DHC Real Estate
Services

Build What Matters

America is building. DHC is a veteran-owned commercial real estate firm for the people doing it: defense tech, manufacturing, the public and private sectors, and the capital behind them. We execute the real estate. You execute the mission.

Certified Service-Disabled Veteran-Owned Small Business Cushman & Wakefield National Strategic Alliance

What We Believe

Where we work shapes the work.

We believe real estate is a physical expression of an organization's culture and values. We imagine a world where every person is inspired by their physical environment, because DHC exists to empower people and organizations to be the best at what they do. Get the environment right and the gains compound: productivity rises, culture strengthens, recruiting accelerates, and the mission moves faster.

Where we build

Industrial and production facilities set throughput, certification, and the speed from prototype to full production. The building is part of the process.

Where we work

Offices either compound culture or tax it. The right space recruits, retains, and unleashes the people inside it.

Where we heal

Clinics built around clinicians and patients change outcomes. We have delivered them for the Department of Veterans Affairs nationwide.

Where we defend

Secure, compliant, power-ready facilities are operational infrastructure for the companies rebuilding the American arsenal.

The Moment

America is building

America is building.

Factories are expanding. The arsenal is being rebuilt. Capital is moving.

AI is rewriting what facilities must do. Care is reaching veterans closer to home.

Every one of those missions needs a place to happen. DHC helps you identify it, secure it, and shape it, across industrial, office, lab, medical, and specialized facilities. Build what matters.

What We Do

Advisors who act as your fiduciary.

Real estate is a physical expression of culture and values. Tenant representation is how we help you get it right: we sit on your side of the table, align our incentives with yours, and run the process so the market competes for you.

Inside our tenant practice

Tenant Representation

Requirement definition, market intelligence, tours, financial modeling, negotiation, and execution. We run the process so the market competes for you, not the other way around.

Site Selection & Incentives

Labor analytics, power availability and timelines, zoning, logistics, and state and local incentive negotiation across competing markets.

Lease Negotiation & Structuring

The provisions that decide outcomes: escalations, TI allowances, options, security deposits, guarantees, holdover, assignment, and exit flexibility.

Federal Lease Acquisition

End-to-end acquisition support inside the federal process: market surveys, solicitation support, evaluation, negotiation, and award documentation.

Capital Markets & Portfolio Strategy

Sale-leasebacks, build-to-suits, dispositions, and multi-market portfolio planning, executed with Cushman & Wakefield platform scale.

Federal Track Record

We deliver inside the federal process.

DHC brings unique insight into federal leasing. We are a prime contractor on the Department of Veterans Affairs National Broker Contract, executing with Cushman & Wakefield's Government Services platform, and a subcontractor to Cushman & Wakefield on GSA requirements. Market survey to lease award, documented and on schedule.

Pflugerville, TX2025

VA Outpatient Clinic. New build-to-lease, 51,000+ ABOA SF with structured parking requirement.

$114M TCV51K+ SFOPC
30.4394 N / 97.6200 W
Elizabethtown, KY2025

VA Outpatient Clinic. 61,000+ ABOA SF with 350 parking spaces, full acquisition cycle.

$92M TCV61K+ SFOPC
37.6939 N / 85.8591 W
San Antonio, TX2025

VA Community-Based Outpatient Clinic, 21,276 ABOA SF serving a growing veteran population.

$34M TCV21K SFCBOC
29.4241 N / 98.4936 W
Eugene, OR2025

VA Behavioral Health Resource & Recovery Center, relocating care out of a federal building into purpose-fit space.

$19M TCVBHRRS
44.0521 N / 123.0868 W
Reno, NV2024

VA Community Resource & Referral Center connecting at-risk veterans with housing and care services.

$14M TCVCRRC
39.5296 N / 119.8138 W

How We Work

A military decision process, applied to real estate.

Both partners led in combat. We plan the way we were trained to plan: define the mission, pressure-test the options, then execute with discipline. Technology runs through all of it, from research to financial modeling to service delivery. And when you engage DHC, you get all of DHC: engaged, available, start to finish.

PHASE 01

Assess

Define the mission and the constraints: headcount, power, security, capital, timing, and the operational requirements behind the square footage.

PHASE 02

War Game

Model the scenarios before the market sees you. Stay or go, lease or buy, this market or that one, and what each path costs under stress.

PHASE 03

Compare

Run a disciplined competition. Sites, landlords, and incentive packages scored against the requirement, with full financial transparency.

PHASE 04

Execute

Negotiate the lease that protects you for a decade, then manage the transaction through signatures, buildout, and occupancy.

Small Firm. Institutional Reach.

DHC pairs founder-level attention with institutional scale, depth, and resources through our national strategic alliance with Cushman & Wakefield: roughly 53,000 professionals across 60 countries, institutional research, and capital markets execution. Every engagement runs through an SDVOSB-certified firm. Every engagement draws on that scale.

Cushman & Wakefield and DHC Real Estate Services joint mark National Strategic Alliance

Leadership

Veteran-led. Excellence-driven.

We built DHC around the values the service taught us: duty, integrity, discipline, and teamwork. We run a high-touch practice with a technology-forward approach. Clients get clear answers, a disciplined process, and a team that treats your mission as its own.

About the firm

Portrait forthcoming

Jonathan Luttwak

Founder & CEO

West Point. Combat-veteran Army officer, Operations Desert Spring and Enduring Freedom. Columbia MBA. Two decades working complex real estate problems worldwide for the world's most demanding industries.

Portrait forthcoming

James Cassidy

Managing Partner

Major, USMCR. Marine infantry officer with combat deployments. A deal maker who leads DHC's federal practice and advises occupiers across the private and federal sectors.

Start the Conversation

Have a real estate requirement?

Send the basic parameters. We will come back with a clear read on the market, the constraints, the timeline, and the path to execution.