TF Cornerstone Inc. (TFC), founded in 1971 and headquartered in New York City, is a privately held, family-owned real estate development, ownership, and management company. Originally established as a construction and development firm by brothers Tom and Fred Elghanayan, the company has evolved into one of New York’s most prominent landlords, with a multi-million square foot commercial portfolio and over 10,000 residential units across Manhattan, Brooklyn, Queens, and Washington, D.C.
TFC’s core business strategy focuses on ground-up development, long-term ownership, and active property management. The company specializes in luxury residential towers, mixed-use developments, and Class A office buildings, often in high-demand urban markets. Its investment approach emphasizes prime locations, large-scale projects, and sustainable design, ensuring long-term value creation and tenant retention.
The firm is best known for transformative projects such as Long Island City’s East Coast Development, a multi-phase waterfront community featuring thousands of rental units, retail, and public spaces. TFC also owns and manages significant office assets in Midtown Manhattan, including properties along Sixth Avenue and in the Hudson Yards district. In Washington, D.C., the company has expanded its footprint with trophy office buildings and mixed-use developments.
TF Cornerstone maintains a conservative capital structure, funding projects through a combination of internal equity and institutional partnerships. Its tenant roster includes Fortune 500 companies, law firms, and financial institutions, while its residential properties cater to high-income professionals seeking luxury amenities and proximity to transit hubs.
With a vertically integrated platform encompassing development, leasing, and property management, TFC continues to shape New York City’s skyline while pursuing selective growth opportunities in other major U.S. markets. The company remains under the leadership of the Elghanayan family, ensuring continuity of its long-term vision and operational discipline.
View More