The St. Charles Companies announced today that Richard Barnas has joined the St. Charles Companies as Vice President for Land Planning, Management and Operations. Mr. Barnas returns to the company after previously serving as a vice president overseeing St. Charles’ land development operations between 1998 and 2003. Mr. Barnas is a registered professional engineer in Maryland, Arizona and California.
"We are pleased to have Rick rejoin our team at St. Charles," said Matthew M. Martin, President. "Rick has more than 30 years of experience in land development and construction and will be a strong addition to our management team.” Mr. Martin continued, “Rick’s experience in land development in general, and in St. Charles and Charles County in particular, will ensure the steady delivery of lots to our builders and maintain the company’s position as Southern Maryland's best-selling new home community. He is well respected in our industry and in our county, allowing for a rapid transition as St. Charles continues to fulfill its vision."
Over the past 11 years, Mr. Barnas has applied his skills in land development and construction, including design, entitlement processing, project management, cost estimating, contract negotiations and construction management, for clients across the country. He has served on the Board of Directors of the Charles County Chamber of Commerce and is a past president of the Suburban Maryland Engineer's Society. Mr. Barnas is a University of Maryland alumnus, graduating magna cum laude in civil engineering.
St. Charles, MD is the best-selling new home community in Southern Maryland and is considered one of the most successful master planned communities in the Country, recently ranked 41st by industry data firm, John Burns Real Estate Consulting, in their independent ranking of the Top Selling Master Planned Communities of 2013 across the nation. Over the past few years, St. Charles was featured twice in The Washington Post and was profiled alongside the Washington area’s top master planned communities in The Washington Times (Master-Planned Towns, Age 50, Innovative Still). St. Charles has achieved record-level sales as buyers and renters recognize the advantages of a mixed-use community with unique features such as the Regency Furniture Stadium, the new West Waldorf library, and the new St. Charles High School, a state-of-the-art facility scheduled to open in the Fall of 2014. Named by CNN’s Money Magazine as one of the top twenty small cities to live in America, St. Charles is known for its diverse and abundant neighborhoods, lively retail centers, recreational opportunities and excellent schools. St. Charles appeals to all ages and lifestyles and was featured in 2011 in the Washington Post’s “Where We Live” section and named by U.S. News and World Report as one of the nation’s top bargains for places to retire. St. Charles invites you to like us on Facebook at St. Charles MD or visit us at www.stcharlesmd.com.
The St. Charles Companies includes American Community Properties Trust, The Apartments of St. Charles, American Land Development and St. Charles Community, LLC. The St. Charles Companies’ lines of business include the residential and commercial development of St. Charles, a 9,100 acre planned community in Charles County, Maryland and the ownership of an operating apartment portfolio of approximately 2,500 units in St. Charles.
Federal Capital Partners® acquired The St. Charles Companies in December 2009. FCP is a privately held real estate investment company that has invested in or financed more than $3.5 billion in assets since its founding in 1999. FCP is seeking equity, preferred equity and mezzanine debt investments in commercial and residential real estate throughout the Mid-Atlantic region, including Washington DC, Maryland, Pennsylvania, Virginia, Delaware, West Virginia, New Jersey and the Carolinas. FCP buys assets directly as well as through joint ventures with local operating partners. The firm, based in Chevy Chase, MD, owns and manages in excess of $2.3 billion in assets. FCP is currently investing its second investment fund, a $529 million commingled, discretionary fund closed in 2012. For further information on FCP, please visit www.fcpdc.com.