Felipe Ernst Blog
Washington, D.C. — Real Estate & Education
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24 articles
Felipe Ernst Georgetown University Professor: Building Real Developers, Not Theorists
Felipe Ernst, Georgetown University professor of Multifamily Value-Add Investment and Development, brings active Capitol Rock Partners experience into the
10 min read
How to Evaluate Multifamily Development Sites in DC: Treat the Process as an Integrated System
Learn how to evaluate multifamily development sites DC using an integrated analysis of zoning, due diligence, market feasibility, and entitlement risk.
9 min read
Ernst Equities vs Capitol Rock Partners: What the Rebrand Actually Means
Clarifying the relationship between Ernst Equities and Capitol Rock Partners: how one vertically integrated DC real estate firm evolved from a single rowhouse.
10 min read
DC Multifamily Market High Barrier Entry: Filter Not Flaw
DC's multifamily market barriers aren't obstacles. They're selection mechanisms for operators with local expertise, vertical integration, and patient capital.
8 min read
Why Vertical Integration Benefits Real Estate Investing More Than Most Investors Realize
Discover how vertical integration benefits real estate investing through execution control, cost savings, and tenant loyalty.
9 min read
Multifamily Development Course for Beginners: Choose the Right Path
A multifamily development course for beginners should teach the full lifecycle, not just pro formas. Choose based on entitlement coverage, capital structure depth, and instructor experience.
10 min read
How to Create Affordable Quality Housing in DC, and Make Money Work
Learn how to create affordable quality housing in DC and make money through patient capital, public-private finance, and a vertically integrated model.
11 min read
How to Invest in Workforce Housing Projects in DC: Patient Capital, Not Subsidy Chasing
Learn how to invest in workforce housing projects in DC. We explain the 80-120% AMI band, deal structures, evaluation criteria, and why patient capital matters more than subsidy chasing.
10 min read
Capitol Rock Partners Fund Manager Credentials: What They Actually Tell an Investor
Learn how to vet real estate fund manager credentials with a practical framework, and why Capitol Rock Partners' vertically integrated structure in DC matters.
9 min read
Felipe Ernst Background and Track Record in DC Real Estate
Explore Felipe Ernst's background and track record in DC multifamily investment, from a Shaw rowhouse to 2,300+ units and Georgetown teaching.
9 min read
How to Evaluate Real Estate Investment Firms in DC
Learn how to evaluate real estate investment firms in DC by assessing vertical integration, local market depth, and sponsor alignment, not glossy pro formas.
9 min read
The Multifamily Value Add Acquisition Strategy Is Simple. The Execution Is What Separates Winners From Losers.
A multifamily value add acquisition strategy sounds easy on paper. Here's why execution, not underwriting, determines who actually hits the returns.
10 min read
Affordable Housing Investment DC Metro Area: Why Patient Capital Wins Where Speculators Fall Short
Learn why affordable housing investment in DC demands underwriting rigor, local knowledge, and patient capital that understands structural economics.
12 min read
How to Find Workforce Housing Investments DC: The Real Entry Point for 80-120% AMI
Learn how to find workforce housing investments DC with a framework for sourcing, underwriting, and executing deals in the 80-120% AMI band in America's most
13 min read
What Is Vertical Integration in Real Estate Development (Why Execution Control Matters Most)
What is vertical integration in real estate development? A guide for multifamily investors: control over risk, execution speed, and the real economic advantage.
9 min read
Georgetown Real Estate Program Review: Practitioner Faculty Matters
Honest Georgetown MPSRE review: 50+ practitioner faculty, real DC deals, and what students must know before enrolling.
11 min read
Why Teach Multifamily Development? Because the Pro Forma Isn't the Deal
Real estate pro formas are easy. Entitlements, capital stacks, and construction management are hard.
7 min read
Multifamily Value Add Deal Evaluation: Why Execution Capability Matters More Than the Pro Forma
Learn how to evaluate multifamily value add deals beyond the spreadsheet. Our framework focuses on execution capability, the difference between a model and a
10 min read
Why Georgetown Multifamily Development Course Content Falls Short Without Clinics
Georgetown multifamily development course content covers theory, but the real learning happens in the Multifamily Clinic. See why clinics trump lectures.
10 min read
Rethinking Raising Capital for Multifamily Real Estate in a Post-2023 Market
Raising capital for multifamily real estate in 2026 requires institutional rigor. Learn the modern framework for successful syndication and capital formation.
7 min read
Buy Your First Multifamily Property in Washington, DC: The Real Entry Point for First-Time Owners
Buying your first multifamily property in Washington, DC starts with owner-occupied 2-4 unit buildings.
11 min read
Why Invest in DC Multifamily Real Estate? The Case for Structural Supply Constraints and Local Knowledge
Learn why investing in DC multifamily real estate requires understanding supply dynamics, TOPA, and submarket divergence.
10 min read
The Multifamily Real Estate Scaling Guide: Why Vertical Integration in High-Barrier Markets Wins
Learn the real framework for scaling multifamily real estate from a D.C. developer who grew from a rowhouse to 2,000+ units. A step-by-step guide to vertical integration.
11 min read