Themis K.

$10B+ of US commercial real estate underwritten for PE funds, family offices, GPs, and lenders - delivered to the standard investment committees expect.

Managing Partner of TK Advisory LLC | Top Rated Plus | 100% Job Success | ex-Kearney strategy consultant.

WHO I WORK WITH
Real estate private equity funds, family offices, GPs/sponsors, credit funds and lenders - typically on deals from $10M to $1B+

WHAT I DELIVER

• Full-cycle underwriting: acquisition, development, repositioning, disposition
• Excel and Argus Enterprise models - dynamic, auditable, with built-in error checks
• Due diligence beyond the model: lease audits, opex/capex reviews, tenant credit, rent roll analysis, market comps, lender reviews
• Complex equity waterfalls and promote structures (LP/GP alignment)
• Investment committee memos, offering memoranda, and capital-raising decks to institutional standards
• Infrastructure and project finance due diligence (data centers, energy, PPP/concession assets)

I evaluate not only the numbers, but the assumptions, risks, and operational realities behind them, delivering analysis in a form that investment committees and capital partners trust.

SELECTED ENGAGEMENTS

• $970M mixed-use skyscraper (FL) — underwriting & due diligence
• $220M / 380-unit and $182M / 260-unit multifamily developments (Miami)
• $111M office tower underwriting (Miami)
• $100M business-center portfolio disposition (CO)
• $50M PE fund-level model + asset underwriting (CA)
• $35M sell-side mall disposition (LA) · $18M self-storage development (Portland)

BACKGROUND
Before founding TK Advisory, I spent 4 years at Kearney (global top-5 strategy consultancy) advising C-suites and government leaders, and over a decade in principal investing and real estate private equity. I invest personally in affordable housing and retail, so I underwrite with an owner's eye.

CREDENTIALS
M.S., London Business School · B.S. Economics, University of Southampton · MIT Certificate in Commercial Real Estate Analysis & Investment · ARGUS Enterprise Certified · REFM Levels 1–3 (Distinction)

NEXT STEP
If you have a deal under evaluation, send the OM or rent roll and I'll respond within hours with a scope, fee, and timeline. For recurring underwriting needs, I offer retained capacity to a small number of institutional clients.