An investment, development and asset management firm focused on operationally complex real estate, platform building and special situations.

Rova acquires, develops and asset manages real estate where operations and strategic capital investment drive value creation. We believe active ownership determines outcomes. The most attractive returns in operating real estate are earned by owners who pair disciplined investing with focused operational execution, and we have built the firm to do both.

Brian Kaufman

Co-Founder & Managing Partner
Ian Glastein

Co-Founder & Managing Partner

We invest where complexity creates opportunity.

What We Look For

Assets with high-quality, high-barrier-to-entry locations and settings. Experiential or programming potential that has not been captured. Capital structure or ownership situations that create differentiated entry points. Repositioning pathways that require operational expertise conventional capital lacks.

How We Underwrite

We underwrite each asset as an operating business, with granular models built around its specific plan.

How We Structure

We structure investments as direct acquisitions, co-GP partnerships and programmatic joint ventures alongside institutional capital.

We build from operations and experience.

Rova's development practice starts with a defined concept – how a property will be used, staffed and monetized – before design begins. Every space program, specification and phasing decision is evaluated against its effect on throughput and profitability. We oversee ground-up development and major repositioning projects, managing entitlement, design, construction and pre-opening through stabilization. This operations-first approach surfaces constraints that conventional development processes identify too late.

Capabilities

Master planning and entitlement. Space programming and capacity analysis. Design management across architecture, interiors, landscape and MEP. Construction oversight and budget control. Pre-opening coordination. Regulatory and brand compliance. Phased expansion planning.

We bring institutional oversight to assets that demand active ownership.

Rova provides hands-on asset management built for operationally complex real estate. We take on the full scope of the owner's role, from revenue strategy and expense controls to capital planning and reporting, with the level of operating engagement these assets require to create value.

Revenue & Commercial Strategy

Rate and distribution optimization. Yield management across conventional and capacity-constrained business models.

Operating Performance

Continuous P&L review, cash flow forecasting and benchmarking tailored to each asset. Department-level flow-through management, staffing analysis, contract negotiation, and tax, insurance and regulatory compliance.

Capital Planning

ROI-driven capital plans that protect physical quality and improve guest, resident and user experiences.

Brand & Operator Relationships

Direct engagement with global brands, independent and third-party operators, F&B partners and design firms.

Reporting & Governance

Monthly operating reviews, owner reporting packages, annual business plans and ad hoc strategic analysis. Every deliverable is built to institutional standards, with full transparency into asset performance and ownership economics.

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