Since its founding in 1967 by Ivan Stern, Avir Corporation has acquired, developed, and managed over 2.6 million square feet of office and industrial property, 800 units of multifamily rental and for sale property, and 1,175 acres of land. The company headquarters are in Baltimore, Maryland, with regional offices in Wilmington, Delaware, Fort Washington, Pennsylvania and Shaker Heights, Ohio.

Guiding Philosophy
Avir Corporation traces four decades of success to adherence to its guiding investment philosophy. The Company invests in existing industrial and suburban office properties which it typically redevelops or expands to generate high, risk-adjusted, rates of return. The focus is on small to medium sized projects purchased at initial yields 100-300 basis points in excess of larger, comparable assets.

Its guiding philosophy incorporates careful attention to risk management including such elements as:
  • Careful analysis of existing property cash flows
  • Selection of supply constrained submarkets
  • Evaluation of expansion opportunities
Professional Team
Avir's highly experienced professional team:
  • Invests primarily in industrial and office assets in targeted geographic markets
  • Develops these assets, manages them and disposes of them based on optimal timing and conditions
  • Controls risk through rigorous asset analysis, selection, re-development and management
  • Generates consistently superior returns for investors
  • Adroitly manages the challenges of the real estate market
Avir is organized along functional lines, as follows:
  • Acquisitions
  • Construction and Development
  • Property Management and Client Reporting
  • Finance
  • Accounting
Property management activities are decentralized to facilitate enhanced responsiveness to local market conditions and tenant requirements, while other functions are centralized to ensure seamless communication and capitalize on economies of scale.