Nihar Shah

Vice President at Perseus TDC
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Nihar K. Shah serves as a Vice President of Development in Washington DC. He is responsible for the financial health and execution of development projects, sourcing new deals, and structuring capital.

Nihar has led the development, management of sales and leasing operations, and the dispositions of more than 2.5M square feet of real estate across mixed-use, hospitality, multi-family, condominium, and town home product types valued over $1B across 12 different projects. In addition, he has sourced over $600M of product in the Greater Washington DC area.

Nihar started his foray into the industry working in project management for general contractors, where he managed the construction of data centers, government facilities, and mixed-use apartment communities.

Nihar is a co-chair for ULI Washington’s Housing Local Product Council, a member of the Community Development Product Council within ULI Americas and is an active member of DCBIA’s Public Policy Committee. Internally within Transwestern, he is a National Training Committee member for the company’s Diversity, Equity and Inclusion Program.

He is a veteran of the United States Air Force and separated as a Captain after serving in Operation Iraqi and Enduring Freedom.

Nihar holds an MBA from the McDonough School of Business at Georgetown University and a BS in Electrical Engineering from Boston University.

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  • “We thought it is in a fantastic location close to public transportation, retail and amenities to be a compelling conversion from an older office product to a new multifamily development,” Shah said. “Because we are replacing a more than 70-year-old building, it will be more sustainable for our environment and future generations.”

    6 April 2022
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