Our Story

FD Stonewater was formed when two firms, FD Partners and Stonewater Partners, merged in 2011. The merger was synergistic, as both firms brought finely tuned skillsets and broad networks in complementary areas of real estate including development, acquisitions, asset management, and government leasing.

Today, FD Stonewater is a full-service development, investment, and brokerage company with national capabilities delivering real estate solutions through entrepreneurial and thoughtful leadership. We have been recognized as a best place to work and for technical excellence by regional publications and real estate industry organizations.
Meet our team

Core Values

FD Stonewater is founded on core principles that provide the framework for everything we do. These shared values uphold the fabric of the organization, inform our business decisions, and guide our professional and organizational behavior.

Relationships matter and trust is essential. Demonstrate ethics and integrity at all times. Entrepreneurship leads to empowerment.

“The founding principals created FD Stonewater so we could experience the pride of personally organizing and directing the firm’s portfolio of work. Although each of the principals spent time in larger firms, we designed FD Stonewater as a privately-held principal-led enterprise, which allows us to maintain a direct personal relationship with each of our projects, clients, and investors. We love the real estate industry, so organizing the firm in this fashion was both more effective and more rewarding.” —Joe Delogu

through the years

2003

David Stade and Jeff Toporek depart from Eastdil to found Stonewater Partners. Stonewater Partners executes first formal JV and completes first acquisition.
2004

In 2004, Stonewater Partners hires Joe Delogu, Richard Mann, and David Alperstein as consultants on high-profile acquisition of a single-tenant federally-leased asset
2007

FD Partners founded by Joe Delogu, David Alperstein, Richard Mann, and Claiborne Williams
2008

FD Partners delivers eight build-to-suit projects in Florida, Texas, and West Virginia.
2009

FD Partners brokers two of the top five office deals in the country.
2011

Stonewater Partners and FD Partners merge to form a fully integrated real estate brokerage, development, investment, and asset management firm.
2013

FD Stonewater launches HNW investment platform for acquisitions.
2013

FD Stonewater launches third-party Construction Management platform.
2015

FD Stonewater opens Los Angeles office.
2017

FD Stonewater completes/delivers two major federal developments: the FBI Regional Headquarters in Atlanta, GA, and the U.S. DHS Coast Guard Sector Air Station in Corpus Christi, TX.
2019

Brokerage team solidifies status as the largest and most experienced Federal Brokerage Team in the industry and has best year on record since the firm’s inception.
2020

Construction Management platform significantly expands with third-party assignments
2021

FD Stonewater launches new industrial and logistics platform
2022

FD Stonewater launches STAR Evergreen Fund investing in mission-critical single-tenant assets in secondary and tertiary markets

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Core Values

Relationships matter and trust is essential. Demonstrate ethics and integrity at all times. Entrepreneurship leads to empowerment.

through the years

2003

2004

2007

2008

2009

2011

2013

2013

2015

2017

2019

2020

2021

2022