Tom Bendheim

Tom Bendheim Email and Phone Number

Founder & CEO, b7 Properties @ b7 Properties
Tom Bendheim's Location
Providence County, Rhode Island, United States, United States
About Tom Bendheim

Real Estate Developer and Investor with successful 35-year track record in multi-family and single family properties. Currently operating in ten states. Skilled in deal sourcing and syndication, financial analysis, due diligence, property management, sales/marketing, design, and construction. Financially-driven, creative and cost effective approach with a focus on value-add improvements. Consistently delivers double-digit, internal rates of return with strong cash-on-cash distributions. Recent projects include:o Purchased, renovated, and sold 48-unit apartment complex. Investors achieved a 74% IRR and a 3.2x multiple on their investment in just over two years. o Purchased a 90-unit apartment building from a publicly traded REIT and fully renovated the common areas and all units. Annualized yield to date for investors has averaged 13%, net of Sponsor Promote. Cash out refinancing returned 92% of initial capital and IRR has surpassed 18% . o Repurposed a commercial building in downtown Denver, CO and converted to 29 studio apartments. Renovated 15 townhouse apartments in Norwalk, CT. Sold both properties in two years, achieving a 40% and 49% IRR respectively for investors. Multiple on investment was 1.9X and 2.3X respectively. o Created new residential subdivision with four single-family properties. Sold lot to developer to raise cash, built three 6,000+ sq. ft. homes, two of which have sold and the third is in process.Tom is also an experienced strategic business consultant and change agent with extensive experience developing and implementing consumer-driven growth strategies within diverse industries.

Tom Bendheim's Current Company Details
b7 Properties

B7 Properties

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Founder & CEO, b7 Properties
Tom Bendheim Work Experience Details
  • B7 Properties
    Founder & Ceo
    B7 Properties Feb 2014 - Present
    Lead investment, development, and management efforts of real estate development and investment company focused on income-producing multi-family properties, both value-add and ground-up construction. Currently own 17 properties with 1,036 units in ten states, comprised of apartments, condominiums and townhomes.- Previously sold 14 properties and achieved an average internal rate of return (IRR) of 25%+ for equity investors- Multi-family real estate business focused on value-add opportunities. Investment time horizon of 3-5 years with minimum return on investment of 2X.- Developed new residential enclave and cul de sac with $3M-$4M homes in New Canaan, CT
  • Carter Development, Llc
    Managing Member
    Carter Development, Llc Nov 2004 - Dec 2017
    Managing member of residential real estate development company, created with builder/partner to develop residential subdivisions and single family homes in New Canaan, CT.- Built and sold three single family homes in the $3M-$6M price range- Currently in the process of selling a fourth home- Subdivided land and sold lot to developer, achieving a 51% IRR in 17 months
  • T. Bendheim Real Estate Investment And Development
    Principal
    T. Bendheim Real Estate Investment And Development Mar 1986 - Jan 2014
    Independent residential real estate investor and developer focused on value-add and cash flow opportunities. - Purchased and improved nine properties- Benefitted from ongoing annual cash flow of 5%+ of equity investment- Sold six properties with average IRR of 12%
  • Cvs Caremark Corporation
    External And Internal Consultant
    Cvs Caremark Corporation 2009 - 2014
    Woonsocket, Ri, Us
    External and Internal Consultant within multiple divisions developing new businesses as part of strategy to become a diversified health care provider. Responsibilities included Director, Health Systems Initiatives; Director, Business Development, MinuteClinic; Consultant, Member Engagement, Caremark. o Business Development - Developed and implemented new B2B business and with 18 employer affiliations for MinuteClinic business unit - Signed collaboration agreements with seven Accountable Care Organizations (ACOs) as part of new Provider initiative. Led implementation of financial and operational aspects of collaboration and managed client relationships o Marketing - Developed program to enhance awareness and value of CVS retail discount card for 19 million Caremark member cardholders - Competitive Analysis: Conducted competitive benchmarking study of Caremark member outreach and communications programso Program Development and Project Management - Developed and launched Caremark pilot of phone-based pharmacist-to-patient outreach - Launched direct-to-consumer Member Engagement entity within B2B Caremark division - Led Behavior Change Research Partnership (BCRP) to lower pharmacy costs and improve medication adherence. “Active Choice,” initiative resulted in a 100% increase in member enrollments while exceeding financial hurdle rates
  • The Spectrum Capital Group, Llc
    Managing Director
    The Spectrum Capital Group, Llc 2008 - 2012
    Responsible for lead generation and operating issues for merchant and investment banking clients.
  • The Colibri Group
    President & Ceo
    The Colibri Group 2005 - 2008
    President, Chief Executive Officer, and Director of $100MM private-equity owned jewelry and accessories company with 500 employees. Recruited new board members, brought in a new, seasoned management team and repositioned brands for growth through focused product designs and a targeted distribution network.o Financial results: Exceeded aggressive double-digit growth targets in first year, achieving record sales operating profit and cash flow along with a more streamlined operation. Doubled declining Wal-Mart business while increasing gross marginso Marketing: Developed higher margin licensed and proprietary brands: - Formed successful partnerships and licensing opportunities with brands including Lamborghini, Make-A-Wish, Hershey, Williamsburg, and Crayola - Developed $5MM branded Hispanic jewelry line with K-Mart - Repositioned Dolan Bullock line for more upscale consumers and redefined image of Colibri brand
  • Rheingold Brewing Company
    President & Ceo
    Rheingold Brewing Company 2002 - 2005
    President, CEO, and Director of regional beer company and classic brand. Raised capital, re-launched the brand, increased sales, and positioned the company for sale to a strategic buyer.o Financial results: Transformed under-performing business into attractive and relevant brand that was acquired for 3X revenues. Delivered 3.6X sales increase, an average annual improvement of 53% over three years. Raised capital from experienced beverage investors to fund sales and marketing initiatives.o Management: Built senior management team and established new board by recruiting from seasoned beverage industry experts, investment bankers, and entrepreneurs.o Marketing: Rejuvenated Rheingold Beer brand: - Repositioned the trademark from retro beer to young, hip yet classic brand with a rich history. - Created fully-integrated guerrilla marketing and complementary advertising campaign. Earned two American Marketing Association Gold Effie Awards, beating Anheuser Busch for the gold.
  • Dooney & Bourke
    Evp And Coo
    Dooney & Bourke 1997 - 2002
    Us
    EVP and COO of branded luxury leather goods company. Orchestrated turnaround. Doubled operating income and set stage for 4X sales growth over five years.o Doubled operating income for two consecutive years and set stage for 4X sales growth over five years. Eliminated non-performing product lines and SKU’s, thereby reducing inventory by 14%.o Created vision, developed strategic plan, and led transformation from wholesale manufacturer to consumer-driven retailer and marketer.o Restructured sales force resulting in a 25% increase in market coverage and 3% lower annual operating costs.o Re-launched e-commerce site, expanded direct mail catalog, and opened retail stores resulting in a 23% increase in gross profit margins.o Developed outsourcing operation and added secondary lower-cost manufacturing facilities. Fixed manufacturing costs decreased by 12% and sourced product increased to 60% of sales.
  • Pepsico
    Director, Corporate Strategic Planning
    Pepsico 1996 - 1997
    Purchase, New York, Us
    Advised CEO and CFO on strategic efforts and deployment of corporate resources across $8B restaurant business (Pizza Hut, Taco Bell, KFC, and specialty restaurants). Directed staff of seven.o Led team that produced discounted cash flow valuation of restaurant businesses leading to decision to spinoff as a separate entity (Yum! Brands).o Oversaw development of post-spin-off strategy that led to successful buy-back of franchisees.o Initiated and piloted performance-based restaurant manager compensation and recognition program that effectively engaged management and reduced turnover rates.
  • Dansk International Designs, Gorham, Kirk Stieff
    Vp, Marketing
    Dansk International Designs, Gorham, Kirk Stieff 1993 - 1995
    Led the marketing efforts for this tableware, giftware, and house wares company under Lenox Brands. Managed a team of four, and motivated the Lenox sales force to promote specific brands. Subsequently promoted and charged with strategic planning and P&L responsibility for the wholesale, direct mail catalog, and non-outlet retail channels.o Rebuilt relationships and re-established trust with the department store buying organizations by providing exclusivity agreements on new products. Revenues increased 1.8X.o Launched company’s first direct mail catalog and implemented database marketing approach for retail store mailers. Increased direct mail sales by 50%.o Increased inventory turns 40% and reduced out-of-stocks 20% by instituting sales forecasting process.
  • Mckinsey & Company
    Engagement Manager
    Mckinsey & Company 1990 - 1993
    Us
    Consulted to consumer-driven companies on business strategy, financial management, operational efficiency, organizational structure, and M&A integration.o Reconfigured distribution infrastructure of Mexican packaged goods company. Designed a product line profitability process yielding a 38% improvement in net operating income.o Created and implemented a discount optimization process to maximize gross margin dollars for U.S. jewelry retailer in bankruptcy. Instituted a site selection process to determine potential store openings/closures, and identified $54MM in operating profit improvements.
  • Bain & Company
    Associate Consultant
    Bain & Company 1985 - 1987
    Boston, Ma, Us
    Advised clients in consumer, retail, and healthcare industries on growth and cost-savings strategies.

Tom Bendheim Skills

Strategy Strategic Planning Management Consulting Competitive Analysis Business Development Management Private Equity Marketing Strategy Retail Business Strategy Mergers And Acquisitions Executive Management Marketing Investments Investment Properties Leadership Start Ups Sales Luxury Goods New Business Development Asset Managment Real Estate Development Due Diligence Asset Management Financial Analysis Strategic Partnerships Consulting P&l Management Real Estate E Commerce Healthcare Mergers Training Analytics Real Estate Investment Team Building Crm Customer Relationship Management Real Estate Transactions Real Estate Economics Real Estate Financing

Tom Bendheim Education Details

  • The Lauder Institute - University Of Pennsylvania
    The Lauder Institute - University Of Pennsylvania
    International Studies
  • The Wharton School
    The Wharton School
    Marketing
  • University Of Pennsylvania
    University Of Pennsylvania
    Graduate Division | School Of Arts & Sciences
  • Tufts University
    Tufts University
    Spanish
  • The Taft School
    The Taft School
    High School
  • Scarsdale High School
    Scarsdale High School

Frequently Asked Questions about Tom Bendheim

What company does Tom Bendheim work for?

Tom Bendheim works for B7 Properties

What is Tom Bendheim's role at the current company?

Tom Bendheim's current role is Founder & CEO, b7 Properties.

What is Tom Bendheim's email address?

Tom Bendheim's email address is to****@****cox.net

What is Tom Bendheim's direct phone number?

Tom Bendheim's direct phone number is +140128*****

What schools did Tom Bendheim attend?

Tom Bendheim attended The Lauder Institute - University Of Pennsylvania, The Wharton School, University Of Pennsylvania, Tufts University, The Taft School, Scarsdale High School.

What skills is Tom Bendheim known for?

Tom Bendheim has skills like Strategy, Strategic Planning, Management Consulting, Competitive Analysis, Business Development, Management, Private Equity, Marketing Strategy, Retail, Business Strategy, Mergers And Acquisitions, Executive Management.

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