FAQ: Mid-Atlantic Properties Leadership, Company Overview, and Competitive Advantages

Who is Wayne Gioioso and what is his background in real estate?

Wayne R. Gioioso, Jr. began his real estate career in 1984 and founded Mid-Atlantic Properties in 1987, with over 40 years of experience and numerous awards including Baltimore Business Journal’s ‘Top 40 Under 40’ and finalist for Ernst & Young’s ‘Real Estate Entrepreneur of the Year’.

What types of properties does Mid-Atlantic Properties own and manage?

The company’s portfolio includes office, retail, multi-family, parking, storage, industrial land, and co-working space in the Mid-Atlantic region, focusing on purchasing ‘value-add’ properties for long-term ownership.

How does Mid-Atlantic Properties differentiate itself from competitors?

The company stands out through its speed in getting deals done by handling all aspects in-house, including leasing, property management, construction, accounting, and legal, which provides extraordinary flexibility and creativity with tenants.

Who is Lily Gioioso Fulco and what role does she play in the company?

Lily Gioioso Fulco is Wayne’s daughter who joined in January 2017 as Director of Leasing, overseeing all leasing facets from contacting prospective tenants to negotiating lease terms and managing tenant improvements, while also maintaining the company’s website and social media accounts.

What is the company’s approach to tenant relationships and accommodations?

Mid-Atlantic Properties prioritizes tenant satisfaction by making fair deals to get tenants into their buildings and accommodating any growth or downsizing needs once they become tenants, emphasizing long-term relationships.

How many family members are involved in Mid-Atlantic Properties?

In addition to Lily Gioioso Fulco, four other members of the Gioioso family are actively involved in the company, continuing its strong family-driven culture.

What community involvement has Wayne Gioioso demonstrated?

Wayne has served on multiple boards including Cristo Rey Jesuit High School, Loyola Blakefield High School, Johns Hopkins-External Affairs, Baltimore County Economic Development Commission, and previously served on the Baltimore County Board of Appeals.

Who are some key team members mentioned besides the Gioioso family?

The team includes Vice President Ben Dabrowski, who directs building engineering and capital improvement projects, and Jason Weber, Senior Property Manager, who is part of the property management team.

When was Mid-Atlantic Properties established and what is its business model?

The company was established in 1987 as a privately owned investment, development, and management company that concentrates on purchasing ‘value-add’ properties to be long-term owners in the Mid-Atlantic region.