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.
Aria Buys NoMa Development Site
WASHINGTON, DC—Aria Development Group has scooped up a 15, 698-square foot development site in NoMa for $11 million. The site, assembled over the past several years by PERS Development, stretches between 21 and 27 Florida Ave., NE and 18 to 24 P St., NE. All together it has a development potential of 141,000 square feet. [...]Read More
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 [...]Read More
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 [...]Read More
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 [...]Read More
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 [...]Read More
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 [...]Read More
The Mint | Urban Pace Video TourRead More
Signs of Life in Condo Market
Published in Washington Business JournalRead More
Final Units at Mint
Article on DC Urban TurfRead More
Mint Sets New Standard
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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
CURRENT JOB OPENINGS:
Currently there are no job openings available at this time. (Updated today)