OUR EDGE

The right asset. The right region. The right time.

TIM currently has over $250mm in AUM spread across nearly 1,200 units making it among the top 20 owners in the US by portfolio size.

TIM’s wholly owned, vertically integrated subsidiary, BUSB (fka Build US Back), provides property management, brokerage and construction management, all of which allows for greater operational efficiencies and outsized returns for TIM’s investors.

Investors approach our asset class and strategy with a wide range of estate planning objectives that have benefited by the structure of our vehicles and the nature of the asset class. Our homes are owned fee simple by the investors via a single purpose entity and provide full tax and depreciation benefits to their owners; are easily divisible based on number of units or value.

In generational estate planning, as asset are passed to the next generation, the benefits of direct ownership and control pass with them. Assets can be held in accordance with owner’s timelines and financial requirements.

TIM has significant experience in the Single Family Residential asset class as one of the first large scale investors, dating back to the great recession when TIM purchased over 6,000 homes at deep discounts via multiple channels including auction, tax lien foreclosures and REO purchases.

In 2014, sensing a mature and overbought market, TIM shifted its strategy from buying via its traditional channels to bulk buying new and warrantied units at discounts from large US homebuilders.

In 2019 TIM launched its Build for Rent (BFR) business creating purpose-built fully amenitized communities of single family and attached townhome product. The BFR platform is in partnership with a large US homebuilder.

OUR TEAM

Jordan Kavana

Founder & Chief Executive Officer

Jordan established Transcendent Investment Management in 2008 to lay the foundation for his vision of a data-driven real estate investment platform in the single-family residential space to capitalize on what he saw as clear opportunities created by the distressed U.S. real estate market of the time. After further developing his proprietary ERP solution, TIAS ResiPro ™, Jordan formed the firm’s vertically-integrated Build US Back® line of companies as its operating platform to research, select, acquire, renovate, rent and, at the right time, resell properties in-house; becoming the subject of a 2014 Harvard Business School case study entitled, "Build U.S. Back: Opportunities in the U.S. housing market."

 

Prior to launching Transcendent, Jordan successfully formed and grew an international high-tech toy company in Hong Kong and China, which he sold in 2003 to return to the U.S. and co-found JL Real Ventures, a private equity fund that assembled a portfolio of multi-family properties in the Southeastern United States.

 

Jordan earned his B.A. in Hospitality Management and Finance from Florida International University, pursued graduate-level studies in real estate finance at Harvard University and is a graduate of Harvard Business School’s OPM program. He served as a trustee on the Florida State Pension Plan Board, which oversees $127.8 billion in total assets and currently serves on the Advisory Board for Aviator Capital Management, a full service commercial passenger aircraft leasing and management firm based in Miami, Florida.

 

Most recently, Jordan received inclusion into Latin Trade’s TOP 100 Most Powerful Businesspeople listing of 2017.

Adam Wolfson

Chief Investment Officer

Mr. Wolfson has over 17 years of real estate experience including development, acquisitions, leasing and advisory work. Working both entrepreneurially and with various established entities including Wharton Equity Partners and Exan Capital, Mr. Wolfson has been involved in transactions totaling over $1 billion USD and 2 million square feet across most major asset classes. Mr. Wolfson earned his Masters in Business Administration from the George Washington University and his Bachelor of Arts from the University of Michigan, Ann Arbor. He resides in Miami with his wife and children and is active in the community including his service to Miami Neighborhoods United.

Jim Driscoll

Executive Director of Acquisitions and Asset Management

James Driscoll, Executive Director of Acquisitions and Asset Management, leads Transcendent Investment Management’s SFR acquisition and portfolio asset management efforts across the platform. Mr. Driscoll has more than 25 years of experience leading teams in the development of residential and mixed-use properties across the country. Previously, he held senior positions as Senior Vice President of Development at Waypoint Residential where he led the company’s development efforts in the Mid-Atlantic and Northeast, as well as at LCOR, M/I Homes, K. Hovnanian Homes and Archstone. Mr. Driscoll holds a B.S. in Finance from the University of Maryland and is a member of Urban Land Institute and National Association of Homebuilders.

Lisa Sabrin

Chief Administrative Officer

With over 20 years of industry experience, she leads the day-to-day administration of Build US Back® Companies’ property management operations. She is also responsible for managing key administrative functions of the firm, including, but not limited to; hiring, on-boarding, compensation, benefits, training and development.

David Srour

Chief Operating Officer

David Srour is the Chief Operations Officer for TIM. Mr. Srour has over 25 years of real estate experience including operations, consulting, and advisory work. A significant amount of this experience is concentrated in the property management and back-office operations of vertically integrated real estate firms. Mr. Srour specializes in operations management, real estate-focused technology, and process improvement. His prior work experience includes management consulting and leadership at a national real estate-focused consulting firm as well as serving Chief Operating Officer and board member for a public technology company, and as Senior Director of IT at a leading public REIT.  He held positions of Senior Manager with KPMG Consulting and Manager with Ernst & Young Kenneth Leventhal, both focused on consulting to the real estate industry.  Mr. Srour earned his Bachelor of Science degree from the Whitman School of Management at Syracuse University.

Jorge Aldecoa

Vice President of Property Operations / Managing broker for Build US Back Realty

Mr. Aldecoa has more than 12 years of experience in residential and commercial real estate.  An expert in repositioning destressed property, Mr. Aldecoa’s experience includes the acquisition, disposition and asset management of income producing assets. Mr. Aldecoa recently served as COO for Firm Capital American Realty Partners whereby he led the repositioning and disposition of $100 million in single family and multifamily assets.  Mr. Aldecoa also previously served as the Regional Vice President for Invitation Homes South Florida.  In this role, Mr. Aldecoa led the Lease up and management of 4,800 single family units valued in excess of $1 billion USD.  Mr. Aldecoa earned his BS at Florida State University, is an Accredited Commercial Manager through IREM, and holds a Florida Real Estate Broker License.

Kimmi Stultz, PharmD

Director of Nutrition and Community Engagement, Clean Living Health & Wellness

Kimmi Stultz PharmD completed her pharmacy doctorate degree from Nova Southeastern University. She has also completed post graduate training in clinical nutrition and herbal pharmacology and therapeutics. Her practice of medicine connects her pharmacy training to her passion for optimal nutrition, exercise, sleep and mindfulness at every stage in our lives. Moreover, with her family background from Vietnam, Kimmi has always had a special connection between western and eastern perspectives, and thus a unique approach to bridging modern and traditional approaches. Her time spent in clinical practice was foundational to drive innovation through creating metabolic health programming utilizing food, nutraceuticals, herbs and botanicals.Kimmi is the founder of Juicery Rx, a culinary medicine eatery that blends the art of food and cooking with the science of medicine. The concept is designed to focus on plant-centric nutrition based on whole foods. She currently leads the research and new development process and formulates new wellness products. She is a wellness entrepreneur sought out to develop clinical, educational, and research initiatives designed for physicians, pharmacists, nurses and other health care professionals in nutrition and culinary medicine to achieve better health outcomes. She has landed coverage in print, broadcasts and contributes to numerous wellness and lifestyle sites including NBC6, Better Homes & Gardens, Business Insider, Thrive Global, MindBodyGreen and Readers Digest

Dr Malav Trivedi 

Director of Nutritional Research & Development, Clean Living Health & Wellness

Dr. Trivedi is an Assistant Professor in the Department of Pharmaceutical Sciences at Nova Southeastern University, Florida, with nearly 12 years of experience in Nutrition with underlying mechanistic implications in Neuroscience and Epigenetics. He has received funding for his work from both private and not-for-profit organization as well as National Institute of Health and Department of Defense.  He also serves on advisory board and has consulted for FMCG industry, nutritional and supplement industry around commercial / R&D strategy,  and Intellectual property portfolios.

Dr. David Mastropietro

Director of Personalized Formulation & Experience, Clean Living Health & Wellness

Dr. David Mastropietro is an assistant professor of pharmaceutical sciences at Nova Southeastern University and a practicing pharmacist with over 19 years of clinical experience practicing in diverse settings. His academic role involves teaching the art of pharmacy compounding and the science of formulation development using classroom and laboratory instructional methodologies that enhance the learning environment. Dr. Mastropietro has published research and expert opinion articles related to pharmaceutical polymers and novel formulation strategies, including abuse-deterrent formulations. He has also co-authored book chapters related to dosage form design and drug delivery. More recently, Dr. Mastropietro has expanded his expertise into the regulation and quality control of nutraceutical products and their compounded preparations.

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© Transcendent Investment Management 2020