an interim director of the Washington Metropolitan Transit Authority.

For the federal government he has worked at the Treasury Department, the
Department of Transportation, the Office of Management and Budget and the
GSA. Operating under austerity measures, he proposed complex real estate
swaps aimed at building a new headquarters for the FBI
<http://www.washingtonpost.com/news/digger/wp/2014/07/29/list-narrows-for-future-fbi-headquarters-greenbelt-landover-or-springfield/>
and a new neighborhood south of the National Mall, called Federal Triangle
South
<http://www.washingtonpost.com/blogs/capital-business/post/gsa-proposes-massive-overhaul-of-southwest-office-buildings-into-a-new-federal-triangle-south/2012/09/28/fc3d936c-099c-11e2-a10c-fa5a255a9258_blog.html>
.

At Artemis, he is joining Deborah Harmon, Artemis chief executive and
former president of J. E. Robert Cos., who co-founded the firm with Penny
Pritzker. The firm’s local properties include Carlyle Center, an Alexandria
office building, and Springfield Corporate Center, according to data from
CoStar Group.

“Dan’s wealth of experience and leadership in fiscal and operational
management will enable him to be a valuable partner as Artemis continues
its significant growth,” Harmon, said in a statement. “We are excited to
work with Dan to implement institutional and operational best practices
while maintaining our entrepreneurial culture.”

Tangherlini’s first day will be March 30.

Follow Jonathan O’Connell on Twitter: @oconnellpostbiz
<https://twitter.com/OConnellPostbiz>


Eric D. Schwerin
eschwerin@rosemontseneca.com

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