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.

Stephen Braun

Head of Acquisitions

Stephen has more than 25 years of experience in real estate and finance. Prior to joining TIM, Stephen was Chief Financial Officer and Chief Operating Officer at Fifteen Group and service as Senior Vice President of J.I.Kislak, Inc (“Kislack”) a multifaceted operating and holding company that invests on behalf of the Kislak family. In his role at Kislak he oversaw real estate and other strategic investments for the 113-year-old company including the acquisition of over $650 million of multi-family and other real-estate assets throughout the United States, as well as the disposition of more than $400 million in assets, and the origination and refinancing of more than $500 million in property-level debt. Prior to joining Kislak, he worked at Kirdland Investors, KPMG and JMB Realty Corporation. Stephen served on the Board of FSU Center for Real Estate Education and Research.

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 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.

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.

Chris MacConnell

Controller and Head of Asset Management

Chris MacConnell is the Controller for Transcendent Investment Management. Chris is involved with all aspects of financial reporting and asset management. Chris has extensive experience in audit, financial reporting, tax, due diligence, advisory and consulting services for various companies, not-for- profits and governmental entities. Prior to joining Transcendent Investment Management, Chris was the Controller of the Fifteen Group, where he oversaw accounting and financial reporting of their diversified real estate and investment holdings. Chris severed in numerous supervisory roles within The Schonbraun McCann Group and Freed Maxick & Battaglia CPAs (RSM McGladrey). Chris received his Bachelor of Science in Accounting and Economics from Fredonia State University of New York.

Jorge Aldecoa

Vice President of Property Operations

Mr. Aldecoa has more than 12 years of experience in residential and commercial real estate. Mr. Aldecoa’s experiences include acquisitions, dispositions and asset management of income producing properties. Mr. Aldecoa recently served as COO for Capital American Realty Partners and South Regional VP for Invitation Homes where he managed 4,800 units valued in excess of $1 billion USD. Mr. Aldecoa earned his BS at Florida State University.

© Transcendent Investment Management 2020