PERS Development builds beautiful city homes. With over two decades combined experience,  PERS Development is a Washington D.C. based development company that places a paramount on building boutique and luxury homes, setting the industry trend. With the mantra: building homes is like art, fluid and ever changing, influenced by culture and lifestyle experience, PERS endeavors to fuse that idea into a home that someone can both appreciate, and enjoy. When founder, Ramin Bassam, established the company in 2006 with a single row house, his vision was to provide premium, boutique properties to DC’s hottest neighborhoods. Today that vision remains the same as PERS Development moves forward as one of the fastest and consistently growing development companies in D.C.

WBJ: Pers Development sells Petworth condos, before construction is finished

Pers Development founder Ramin Bassam figured it would not take long to sell all 31 of his Fahrenheit Building condos in D.C.’s Petworth neighborhood. The project is still about two months away from completion, but Pers sold the entire project, including three inclusionary zoning affordable housing units and about 2,800 square feet of retail, to [...]

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Urbanturf: Fahrenheit Building on Georgia Avenue Sells, Will Go Rental

Fahrenheit, a 31-unit condo building under construction on Georgia Avenue, has sold to Erkiletian Development, a family-run real estate development firm in the DC area. The project, developed by PERS Development, was originally planned as condos, but Erkiletian will deliver the units as rentals this summer. The final sales price for the project was $14.3 million, a [...]

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citybizlist: DTZ Represents PERS Development in $14.3 Million Sale of 3930 Georgia Avenue in Northwest DC

DTZ, a global leader in commercial real estate services, today announced that it has assisted PERS Development, one of D.C.’s fastest growing Development firms, in delivering the $14.3 Million sale of 3930 Georgia Avenue in NW Washington, DC. Managing Director Chris Doerr represented the seller, Ramin Bassam, in delivering a near-completed 31-unit, Class A mixed-use property located in the Petworth neighborhood with [...]

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Fahrenheit Building Sold to Erkiletian Development for $14.3M

WASHINGTON, DC – March 31, 2015 – DTZ, a global leader in commercial real estate services, today announced that it has assisted PERS Development, one of D.C.’s fastest growing Development firms, in delivering the $14.3 Million sale of 3930 Georgia Avenue in NW Washington, DC. Managing Director Chris Doerr represented the seller, Ramin Bassam, in [...]

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31-Unit Condo Project Planned For Petworth, Delivering Spring 2014

A new 31-unit condo project with ground-floor retail is planned for the 3900 block of Georgia Avenue NW, UrbanTurf has learned. Pers Development, which developed the Mint Condominiums in Eckington, plans on developing the former Goins building at 3930-3936 Georgia Avenue NW (map) into a 31-unit condo project with 32,000 square feet of mixed use [...]

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The Mint | Urban Pace Video Tour

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Signs of Life in Condo Market

Published in Washington Business Journal

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Final Units at Mint

Article on DC Urban Turf

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Mint Sets New Standard

Article on DC Urban Turf

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Urban Turf Covers The Mint

The Mint in Eckington Now Selling    

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  • Our Mission


Our mission is simple: To continue to raise the bar and be the premier real estate company by developing, owning, operating, and financing superior developments.   We do this by choosing significant locations and offer exceptional urban-life products while providing immaculate interior design, unique and fresh to the industry. Our investments in urban fill projects are trendsetting and new, combined with our dedication to the highest possible standard in every aspect of our business.  From Distinctive architectural and interior design, to our quality of construction is the distinction that is apparent in all of our properties.

It is these attributes that results in Boutique, modern, trendsetting buildings and design concepts, in relevant locations, rich in detail and originality, each tailored toward a unique and discerning buyer of PERS’ products; All the while offering a challenging and dynamic work environment for our employees and creating a legacy of positive economic impact for all stakeholders.

As a growing company, PERS Development consistently seeks new and challenging development opportunities geared towards producing exciting housing, hospitality and retail solutions in evolving DC markets.




  • Investing Partners
  • Careers
Want to invest in DC? Privately owned and operated, at PERS Development we strive to make a positive impact on the DC cityscape. Our primary focus is to create exciting, high-yield opportunities that only serve to benefit investors and future homeowners in our nation’s capital. At PERS Development we create projects that balance quality and value in neighborhoods while sustaining long-term partnerships. With a proven record of consistent growth over the last decade, PERS has exceeded expectations by obtaining record sales despite grim housing forecasts. We seek to utilize creative financial packages that provide a stable platform for mutual wealth generation that will help meet our goal of allowing every buyer the access to supreme properties at relevant locations. If you are interested in driving DC into the next generation of prosperity, fill out the form below and we contact you regarding opportunities in the city.


PERS Development prides itself on fostering a collaborative environment in which our team of professionals can operate while delivering exceptional results. We seek to achieve the highest possible quality of life for everyone in the company by balancing the demands inherent in the real estate development and construction industries with our team members’ personal needs. We value diversity by hiring individuals with a broad variety of backgrounds and capabilities. We respect the fact that our reputation is build upon strong relationships fostered by mutual respect, trust and professionalism. We values personal relationships; therefore, if you are interested in applying for employment with, would like to learn more about PERS Development, please contact us using the form below, and someone from our diligent team of highly motivated professionals will get back to you.



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