Business Details
14 Years
experience
Trusted Real Estate Investment Solutions in Pensacola
Founded in 2012, aDoor Properties has established itself as a leader in diversified real estate investing, specializing in land development and multi-family asset opportunities. Our vertically integrated approach ensures seamless execution from acquisition to management, backed by strategic partnerships with top-tier homebuilders and a proven track record of delivering strong returns. With a team of seasoned professionals boasting decades of combined experience in real estate private equity, asset management, and construction, we prioritize investor success through meticulous due diligence, value creation, and transparent communication. Our focus on high-growth markets and innovative development strategies positions us as a trusted partner for accredited investors seeking stable cash flow and long-term capital appreciation. 
Services
Land Development
Multi-Family Investment
Land Fund
Property Management
Investor Relations
Build-for-Rent Projects
Cost Segregation Studies
Syndication Services
Portfolio Diversification
Tax Strategy Consulting
Details
- Year established: 2012
Highlights and features
- Vertically integrated operations ensure seamless project execution from acquisition to management.
- Proven track record of $180M+ in executed real estate transactions across Northwest Florida.
- Strategic partnerships with top-tier homebuilders enhance project credibility and marketability.
- Experienced leadership team with decades of expertise in real estate private equity and development.
- Focus on high-growth markets with 887 lots currently under development.
Services
Land Development
Transform raw land into high-value residential communities through strategic infrastructure improvements. Our vertically integrated approach ensures faster capital return with guaranteed buyer contracts. Investors benefit from 15%+ IRR projections over 5-year horizons in prime Northwest Florida markets.
Multi-Family Investment
Acquire and manage income-generating multi-family properties with guaranteed cash flow. Our in-house property management ensures tenant satisfaction and asset optimization. Investors receive quarterly distributions starting year three with principal return projections by year five.
Land Fund
Access diversified land development opportunities through our 60-month horizon fund. With $104M in sales and 887 lots under development, our fund targets 15%+ IRR through strategic infrastructure investments and phased principal returns starting year three.
Investor Relations
Comprehensive investor support including secure portal access, monthly performance updates, and personalized tax documentation. Our team provides transparent reporting benchmarked against performance targets for all fund and syndication investments.
Build-for-Rent Projects
Specialized build-for-rent developments offering stable long-term cash flow. Investors receive pass-through depreciation benefits and equity growth through professionally managed single-family communities in high-demand markets.
People
Austin Tenpenny
Chief Executive Officer & Managing Partner
With 15+ years in real estate development, Austin leads aDoor's strategic vision. He graduated from Middle Tennessee State University with a Construction Management degree and has executed $180M+ in real estate transactions across Northwest Florida.
Steven Sebold
Founder & Design Director
A creative visionary with a decade in real estate, Steven founded aDoor in 2012. He oversees investor relations and design strategy, leveraging his dual expertise in architecture and finance to drive project innovation.
Brandon Heppler
Chief Financial Officer
A licensed Florida CPA with 10+ years in accounting and finance, Brandon manages financial operations. His background includes public auditing, tax consulting, and financial leadership in land development PE organizations.
Tony Kucera
Director of Land Acquisition
With 3.5 years at a top national homebuilder, Tony brings strategic land acquisition expertise. He graduated from University of West Florida with Finance and Business degrees and manages land deal negotiations.
Joe Yohn
Director of Land Development
A construction management graduate from University of West Florida, Joe oversees land development operations including budgeting, permitting, and site work projections for our growing portfolio.
Questions
Can I invest using a self-directed IRA?
Yes, we accept investments through self-directed IRAs and other retirement accounts with proper custodial setup and IRS compliance.
Do you accept 1031 exchange proceeds?
Yes, we accommodate 1031 exchanges for qualifying $1M+ investments with proper structuring and documentation.
What are the investor eligibility requirements?
Our 506(c) offerings require accredited investors with $1M+ net worth or $200K+ annual income.
How are tax documents handled?
Investors receive K-1 forms annually through our secure investor portal by March 15th each year.
What investment options are available?
We offer both single-asset syndications and diversified funds focused on multi-family and build-for-rent properties.
How does depreciation benefit investors?
We perform cost segregation studies to maximize accelerated depreciation benefits, reducing taxable income for investors.
