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Howard Joffe is the president and founder of Joffe Land Companies, an Atlanta-based land investment, development and management company. At 35, Joffe has already amassed a portfolio of over 7,000 acres (for residential, commercial and industrial use) with a value approaching $500 million. In a short time, he has become one of the region’s largest and most influential land investors.
Joffe maintains several opportunity funds, focusing on fully developed lots, large-scale mixed-use communities, as well as raw and partially-developed land for residential or commercial use. Over the past decade, he has established a following of several hundred high net-worth investors, in addition to a number of billion-dollar institutional, private equity and pension fund investment partners.
Joffe is the son of a homebuilder, and has been looking for land opportunities since he was 19 years old. Joffe moved to Atlanta to further his career in the land investment business, and began experimenting with new technologies that made it easier to find land-related information (ex: online listings, tax information, satellite imagery, digital flood plains, topography maps and GPS). Working behind three computer monitors, Joffe integrated these tools in order to analyze multiple properties at once.
At age 24, Joffe then found his first land investment opportunity. It was located in an undesirable area of metro Atlanta, a place most investors didn’t want to visit, let alone invest in. However, Joffe knew certain tracts of land in that corridor had been rezoned from single-family to multifamily and/or commercial. He eventually scraped together the capital from investors, and six months later the land was sold for 9X the purchase price.
Years later, Joffe continues to see opportunity in places others don’t. For every purchase, thousands of properties are reviewed by Joffe and his team. This level of discipline has lead to a proven track record of outsized investor returns, seldom seen on such a large scale. Remarkably, he achieves the returns with little to no bank debt. When it comes to investing, performance is everything.
Born in Cape Town, South Africa, Joffe has always been passionate about investing. After moving to the U.S., Joffe met with his first stockbroker at the age of 10, in order to invest the $200 he earned by selling golf balls retrieved from the lakes of a golf course he lived on. As a teen, he created one of the first e-commerce event photography websites hiring photographers across the country, imported artifacts from Zimbabwe to sell to local stores, set up tent sales to sell rugs borrowed from his uncle’s rug store, and cut over 1,000 lawns through his landscaping business.
A born entrepreneur, Joffe holds a degree in finance from Indiana University-Bloomington.
David Brening is a registered professional engineer with a wealth of knowledge in civil engineering practices and procedures. Brening has extensive experience on a variety of projects including residential and master-planned communities, office/retail, industrial and large-scale infrastructure projects. Brening has also conducted and provided oversight for numerous surveying efforts, due diligence and property studies, construction management efforts and worked with several Community Improvement Districts throughout Metro Atlanta.
Prior to Joffe, Brening worked for Lowe Engineers as a project manager and oversaw day-to-day operations for the civil commercial group. He belongs to numerous organizations including ASHE, ASCE and BBA.
Brening received a degree in civil engineering from Auburn University.
Land Acquisitions and Sales
Bryan Langbord comes to Joffe Land Companies with a background in financial markets. He has over 10 years' experience as a proprietary trader, developing and executing equity trading strategies while dynamically managing risk. He began his career and spent 6 years with Schonfeld Securities, a hedge fund specializing in proprietary trading, before leaving to trade his own capital with T3 Trading Group, a registered SEC Broker-Dealer.
Bryan has successfully navigated many different investing climates and financial conditions. He has passed the FINRA Series 7, 56, and 63 securities examinations. Bryan not only brings his vast financial market experience, but as a long time investor in Joffe Land Companies' Funds he is positioned to understand the unique benefits that Joffe Land Companies has to offer.
Bryan attained his undergraduate degree from Emory University and is currently pursuing his MBA from Emory's Goizueta Business School as a member of the Evening MBA program.
Board of Directors
For over forty years, Lawrence Siegel has focused his practice on business law and commercial transactions representing investors, health care providers, private and public REITs and private equity investors. He has also been investing in commercial and residential real estate his entire career. In the recent past, he has served as lead counsel on merger and acquisition transactions at a value greater than $5 billion dollars. Some of the acquisitions and dispositions were structured as stock/equity purchase agreements and others as asset purchase agreements. Yet others were acquired pursuant to bankruptcy court order following bankruptcy court auctions in which his clients were the successful bidder.
A former member of the board of Old Dominion University Entrepreneurial Center and a former vice-chairman of the City of Virginia Beach Resort Area Advisory Commission, Siegel serves on numerous charitable boards and committees. He has been named one of Virginia’s “Legal Elite” by Virginia Business magazine and a “Super Lawyer” by Virginia Super Lawyers magazine. In addition, Martindale Hubbell has rated Mr. Siegel an AV attorney, its highest rating available. He received his undergraduate degree in 1969 from the University of Virginia and his law degree in 1973 from Georgetown University Law Center.
Robert Heitner is a co-founder and principal of Vision Capital Partners. Heitner was born and raised in Stamford Connecticut and moved to Atlanta in 1982.
Heitner's career began in 1986 with the creation of HeitneReps, a leading company in the security industry. Later, Total Detection Systems (TDS) was added to the Heitner business portfolio. As owner and president of the two companies, he managed and successfully grew both businesses at an annual average of 20 percent and 30 percent, respectively.
Later, as a business consultant, Heitner guided companies in business development and project management including the successful development of the Memphis Redbirds $73 million stadium. His experience includes profitable real estate investments in the Greater Metro Atlanta area spanning almost 20 years.
Heitner started investing in real estate through acquiring rehab properties in the early 1990's and transitioned to building a portfolio of investments. He has gained experience and knowledge in all aspects of real estate, including building relationships with domestic, institutional and pension fund investors, as well as buying and selling properties, property management, financing and exit strategies.
Kevin M. Kornegay
A second generation entrepreneur, Kevin was mentored in many aspects of real estate and health care by his father, George R. Kornegay, Jr. Early in his career, Kevin worked in the family's assisted living facility where he learned the elements of customer service and agency management. Later Kevin put his skills to good use as Kornegay Company LLC acquired two hotels, in addition to their connection to company-owned healthcare facilities. Currently, the company is building a new hotel and continuing with other real estate development ideas. Kevin graduated with a BA in Economics from the University of North Carolina at Chapel Hill in 1994.
Kevin is the past president of the Mount Olive Area Chamber of Commerce, and the current chair of the board of directors for Mount Olive Family Medicine Center. He served on the local Kids World fund raising committee to build and maintain a local park and participates annually in various golf tournaments and fund raisers. Kevin is a board member of Vision Capital Opportunity Fund II, and he serves on the board of directors of American Senior Living of Naples, Florida.
Michael E. Barney
Mr. Barney is the owner and President of Michael E. Barney, Inc., incorporated in Virginia in April 1998, through which he conducts his real estate acquisition, sale, development, asset and property management and consulting business. Mr. Barney, who was initially licensed in 1978, and his corporation, holds an active real estate sales license in Virginia.
Since 1972, Mr. Barney as a former principal and currently a practicing lawyer with the 120 lawyer firm of Kaufman & Canoles based in Norfolk, Va., has practiced in its Real Estate Strategies Practice Group. He has been located in the firm’s Virginia Beach office for the last 15 years. His law practice focuses on real estate acquisition and sale, including development, construction, management, leasing, brokerage, financing, lending, workout, environmental, and land use. He also has extensive experience in asset and wealth planning, in addition to estate administration.
Michael H. Levinson
A 1966 graduate of the University of Virginia (BA-Economics), where he was a two sport athlete, and a 1970 graduate of the University of North Carolina at Chapel Hill School of Law, Mr. Levinson has engaged in the private practice of law in Virginia since 1970. His area of specialization is business and commercial transactions, including real estate transactions. Mr. Levinson is also the founder and principal of Princess Anne Title Agency, Inc., a title insurance agency, for over thirty years, specializing in time-share transactions. For the last twenty years, he has primarily represented clients in the hospitality and resort development industries. In addition, Mr. Levinson has been a financial participant in a number of hotel and resort development ventures. Mr. Levinson is also active within his local business and residential community, serving or having served on various city commissions and non-profit organizations.