Ten Tolentino


Ten Tolentino has 14 years of experience in financial analysis and data analytics with specialization in real estate finance and investment. She joined TFA in 2013 and performs investment advisory, deal structuring, financial modeling, and valuation, and oversees research and day-to-day operations. She built up her corporate real estate experience working in CB Richard Ellis and in McKinsey & Co.’s Global Procurement and Real Estate Group. She attended the Ateneo de Manila University for college, the Asian Institute of Management for MBA, and the University of the Philippines College of Law for her Juris Doctor degree.



Mobile+63 917 587 3318

Email[email protected]




Ten’s Blog

Effective Rent Calculator

Calculates the effect of various lease concessions such as free rent period, escalation moratorium, or TI allowance, and of the PV factor, on rent. Click here to download.

Amortization Calculator

Loan amortization schedule with balloon payment feature, click here to download.

CAGR Calculator

Compound annual growth rate calculator, click here to download.

Distinguishing Reversion Value from Terminal Value

Reversion value refers to the estimated value of an asset at the end of the forecast  horizon if the asset is to be sold, which is akin to the terminal value, which refers to the value of the perpetual cash flows beyond the horizon if the asset were held on a going-concern. Reversion value thus takes into consideration the disposition taxes and expenses, while the terminal value does not.