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Ten Capital Management’s acquisition of Valley Creek Corporate Center featured in Commercial Property Executive

On June 12, coverage of Ten Capital Management’s acquisition of Valley Creek Corporate Center appeared in Commercial Property Executive.  The three Class A office buildings are located in a strong submarket, with 95% occupancy, long-term leases and attractive cash-on-cash returns. Commenting on the transaction, Paul DiSandro, a TCM Partner and Portfolio Manager, said, “Valley Creek has consistently been a top-performer in the market and provides the opportunity to acquire an institutional quality property at a significant discount to replacement cost in a strategic location.” Ben Adams, TCM’s CEO, adds, “We continue to stay focused and disciplined in buying excellent real estate at fair prices, and on providing an appropriate margin of safety that leaves our investors well-positioned to outperform through market cycles.” To read the full article click here.

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Investors chase suburban-core deals as Millennials trickle out of cities

Ben Adams, CEO of Ten Capital Management was featured in an article this month by Sondra Campanelli of Real Estate Finance & Investment titled Investors chase suburban-core deals as Millennials trickle out of cities. The article interviewed prominent commercial real estate investors about the opportunities in suburban-core as Millennials look to trade their rent payments for mortgages.  Adams says in the article, “We have tended to focus in affluent suburbs of ‘gateway cities’ in close proximity to public and private transportation. These suburbs tend to be characterized by high household incomes, high residential property values as well as high levels of educational attainment and comparatively low crime rates.”  Adams added, “When they (Millennials) do decide to form households, our hunch is that many of them will not feel so comfortable raising a family in a really cool live/work/play micro-unit that offers below par public school options.” To read the full…

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Ten Capital Management acquires Stone Manor Corporate Center in Pennsylvania for USD19.75m

Real estate investment management firm Ten Capital Management (TCM) has acquired Stone Manor Corporate Center for USD19.75 million. The Property is located on 2600 and 2700 Kelly Road in Warrington, Pennsylvania and was purchased from Cornerstone Real Estate Advisors. Stone Manor is currently 100 per cent occupied and is comprised of two, three-story, Class A office buildings with a combined net rentable area of 121,535 square feet. Frontage along Easton Road (Route 611) affords Stone Manor immediate access to Route 202 and Interstate 276 (The Pennsylvania Turnpike), and subsequently provides the Property with exceptional linkages to Philadelphia, Trenton, and the northwestern suburbs of Bucks and Montgomery Counties. Stone Manor contains the amenities of two on-site hotels, a retail bank, and a full-service restaurant on a privately wooded, 31.9-acre campus just minutes from the most desirable neighbourhoods, school districts, and consumer attractions that Doylestown and Bucks County have to offer. Bucks…

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Ten Capital of Ohio Gets 121K-SF PA Office

Commercial Real Estate Direct Ten Capital of Ohio Gets 121K-SF PA Office June 29, 2016 Ten Capital Management has paid $19.7 million for Stone Manor Corporate Center in Warrington, PA. The Cleveland-based investor acquired the 121,535-square-foot office property from Cornerstone Real Estate investors. Located at 2600 and 2700 Kelly Rd., Stone Manor is 100% occupied. Frontage along Easton Road (Route 611) means the building has access to Route 202 and Interstate 276 (The Pennsylvania Turnpike), providing links to Philadelphia, Trenton, and the northwestern suburbs of Bucks and Montgomery Counties. “Stone Manor presents an opportunity to acquire an institutional-quality asset in a strategic location with good demographics and access to on-site amenities and nearby retail,” said Ben Adams, the CEO of TCM.

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Ten Capital inks deal for suburban Philadelphia office

Ten Capital inks deal for suburban Philadelphia office http://realestatefinanceinvestment.com/news/ten-capital-inks-deal-for-suburban-philadelphia-office/ Ten Capital inks deal for suburban Philadelphia Ten Capital Management has completed the acquisition of Stone Manor Corporate Center, paying seller Cornerstone Real Estate Advisors $19.75m for the property at 2600 and 2700 Kelly Road in Warrington, Pa. The company liked the asset given its proximity to Philadelphia as well as the ability to achieve consistent, risk-adjusted returns on a property that is fully leased and stabilized, said Ben Adams, ceo and founder. The Cleveland-based investment company, which looks to make equity investments of $10- 25m, could hold the property for five years or longer. “If our thesis is correct that demand will persist, while our initial business plan is for five years, we may have the flexibility to hold on for a much longer time,” Adams added. “We like the submarket and the demographics in the surrounding area.” The 121,535-square-foot,…

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Ten Capital Management Participates in Women’s Alternative Investment Summit in New York

Ten Capital Management Participates in Women’s Alternative Investment Summit in New York COO Carmela Guerrero addresses the opportunities and challenges in middle market real estate investing in a rising rate environment CLEVELAND, OHIO, November 11, 2015 – Carmela Guerrero, COO of Ten Capital Management, joined a panel of industry professionals for the 7th Annual Women’s Alternative Investment Summit, where she focused on opportunities and challenges in the real estate space in a potentially rising rate environment. The two-day conference designed to enhance networking, fundraising, and deal-making opportunities for senior-level women across the broad spectrum of alternatives, including private equity, venture capital, hedge funds, real estate, debt, infrastructures, and real assets, took place at the Pierre Hotel in New York City from November 5-6. Guerrero was part of a panel entitled “Can GPs Meet the Expectations of LPs Investing in Real Estate?” that included Meagan Nichols, Deputy Head of Global Investment…

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