Over 60 years of combined experience in all facets of real estate and institutional investing.
Joseph D. Tagliente, CEO/PArtner
Joe is the CEO and a partner at Lenrock and oversees our single-tenant, NNN investments, and food-service/hospitality opportunities. Prior to co-founding Lenrock, Joe was the president and CEO of the Tage Corporation, one of New England’s leading hospitality companies. Under Mr. Tagliente’s leadership, Tage grew from a small fast food restaurant operator founded by Joe’s father (Joseph P. Tagliente) into a multi-faceted hospitality development and management corporation with operations in fast food, full service restaurants, hotels, and hospitality construction and development.
In 1989, Mr. Tagliente conceived, designed and developed the first of his company’s hotels; The Tage Inn in Milford, Massachusetts co-founding this venture with Joe Sr. The Tage Inn was an immediate success and grew to a portfolio of 4 properties throughout New England with over 500 rooms.
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 and consolidating all of the company's real estate assets into a series of connected limited liability corporations which now form the private real estate investment trust; Tage Associated Limited Partners (TALP). Joe currently serves as the managing partner of TALP.
Joe is an Entrepreneur in Residence at Cornell University’s School of Hotel Administration and serves on the board of advisors for the Pillsbury Institute for Hospitality Entrepreneurship there. He is also an adjunct professor of franchising at Boston University’s School of Hospitality Management. Joe sits on the board of directors of Kitchen Brains, a global supplier of kitchen control equipment and systems and is an advisor to MAIDBOT; a startup that is building robots to clean hotel rooms and NY Restaurant Concepts, Inc operators of the Fat Sal's Deli chain.
Mr. Tagliente is a graduate of Cornell University’s School of Hotel Administration, holds an MBA from the Olin School of Business at Babson College, and is a member of YPO (Young Presidents Organization).
Howard G. Capek, Co-founder
Mr. Capek is a co-founder of the Lenrock Management Group, LP and a Managing Member of each of its affiliate companies. He has 25+ years of financial analysis, portfolio management, and investing experience. Mr. Capek is responsible for buying and selling assets, monitoring capital markets, and investor communications. Since becoming actively involved in the day-to-day operation of Lenrock’s real estate portfolio in mid-2012, Mr. Capek has helped lower property-level expenses by 40%, drive occupancy rates to 95%, and lead a major capital reinvestment plan. From 2005 through 2011, Mr. Capek ran Lenrock’s long/short healthcare & real estate hedge fund, delivering top-decile returns for investors in every year. Prior to co-founding Lenrock, Mr. Capek spent ten years as a sell-side analyst at UBS (1999-2003), Credit Suisse (1996-1999), and Merrill Lynch (1993-1996). During his career as an analyst and fund manager, Mr. Capek covered, modeled, or invested in 200+ companies in the healthcare, pharmaceutical, medical device, insurance, and REIT sectors and advised on over $25 billion of equity & debt financings and M&A activity.
Mr. Capek earned an MBA in finance from Cornell University’s Johnson Graduate School of Management and a BS in applied economics, also from Cornell. He currently sits on the Advisory Board of New York restaurant Concepts, Inc., is a Director on the Board of Monsignor Farrell High School and a Trustee on the Board of The Villa Maria School.