About

Tenfold Real Estate Partners is a privately- owned development and investment company focusing on identifying residential, retail, office and mixed-use opportunities in vibrant locations proximate to strong job centers with good access to public transportation options. It seeks to extract hidden value through its deep capabilities in development, design, construction, finance, leasing and management to create valuable assets with a long-term view that also enhances communities and strengthens the local economy.

Understanding that real estate is no more resilient than its surrounding economy the firm generally seeks geographic locations with strong, growing and diversified industries (particularly the growing knowledge-based industries); trending population and job growth; and a strong housing market all within areas that possess barriers to entry to minimize competition including rigorous zoning standards and scarcity of land.  Integral to this strategy is identifying and evaluating property specific risks (idiosyncratic risks) and articulating clear plans and costs to mitigate them.

As part of its strategy, a focus on investments that exhibit at least one of the following identifiable characteristics  will be pursued:

• – Motivated sellers;
• – High degree of fragmentation with small market shares held by numerous operators;
• – Limited buyer pool and together with motivated seller creating inefficiencies in asset pricing;
• – Lack of institutional interest preventing asset price escalation;
• – Curable impairment resulting from financial, legal or physical constraints, deterioration or obsolescence and or environmental contamination;
• – High degree of variability in the quality of management skills among local operators allowing Tenfold to potentially acquire assets that are under managed to create value; and
• – Supply/demand imbalances or the potential for such imbalances.

Inherent in our strategy is the preservation of invested capital believing that creating as much value as possible coupled with conservative levels of debt financing is the best defense against risk of loss including systemic market risks like deteriorating fundamentals linked to macroeconomic factors.

In thinking about value creation, we seek to identify the unseen to achieve it or the less obvious factors that drive it.  This approach offers the promise of greater and longer lasting value with the added benefit of better protecting the investment.