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Story About Us

Tortoise Properties, LLC

Tortoise Properties, LLC is a Chicago and Palm Beach-based real estate family office focused on residential and commercial properties in select markets in the US. We have developed a strategic and methodical plan to build a premier portfolio of solid and safe places to live and work.

Our goal is to become a leading and successful real estate investment firm for our children and future generations. Since 1989, Jake has been a professional real estate leader.

Tortoise Properties is a principal and, as such, our funds are immediately available. We are able to make timely decisions and close deals quickly, following an efficient and accelerated due diligence period.

We will be focused on economic conditions and demographic data in certain markets where we believe we will be successful owning residential real estate (primarily apartments and for-rent properties) and commercial real estate (primarily office buildings and mixed-use developments) in the long term. Like the wise and steady ways that mark the demeanor of a tortoise, we make carefully calculated decisions and form strong and enduring partnerships to ensure long term success.

Our strategy

We seek residential and commercial properties that present opportunities for an active, professional real estate investment firm to:

  • Lease vacant units and seek a stabilized cash-on-cash return
  • Invest capital in income producing properties to address deferred maintenance
  • Develop with the right local partners
  • Acquire completed real estate assets and re-brand or re-position them in the market.

Our Services

We purchase real estate assets:





Who We Are

Jake Geleerd
Senior Executive

Jake has been a leader and innovator in real estate, sports & entertainment, technology and professional services for 25+ years.

Jake is President of Tortoise Properties, LLC (, a Palm Beach and Chicago-based real estate company focused on owning and operating residential and commercial properties in select US markets and providing first class service to its tenants and customers.

Jake is a member and on the Board of Young Presidents Organization ( in the Chicago Gold Chapter, member of the YPO Heartland Gold chapter, member of the Rocky Mountain Gold chapter in Denver and a Board Member of the YPO Golf Network. Jake hosts several YPO golf events at PGA & LPGA Tour stops. Jake is a member of Chief Executive Officers (

Jake is an Advisor of Avail ( the best in class property management and leasing software for do-it-yourself (DIY) landlords and their tenants. With over 500,000 DIY landlords, Avail is leading the way in the property management sector for DIY landlords and real estate investors who own one to nine properties.

Jake was Capital Advisor, Christopher Todd Communities (, the owner and operator of gated, luxury, professionally managed single family home rental communities, offering an inspired alternative to traditional apartment living.

Since 2001, Jake has been CEO of Terrapin Properties, a private real estate investment firm which acquired and developed $500+ million in commercial & residential properties.
Jake grew up at Sam Zell’s Equity Group, acquiring significant portfolios & taking them public as Equity Office Properties (EOP), Equity Lifestyle Properties (ELP) & Equity Residential Properties (EQR).

Jake was CEO of Rogers Centre/SkyDome in Toronto, home of Major League Baseball’s Blue Jays & 2nd home to the NFL’s Buffalo Bills ( Jake led the acquisition of SkyDome out of a highly public bankruptcy & successfully turned it around

Jake is a Board member of Backswing Golf Events ( Jake is the manager (think “E” from HBO’s “Entourage”) of Blackhawk’s National Anthem legend Jim Cornelison (

. Jake serves as Chairman of Drennen Realty & Relocation ( and is Chairman of The Best Ball Club ( with events in Chicago, Phoenix, Palm Beach/Jupiter FL, Greater Detroit, and the 23rd Annual Guy Geleerd Memorial Invitational.

Jake was President of Ocean Tomo, a global IP merchant banc and a director at Clark Hill, PLC. Jake made Crain’s 40 Under 40 and Ernst & Young Entrepreneur of the Year finalist.

Jake is a friend of ESPN’s V-Foundation for Cancer Research, JDRF, former Club Med golf pro, 2017 Walter Cup Champion at Cherry Hill Club, University of Illinois graduate, and friend of the University of Chicago.

Kayla Brannen
Market Analyst

Kayla is a Market Analyst at Tortoise Properties, LLC. She is a recent graduate (’17) of Wake Forest University, with a B.A. in Mathematics. Her past work experiences include marketing, sales, and administrative positions in Buffalo, NY and London, England at both startup organizations, and global companies. Kayla is a member of Young Presidents Organization Next Generation (