Stefan Martinovic is a Co-Founder & CEO of Create, which he founded in 2011. Stefan has led financial & economic analysis teams for a variety of large-scale real estate development projects and investment opportunities ranging from luxury hotels to affordable housing. He spent the majority of his career in real estate at the DC based firm City Interests, developer of both the Swedish Embassy and the Mandarin Oriental Hotel in Washington DC. Stefan led underwriting for multiple development projects at Parkside, a 3 million square feet mixed-use greenfield community development project including 1,500 residential units, 750,000 SF of office, 50,000 SF of retail, a community health center, pedestrian bridge, public park, and 3 schools featuring a $100 million flagship adult education center/community college.
Among his accomplishments were the securing of tax increment and Community Development Block Grant financing for the redevelopment of a blighted shopping center into a vibrant mixed-use community. He also testified before DC City Council and successfully captured $10 million in property tax abatements which resulted in the construction of 400 units of affordable and market rate housing, some of the first in DC’s Ward 7 in decades.
Stefan has worked on behalf of several Fortune 500 companies in determining corporate headquarters locations, performing economic impact studies, and negotiating with government officials to structure public/private partnerships. Prior to real estate, Stefan worked in the hedge fund industry on several fundamental and statistical arbitrage trading strategies.
Stefan is on the Board of Directors of the Dupont Underground, an ambitious community-driven urban revitalization of abandoned subway tunnels in the center of one of Washington DC’s most prominent neighborhoods. He has been instrumental in steering the strategic direction of the project, which has been likened to New York City’s iconic High Line Park. Stefan is a past Governor, Treasurer, and member of the Executive Committee for the City Tavern Club, the last remaining 18th century Federal period tavern in Washington DC, which has played host to several US presidents. He led a complete renovation and repositioning effort and negotiated refinancing of the National Trust for Historic Preservation-registered property.
Stefan earned an MBA from the College of William & Mary in 2009 and a Bachelor of Business Administration from Seton Hall University in 2006, both with concentrations in finance. He is a LEED Green Associate and an active member of several real estate industry associations including the Urban Land Institute, NAIOP, CoreNet Global, and the National Building Museum.