About Us

Belrose Asset Management (BAM) is a multi-faceted real estate investment company with extensive experience sourcing, analyzing, managing and ultimately capitalizing on value add or distressed asset opportunities nationwide.

Through its specialized subsidiaries, BAM leverages the industry contacts and world-class capabilities of its experienced teams: US Mortgage Resolution (USMR) and Belrose Storage Group (BSG).

​By combining the core competencies of these complementary companies, BAM is one of only a few firms capable of offering asymmetric returns secured by portfolios diversified across assets in virtually every stage of the real estate life cycle.

Not only does this holistic approach to real estate allow our investors to realize consistent, above market yield uncorrelated to the broader market but BAM is also flexible enough to be a first-mover in emerging trends within subsets of the real estate industry

​An obvious example of our entrepreneurial ability to front-run these capital flows is seen in USMR's market-leading position as the country's premier charged-off mortgage dealer. By identifying and quickly taking full advantage of a tight-window opportunity to generate outsized returns in a focused niche, BAM has attracted significant capital from savvy investors across the country.

Executive Team

  • Tom Dunkel

    Thomas D. Dunkel

    Tom brings over 27 years of real estate, finance and investing experience to his position as Chief Investment Officer. Working alongside his world-class team of professionals, Tom makes it his mission to find great investment opportunities for his clients while helping them meet their wealth-building goals.

    Tom manages the firm’s financial underwriting, playing a critical role in creating win-win deal structures that ensure achievable investor returns. In addition, he works closely with private investors to communicate about new acquisition and investing opportunities, as well as report on the progress of current investments.

    Tom is also responsible for arranging loans with local banks and mortgage brokers.

    Both the Belrose team and our investors benefit greatly from Tom’s mentorship, extensive experience in real estate investing, and dedication to making every deal a success.

    Tom lives in Wayne, Pennsylvania and enjoys golfing, hiking, and playing guitar. As an avid investor and lifelong learner, Tom is actively involved in organizations including Self Storage Mastermind, RaiseMasters Mastermind, and the Oren Klaff Braintrust.

  • Joe Downs

    Joseph M. Downs

    With over 17 years of experience in commercial real estate, Joe’s primary responsibility at Belrose is to oversee all aspects of the company and directly supervise acquisitions.

    In his position as CEO, Joe thoroughly enjoys “the art of the deal,” and finds every day to be a new and exciting challenge. When he sees the investors he works with increase their quality of life by improving their financial security, he knows he’s accomplished a job well done.

    Joe got into the world of financial securities, mortgages, and real estate because he has a knack for learning about and excelling in lesser-known industries.

    While Joe grew up as an Army brat, he’s called the suburbs of Philadelphia home since he was seven. Today, Joe lives outside of Philly with his wife, Dina, and their kids Raya, Degan, and Griffin. Joe and Dina stay busy driving their boys to and from lots of sporting activities including lacrosse, football, and basketball. When he has some time to himself, you’ll often find Joe on the golf course.

    Joe currently serves on the board of the Lake Harmony Estates and the Lake Group in the Pocono mountains. He stays actively involved in his local community and coaches a youth basketball team.

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