Turnbridge Equities is privately-held, vertically-integrated real estate investment and development firm with offices in New York, Los Angeles, Washington, DC, Miami, and Austin. Turnbridge makes certain real estate investments through its SEC registered investment advisor, Turnbridge RE Fund Management Company I LLC. Turnbridge’s full service platform and extensive relationships enable Turnbridge to acquire, develop, reposition, and operate real estate and generate value for its investors and partners. Turnbridge and its principals seek to bring high levels of creativity and thought leadership to drive the results of each of its investments. With a track record of implementing successful investment strategies, Turnbridge has capitalized on emerging trends and monetized value in advance of market shifts.

Our Story

Turnbridge is built on a tenacious passion for real estate investing, and exhaustive resourcefulness to sourcing and executing real estate investments, and a resolute focus on executing the firm’s strategies on a daily basis. Turnbridge has established a reputation as a transparent, high-integrity firm with a strong track record of success. Since inception, Turnbridge has developed a track record of over $700 million in total capitalization in all asset classes, while its leadership team has completed over $25 billion in aggregate transaction volume throughout their careers with leading real estate developers, institutional investors and financiers.

Our Strategy

Turnbridge’s approach is driven by our vertical integration, strategic vision and focus on execution. We believe that our success hinges on careful market selection, strong sourcing capabilities, comprehensive due diligence, detailed financial analysis, and methodical execution.  Our disciplined investment approach includes ground-up development and repositioning opportunities in assets with significant value-add potential, while we always focus on managing downside risk. Our investment strategies are informed through macro-economic and demographic research, coupled with detailed local market knowledge and relationships.

Our Values

Above all else, Turnbridge values honesty and integrity.

Turnbridge is intently focused on building and enhancing long-lasting relationships and creating new partnerships.

Turnbridge looks to add value to its real estate investments through its passion, hard work, experience and creativity.

Portfolio

Team

Darrell Arevalo

Managing Director, Development & Construction
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Darrell Arevalo
Managing Director, Development & Construction

Darrell Arevalo has over 20 years of construction experience in the heavy civil, commercial, and residential markets.  At Turnbridge Equities, Darrell is responsible for the execution of development projects across the US.  Prior to joining Turnbridge Equities, Darrell served as Director of Operations at Zachry Construction Corporation for four years.  At Zachry he was responsible for management and oversight of operations for all vertical construction.  His duties included development, acquisition, and execution of projects as well as overall business unit strategy and career development of employees.  Prior to joining Zachry, Darrell worked throughout New York City and the Mid-Atlantic states for firms such as Plaza Construction, L+M Development Partners and Kiewit.  Darrell holds a B.S. in Civil Engineering from The Pennsylvania State University.

Jason Davis

Managing Director
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Jason Davis
Managing Director

Jason is responsible for sourcing and executing investments across asset classes and the Company’s markets. Throughout his career, Jason has participated in more than $14 billion in real estate transaction volume. Prior to joining Turnbridge, Jason was a Senior Vice President at MRP Realty, where he led teams responsible for the acquisition, capitalization, and asset management of office, residential, and industrial properties, including value-add and ground-up development investments, in both New York and Washington, DC. Prior to joining MRP he worked on the investments team of H/2 Capital Partners, an institutional investment manager, where he focused on acquisition and origination of performing and distressed commercial real estate loans nationally. Prior to H/2, Jason was an investment banking analyst at Lehman Brothers. He received his M.B.A., with a concentration in Real Estate, from Columbia Business School and his B.A., cum laude, in Urban Studies from Williams College. Jason is an active member of the Urban Land Institute and is a committee chair of the Washington, DC district council.

Eli Eisenstadt

Senior Associate, Development & Construction
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Eli Eisenstadt
Senior Associate, Development & Construction

Eli Eisenstadt is involved in all aspects of the firm’s development and construction activities. Eli joined Turnbridge after working as an Assistant Project Manager with CM&D, a New York-based owner’s rep firm, where he led the development and new construction of three branded high-rise hotels in Manhattan. Eli’s daily responsibilities at CM&D included scheduling, cost estimating, project accounting, design review / coordination, obtaining permits and occupancy certificates, as well as hotel opening operations. Eli earned his Master of Science degree in Construction Management from New York University and Bachelor of Science degree in Civil Engineering from the University of Miami.

Michael Gazzano

Managing Director
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Michael Gazzano
Managing Director

Michael oversees the acquisition and development of all investments on the West Coast for Turnbridge.  Prior to joining Turnbridge, Michael was Vice President of Development for Caruso, one of the largest privately-held development companies in the country. At Caruso, Michael worked on acquisitions, entitlements, design, leasing, construction, and financing of various projects, including Palisades Village, Rosewood Miramar Beach Resort, 333 La Cienega, 8500 Burton Way, San Vicente, and The Americana at Brand. Before Caruso, Michael worked in the Global Real Estate Group for The Walt Disney Company. He started his career with C.W. Driver, a large General Contractor, where he worked on several projects in Southern California. Michael earned his Master’s degree in Real Estate Development from the University of Southern California and his Bachelor’s degree in Urban Planning and a Minor in Civil Engineering also from the University of Southern California.  Michael is a member of ULI and a Board Member for the USC Price Real Estate Advisory Board and Co-Chair of the USC Price Real Estate Alumni & Affiliates.

Tim Heise

Director, Asset Management
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Tim Heise
Director, Asset Management

Tim is responsible for the Company’s asset management activities across all markets and asset classes, including managing tenant relationships, executing capital programs, and overseeing property management. Prior to joining Turnbridge, Tim was a Property Manager at MRP Realty. He led a nine-person team responsible for the operation and management of office and industrial assets in New York, Washington, and Philadelphia, totaling over two million square feet. During his tenure at MRP Realty, Tim managed assets and executed capital improvement programs on behalf of several leading institutional partners, including AEW Capital Management, DWS, Goldman Sachs, J.P. Morgan, Long Wharf Capital, and Walton Street Capital. Prior to joining MRP Realty, Tim worked at CBRE. Tim received his B.A in Psychology from The Catholic University of America.

Andrew Joblon

Founder/Managing Principal
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Andrew Joblon
Founder/Managing Principal

Andrew Joblon is a Managing Principal and founder of Turnbridge Equities and is responsible for the overall operations and management of Turnbridge, as well as overseeing the origination, structuring and asset management of all of Turnbridge’s investment activities. Prior to founding Turnbridge in 2014, Andrew was a Senior Vice President at Fisher Brothers, an owner/operator headquartered in New York City with holdings in excess of 8 million square feet. Andrew was actively involved in all areas of the firm’s acquisition, financing and new development activities. His primary responsibilities included sourcing, structuring, capitalizing, and strategizing the firm’s real estate projects in the United States. Prior to joining the firm in 2006, Andrew was a Financial Analyst in the Structured Finance Group at CWCapital. Andrew holds a B.B.A with a concentration in Finance from the School of Business at The George Washington University.

Matthew King

Director, Acquisitions & Development
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Matthew King
Director, Acquisitions & Development

Matthew joined Turnbridge from CIM Group, a $20 billion real estate private equity fund that manages across the risk spectrum, and with a focus on urban locations within top MSAs. At CIM, Matthew was involved in all aspects of the firm’s investment, development, and asset management activities; and closed over $550 million of new acquisitions and credit investments, in addition to $485 million of asset and corporate financing facilities. Before joining CIM, Matthew was an investment analyst at LNR, where he underwrote over $1.2 billion of securitized CMBS credit, collateralized by all product types spanning markets across the country. Matthew holds a Bachelor of Science degree in Building Construction from the University of Florida, with minors in Business and Real Estate.

Ryan Nelson

Managing Principal
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Ryan Nelson
Managing Principal

Ryan oversees the Company’s acquisitions, operations, and asset management activities. Prior to joining Turnbridge, Ryan was a Managing Director for MRP Realty, where he was responsible for opening their New York City office and successfully building a multi-strategy portfolio, with multiple, institutional partners. Previously, he was a senior vice president of acquisitions and development, with Sherwood Equities where he spent eight years and was responsible for sourcing, underwriting, and managing Sherwood’s acquisitions and development projects in New York City, totaling over $1 billion in transaction volume. Prior to joining Sherwood, Ryan was a partner with Champion Partners in Dallas, Texas, and prior to joining Champion, he was a project manager with Turner Construction. Ryan received his M.B.A. from the McCombs School of Business at the University of Texas in Austin and his B.S. in Construction Engineering from Iowa State University. Ryan is a Council Member on the Urban Development Mixed Use Council (Red Flight) for ULI.

Elie Norowitz, CPA

Chief Financial Officer
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Elie Norowitz, CPA
Chief Financial Officer

Elie is responsible for leading the financial management of Turnbridge’s investments (funds and properties) and overseeing reporting to investors, banks, and other stakeholders. Prior to joining Turnbridge, Elie was the Controller for 54 Madison Partners, a New York City based real estate private equity investment vehicle, where he was responsible for all finance, operations, and accounting functions for their real estate fund and properties. Prior to that, Elie worked for Och-Ziff Real Estate, where he focused on finance, accounting, operations, and asset management functions for their real estate investments. He started his career with KPMG LLP, where he managed financial statement audits of private equity firms. Elie received his Bachelor of Science in Accounting from Touro College and is a Certified Public Accountant (CPA).

Roger Plourde

Principal
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Roger Plourde
Principal

Since joining Turnbridge, Roger has played a lead role in the firm’s new acquisitions, leasing, management, pre-development, design, and construction of its various development projects, as well as organizational strategies. Prior to joining Turnbridge, Roger worked with the Ackman-Ziff Real Estate Group, where he participated in the execution of the firm’s debt, equity, and sale transactions in all asset classes. Roger earned his Bachelor of Science degree from the Alfred Lerner School of Business and Economics at the University of Delaware. Since graduating, Roger has been a frequent guest lecturer at UD on the subjects of real estate and finance.

Kevin Tiseo, P.E.

Director, Development & Construction
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Kevin Tiseo, P.E.
Director, Development & Construction

As Director of Development & Construction at Turnbridge Equities, Kevin oversees all development investments after acquisition and is the point person for all construction activity. He interfaces regularly with capital partners, operating partners, lenders, as well as project design & construction teams. Prior to joining Turnbridge, Kevin was a Project Manager with CM&D, a New York-based owner’s rep firm, where he led the development of over $400 million in ground-up construction, primarily focused on branded select-service hotels in Manhattan. Kevin is licensed as a Professional Engineer in the State of New York and holds a Bachelor’s Degree in Civil Engineering from the University of Delaware.

Dan Triana

Associate, Development & Construction
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Dan Triana
Associate, Development & Construction

Dan is involved in management of the firm’s active development and construction projects. Prior to joining Turnbridge, Dan was an Associate with the LeFrak Organization, where his responsibilities included cost estimating and project management for commercial and retail renovations, as well as tenant fit-out and property management. Dan has also worked as an Assistant Project Manager with AECOM Tishman, a prominent construction management company in New York. There, he helped manage the construction of Cornell Tech’s Roosevelt Island Campus and a new ambulatory center for NYU Langone Medical Center in Manhattan. At Tishman, Dan was responsible for managing subcontractors, cost and schedule management, AEC coordination, and project turnovers. Dan earned his bachelor’s degree in Civil Engineering from the University of Delaware.

Jessica Wald, Esq.

General Counsel
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Jessica Wald, Esq.
General Counsel

Jessica Wald is responsible for oversight of all legal aspects of Turnbridge’s investments. Prior to joining Turnbridge, Jessica was an associate in the Real Estate Department of Kasowitz Benson Torres LLP where she focused on an array of complex issues related to office, residential, lodging, shopping center and mixed-use projects throughout the United States. Prior to that, Jessica was an associate in the Real Estate Department of Paul Hastings LLC. Throughout her career, Jessica has represented clients in acquisitions and dispositions of single properties and property portfolios; acquisitions and participations of mortgage and mezzanine debt; workouts and restructurings; financings of real estate properties and projects; office and retail leasing; and joint ventures. Jessica received her Bachelor’s Degree from the University of Connecticut and a Juris Doctorate from New York Law School. Jessica is admitted to practice law in the State of New York.

Graeme Weaver

Associate
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Graeme Weaver
Associate

Graeme Weaver joined Turnbridge from Deutsche Bank, where he worked as an Analyst in the Commercial Real Estate Group. At Deutsche Bank, Graeme focused on providing asset-level financing to public corporations and private equity groups owning or acquiring commercial real estate assets within the United States, and participated in more than $4.0 billion in transaction volume across all property types and markets. Graeme received his B.S. in Accounting and Business Administration from Washington and Lee University.

Kevin Yang

Associate
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Kevin Yang
Associate

Kevin Yang joined Turnbridge from Deutsche Bank, where he worked as an investment banking analyst within the real estate, gaming, lodging and leisure group. As an analyst, he focused primarily on complex M&A advisory and leveraged lending for corporate real estate and gaming clients – participating in over $3 billion in total transaction volume. Prior to Deutsche Bank, Kevin worked as a researcher at the Zell/Lurie Real Estate Center, focusing on residential housing finance. He received a Bachelor of Arts in Economics from the University of Pennsylvania, graduating summa cum laude.

Contact

  • 4 Bryant Park, Suite 200 New York, NY 10018
  • 212-651-7272
  • 6420 Wilshire Blvd, Suite 1060 Los Angeles, CA 90048
  • 310-299-4111
  • 4800 Hampden Lane, Suite 200 Bethesda, MD 20814