Turnstone/General
Partners
Turnstone
owns and
operates
residential
real
estate
in
California
and
Texas.
The
majority
of
properties
are
located
in
greater
Los
Angeles
County
and in
the
metropolitan
areas of
Houston.
Turnstone
started
in the
Southern
California
residential
real
estate
development
marketplace
in 1997.
Since
that
time
Turnstone
has
acquired,
improved
and sold
in
excess
of 350
properties;
ranging
from
single
family
residences
to 400+
unit
apartment
complexes.
We
specialize
in
distressed
properties
not
easily
moved
through
the
conventional
machine
of
retail
real
estate.
We
believe
our
success
in
investing
in real
estate
over the
past
eleven
years is
based
primarily
on the
on the
following:
Acquisition
and
due-diligence
partners
with a
dedicated
and
disciplined
approach
to
equity
creation
and
managerial
repositioning
of real
estate
assets.
Regular
site
visitation
of
assets
in
portfolio.
Partnership
structure
that
promotes
the
interests
of both
the
Investor
and
Developer.
Existing
relationships
with REO
specialists
and top
producing
agents
in
strong
markets
combined
with our
reputation
for
performance.
Added
Value -
Our
acquisition
team
focuses
on
investments
that
bring
added
value to
Investors.
We take
pride in
“identifying
opportunity
otherwise
overlooked
by
un-seasoned
investors”.
Our
focus
has not
been on
the
creation
of a
large
real
estate
acquisition
firm. We
do not
participate
in the
real
estate
commission
associated
with the
transfer
or sale
of real
estate.
Turnstone’s
mission
is to
purchase
real
property
assets
generating
superior
returns
for both
the
Investor
and
Developer.
Through
a
galvanized
focus on
this
mission,
our
investment
decisions
are made
solely
on the
quality
of the
investment
opportunity
rather
than
maintaining
the
overhead
need of
a real
estate
brokerage.
Principals
John S.
Ward
John
Ward is
a
Managing
Director
and
founding
Partner
of
Turnstone
and has
been in
the real
estate
industry
since
1979.
During
his
tenure
he has
worked
in many
facets
of the
business,
including
mortgage
lending
– both
primary
and
secondary
marketing,
real
estate
development
including
new
construction
and
renovation,
multi-unit
apartment
acquisition
and
renovation.
His
specialties
include:
acquisition,
due-diligence,
financial
evaluation
and
management
oversight.
John has
personally
sponsored
the
purchase
and
renovation
of over
270, one
to four
unit
properties
in Los
Angeles
County,
totaling
more
than 810
units.
In
addition,
John,
together
with
Kurt
Slingsby,
has
completed
the
renovation
and
repositioning
of 23
apartment
buildings,
totaling
459
units,
in
Southern
California
and
multiple
complexes
totaling
700
units in
Houston.
John,
his wife
and two
children
reside
in
Manhattan
Beach,
California.
email:
properties@turnstone.net
E.
Kurt
Slingsby
Kurt
Slingsby
is a
Managing
Director
and a
founding
Partner
of
Turnstone
and has
been
developing
residential
real
estate
since
1997.
Prior to
forming
Turnstone
he was
the
General
Manager
of a
large
Southern
California
environmental
services
company.
He
brings
strong
business
management
skills
and
substantial
experience
in the
construction,
renovation,
management
and
finance
of
residential
real
estate.
He has
managed
the
successful
renovation
of over
335
homes
and
apartments
and new
construction
of 27
properties.
Kurt is
also the
Managing
Director
of
Property
Works,
Inc. the
designated
Property
Management
Company
for
project
assets.
Together
with
John
Ward,
Kurt has
completed
the
renovation
and
repositioning
of 23
apartment
buildings,
totaling
459
units,
in
Southern
California
and
multiple
complexes
totaling
more
than 700
units in
Houston.
He holds
a degree
from
Pepperdine
University
and is
living
in Palos
Verdes
Estates,
California
with his
wife and
two
children.
email:
properties@turnstone.nete….
