Tanenbaum Equity Partners (TEP), a Dallas-based commercial real estate investment firm specializing in government-leased properties, announced the successful recapitalization of TEP Government Holdings, its nationwide government-leased real estate portfolio. The recapitalization consists of senior debt from Centennial Bank, a preferred equity investment from Eagle Point Credit Management and existing common equity controlled by TEP’s principals, resulting in a total portfolio value of approximately $450 million.
The portfolio comprises 98 properties totaling approximately 1.6 million square feet across 24 states, leased primarily to 30 federal government agencies. By consolidating multiple property-level financings into a unified capital structure, the transaction enhances operational efficiency, improves cash flow and positions TEP for continued growth through future acquisitions.
“Over the last decade, we’ve built one of the nation’s largest privately owned p
