Leaving Tidewater Douglas headed to Blacksburg, Virginia to attend Virginia Polytechnic Institute, where he graduated with a B.S. in Business. He then went on to earn an MBA in Finance and Real Estate from The American University in Washington, D.C., where he was a Society of Real Estate Counselor’s Fellow. He later served as a member of the Advisor Board of the Kogod School of Business at The American University.
It was his work in multifamily real estate finance that took him frequently to the west and reacquainted his hand with the fly rod. A fishing trip with a mortgage banking client and expert fly angler, reset the fly fishing hook. During the next 15 years he fly fished on most of the major, and many of the minor, trout waters in the Eastern and Western United States. He also traveled international in pursuit of Bone Fish, Permit and other salt water species.
His real estate finance work culminated in being part of the senior management team that took Washington Mortgage (NASDAQ WMFG) public and subsequently sold the company to Prudential Insurance Company (NYSE PRU). Douglas resigned from Prudential as the Managing Director in charge of National Multifamily Originations to found Chesapeake Ventures LLC. Chesapeake is a private investment company, focused on investments in farm / recreational land development, income producing real estate and other business interests. At the same time Douglas purchased the land for Rose River Farm, creating trout fly fishing preserve that is located in the Charlottesville, Virginia area. In 2011 luxury rental cabins were added creating a full service fishing destination.
Through his ownership of the Farm, with its prime trout water, Douglas was made aware of a Retired Navy Captain (Ed Nicholson) who wanted to take a few injured soldiers from Walter Reed fly fishing. “My Grandfather was a West Point graduate and career Army Officer so the military has always been very important to my family. When I heard about these wounded warriors in need of a place to fish I was very excited and wanted to help in every way possible.” It was through this association with the “Captain” that Project Healing Waters became a major focus for Douglas leading to, at Ed’s request, his acceptance of the Board Chairmanship.
As the Chairman of the Board and founding Trustee of Project Healing Waters Fly Fishing Inc, and now Chairman Emeritus,. Douglas has been involved in all aspects of growing the organization that is dedicated to helping current armed service members and Veterans rehabilitate their injuries through fly fishing and fly tying. The program has gone from serving strictly Walter Reed to now working with over 170 major Armed Service Medical Centers,VA Hospitals, and Warrior Transition Units nationwide. In 2011 Douglas was recognized a LL Bean National Outdoor Hero for his work with PHWFF.