The Emotional Journey of Running a Family Office with Joseph Tagliente, Principal of Tage Capital

In this episode of Real Talk, I speak with Joseph Tagliente, Principal of Tage Capital.  

We discuss:

 * The humbling beginnings of their first asset, a single Burger King franchise

 * How he built a hotel while going to the Cornell School of Hotel Administration

 * How he made the ultimate bet on himself by taking a 2nd mortgage on his personal residence to finance one of their first projects

Tage Capital Partners is the holding company for the Tagliente Family real estate portfolio. Founded in 1970 with a single restaurant by family patriarch, Joseph P. Tagliente, Tage Capital grew to be a leading hospitality company in New England. Today, Tage Capital Partners is one of the largest privately held, hospitality real estate investment groups in the United States with net-leased investments in quick service restaurants, casual dining restaurants, hotels and other real estate developments.

Connect with Joseph on LinkedIn:  https://www.linkedin.com/in/josephdtagliente

Key moments:

0:31 – Intro

3:40 – About Tage Capital and its family background

6:26 – From franchise to real estate

14:46 – How Joe built a hotel while studying Hotel Administration at Cornell

18:30 – Implementing classroom ideas to reality

21:53 – Why the hotel was a success

26:52: Taking the risk of taking out a second mortgage to fund his business

32:45 – Tage Capital’s current portfolio and why its successful

38:53 – How Tage Capital grew its business without outside investors

41:00 – Working in a family business

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In each episode of Real Talk: Real Estate Discussions, Andrew Kirsh interviews industry leaders to learn their real-time opinions on today's market, their background and unique career highlights, and guidance for newcomers to the industry.

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Andrew Kirsh is a founding partner of Sklar Kirsh LLP and is the Chair of the firm’s Real Estate Department. Sklar Kirsh LLP is a boutique law firm providing services in corporate law, real estate, entertainment, bankruptcy, and litigation.

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