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Privacy Statement

Website Terms of service and privacy policy

PLEASE READ THE FOLLOWING TERMS AND POLICIES CAREFULLY. WHEN YOU USE OUR WEBSITE YOU ACKNOWLEDGE THAT YOU HAVE READ, UNDERSTOOD, AND AGREE TO BE BOUND BY THESE TERMS AND POLICIES, AND YOUR CONTINUED USE OF OUR WEBSITE SIGNIFIES YOUR ACCEPTANCE OF THEM.

TERMS OF SERVICE

Informational Purposes Only: The material on the Terranova Corporation (“Terranova”) website has been prepared and published for informational purposes only. This website may contain links to other resources on the internet, both those of affiliated companies, and of third parties. We take no responsibility for the content, accuracy, or timeliness of those other websites, nor do we endorse any commercial products that may be advertised or available on those websites.

License and Website Access: Terranova grants you a limited license to access and use this website solely for personal noncommercial purposes. You may not download (other than page caching) or modify it, or any portion of it, except with the express prior written consent of Terranova. This license does not include any resale or commercial use of this website or its contents; any collection and use of any property listings, descriptions, or prices; any derivative of this website or its contents; or any use of data mining, robots, or similar data gathering and extraction tools. This website or any portion of this website may not be reproduced, copied, sold, resold, visited, or otherwise exploited for any commercial purpose without express prior written consent of Terranova. You may not frame or utilize framing techniques to enclose any trademark, logo, or other propietary information, including, but not limited to, images, text, page layout, or form, or use any meta tags or any other "hidden text" utilizing Terranova's name or trademarks, without the express written consent of Terranova. You are granted a limited, revocable, and nonexclusive right to create a hyperlink to the home page of Terranova, so long as the link does not portray Terranova in a false, misleading, derogatory, or otherwise offensive manner. You may not use the Terranova logo or other proprietary graphics as part of the link without the express written permission of Terranova.

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Disclaimer and Indemnity: Terranova disclaims any and all liability for any loss, damage, or other liability whatsoever arising from the use of this website or the terms and conditions in connection with this website and specifically excludes all warranties, conditions and terms, whether express or implied to the fullest extent permitted by law. You agree to indemnify Terranova against any liabilities, claims, and expenses that may arise from your use of the website and any breach of these terms and conditions by you, your employees, or agents.

Modification of Terms and Conditions: Terranova may modify these terms and conditions at any time by post of the new version on the website. You will have agreed to such revised version if you continue using the website after the change or modification is posted. You should check the terms and conditions periodically to ensure that you are aware of and are complying with the current version.

Online Privacy Policy

Terranova respects the privacy rights of our online visitors and recognizes the importance of protecting the information collected from you.

Terranova will not sell, borrow, or share your contact information with any outside parties. All information collected (which will be limited to name, e-mail address, physical address, and phone number) will only be used and accessible to selected Terranova representatives. We respect your privacy and will only use your information to improve customer service, website functionality, and to communicate with you. Communications may include, but are not limited to:

  • Responses to your inquiries
  • To send periodic news and company updates
  • To share research reports created by our internal Marketing department

If you have any questions or concerns regarding any information presented in this policy, please contact us by telephone at 305.695.8700.

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How Real Estate Mogul, Stephen Bittel, Forged His Path to Success

Stephen-Bittel-Headshot

ABC MONEY – OCTOBER 29, 2021 – BY RACHEL STERRY “Everyone says I need to smile more, and that I’m very focused” Stephen Bittel, chairman and founder of Terranova Corporation, describes as he reflects on the reasoning for his enormous success in South Florida commercial real estate. After all, Bittel founded this leading commercial real estate firm over 40 years ago as a young law school student without any capital. This is quite the feat for a corporation which today has a portfolio that includes almost a billion dollars in assets. And the journey from Terranova’s early days, with an acquisition of two strip shopping malls in 1981, to today’s diverse and comprehensive real estate services, is inspiring.

Stephen Bittel first became interested in working with capital as many young people become interested in most careers- listening to adults discussing matters at the dinner table. When he studied abroad in Europe during his undergraduate studies at Bowdoin College, he found himself most engaged with people who were in control of their own capital. “It made me think back to the many dinners back home in Florida, with my family and friends, and all of my parents’ friends talked with vigor and excitement about their real estate investments.” This vigor and excitement stayed with Bittel throughout his collegiate studies and law school, and ultimately led him to shift his focus from taking care of people’s capital as a lawyer, to directing their capital in real estate acquisition. He started Terranova Corporation in his second year at the University of Miami’s Law School, and graduated with a total of 7 employees and two strip mall center acquisitions, never practicing law at all

Simplest Secret to Success

As previously mentioned, the road to success was not an easy one, and required quite a bit of elbow grease to get Terranova Corp to the conglomerate it is today. At 24 years old, Stephen Bittel was able to attain regular cash flow through raising equity from larger investors and acquiring brokerage commissions, which ultimately led to retaining a portion of the equity and the management leasing fees. And because this process did not involve starting Terranova Corp with any capital, Bittel attributes the firm’s advancement to the basics of business: hard work and determination. “I persuaded people I was honest, and would work hard and make an investment myself. I would do everything I could to make it successful, and they believed” Bittel describes of Terranova’s beginnings. “The real secret is I have outworked everyone from my first day of college until today. I developed this unending work stamina which I think really has to do with my success more than anything else.” This undying determination has served Stephen Bittel in Terranova Corp’s development to this day. 100% of the debt on the firm’s current portfolio is non-recourse. “We’ve learned to operate with less leverage and more equity,” Bittel explains. This has enabled a very forgiving capital structure to best weather the potential downturns in the economy. Terranova Crop’s diversified set of revenue streams, along with its multiplicity of asset classes within the real estate industry, have solidified the corporation as one of southern Florida’s leading commercial real estate firms.

The Balance of Business: Giving

Stephen Bittel’s relentless work ethic in real estate can only be matched with his commitment to improving his lifelong community of Miami. An avid supporter of the Parkinson’s Foundation, Bittel has contributed to the funding of eight centers of excellence, and is currently working to establish a world class brain, fitness, and neuroscience center in Miami-Dade County. But Bittel is less vocal about his involvement in instituting this community resource, as he views reinvesting in one’s own community as a norm- not something that requires a lot of praise or attention. However, it is hard not to take notice of another one of Stephen Bittel’s community passion projects– the beautification of Miami’s public roads. He spearheaded and funded the Orchid Project on Lincoln Road- the planting of 1,000 orchid flowers along the pedestrian street in the city. This venture was an offshoot of the Fairchild Tropical Botanic Garden’s Million Orchid Project. Stephen Bittel resides as a board member of the community botanical garden, which serves as a nature reserve for community members to enjoy, as well as an education and research organization. Terranova’s chairman and founder has a commitment to community improvement that is unmatched, and ever-present in all aspects of his life. When he is able to find some balance amongst his sharp devotion to the real estate firm, Stephen Bittel enjoys spending time with his wife, children, and grandchildren, preferably in his backyard of orchid flowers, with wine and food in hand. “It’s a marvelous place to share food, company, and ideas.” As he continues to guide his own path in the business of real estate, Stephen Bittel also serves as an example to all entrepreneurs establishing their own balance of capital, market strategy, and community advocacy.

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