A Track Record of Industry Leadership

$0.0 B

Our Company

Tower is a leading vertically integrated commercial real estate office operator specializing in value-add investment opportunities throughout the Sunbelt markets. Based in Central Florida and working with our local, national and global partners, we execute in high-growth markets, deploying an agile, innovative approach to each investment and management opportunity.

Principals Cliff Stein and Reid Berman founded Tower Realty Partners in 1987 on the foundation of trust with a handshake agreement and a vision to build a relationship-focused firm. 

Since then, Tower has grown to over 80 employees, with approximately $3 billion in transactions made since inception and 5.5 million square feet of assets under management. Our seasoned professionals serve as a strategic advisory team to support our partners, advance their interests, and deliver extraordinary results.

Capturing untapped opportunity

We are the partner with the right relationships, deep market knowledge and unparalleled management expertise.

Investments and asset management

We are a first-in-class commercial real estate owner and operator with extensive experience on Class A office space.

A Brief Timeline

Key Events

Principals Cliff Stein and Reid Berman establish Tower Realty Partners, Inc. as a commercial real estate firm focused on brokerage and investment of office properties.
Tower established itself as the premier office brokerage firm in Orlando and one of the largest tenant representation practices in the State of Florida. 
Tower shifts its focus to investment. Its first major investment is $120 million portfolio consisting of assets in Manhattan, Phoenix, and Orlando in a partnership with DRA Advisers. Tower and Feldman Equities of New York create an initial public offering of Tower Realty Trust, a $750 million REIT listed on the New York Stock Exchange. Tower Realty Trust merges with another NYSE REIT and Tower Realty Partners, Inc. retains the Orlando and Phoenix assets.
Tower creates a full-service firm with in-house leasing, management, and construction capabilities. During this period, Tower implements its value-add strategy completing more than $500 million in transactions. In 2007, Tower recognizes frothy market conditions and begins disposing of assets. These transactions achieve a property level average annual IRR of 33.8%.
Tower stabilizes its remaining assets and preserves capital during the Great Recession and doesn’t buy or sell any assets.
Tower recognizes depressed asset values and begins to acquire value-add and opportunistic assets. During this period, Tower completes approximately $1 billion in transactions while achieving a property level average annual IRR of 43.75%.

A Tailored Strategy for Every Partner

Tower works with a wide variety of private equity groups, life companies and family offices. We tailor a strategy for each partner, based on their goals and investment criteria.

Our flexible, creative approach supports their unique objectives, whether it’s rapidly repositioning and selling a property or maintaining an asset over time to preserve wealth. 
Many partners benefit from our hands-on, engaged management to capture previously untapped opportunities and generate maximum return.
How We Work

Some of Our Distinguished Partners

Meet Our Leadership

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Cliff Stein

Co-Founder and Principal

Cliff leverages more than four decades of experience in Central Florida’s commercial real estate market to benefit partners and investors. As Co-Founder and Principal of Tower Realty Partners, Inc. and Tower Realty Asset Management, Inc., Cliff established the hands-on asset management approach that allows Tower to identify and cultivate value-add properties that lead to high yields.

He has created meaningful relationships with Central Florida’s commercial real estate leaders by building a history of good faith and closed deals, and he instills these values in his team.

* Served as a board member of the Community Redevelopment Agency of the City of Altamonte Springs, Florida, and as a member of CREW and BOMA.

* Contributed to philanthropic organizations including The Faine House, The Duval Home, Camp Boggy Creek, Florida Hospital’s Diabetes Center, and the JCC and Jewish Federation.

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Reid Berman

Co-Founder and Principal

With more than 37 years of experience in commercial real estate, Berman leads Tower’s operation in acquisition, financing, development, and asset enhancement.

Reid is a visionary in repositioning and managing assets and is a driving force behind the company’s creative and agile approach to acquisition, development, and leasing activities.

* Over his career, Berman has served as a member of the Urban Land Institute, Orlando Chamber of Commerce, International Development Research Council, NAIOP, CREW and the Metro Orlando Economic Development Commission.

* Berman’s civic contributions include Board of Directors for Hospice of Central Florida, Board of Directors of Temple of Israel, Board of Trustees of Orlando Museum of Art, and Advisory Board of City National Bank of Florida.

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Shipley Hall

Executive Vice President & Managing Director

As a recognized leader in the industry across the Sunbelt, Shipley plays an integral role in corporate strategy and leadership, as well as overseeing all revenue-generating lines of business.

He brings two decades of leasing, operations, and investment expertise to Tower’s expanding network. He engages with current partners and oversees asset management to provide best-practices, streamline the firm’s initiatives and provide accretive investment solutions. With more than $3 billion in transactions over his career, he leads an initiative to expand Tower’s presence with his strong relationships throughout the region.

* Essential in the investment thesis and implementation of the operational strategy for all investments with our private and publicly traded partners.

* Currently serves on the Executive Committee of the University of Florida Real Estate Advisory Board, is a past board member of NAIOP and past board member of Metro Orlando Economic Development Commission.

* Currently serves on the Make-A-Wish Foundation Board of Directors and past board member of the March of Dimes

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NiCole Barry

Executive Vice President, Operations

NiCole brings over three decades of experience in management, brokerage and receiverships to the Tower team. NiCole provides strategic vision and leadership for the firm’s more than 80 employees across Florida.

Throughout her tenure, her focus has been on recruiting and building the best professional team and plays an integral role in Tower’s growth, including doubling its portfolio square footage and number of employees since joining the firm in 2013.

* Has served on the Boards of Boys & Girls Club, Eatonville Chapter as well as Florida Hospital where she served as Chairwoman of the 30th Foundation Gala.

* Mentors the next generation of real estate executives through her involvement in IREM and NAIOP.

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Lanea Sagert

Director of Acquisitions, Dispositions and Construction

A veteran of Tower Realty Partners since 1995, Lanea has more than 35 years of commercial real estate experience.

Lanea oversees all issues involved in an acquisition or disposition, serving as the main point of contact with the buyer and seller and interacts with legal teams on both sides.

* Oversees pre-and post-closing activities with the property management, construction, and asset management teams to maintain cohesive ownership of the properties.

* Has vast experience in construction management, overseeing numerous major building capital improvements, building systems renovations, new construction, and build-to-suit projects in a variety of commercial environments.

* Has overseen $700 million in acquisitions and dispositions and $50 million of general construction.


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