Six23 Advisors
Specialists in commercial real estate capital raising, partnership structuring, valuation and underwriting, asset management, owner representation, and strategic advisory.
OUR TEAM
GLEN SEIDLITZ - PRINCIPAL & SENIOR ADVISOR
With over 25 years of experience, Glen brings extensive experience in capital raising and structured finance, investment management, partnership structuring and negotiations, and the development and acquisition/disposition of multifamily, single-family, and commercial real estate.
The impetus and mission in founding Six23 is to provide strategic advice with a high-touch, collaborative, value-add i approach. Leveraging his direct sponsor-side experience, and his extensive industry relationships, Glen assists his clients in making informed decisions by working side-by-side with them as a trusted confidant.
Prior to founding Six23, Glen was Senior Vice President of Finance at Bozzuto, a premier DC based multifamily, single-family, and mixed-use developer, manager, and investment company. During his tenure with Bozzuto, he led the company’s project finance team focusing on equity and debt capitalizations, partnership structuring and contract negotiations, and investor relationship management for all Bozzuto owned assets and new construction. During his 11-years with the firm, Glen raised and structured over $850 million in equity from institutional, family office, and high-net-worth investors, and closed on over $3 billion in construction loans and permanent financings. Before joining Bozzuto, Glen held a senior position with Monument Realty where he focused on acquisitions, development, and workouts during the GFC. In addition, he was previously a structured finance broker with Cassidy & Pinkard (now Cushman & Wakefield).
Glen holds a BA in Urban Planning & Development from Virginia Tech and completed his CCIM designation. Originally from Silver Spring, Maryland, Glen has been a long-time resident of Washington, DC where he lives with his wife, two children, and dog on Capitol Hill. Outside of Six23, he enjoys cycling and working on bicycles, spending time with his family, seeing live music, and playing guitar.
GREG DERBY - SENIOR ADVISOR
Greg Derby has over 35 years of business experience focused on commercial real estate and infrastructure concession transactions. Recently, Greg has assisting in the structuring and capitalization of approximately $450M in real estate developments including the acquisition of a two building, obsolete suburban office park in Northern Virginia for conversion to residential use, a 512,000 square foot build to suit mixed-use complex for VCU Health System and a 269-unit, luxury apartment community in an Opportunity Zone in downtown Indianapolis, IN. During his career, Greg has performed financial underwriting, market feasibility and valuation of over $1 billion of commercial real estate properties in all property sectors including multifamily, retail, office, industrial, self-storage, hotel, student housing, charter schools, senior housing, and assisted living. Greg has also been involved in the acquisition, structuring and/or capitalization (equity, debt, tax credits) of over $5 billion of commercial real estate and infrastructure projects. In addition, Greg has extensive experience managing project teams in the pursuit of commercial real estate, public private partnership and infrastructure concession projects through bid processes. Greg’s experience in transportation infrastructure includes the Route 460 Corridor Toll Road project and the Purple Line Light Rail Project.
In addition to his role with Six23, Greg is also the founder and principal of Story Street Advisors (www.storystreetadvisors.com) where he specializes in advising and consulting with clients on commercial real estate and infrastructure projects and transactions.
Previously, Greg was a Managing Director with Edgemoor Real Estate & Investments, a Senior Vice President-Regional Director at Concord Eastridge, Inc., a Director with Arthur Andersen LLP and Acquisitions Manager at First Washington Realty Trust.
Greg holds a BS in Marketing from the University of Maryland and a MS in Real Estate Development from the Massachusetts Institute of Technology (MIT).