How Partnerships Helped Build a Multifamily Investment Company with Tenny Tolofari

XSITE Capital stopped buying apartments for over 2 years. Then it all changed.

Tenny Tolofari is a cofounder and head of acquisitions at XSITE Capital. Since 2019, the company has done $276 million in deals, mostly value add apartments in the Southeast.

Tenny tells Dave Dubeau why every seller in the market right now is motivated, and how one very hard $49.1 million deal made them a better company.

He also explains how partners earn a seat at the table, and how the 3 founders met over the Cashflow board game.

Key topics

• Why XSITE Capital paused buying from 2022 to 2025

• Why it's a buyer's market right now

• The hardest deal they've done and what it fixed

• Raising capital from busy professionals

• What a seat at the table means for partners

• How the founders met

• Building a community around awareness

About Tenny Tolofari

Tenny Tolofari is a cofounder, head of acquisitions and chief growth officer at XSITE Capital, based in Charlotte, North Carolina. He has an engineering and cybersecurity background and left his full time job in 2024.

Links

Connect with Tenny: https://xsitecapital.com (or find Tenny Tolofari on LinkedIn)

Prefer to watch on YouTube? https://www.youtube.com/@propertyprofitsrealestate

Want to be a guest on the show? https://www.daveinterviewsyou.com