What is TF Cornerstone?
Real estate company specializing in apartment rentals
Location
387 Park Avenue South, New York, New York 10016, United States
Product Features & Capabilities
- Luxury apartments in Manhattan, Brooklyn, and Long Island City
- Retail spaces in high-density locations
- Office spaces with various amenities
Investment Focus
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.
Assets Under Management
$8 billion
Investment Geography
TF Cornerstone primarily invests in geographical regions including New York City, Washington, D.C., Boston, Atlanta, Dallas, and other major areas across the nation.
Key Portfolio Companies
- 230 Park Ave South, Flatiron, New York, NY - A notable office building in the Flatiron district.
- 387 Park Ave South, NOMAD, New York, NY - Significant office space located in the NOMAD area.
- Carnegie Hall Tower, Plaza District, New York, NY - An architecturally-renowned building.
- 1620 Eye Street N.W., Golden Triangle, Washington, D.C. - A prominent office location in D.C.
- 1101 Fifteenth Street N.W., Midtown, Washington, D.C. - A key office building in the Midtown area.
- 1156 Fifteenth Street N.W., Midtown, Washington, D.C. - Another important office space in Midtown.
- The Gallup Building, Penn Quarter, Washington, D.C. - A notable office building in the Penn Quarter.
- 2121 K Street N.W., Golden Triangle, Washington, D.C. - A significant office property in the Golden Triangle.
- 1090 Vermont Avenue N.W., Midtown, Washington, D.C. - An additional office space in Midtown.
- The Commons at Reston Station, Reston, VA - A key office property located in Reston.
Notable Exits
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.
Recent Fundraising
$725 million
Management Team
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
Other Considerations
Active in property development and management; Employs between 251-500 people; Founded by Fred and Tom Elghanayan
HQ Full Address
387 Park Avenue South, New York, New York 10016, United States