WHO WE ARE
TMT Properties, Inc was founded back in 1981 in Maggie Valley, North Carolina with great aspirations to take advantage of the World’s Fair in Gatlinburg, Tennessee. After two major renovations TMT still owns Maggie Valley Creekside Lodge today. The onsite Manger/Owner is part of the family and she would love for you to visit sometime.
In the 80’s, TMT made an attempt at residential real estate properties in South Florida, but soon found out that it was undesirable to evict families from their homes, so it was not long before the decision was made to sell all of the residential properties and make an attempt at other real estate endeavors.
In the early 90’s, the company began investing in standalone single purpose buildings mostly in Florida and Illinois in which were eventually sold to the tenants.
In the mid 90’s the company purchased the first multi bay warehouses in Deerfield Beach, Florida. This investment type became the foundation for the majority of TMT Properties' future acquisitions; a simple profile property that has lacked “love” but has great “bones,” small multi-spaces, quickly accessible to a major highway and a fair value. Quick attention was given to these properties and all previously deferred maintenance was addressed which allowed the company to get these facilities leased up to great tenants. TMT preferred this property profile type so much that two additional acquisitions of similar facilities in Pompano Beach and Deerfield Beach were completed by the end of the decade.
The late 90’s also brought about the company’s first “Build to Suite” endeavor which included a build out of a 50,000 square foot building in Deerfield Beach in just 8 months, “soup to nuts.” The tenant eventually purchased this building.
In the early 2000’s TMT purchased their first multi-space retail property that needed a lot of tender loving care in South Pompano Beach, Florida. It was during this process that they learned a lot about renovation of an existing property and was able to add a valuable tool to their chest of knowledge that is still used to this day. That property was also sold a few years later for a significant profit.
In 2000, TMT’s President and Owner, Paul Burrell semi-retired from his corporate world and committed full time to the business which granted the company an immense advantage in combination of knowledge, experiences and raw business smarts.
I believe you will concur that this gives us a unique advantage when consulting on “Value Spacing” (The art of matching tenants to space that improves their business model). Because of the unique experiences and the trust of the Banking world, TMT went shopping with a strict adherence to a cash flow model. It is estimated that TMT Properties, Incorporated made a minimum of 200 offers on attractive Real Estate Investments during the period of 2000 to 2010 but were able to contract on less than 7%. In contrast to this however, it should be noted that once in contract, TMT has never “Re-traded” in keeping with doing the right thing. It is for this reason that every time the company has been in a competitive situation, the Broker community willingly lends out their support. They might not like the initial offers, but once an agreement was reached, the job gets done.
And below as they say, “The rest is history!”
Get to know more about TMT through our company photos on Flickr.
Wiles Road Office Center