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.
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.
Chief Investment Officer
Jordan Cohen is the Chief Investment Officer for TIMGMT. Mr. Cohen has over 15 years experience in real estate private equity, hedge funds and the capital markets. Most recently, he helped build a real estate private equity fund focused on hospitality assets in excess of $1B AUM with LP partners including Carlyle, Goldman Sachs, et al. Prior to, Mr. Cohen was a senior executive in Boston at a real estate private equity firm where he spearheaded efforts on the origination and capital markets side, growing the firm from $600M to over $2B deployed in bridge, mezzanine, and equity investments. Earlier in his career, Mr. Cohen gained experience in both acquisitions and portfolio management working with a private REIT/family office. Together, they deployed in excess of $4.2B alongside JV partners like Cerberus and Lubert Adler, including real estate investments in Albertsons, expanding the portfolio to over 18M sf of real estate. Mr. Cohen received his B.A. cum laude in Political Science from Tufts University and has completed additional coursework at Harvard Business School.
Chief Operations Officer
Strategic thinking real estate investment industry leader with proven expertise directing operations, supporting real estate investment, and development activities and asset / portfolio management across multiple sites for institutional owners and providers of capital. Successful at leading high-performance teams to analyze, underwrite and close equity investments and manage large portfolios of institutional quality assets generating high risk adjusted returns and profits. Strong analytical skills. Able to define and align business strategies, negotiation and project management skills to drive and maximize ROI, profitability, and cash flow to owners.
Senior Real Estate Analyst
University of Miami Coral Gables, FL School of Business: Bachelor of Business Administration – Major: Finance
Licensed in the State of Florida as a Real Estate Salesperson
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.
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.
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.
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.