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Paul Psak
Managing Partner
Growing up, Paul often spent weekends working alongside his father to maintain and manage apartment buildings his family owned. Saturdays spent fixing appliances, painting kitchens, and collecting rents taught him that it takes hard work and dedication to create value for tenants. In his professional career, Paul has allocated capital across a wide range of asset classes for the investment research group of a private bank and for family offices. He has always found that well managed and structured real estate investments are the best way to preserve and grow wealth over time.
Paul founded Lake Ten in 2022 to create investment opportunities structured specifically to deliver the power of compounding after tax returns to investors in value-add and operating real estate investments.
Paul has served as the CFO and Managing Director of Ferro Holdings LLC, a family owned holding company as well as its predecessor Vatera Capital Management, both based in Palm Beach Florida. Prior to these roles Paul worked at Vatera Holdings a Family Office Advisor and Brown Brothers Harriman, America’s oldest and largest private bank, both in New York. Paul began his career at PricewaterhouseCoopers.
Throughout his career, Paul has worked on the initial due diligence and underwriting of more than $300 million of equity in funded real estate investments and over $1.5 billion in funded alternative investments.
Having graduated from King’s College with a degree in accounting Paul is a member of the McGowan School of Business Advisory Council. In 2020 he was awarded the Robert J. Ell Award for Outstanding Service to Alma Mater.
Paul is a Certified Public Accountant licensed in the State of New York.
Robert Fallone
Senior Advisor
Robert Fallone earned his Bachelor of Arts in Mathematics/Economics and Government & Law from Lafayette College in 2004. In 2012 he graduated with distinction from the Stern School of Business at New York University with a Master of Business Administration degree, specializing in Finance, Strategy and Marketing.
Professionally, Robert is a fourth-generation homebuilder. He began his career in real estate in 2004 where he worked for a family firm, Fallone Properties. There he oversaw the management and development of several hundred thousand square feet of office and retail space in addition to the acquisition, approval and development of hundreds of residential units. Robert is also a licensed real estate broker in the state of New Jersey.
In 2013 Robert founded a real estate development company, Fallone Group, with his brother John which has welcomed hundreds of families into new homes. Fallone Group has won awards for the homes they have built and renovated every year since their founding. Robert has developed and built nearly 500 homes in central New Jersey during his 20-year professional career.
At 29, Robert was elected as the youngest President of the New Jersey Builders Association. He was named their Builder of the Year in 2014 and inducted in the New Jersey Builders Association Hall of Fame at the age of 32. He was named on the national publication Professional Builder Magazine and the NJBIZ Forty under 40 lists. He has also been recognized nationally as the Young Professional of the Year in Region A and the Custom Home Builder One to Watch by the National Association of Home Builders.
Robert’s perspective and experience in the real estate industry is distinctive and wide ranging. In addition to acquiring, managing, maintaining and leasing commercial projects, Robert built a company that was unique in its expertise. While most businesses either focus on real estate development or home construction, Robert built a company that performs both. He has developed, negotiated and sold several fully approved developments to national homebuilders. He has acquired distressed developments, repositioned offerings to better fit the market and has successfully executed turn arounds. The varied capabilities of Fallone Group allowed the flexibility to pivot quickly in changing market conditions and created operational and construction efficiencies.