Dalian has assembled a diversified team of real estate, development, finance and construction professionals. We staff each project with an efficient management team that incorporates the wide range of experience offered by our staff.
Hossein Fateh is the founder and Managing Member of Dalian Development, LLC (“Dalian”) a multifamily development company based in Washington, DC.
Dalian Development is based on Mr. Fateh’s experience at a real estate development company where he was Vice President. Mr. Fateh was responsible for the development of a 442 unit garden-style apartment complex in Herndon, VA in which he structured a joint venture with Northwestern Mutual Life Insurance Company. This property was ultimately sold for approximately $65 million, a record price at the time and was one of the highest performing investments for Mr. Fateh’s joint venture partner, Northwestern Mutual.
Mr. Fateh was previously the CEO and Co-Founder of DuPont Fabros Technology, Inc (NYSE:“DFT”) a wholesale data center REIT and DuPont Fabros Development (“DFD”). Mr. Fateh cofounded DFD in 1997, where he managed the acquisition, development, leasing, and management of all of the firm’s properties including CBD office buildings, suburban office parks and whole sale data centers. In 2001, the founders brought the majority of DFD’s data center investments to the public investment market as Dupont Fabros Technology (DFT) which was recently valued at approximately $7.6 billion at the announcement that DFT would merge with Digital Realty Trust. Mr. Fateh served as President, CEO and Director of DFT until February, 2015 when he left to pursue other business opportunities.
Mr. Fateh is the founder and CEO of CloudHQ, LLC, a wholesale data center developer based in Washington, DC. CloudHQ is currently developing a 400,000 square-foot data center in Northern Virginia totaling over $400 million in development costs.
Mr. Fateh has acquired, developed, and financed property in excess of $2.5 billion. He is held in high regard by capital providers from community banks to national banks, life insurance companies and the overall public capital markets.
Mr. Fateh earned his bachelor’s degree in Business Administration from George Washington University and his Master of Science in Finance from George Washington University.
David Burt joined Dalian Development in August, 2013 to manage construction of the company’s projects. Mr. Burt focuses on ensuring that the company’s projects are completed to the highest standards of quality, on schedule and within budget.
Prior to joining Dalian Development, Mr. Burt was a project manager at UDR, Incorporated located in Alexandria, Virginia. Mr. Burt represented UDR on apartment development projects in Washington, D.C., College Park, Maryland, and Boston, Massachusetts.
Before joining UDR, Mr. Burt held leadership and project positions with Fairfield Development LP in Bethesda, MD, Konover Construction Corporation in Columbia, MD and at Pulte Homes/Del Webb Maryland in Baltimore, MD.
Mr. Burt earned a Bachelor of Science degree in Marketing from Miami University in Oxford, Ohio as well as a Master of Business Administration in Real Estate and Urban Development from George Mason University in Fairfax, Virginia.
Marston Smith joined Dalian Development in January 2015 and has been integral in the development and construction of all projects in Dalian’s portfolio to date. Mr. Smith focuses on ensuring that ongoing projects continue to operate smoothly, increasing Dalian’s future development pipeline and developing best practices and procedures for Dalian’s continued growth.
Prior to joining Dalian, Mr. Smith worked for and started a number of subsidiaries for the Clark Companies, headquartered in Bethesda, MD. His most recent role was with Edgemoor Real Estate and Infrastructure, where he was responsible for developing performance-based infrastructure projects for municipal entities through public-private partnership arrangements. In this capacity he was also integral in the creation of a cogeneration/ PPA company called CFSG Energy and Structured Finance, as well as the operations company Clark Facility Solutions, which operated/maintained over 2.6 million SF of conditioned space for the General Services Administration at the time Marston left Clark.
Before working in these subsidiaries, Mr. Smith began his professional career with Clark Construction Group in the preconstruction services department, where he managed estimating and procurement activities for certain projects for the $4 billion per year private firm. Milestone projects included the $393 million Camp Pendleton Hospital in Camp Pendleton, CA, and the $512 milllion Stockton CHCF, in Stockton, CA.
Mr. Smith earned a Bachelor of Science in Accounting and Business Administration from Washington and Lee University, and a Masters in Real Estate and Infrastructure from Johns Hopkins University.
David Stegman joined Dalian Development in January 2016. David focuses on building proformas for both cash and tax attributes, working with investors and lenders, and reviewing legal documents.
Prior to Dalian Development, David spent over a decade working in financial analysis at firms such as Cohn Reznick, Thomson Reuters and Kids II. At Cohn Reznick he structured and built financial models for complex real estate transactions and at Thomson Reuters he saved clients millions in performing and negotiating property tax appeals.
The University of North Carolian Kenan-Flagler Business School – MBA 2008
Michigan State University College of Law – JD 2006
Emory University Goizueta Business School – BBA 2000
Membership / Committees
District of Columbia Building Industry Association (DCBIA)
DCBIA Capital Markets Committee
American Bar Association (ABA)
ABA Affordable Housing & Community Development Law Forum
ABA Tax Credits and Equity Finance Committee (low income housing, historic tax credits and new markets tax credits)
ABA Tax Section
Materials Co-Chair for the ABA Forum on Affordable Housing and Community Development Law 25th Annual Meeting in May 2016
State Bar of Michigan
United States District Court Eastern District of Michigan