TDA Investment Group Management Process

As a real estate investment manager, TDA Investment Group has a policy that all assets under its management will be invested exclusively for the benefit of the plan participants and beneficiaries.

The investment objective is the maintenance and protection of capital, while maximizing return in a prudent manner.

TDA believes that the real estate market provides attractive opportunities for the creation of development value, capital appreciation, portfolio diversification, job creation and current income generation while supporting the economic and cultural development of the communities in which its clients operate.

TDA encourages transactions that create value for the community and neighborhoods with projects that tend to result in sustained cash flows, enhanced property values, and heightened liquidity.

Investment Policies

“It is the policy of TDA, as the Real Estate Investment Manager, that the assets under its management will be invested solely for the benefit of the participants and beneficiaries. The investment objective will be the maintenance and protection of the Trust’s capital, while maximizing the return on invested assets in a prudent manner.

TDA, as the Investment Manager, shall act with the care, skill, prudence and diligence that a person acting in a like capacity and familiar with such matters, would employ in the conduct of an enterprise of a like character and with like aims under the prevailing circumstances. In keeping with this policy, investments shall be diversified as broadly as prudent to minimize exposure to large losses resulting from concentration in any sub-category of the real estate industry or market.”

TDA encourages transactions that create value for the community and neighborhoods with projects that tend to result in sustained cash flows, enhanced property values, and heightened liquidity.

Our process strategy includes the following elements:

  • Investment in properties that are geographically and economically positioned for long-term appreciation and cash flow
  • Avoidance of risk through balanced tenant mixes and leasing strategies that maintain flexibility and liquidity
  • Reduction of market risk by generally not accepting investments in speculative developments
  • Use of prudent investment strategies to capitalize or acquire properties at lowest points in market cycles and sell throughout the market upturn
  • Increase of overall returns through opportunistic development, rehabilitation, repositioning and value-added ventures

All investments must be approved by TDA’s Investment Committee.

Once an investment opportunity has been identified, preliminary property, sponsorship, and market due diligence are assembled and presented to the Investment Committee for consideration.

The Investment Committee’s preliminary approval of the conceptual transaction results in a non-binding financing application to the development sponsor.

Upon sufficient good faith deposit by the sponsor, full transaction underwriting and third party due diligence commences. It includes an appraisal, environmental assessment, property condition assessment, seismic review, title review, flood zone certification, credit checks, financial statement review, litigation searches and ERISA compliance.

After a final presentation to the Investment Committee summarizes the results and due diligence, the transaction proceeds to closing. A typical transaction may close in 30 to 60 days from signed application and receipt of the good faith deposit by the development sponsor.

TDA Investment Process
  • Insight
  • In-depth Research
  • Local Market Analysis

  • Performance
  • Long Term Perspective
  • Preservation of Assets

  • Innovation
  • Creativity, Flexibility, Agility
  • Collaborative Process

  • Customer Focus
  • Consistent Communications
  • Relationship Management

  • Trust
  • Clear Investment Process
  • Portfolio Reviews
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