make better investment decisions
Cornerstone develops bulletproof, seamlessly functional, and easy-to-understand financial models that accurately and dynamically convey each client’s business model to investors — helping clients raise capital more effectively and make better investment decisions.
Cornerstone represents clients’ interests across building operations, leasing, financing, management, and construction — ensuring that critical goals, tasks, and workflows are tracked, coordinated, and executed in a timely and cost-effective manner.
Cornerstone combines expertise in architecture, business planning, finance and organizational management, having completed comprehensive development plans for public and private owners and developers.
Financial Modeling – Enabled $15M capital raise for complex private-equity transaction of multi-state mobile-home park portfolio, managing through suboptimal internal model.
Asset Management, Financial Analysis & Reporting – Supported early-stage acquisitions & management, to grow and develop 400,000 sq. ft. portfolio, including post-Covid lease reconciliations.
Reprogrammed, redesigned, and recosted the entire project, to increase the number of units by 25% and lower costs – making this an achievable reality, including: design management, contractor selection and construction oversight.
● Apt. Units: 74
● Gross Size: 94,000 Sq. Ft.
● Total Cost: $25 Million
Strategic Business Planning – Led & wrote plan for $1B public-private partnership hi-tech park development that became global cybersecurity R&D center, with tenants that include Dell, EMC, IBM and Deutsche Telekom.
Financial Modeling – Underwrote $85M development of 3 manufactured-housing projects for 285 homes, including innovative buyer-financing that lowered equity requirements 40%.
Construction Loan Monitoring – Supported $20M loan disbursement for construction of self-storage facilities, shopping center redevelopment and retail stores.
Developed complex financial analysis and cash-flow model to facilitate client’s land acquisition and support unique equity and debt financing structure, for development of 850 single-family homes.
● Size: 450 Acres
● Cost: $150 Million
● Duration: 10 Years
Underwrote, funded and managed $300 million real estate loan portfolio and construction financing, including: retail centers, affordable housing, multifamily, equity tax credits, logistics center, hotel renovations and parking garages.
● Portfolio Value: $300M
● Projects: 30+
● ROE: 32%
● Risk Reduction: 85%
Led $250 million capital redevelopment plan and strategic facilities planning for 300-acre oceanfront industrial site – after multiple hurricanes crippled buildings and operations.
● Capital Plan: $250M
● Size: 300 Acres
● Facilities Size: 630,000 Sq. Ft.
● On-site Employees: 2,900
Wrote market report that rebutted project opposition and supported new zoning and project approval for 300-acre, 5 million sq. ft. mixed-use and life-sciences research park development, located adjacent to U.S. Food & Drug Administration headquarters.
● Projects Value: $3B
● Size: 300 Acres
● Size: 5 Million Sq. Ft.
● Public Private (P3)
Worked for DC-based AM Law 100 firm, representing plaintiff in Federal housing discrimination lawsuit, and provided expertise in: real estate finance, construction lending, investment return & risk, and architectural design.
Jonathan Stern, MBA, M.Arch, REFAI
Founder & Managing Partner
With 25 years of experience, Jonathan provides clients with clear thinking, exceptional results, and the confidence to make better investment decisions and raise capital for their deals and transactions more effectively. His dual master’s degrees in Architecture and Business enable him to understand clients’ needs from both the finance/investment side and the construction/design side.
Prior to founding Cornerstone Real Estate Consulting, Jonathan was a CRE loan officer for Bank of America, strategic facilities planner at HOK Architects & Jacobs Engineering, and Senior Asset Manager for the U.S. General Services Administration (GSA). He has an MBA & Master in Architecture from Washington University in St. Louis and Bachelor of Arts in Environmental Design from UC Berkeley.
