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 Lenrock

 

Our Team

 

Joseph D. Tagliente, President

Tel. (646) 248-6190 x702

Direct

Tel. (781) 893-3011    

Fax (781) 893-0171   

Email: jtagliente@lenrock.com

 

Prior to co-founding Lenrock, Mr. Tagliente was President and CEO of the Tage Corporation (1989-2004), one of New England’s leading hospitality management and development companies, and of the Tagliente Family Realty Trusts from 1995 through 2005. Under Mr. Tagliente’s leadership, through development and acquisition, Tage grew from a small fast food restaurant operator into a portfolio of 4 hotels and fifteen restaurants. In 2000, Mr. Tagliente launched a calculated strategy for maximizing immediate cash returns, optimizing capital gains, and structuring long-term rental income for Tage shareholders, by divesting the Tage operating companies. In the first step of this strategy, Mr. Tagliente negotiated the sale of the Tage Burger King portfolio to Burger King Corporation of Miami, Florida for cash and structured ownership of 20-year, triple net leases for the underlying properties. In 2004, Mr. Tagliente completed the sale of the Tage hotel portfolio to La Quinta Hotel Corporation (NYSE: LQI). This all cash transaction also included ownership of a 75-year, triple-net lease.  During his tenure at Tage, Mr. Tagliente successfully managed or participated in over $100 Million of real estate investments with a combined aggregate IRR of 28.5%. Mr. Tagliente is a graduate of Cornell University’s School of Hotel Administration (1989) and holds an MBA (1995) in finance from The Olin School of Business at Babson College.