About Cobalt Property Group

Cobalt Property Group, LLC was formed in 2017 by Principals Patrick Marr, David Stern, and Steven Kleiman.  Cobalt is the aggregation of decades of real estate experience by its founders, consolidating under one firm a broad spectrum of disciplines including acquisitions, development, finance, leasing and construction.

 

Mr. Marr previously owned and managed the Charleston-based CMB Property Company, focused on the acquisition of multifamily and office buildings in the $10-25 million range in both Charleston and Washington, DC.  Mr. Marr has spent 30 years in the commercial real estate industry with CB Richard Ellis and Newmark Knight Frank, consistently ranked a top national producer completing over 3,000 lease transactions.

 

Mr. Stern, previously a Principal with Washington, DC-based ICG Properties, brings 25 years of institutional development expertise to Cobalt.  Mr. Stern has led the development of multiple high-profile projects in Washington, DC, including the award-winning trophy office buildings at 900 16th Street and 901 F Street.  His diverse experience includes design and entitlement, finance, leasing, and historic preservation.

 

Mr. Kleiman recently relocated to Charleston, SC after spending 17 years in New York City.   He was most recently a Senior Investment Professional at Monarch Alternative Capital, LP, leading opportunistic real estate debt and equity investments globally.  Mr. Kleiman began his career at BlackRock, Inc., ultimately holding senior roles in its fixed-income investment division and its highly publicized financial advisory business, where he led the Commercial Real Estate securities team during the financial crisis from 2008 to 2012.

 

Cobalt seeks opportunistic investments across commercial real estate asset classes, from vertical development to asset repositioning and repurposing.  Cobalt has the experience and relationships to execute on a broad range of project and investment sizes, from $10 million to $75+ million, including outright acquisitions, joint-venture partnerships and recapitalizations.

 

Cobalt has offices in Charleston, South Carolina and Washington, DC.

TEAM

Patrick W. Marr

Principal

Mr. Marr is a Principal with Cobalt Property Group, co-heading its Charleston office. Mr. Marr, along with Mr. Kleiman and Mr. Stern, is responsible for the overall direction of the firm’s development and acquisition strategies.

Steven G. Kleiman

Principal

Mr. Kleiman is a Principal with Cobalt Property Group, co-heading its Charleston, SC office. Mr. Kleiman, along with Mr. Marr and Mr. Stern, is responsible for the overall direction of the firm, development and acquisition activities, asset management, and day-to-day operations.

David C. Stern

Principal

Mr. Stern is a Principal with Cobalt Property Group, heading its Washington, DC office. Mr. Stern is in charge of all development activities for Cobalt, both in Washington, DC and Charleston, SC. Mr. Stern is also responsible for the firm’s overall direction.

Nicholas J. Schumacher

Vice President of Construction

Mr. Schumacher is Vice President of Construction for Cobalt Property Company and is responsible for all construction activities. Furthermore, Mr. Schumacher is responsible for Preservation Development and Preservation Properties, entities established in 2014 to develop a portfolio of duplex and triplex apartments in the Charleston, SC market.

M. Reagan Moseley

Director of Development

Ms. Moseley is charged with bringing her experience to assist the principals in all facets of Cobalt Property Group’s real estate development projects. Currently, Ms. Moseley is focused on the design efforts of Cobalt’s Mary Street Development in Charleston, SC as well as the design and construction aspects of its Preservation Development Portfolio.

Susan A. Wilson

Leasing Associate

Ms. Wilson joined Cobalt Property Group after completing her undergraduate studies at Clemson University, where she received a Bachelor of Science in Psychology and Communications. Ms. Wilson will assist all three principals in development, leasing and asset management duties.

Margo Miles, CPM ®, RPA

Director of Property Management

Margo Miles is the Director of Property Management for Cobalt Property
Group, LLC, developing and heading its new management division, Cobalt
Property Management, LLC, in Charleston, SC.