B. F. Saul Company
| Industry | Real Estate |
|---|---|
| Founded | 1892 |
| Headquarters | Bethesda, Maryland |
| Website | www |
B. F. Saul Company is a large, private real estate firm based in Bethesda, Maryland. The company owns and manages several properties in the Washington metropolitan area and one property in Fort Lauderdale, Florida including 20 hotels. Notable properties include the Hay-Adams Hotel and the Kennedy-Warren Apartment Building.
The company is an affiliate of Saul Centers, Inc., a public company and real estate investment trust that is a component of the S&P 600 index.
On December 1, 1892, at the age of 19, Bernard Francis Saul founded Saul Company in Washington, D.C. Saul Company became a successful mortgage bank and developer. Within 8 years of starting the firm, B. Francis Saul founded the Home Savings Bank and soon after merged it with the American Security and Trust Company. Saul Company became B. F. Saul Company.
In 1969, Bernard Saul II founded Chevy Chase Bank. That same year, the B.F. Saul Real Estate Investment Trust became a public company via an initial public offering.
In 1931, the company acquired the Kennedy-Warren Apartment Building after its prior owners went bankrupt during the Great Depression.
In 1976, the hotel division was founded.
In 1983, it was reported that the company serviced a $2 billion in mortgages and originated another $500 million in mortgages annually.
In 1988, the company took B.F. Saul Real Estate Investment Trust private.
In 1993, Saul Centers, Inc. was formed to hold much of the company's real estate assets and became a public company via an initial public offering.
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