Teres Holdings, LLC is a specialty real estate development firm established by Ahsan Nasratullah (CEO), Kevin P. Duffy (CFO), and Robert Hoe (COO) with expertise in real estate development and project management, real estate finance, and accounting and financial control. The partners' backgrounds includes architecture, urban planning, engineering, law, financing, and accounting. With a vision of creating vibrant urban environments, Teres Holdings combines retail, hospitality, and residential/commercial uses into a single function design.
Teres Holdings seeks development opportunities in communities in and around "Anchor Institutions" - centers that drive economic activity by drawing significant population from higher income demographics into a trade area. In the past years, Teres has developed an investment strategy using urban academic campuses as the "Anchor Institution". Theses communities have typically experienced long periods of disinvestment, capital flight, and generally show signs of physical decline. The proximity of such, communities to an academic campus is the key ingredient in Teres' over-arching investment strategy, which is to match under-valued/under-utilized university-owned real estate with untapped high-value demographic - faculty, administrators and students.
When retailers and businesses seek investment opportunity, they typically look at the census data on household income to determine they community's spending power - the local demographic. Relying only on the census data of the community, the traditional analyst overlooks the spending power of the transient demographic, those who work/visit/travel to the trade area daily from areas of significantly higher income than that of the local community. Traditional approach would not factor the transient demographic that include: 30,000-person Temple University Community, 35,000-person University of Pennsylvania Community, or the 18,000-person Widener/Crozer Community. Teres' approach is to develop sales estimates on the combination of transient and local demographic data. This forms the basis of significantly higher sales estimates leading to higher rent per square foot, which in turns helps finance superior projects - leading the way to reversing the cycle of decline.
