# B.F. Saul Company

B.F. Saul Company is a Single Family Office based in Bethesda, United States.

## Overview

- **Organization type:** Single Family Office
- **Headquarters:** Bethesda, United States
- **Region:** North America
- **Address:** Bethesda, MD, United States
- **Founded:** 1892
- **Assets under management:** Undisclosed
- **Website:** bfsaul.com
- **LinkedIn:** https://www.linkedin.com/company/b.-f.-saul-company

## Regulatory record

- **Reports private funds:** No

## About

B.F. Saul Company was founded in 1892 when a 19-year-old B. Francis Saul opened a real estate and insurance business in a then-sleepy Washington, D.C. Over 130 years later, under the leadership of Chairman and CEO B. Francis Saul II, the firm operates as the family's principal investment vehicle. Its wealth originates from a century of real estate development, mortgage banking, and hospitality investments concentrated in the greater Washington, D.C. area. The firm pursues a concentrated direct-investment strategy across commercial and residential real estate, property management, and hospitality. Its portfolio includes trophy assets such as The Hay-Adams Hotel, The Kennedy-Warren apartment building, and the mixed-use development The Waycroft in Arlington, Virginia. The family also controls Saul Centers, a publicly listed REIT, and maintains a major leasing and commercial insurance division. Its geographic focus remains deeply rooted in North America, with multiple properties spanning Washington, D.C., Maryland, and Virginia. The firm is entirely privately owned and does not disclose assets under management. Its scale is inferred from a multibillion-dollar portfolio of long-held Class A properties. The next generation is active: B. Francis Saul III founded Saul Investment Group and Saul Urban, separate ventures that reflect the family's ongoing commitment to urban infill and operating businesses. The Saul family also maintains a private corporate jet and a significant art collection, alongside a suite of professional club memberships in the capital region. B.F. Saul Company's structural differentiator is its embedded public-private hybrid. By holding a controlling interest in Saul Centers while running a private family office, the firm can tap public debt markets and maintain permanent capital simultaneously — a dual-track structure uncommon among pure single-family offices. This architecture has enabled multi-decade holds on trophy assets like The Hay-Adams, insulating the portfolio from forced-sale cycles that dictate behavior at more traditional real estate investment managers.

## Sectors

- Real Estate
- PropTech

## People

- B. Francis Saul II — Chairman and CEO
- B. Francis Saul III — Founder, Saul Investment Group and Saul Urban

## Questions

### Who runs investment decisions at B.F. Saul Company?

B. Francis Saul II serves as Chairman and CEO and directs investment decisions. B. Francis Saul III manages separate vehicles focused on investment and urban development.

### Does B.F. Saul Company participate in fund commitments or only direct deals?

The firm executes direct ownership, development, and acquisition of real estate assets. It does not commit capital to external funds.

### What investment stages does B.F. Saul Company typically target?

The firm targets acquisition and development stages in commercial real estate and hospitality.

### Does B.F. Saul Company maintain philanthropic structures?

The firm oversees the Bernard & Ella Saul Foundation and the Saul Foundation for Progress, Inc.

### How does B.F. Saul Company source proprietary deal flow?

Sourcing occurs through long-standing relationships in the Washington, D.C. real estate market and memberships in local clubs including the Metropolitan Club and Alibi Club.

### Is B.F. Saul Company structured as a single family office?

Yes. It functions as the single-family office for the Saul family with direct control over real estate holdings and related vehicles.

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Last updated: 2026-08-10T15:54:10.904Z

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