In 2005, David Rubenstein founded Rubenstein Partners in partnership with certain members of his senior management team from TRCLP, which were fully vertically integrated predecessor companies focusing on all aspects of investment and operating commercial office product in the Eastern United States. TRCLP disposed of virtually all of its office properties in 2004. Rubenstein Partners, the Fund Manager, was formed in 2005 and closed its first fund of $475 million in May 2006. Since this time, Rubenstein Partners has become a Registered Investment Advisor and closed its second fund totaling $500M.
David and the members of senior management of Rubenstein Partners together have extensive real estate backgrounds in all key real estate disciplines, including redevelopment and construction, property management, operations and engineering, leasing, asset management, transactions, legal and accounting.
While this depth of real estate expertise is comparable to the most successful vertically-intergrated full-service real estate firms such as its predecessor company, Rubenstein Partners is focused solely on successful investment management of real estate office assets. As a result, the Firm typically leverages local operating partners for property management and other day-to-day operational needs under its close supervision and control. However, given the Firm’s in-house talent and background, it does have direct operational day-to-day management capabilities and thus is equipped to directly manage at the property level should the need arise.