TF Cornerstone Analysis

Provide modern rental apartments with fitness centers; Offer retail spaces to independent boutiques; Manage residential buildings with security systems; Develop commercial properties with fiber optic telecommunications; Construct office spaces with sound damping windows

TF Cornerstone's primary investment focus includes a diverse range of strategies such as public-private partnerships, land assemblage, residential, commercial, and mixed-use developments, as well as adaptive reuse projects and the repositioning of office and retail properties. Their investment strategy emphasizes long-term multi-generational ownership, visionary planning, and intensive asset management, aiming for long-term value creation through the acquisition, repositioning, and development of transformational real estate projects. They are involved in both residential and commercial sectors, indicating a comprehensive approach to real estate investment.

TF Cornerstone primarily invests in geographical regions including New York City, Washington, D.C., Boston, Atlanta, Dallas, and other major areas across the nation.

TF Cornerstone primarily focuses on real estate development and management rather than traditional private equity investments. Their key portfolio includes:

1. 230 Park Ave South, Flatiron, New York, NY: A notable office building in the Flatiron district.
2. 387 Park Ave South, NOMAD, New York, NY: Significant office space located in the NOMAD area.
3. Carnegie Hall Tower, Plaza District, New York, NY: An architecturally-renowned building.
4. 1620 Eye Street N.W., Golden Triangle, Washington, D.C.: A prominent office location in D.C.
5. 1101 Fifteenth Street N.W., Midtown, Washington, D.C.: A key office building in the Midtown area.
6. 1156 Fifteenth Street N.W., Midtown, Washington, D.C.: Another important office space in Midtown.
7. The Gallup Building, Penn Quarter, Washington, D.C.: A notable office building in the Penn Quarter.
8. 2121 K Street N.W., Golden Triangle, Washington, D.C.: A significant office property in the Golden Triangle.
9. 1090 Vermont Avenue N.W., Midtown, Washington, D.C.: An additional office space in Midtown.
10. The Commons at Reston Station, Reston, VA: A key office property located in Reston.

TF Cornerstone has made a notable exit by acquiring the company Industrious on January 14, 2025. The exit method was through acquisition, with the acquirer being CBRE Group. The valuation details for this exit are not disclosed.

The management team of TF Cornerstone includes the following individuals:

• Jake Elghanayan - Senior Vice President
• Lisa Wahl - Vice President, Human Resources
• Judith L - Compliance Manager
• Andrew Gerstein - Executive Vice President, Treasurer
• Margaret Allen-Nieves - Vice President Residential Leasing
• Henry Lo - Chief Technology Officer
• Ken Houle - Vice President

Active in property development and management; Employs between 251-500 people; Founded by Fred and Tom Elghanayan