Emails Show Epstein Pitched on $387M Pentagon Real Estate Deal After 2008 Conviction

Disgraced financier Jeffrey Epstein received a proposal to purchase buildings leased by the Pentagon, FBI, and U.S. courts years after his 2008 conviction.

Published on Feb. 27, 2026

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Newly uncovered emails reveal that convicted sex offender Jeffrey Epstein was pitched a $387 million real estate deal in 2016 involving buildings leased by the Pentagon, FBI, and U.S. courthouses. The proposal came years after Epstein's 2008 conviction for soliciting prostitution from minors, raising questions about his continued business dealings with powerful entities.

Why it matters

The revelation that Epstein was courted for a major real estate deal involving key government agencies and facilities, despite his criminal record, underscores the disgraced financier's ability to maintain connections and access to influential circles even after his conviction. This raises concerns about potential conflicts of interest and the vetting processes for government real estate contracts.

The details

The 2016 email exchange shows that David Stern, an intermediary between Epstein and Prince Andrew, forwarded a proposal from Jonathan Fascitelli of International Government Properties (IGP) to Epstein. The proposal detailed an opportunity to purchase the Pentagon Center complex in Arlington, Virginia, which has been solely leased to the Department of War since 1993. The $387 million deal would have required $116 million in equity and generated $27 million in net operating income. The email chain also revealed a prior 2015 discussion where Fascitelli pitched Stern on acquiring two FBI buildings and various U.S. courthouses.

  • In June 2008, Jeffrey Epstein pleaded guilty to soliciting prostitution of minors and served 18 months in jail.
  • In 2015, the GSA renewed the Department of War lease on the Pentagon Center complex through 2025.
  • In 2016, Epstein received the real estate proposal involving the Pentagon Center and other government-leased properties.

The players

Jeffrey Epstein

A disgraced financier who was convicted of soliciting prostitution of minors in 2008.

David Stern

An intermediary between Epstein and former Prince Andrew.

Jonathan Fascitelli

The founder and chairman of Seregh, and the former CEO of Harris Blitzer Sports & Entertainment Real Estate. He led the proposal to Epstein.

International Government Properties (IGP)

The real estate firm that pitched the $387 million deal to Epstein.

Department of War

The government agency that has solely leased the Pentagon Center complex since 1993.

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What’s next

The details of this proposal and Epstein's involvement will likely face further scrutiny and investigation to determine if any improper influence or conflicts of interest were present.

The takeaway

This case highlights the need for rigorous vetting processes and ethical standards when it comes to government real estate contracts, especially when dealing with individuals with criminal histories like Jeffrey Epstein. It raises concerns about the potential for corruption and the ability of disgraced figures to maintain access to powerful institutions.