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, Managing Member of Dalian Development, LLC was previously the CEO and Co-Founder of Dupont Fabros Technology (NYSE:“DFT”; Market Cap 2.65B as of 2/9/15). Mr. Fateh cofounded Dupont Fabros Development (“DFD“) in 1997, where he managed, through a variety of entities, the acquisition, development, leasing, and management of all of the firm’s current properties that included CBD office buildings, the acquisition and development of suburban office parks, acquisition and development of whole sale data centers. Mr. Fateh helped take the majority of DFD’s data center investments public as Dupont Fabros Technology (DFT). Mr. Fateh served as President, CEO and Director of DFT from its IPO in 2007 through early 2015.
Prior to DFD, from 1990 to 1997, Mr. Fateh worked at a broad-based Washington, DC real estate development company where he was Vice President and was responsible for acquisition, development, leasing, financing and dispositions. During that role Mr. Fateh, as a partner, was responsible for the development of a 442 unit wood construction garden apartment complex in Herndon where he structured a joint venture with Northwestern Mutual Life Insurance Company and management by Bozzuto. This transaction was ultimately sold at a record price at the time of approximately $65 million and was one of the highest performing investments for Northwestern Mutual. The success of that transaction provided Mr. Fateh with the capital to form DFD.
In total, 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. While at UDR, Mr. Burt represented UDR on the construction of an $84 million Class A mixed-use, mid-rise apartment building in Washington, D.C. and also represented UDR on the construction of an apartment project in College Park, Maryland as well as in Boston, Massachusetts. His duties included managing the General Contractor for each development, documenting aspects of the projects, handling AIA pay applications, completing change orders, and interfacing with third party design and testing consultants.
Before joining UDR, Mr. Burt was a project manager at Fairfield Development LP in Bethesda, MD where he managed a team of six individuals working on the construction of a $90 million apartment complex and parking structure. Prior to working at Fairfield Development LP, Mr. Burt held positions at 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 to manage construction and development activities as the Dalian portfolio continues to grow. Mr. Smith focuses on ensuring that ongoing projects continue to operate smoothly and assisting in 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 integral in the creation of CFSG Energy and Structured Finance, which sought to design, build, finance, operate and maintain distributed generation power facilities through the creation of power purchase agreements. He was also integral in the creation of Clark Facility Solutions, after successfully leading the acquisition of a performance-based operations and maintenance contract for over 2.6M SF of conditioned space at St. Elizabeths West Campus in southeast DC, home to the new Headquarters facility for the Department of Homeland Security.
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 $4B/ year private firm. Milestone projects included the successful purchasing of all trades for the $393M Camp Pendleton Hospital in Camp Pendleton, CA, which was the largest ARRA-funded project at the time and subject to strict FAR guidelines, as well as leading key estimating trades in the successful $512M bid for Stockton CHCF, in Stockton, CA.
Mr. Smith earned a Bachelor of Science in Accounting and Business Administration from Washington and Lee University, and will complete his Masters in Real Estate and Infrastructure from Johns Hopkins University in 2015.
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