ABOUT

 

Lock Three Properties, LLC is a privately-held, principal real estate investment firm specializing in the acquisition, repositioning, and management of multifamily properties in Maryland and Virginia.

Lock Three seeks to create tangible value through its hands-on management approach, investment of renovation capital, and/or implementation of operational enhancements.  The firm has a long-term investment horizon, prioritizes capital preservation and risk management above all else, and focuses on generating strong current cash flow for its investors.

LEADERSHIP

 

Buji Tallapragada

Co-Founder & Managing Principal

Mr. Tallapragada is a Co-Founder and Managing Principal of Lock Three Properties, and has 12 years of institutional investment and management experience.

He is a recent alumnus of JBG Smith, and its predecessor, The JBG Companies, where he was a Senior Vice President and was responsible for the investment performance of a $1.1 billion portfolio of office properties in Washington, D.C.  During his time at JBG, he also led the acquisition, financing, and disposition on $1 billion of transactions, and was responsible for developing and executing repositioning strategies to maximize value on behalf of the firm’s opportunity fund and public investors.  Prior to joining JBG, Mr. Tallapragada was a Director at CBRE Global Investors, where he managed a $1 billion portfolio of office, retail, and industrial properties, and led $200 million of acquisitions on behalf of several institutional separate account investors.  Mr. Tallapragada began his real estate career with Legg Mason Real Estate Investors, where he acquired, financed, and repositioned $400 million of value-add multifamily and retail investments on behalf of a firm-sponsored opportunity fund.

Mr. Tallapragada earned a B.S. from New York University, and an MBA from the Marshall School of Business, University of Southern California.  He lives in Bethesda, MD with his wife and two children.

btallapragada@lockthree.com

Office: 301.263.6392

Cell: 917.405.2604

Ashesh Parikh

Co-Founder & Managing Principal

Mr. Parikh is a Co-Founder and Managing Principal of Lock Three Properties, and has 14 years of institutional investment and capital markets experience.

He is a recent alumnus of JBG Smith, and its predecessor, The JBG Companies, where he was a Senior Vice President and closed $3.0 billion of financing transactions across the multifamily, office and retail sectors.  Prior to joining JBG, Mr. Parikh assisted in the launch of ASAS, the real estate vehicle for Abraaj Capital, Ltd., the largest private equity fund outside of the United States and Europe.  He previously served as an acquisitions associate at Lehman Brothers Real Estate Private Equity, where he deployed $340 million in equity and mezzanine investment.

Mr. Parikh earned a B.A. with Highest Distinction from the University of Virginia, and an MBA from The Wharton Graduate School of Business, University of Pennsylvania.  He lives in Bethesda, MD with his wife.

aparikh@lockthree.com

Office: 301.263.6391

Cell: 917.697.4110

CONTACT US

301.263.6390

4800 Hampden Lane, Suite 200
Bethesda, MD 20814