Q&A with Roei Paz
Tell us about your business, T&P Development.
T&P Development is a boutique property development company focused on building legacies and changing lives by delivering quality products within selected markets. Our goal is to help people and businesses throughout the world realize their dreams of owning properties. TP Development is a market leader in residential property development and residential rental investments and provides innovative and exceptional solutions across several markets. We work closely with investors and then deliver on the development of these properties.
Our headquarters are located in Tel Aviv, Israel. We started the business in 2008, when we began construction on our first project in Israel. We completed 12 projects in Israel before opening our office in New York.
What sets your business apart from others in the industry?
We take care of everything for our clients – from A to Z. We start with the idea, manage the budget, seek out the best deals in the market and move on from there. We always want to do what makes the best sense for our buyers. We guarantee high quality work and the most affordable prices and best value for new homes and construction – resulting in the best investment growth.
What is your role in the business?
I am the founder of the business. I handle all business dealings and operations in United States and I have a partner in Israel who handles operations in that country. I basically handle everything including researching the best deals and properties, managing the building and renovations of properties, financing, sales and tenant relationships.
What is your history in the business world?
I have worked in real estate development for six years. Before moving into the construction and real estate development industry, I worked in the diamond district for over ten years and handled the direct purchasing operations of all diamond inventories for the business. Then I changed my focus and started believing in something new and pursued new opportunities in real estate.
What was your inspiration for starting this business?
In 2008, a friend of mine was working in the development industry and he realized he was getting old and wanted to start buying real estate instead. While it seemed expensive, it was a good investment. Recent researches talking about world changes, by 2035 75% out of the existing suburbs population will move into big cities, so residential developments are becoming much more necessary and a smart investment opportunity. I wanted to be a part of these future developments.
What is your motto in business and life?
Always protect the money that we get from our investors, and never do anything risky. I believe in hard work and learned from the following saying from the Israeli army, “The hard we do immediately, the impossible we do just a bit after.”
What licenses and certifications do you have relating to the real estate industry?
I completed a Real Estate and Development Courses at NYU. I am a certified appraiser and a general contractor and a licensed real estate agent.
Roei Paz, President
1 Northside Pier Apt 7
Brooklyn, NY 11249