Rubenstein Partners
Private equityPhiladelphia · 37 people tracked
Investment thesis
Rubenstein Partners operates as a vertically-integrated fund manager specializing in office real estate investments throughout the United States. The firm manages a series of private equity funds on behalf of institutional investors such as public and private pension funds, university endowments, and family offices. Its approach builds on the legacy of The Rubenstein Company, a large-scale, vertically-integrated real estate operating company focused on commercial office investments in the Eastern United States that dates back to 1969 and was once among the nation's largest private office owners.
Source: firm website, verified Aug 18, 2026.
Team · 37 people
from the firm's websiteWhat they invest in
from 14 of 72 portfolio companiesPropTech ×14Construction Tech ×1
HQs:United States×10
Investments · 72 tracked
founders shown can be your intro pathOffice property in Boston, MA (234,000 RSF); acquired December 2014, sold September 2017.
Office property in Washington, DC (64,000 RSF), acquired January 2018.
Morris Plains, NJ (433,000 RSF); $57M acquisition loan originated December 2020, repaid April 2022.
Office property in Trevose, PA (108,000 RSF); acquired February 2012, sold March 2017.
Washington, DC office (200,000 RSF); $42M refinance originated February 2021, repaid July 2022.
McLean, VA (263,000 RSF); $48M refinance originated November 2019.
Property acquired September 2013 from Avaya, redeveloped and leased to Daiichi Sankyo for its North American headquarters (306K SF).
Office property in Brooklyn, NY (511,000 RSF), acquired December 2015.
2600 Tower Oaks is an office space located in Rockville, Maryland, offering workspaces with amenities and virtual tours.
PropTechRockville, US
Office property in Alexandria, VA (60,000 RSF); acquired December 2010, sold June 2014.
Office building acquired December 2013 via off-market recapitalization and extensively redeveloped.
Office property in Cincinnati, OH (379,000 RSF), acquired February 2015.
Office property in Cincinnati, OH (231,000 RSF), acquired February 2015.
312 ELM presents information about a modern office building offering workspaces, meeting areas, and amenities such as a sky lounge, fitness facilities, in-building parking, reception, and access control.
PropTech
312 Plum Street is a commercial office building on the downtown Cincinnati riverfront, offering tenants on-site parking, management, conference rooms, and access to a nearby fitness center.
PropTechCincinnati, US
Office property in Atlanta, GA (248,446 RSF), acquired October 2021.
5405 Windward is a commercial office building in Alpharetta, Georgia offering open floor plates, on-site amenities, and an on-site café, with direct access to Georgia 400, Avalon, and downtown Alpharetta.
PropTechAlpharetta, US
Office property in Reading, MA (138,000 RSF); acquired February 2012, sold December 2018.
Class A ~250,000 RSF office asset in the Legacy submarket of Dallas, Texas acquired March 2022.
Office property in Plano, TX (249,440 RSF), acquired March 2022.
5600 Headquarters is an office leasing property offering over 250,000 sqft of customizable office space with indoor and outdoor amenities in a campus-like setting.
PropTech
Office property in Stamford, CT (458,000 RSF), acquired June 2019.
194-acre campus acquired December 2010 from Alcatel-Lucent and redeveloped into headquarters for Bayer Healthcare and MetLife Investments.
Atlanta, GA (190,000 RSF); $71M construction loan originated July 2019, repaid August 2023.
Office property in Atlanta, GA (2,175,000 RSF); acquired February 2007, sold October 2018.
Office property in Springfield, VA (221,000 RSF); acquired December 2010, sold February 2021.
Waltham, US
Timothy Curran(Director)David Osborn(Executive Officer, Director)
BoardDeepak Sindwani(Director)Frank Apeseche(Director)inAndrew Ashforth(Director)Vaibhav Nalwaya(Director)
Co-investorsCamber CreekHomebrewLaunchpad Venture GroupMassMutual VenturesMetaPropNavitas Capital+1 more
Office property in Alexandria, VA (374,000 RSF), acquired September 2015.
The Center at Innovation Drive is a 700,000+ square foot commercial campus across four buildings in Tewksbury, Massachusetts, offering flexible office space with amenities such as a café, fitness center, and conference facilities.
PropTechTewksbury, US
Office property in Waltham, MA (500,000 RSF); acquired February 2013, sold August 2018.
Office property in McLean, VA (152,000 RSF); acquired July 2015, sold October 2019.
14-building, ~1.1M SF office portfolio in the King of Prussia submarket of the Philadelphia suburbs, closed August 2019.
Office property in Cleveland, OH (150,000 RSF); acquired December 2010, sold January 2012.
Office property in Framingham, MA (90,340 RSF); acquired August 2013, sold August 2014.
Office property in Fairlawn, OH (524,000 RSF); acquired May 2012, sold February 2016.
Precedent Office Park in the Keystone submarket of Indianapolis, acquired December 2017 and rebranded around a 38-acre lake.
Office property in Indianapolis, IN (1,111,000 RSF), acquired December 2017.
Lakefront at Keystone is a commercial real estate campus offering office and other space for lease and for sale, with on-site amenities including a cafe.
PropTech
Office property in Parsippany, NJ (714,000 RSF), acquired December 2017.
Latitude is a 35-acre campus offering 700,000 square feet of corporate, health, wellness, and lifestyle-focused workspaces available for lease.
PropTechRutherford, US
Office property in Fredericksburg, VA (152,000 RSF); acquired May 2011, sold April 2015.
486K SF campus on 67 acres acquired December 2013 from Ericsson and leased to Lenovo Enterprise.
Office property in Yardley, PA (473,000 RSF); acquired September 2018, sold December 2022.
Office property in Greenbelt, MD (195,000 RSF); acquired February 2012, sold August 2019.
Charlotte office property acquired December 2010 via note and fee purchase; leased to Chiquita Brands International for its global headquarters.
Office property in Durham, NC (194,000 RSF); acquired October 2012, sold April 2015.
Office property in Philadelphia, PA (854,000 RSF); acquired November 2013, sold June 2016.
Office property in Indianapolis, IN (1,209,000 RSF), acquired August 2016.
Eleven-building, 67-acre office campus in Atlanta, Georgia acquired March 2016.
Office property in Ewing, NJ (267,000 RSF); acquired July 2011, sold March 2015.
Office property in Rockville, MD (226,000 RSF), acquired August 2018.
Reston, VA (124,000 RSF); $29M acquisition loan originated May 2020, repaid July 2023.
Nine-building, ~1.6M SF office campus on 152 acres in Alpharetta, Georgia acquired September 2016.
Sanctuary Park is a nine-building office campus set on a 150-acre nature preserve in Alpharetta, offering 10,000 square feet of programmed amenity space for tenants.
PropTechAlpharetta, US
Office property in Stamford, CT (788,000 RSF), acquired May 2018.
Shippan Landing offers commercial office spaces ranging from 2,000 to 200,000 SF, with options for entire buildings, full floors, or office suites, plus on-site amenities.
PropTech
Office property in Tewksbury, MA (703,000 RSF), acquired September 2014.
Office property in Whippany, NJ (498,000 RSF); acquired October 2012, sold May 2017.
Office property in Reston, VA (180,000 RSF); acquired September 2016, sold April 2019.
The Wanamaker Building is a historic Philadelphia property being redeveloped as an adaptive re-use project with three levels of retail, two office levels, and 620+ luxury loft apartments plus parking.
Construction TechPropTechPhiladelphia, US
25 Kent is a 500,000-square-foot mixed-use office building at 25 Kent Ave in Williamsburg, Brooklyn, offering flexible workspace and amenities for growing companies.
PropTechNew York, US
Office property in Atlanta, GA (1,093,000 RSF), acquired September 2019.
Uptown is a transit-oriented mixed-use development in Atlanta at the intersection of Buckhead and Midtown, featuring two towers connected by a three-story atrium with roughly 1 million square feet of office space.
PropTechAtlanta, US
Office property in Warren, NJ (832,000 RSF), acquired March 2016.
Warren Corporate Center is a commercial office campus offering leasable space, with amenities including an amenity building, on-site power and generator infrastructure.
PropTech
Office property in Tampa, FL (576,000 RSF); acquired October 2006, sold February 2019.
Chantilly, VA (90,000 RSF); $15M refinance originated December 2018, repaid August 2021.
Fund performance · per public LP disclosures · 4
as of Sep 2025| Fund | Vintage | Committed | Net IRR | TVPI | DPI |
|---|---|---|---|---|---|
| Rubenstein Properties Fund IVLPs: Maine Public Employees Retirement System | 2019 | — | — | 0.30x | 0.01x |
| Rubenstein Properties Fund III RELPs: Maine Public Employees Retirement System | 2015 | — | -1.8% | 0.95x | 0.02x |
| Rubenstein Properties Fund III, L.P.LPs: Texas Municipal Retirement System, Maine Public Employees Retirement System | 2015 | — | -30.9% | 0.13x | 0.04x |
| Rubenstein Properties Fund II, L.P.LPs: Texas Municipal Retirement System | — | — | -19.3% | 0.91x | 0.83x |
Source: public limited-partner disclosures (CalPERS, CalSTRS). Net IRR / TVPI / DPI as reported by the limited partner; a fund's early-year IRR is an interim estimate (J-curve).
Frequently asked questions
- How many investments has Rubenstein Partners made?
- Rubenstein Partners has 72 tracked investments.
- What sectors does Rubenstein Partners focus on?
- Rubenstein Partners focuses on PropTech.
- Where is Rubenstein Partners located?
- Rubenstein Partners is headquartered in Philadelphia, US.
- Who does Rubenstein Partners co-invest with?
- Rubenstein Partners most often shares deals with Camber Creek, Homebrew, MassMutual Ventures, among 6 tracked co-investors.
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