As a District of Columbia resident for the better part of a quarter century, Mr. Schwat
offers the unique ability to forecast the direction and trend of revitalization potential in many of the District's classic neighborhoods.
delivers a keen sense of style and functional trends combined with an acute attention to detail throughout the development and management phases of all projects.
has participated in a number of entrepreneurial ventures including investing in real estate since 1996.
Steve's extensive experience began with designing and co-managing the renovation of an 1897 Chevy Chase home and co-general contracting several medium-sized construction projects in the District and Prince George's County.
Since joining UIP, he has managed the construction and renovation of over 1,500 apartment units.
is well versed in working with architects and construction companies; locating and investigating opportunities; creating and analyzing initial purchase, construction, and sales estimates; overseeing planning, construction, and draws; and more.
works with real estate sales and marketing professionals in designing marketing materials including signage, renderings, sales presentation materials, and web sites.
Steve has served as mayor and treasurer of the Village of Drummond in Chevy Chase, MD, as treasurer of the Citizens Coordinating Committee of Friendship Heights.
Steve currently serves on the Board of the Anne Frank House www.theannefrankhouse.org a non profit charity that houses homeless individuals with mental illness.
"This is our fourth acquisition for the year and our third development agreement with a tenant association in 2015, highlighting UIP's unique level of experience and strong desire to participate fully with tenants in the properties we buy," said Steve Schwat, Principal at UIP.
and the tenants' association worked together to plan a $7 million renovation of the building to be performed by UIP subsidiary UIP General Contracting Inc.
The project will include adding five apartments on the building's lower level, upgrading electric service, installing individually controlled heating and air conditioning in each apartment, plumbing replacements and upgrades, and upgrading all common areas and apartment interiors (with a particular focus on kitchens and baths), while maintaining the structure's historic character.
"As with many of our other apartment building renovations, Rhode Island Gardens residents who stay through the renovation will enjoy a modernized apartment building with no increase in rent," added Schwat