About tessa

Tessa Asset Management was founded in 2008 by Dan Joss and Pete Flory. Between 2008 and 2019 Tessa underwrote over $16B in commercial real estate assets as part of distressed bank acquisitions. During this time, Tessa also worked on behalf of acquiring institutions to collect or restructure loans within eight large portfolios (with principal balances over $3B) under loss-sharing arrangements with the FDIC. Tessa developed an expertise in managing assets under newly formed government programs with constraints and reporting requirements. Tessa is currently making opportunistic investments in recession resistant businesses.

Peter leads Tessa’s asset management operations. Prior to Tessa, he worked at Merrill Lynch and JP Morgan managing distressed assets. Mr. Flory received a Bachelor’s of Literature, Science & Arts from the University of Michigan where he majored in Economics and English Literature.

Dan spearheads Tessa’s origination efforts. Prior to Tessa, Dan was a real estate investment banker for Bank of America Securities. He also served as a management consultant and in the principal investment group of Deloitte. He has a MBA from the Kellogg School of Management and graduated with honors from Brown University.