Real Estate 2023: TIMOTHY HELMIG

MANAGING PARTNER, MONDAY PROPERTIES, ARLINGTON COUNTY

Published August 30, 2023 by Virginia Business

After joining Monday Properties in 2005, Helmig has led the company to capital investments of more than $16 billion, an expanded multifamily portfolio of 5,300 units, and executed transactions totaling more than 35 million square feet.

Helmig’s brother-in-law, Anthony Westreich, founded Monday Properties and acquired a 2.5 million-square-foot Rosslyn portfolio of buildings in 2007, two years after Westreich’s father, the late Stanley Westreich, sold them to Beacon Capital Partners for $960 million. In June, news outlets reported that Monday Properties defaulted on a $150 million mezzanine loan on a seven-building Northern Virginia office portfolio, and Eastdil Secured was hired to seek a loan buyer.

Today, Monday Properties owns 1812 N. Moore in Arlington, home to Nestlé’s U.S. headquarters, as well as residential and commercial buildings along the East Coast.

Prior to joining Monday Properties, Helmig was a partner at Westfield Realty, co-founded by Stanley Westreich, where he oversaw approximately $5 billion in transactions. He is a graduate of American University and is vice chairman of the Rosslyn Business Improvement District board.

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