Principal Investing

Principal Investing

The TLH current portfolio consists of 146 properties, totaling 1.9M square feet. The portfolio is geographically diverse with TLH owned properties located on both coasts, northeast, southeast, central, and mid- and southwest areas of the country. California, Colorado, Connecticut and Ohio properties contribute the highest percentage of value to TLH’s portfolio.

TLH owns a variety of property types including industrial, retail, office, land, and special use. Industrial buildings are the most prominent property type representing 55% of TLH’s portfolio.

TLH investments are comprised of vacant buildings and single tenant (credit and non-credit) leased buildings. The vacant buildings provide an opportunity for substantial gains through repositioning to higher and better uses, leasing vacant space or reselling assets that have been acquired in bulk. The leased buildings, which have a weighted average remaining lease term of 12.5 years, provides stable cash flow to the company’s operation.

Recent Success

  • TLH as principal rezoned a site in New Haven, CT with visibility from I-95 from industrial to retail as the location was highly desirable for big box retailers with a car count over 150,000.
  • The rezoning to retail facilitated interest from multiple big box retailers including Walmart and Jordan’s Furniture.
  • A long-term 50-year NNN ground lease was signed with Jordan’s Furniture. The lease is guaranteed by Berkshire Hathaway.
  • Subsequently to executing the long-term lease, the industrial building was converted to retail use. Jordan’s Furniture and entertainment center is now open.