David A. Jannarone serves as Managing Partner for Taylor Adams Associates. Mr. Jannarone specializes in public-private partnership transactions and is experienced in real estate development, government operations, and construction management. He is responsible for managing the day-to-day operations of the company, which include real estate consulting, advisory, owner’s representation, and project management for complex real estate projects on behalf of our partners and clients.
Mr. Jannarone served as Senior Vice President with Hunt Development Group. His duties with Hunt included sourcing new business and structuring real estate transactions through the Public-Private Venture Division. He was responsible for the day-to-day oversight of real estate development projects for Hunt Development Group, its partners and clients. His activities included both development and investment for many different deal types including Enhanced Use Leases, Build-to-lease for medical facilities, Build-to-lease for GSA office space, Student Housing, and Affordable Housing.
Mr. Jannarone was also an appointee under Mayor Adrian Fenty in Washington, D.C. During the Fenty Administration, his roles included serving as Interim Chief Operating Officer for the Department of Housing and Community Development (DHCD) and as Director of Development in the Deputy Mayor’s Office for Planning and Economic Development (DMPED).
As Interim Chief Operating Officer for DHCD, Mr. Jannarone was responsible for managing the team executing the day-to-day operations of the Development Finance Division, Residential and Community Services Division, Property Acquisition and Disposition Division, and the Portfolio and Asset Management Division. This responsibility included acquisitions, dispositions, and financing of real estate projects in DHCD’s portfolio. This portfolio included over 100 real estate development projects with a total development cost of $450 Million, a 200-property inventory, and a $550 Million loan portfolio.
Prior to joining DHCD, Mr. Jannarone served as Director of Development for DMPED. As a principal deputy for the Deputy Mayor for Planning and Economic Development, Mr. Jannarone was responsible for the day-to-day management of over 100 real estate development projects with a total development cost of close to $7 Billion. His responsibilities included managing the team, negotiating real estate transactions, and obtaining community and City Council support for projects on behalf of the Mayor. His portfolio included some of the most challenging projects and programs in Washington D.C., including the New Communities initiative, which is the transformation of four public housing projects into mixed-income communities with 5,500 units of new housing and a total development cost of close to $2 Billion. His portfolio also included other complicated large-scale projects like the I-395 Air Rights project, the McMillian Reservoir site, and the redevelopment of Hill East.
Prior to joining Mayor Adrian Fenty, Mr. Jannarone served as Development Manager for Monument Realty. While at Monument, he was responsible for managing development projects with a total development cost close to $500 Million. At Monument, he was responsible for the day-to-day management and performance of real estate projects for Monument’s principals, partners, and clients. The projects in his portfolio included the Hawthorn Condominium in Arlington, VA, Northgate Condominium in College Park, MD, and McLean Commons in McLean, VA.
Mr. Jannarone served as Development Manager for Roadside Development prior to joining Monument Realty. At Roadside he was responsible for the day-to-day construction and development management for Roadside Developments’ principals, partners, and clients. His portfolio included the award-winning Cityline at Tenley, a 450,000 SF renovation and expansion of the historic former Hechinger Building on top of the Tenley Metro Station. The project includes 90,000 SF of retail (Best Buy, Container Store, and a regional hardware store), two levels of parking, and 204 luxury condominiums.
Prior to joining Roadside Development, Mr. Jannarone served as a Project Manager for Transwestern Commercial Services where he was responsible for the day-to-day oversight of real estate development projects for Transwestern’s clients. He successfully managed projects in excess of $75 Million for non-profit clients including schools, churches, and museums. His portfolio included The City Museum, a renovation of the 60,000 square foot, federal landmark, Carnegie Library building in Washington, D.C., new construction of a 50,000 square foot, state-of-the-art Performing Arts Center at the Bullis School in Potomac, MD, and new construction of 130,000 square foot, Upper School on the Flint Hill School’s 30-acre campus in Oakton, VA.
Mr. Jannarone also served as Director of Retail Services for Delta Associates, Transwestern’s research and advisory division, where his analysis of the Washington D.C. Metro area retail market was been featured in Real Estate Forum Magazine, National Real Estate Investor Magazine, the Washington Post, the Washington Business Journal, and the Corridor Real Estate Journal. Through conducting feasibility studies, market studies, and appraisals for Delta’s clients he has evaluated commercial real estate of all types: multi-family, retail, industrial, office, and subdivision housing.
Mr. Jannarone served as Advisory Neighborhood Commissioner for Single Member District 4C06 and as a member of the Georgia Avenue-Petworth Metro Station Site & Corridor Plan Steering Committee. Mr. Jannarone is a graduate of The University of Tennessee, Knoxville where he received a Bachelor of Arts in Urban Studies, with minors in Business and Geography.