About
Nicholas C. Pappas (“Nick”) formed Stonewood Layne in the spring of 2024 because he believed it was time to engage in a wider variety of opportunities within this ever-changing economic state of commercial real estate. For over four decades, Nick’s leadership and vision have been relied upon by investors for the largest and most complex transactions in the DC metro region. He has been repeatedly recognized as one of the top advisors and industry experts. With a trained eye for opportunity and a strong and direct communication style, Stonewood Layne, under Nick’s leadership, is committed to high-touch, inside-the-beltway intel on the most lucrative and time-sensitive opportunities.
By The Numbers
*All transactions completed while at Eastdil Secured (2000 – 2024)
200+
transactions
$500M+
execution of portfolio, individual and high-profile office sales
9
of the 11 DC office trophy trades (2018-2024)
$30B+
transactions value
5%
cap rate at or below on premium trades — over $1,000 psf
$820M+
largest single recapitalization in Washington, DC — Constitution Center (1.4M sf)
CORE COMPETENCIES
Acquisitions
Off Market
Dedicated resource to actively source and transact principal to principal
Confidentiality
Confidential and discreet representation in capacity as a sole fiduciary
Expertise
Acquire real estate where cost of capital and tenancy provides a competitive advantage
Introductions
Direct access to top decision makers providing access to product, capital, and future deal flow
CORE COMPETENCIES
Dispositions
Underwriting
Real-time leasing and capital markets intel to provide High, Medium, and Low market probabilities
Process
Create a clear path, organize a timeline with critical property information and provide clarity to manage expectations that produce the most competitive investor field with optimal results
Strategy
Formulate a position given asset strengths and investor appetite that tells the best story allowing investors to embrace the opportunity and to acquire at all costs
Optionality
Flexible structure to account for the optimal outcome - fee sale, partial interest sale, joint venture, recapitalization, ground lease, 1031 exchange or REIT shares for tax efficiency
