Arsenault’s Real Capital Solutions continues office buying spree with Virginia purchase

Arsenault's Real Capital Solutions continues office buying spree with Virginia purchase
June 13, 2025
By Lucas High, BizWest

LOUISVILLE - Real Capital Solutions Inc., the Louisville-based real estate portfolio company run
by Marcel Arsenault, continued execution of its months-long office acquisition strategy with a
recent purchase of two buildings in Northern Virginia.

The investment group spent $57.1 million at a court-appointed receivership sale to buy Tysons
Pointe, which totals 373,617 rentable square feet. The buildings are 75.25% leased to 28
tenants, according to RCS.

Over the past year or so, RCS has bought roughly $210 million worth of office spaces around the
country. Real Capital Solutions plans to spend as much $2 billion on offices over the next two to
three years.

"The current national office opportunity is enormous and represents our third rodeo,"
Arsenault said in a prepared statement. "We acquired distressed office during the (savings and
loan crisis era) and the Global Financial Crisis. However, buying office properties in today's
distressed market requires considerable expertise to win the leasing wars. Our teams have the
proven track record. We also have the critical capital to continue winning tenants in today's
highly competitive market."

For the past several years, Arsenault has been saying that distressed commercial real estate
assets will be increasingly ripe for the picking by savvy investors. The company is betting that
the market is close to rock bottom and that there are bargains to be found.

"We think that in a year or two there will be many opportunities, particularly in distressed real
estate," Arsenault told BizWest in a 2023 interview.

Once commercial real estate bottoms out, "we'll turn the switch and become very aggressive
buying real estate at a good price. But right now prices are falling and, in our belief, prices
won't stop falling for at least another year or two," Arsenault said in 2023. "You don't want to
catch a falling knife, as they say. Right now, safety is the word. But as soon as the market hits
bottom, then we'll file in."