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Mortgage investor moves HQ to Tampa from New Jersey

Roemanu, which originates and invests in business purpose mortgages in the U.S. and U.K., will have its joint headquarters with a subsidiary in the city while keeping a presence in New Jersey.


  • By Louis Llovio
  • | 9:30 a.m. May 9, 2024
  • | 2 Free Articles Remaining!
Roemanu CEO John Beacham cuts the ribbon for the company's new Tampa headquarters with the city's mayor, Jane Castor.
Roemanu CEO John Beacham cuts the ribbon for the company's new Tampa headquarters with the city's mayor, Jane Castor.
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Roemanu, a holding company focused on originating and investing in mortgage loans in the U.S. and U.K., has opened a new office in Tampa.

The company and its subsidiary Toorak Capital Partners have taken space on the sixth floor of the Thousand & One tower in the Water Street Tampa development.

It held a ribbon-cutting ceremony at the new space Wednesday evening.

According to a company spokesperson, the headquarters will be home to CEO John Beacham and personnel in Toorak’s asset management, loan acquisition, legal and financial planning departments.

Toorak says in a statement that it has provided more than $12 billion in capital and funded over 30,000 mortgage loans and that its projects are expected to renovate, stabilize or provide rental housing for over 50,000 families.

Roemanu is making the move to Tampa from Summit, New Jersey, but it intends to keep a “significant presence” there. It will also continue to operate another subsidiary, Merchants Mortgage & Trust Corp., out its current headquarters in Greenwood Village, Colorado.

Roemanu and its subsidiaries have nearly 200 employees globally.

Beacham, in a statement, says the company was drawn to Tampa because of the city’s “business-friendly environment, educated work force and proximity to some of our biggest clients and markets.”

The plan, he says, is to hire a number of employees from the area in the coming months to fill multiple new positions.

The 385,000-square-foot Thousand & One building is the first tower built in downtown Tampa since 1992. It opened in 2021 and features 10-foot floor-to-ceiling glass to maximize natural light and a series of outdoor, landscaped terraces containing rain gardens and outdoor awnings that enhance shade.

According to the statement, it is currently 90% leased with a tenant mix that includes ReliaQuest, Sila Realty Trust, Northern Trust Corporation and Weatherford Capital.

The building is in Water Street, the $3 billion, 56-acre, mixed-use development just south of downtown Tampa. The 9 million-square foot district includes commercial, residential, hospitality, entertainment and retail space.

 

author

Louis Llovio

Louis Llovio is the deputy managing editor at the Business Observer. Before going to work at the Observer, the longtime business writer worked at the Richmond Times-Dispatch, Maryland Daily Record and for the Baltimore Sun Media Group. He lives in Tampa.

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