Contrary to popular belief, TIC is not a class of real estate but rather a creative way to own an apartment building. The concept of selling your building TIC requires a conversion of use vs. conversion of property type like a condo conversion. A building owner traditionally would sell their building to one investor for a price that reflected rents and current multiples for the area. Building owners who sell their building TIC are simply selling the building to multiple owners via the tenancy in common ownership structure. By selling the building fractionally, the units yield a higher price. Because there still remains an under supply of affordable housing in San Francisco, selling a multi-unit building to TIC buyers will in result in your highest return on investment.

Unfortunately, it is not as easy as just putting the property on the market and selling to TIC buyers. In order to sell TIC and realize the highest price, the building must be vacant and remodeled to primary residence standards. However, the San Francisco rent ordinance provides tenants very strict laws protecting their tenancies. As a result, gaining possession of the units to do the necessary remodeling and upgrades has created major hardship and challenges for apartment owners.

The TIC Group’s conversion management team has deep experience assisting building owners with tenant relocation and remodeling services. Through proven tenant relocation strategies, apartments become vacant and The TIC Group remodels the units to meet the needs of the TIC buying community. Building owners appreciate our hands on approach and stellar track record. As a matter of fact, The TIC Group has been involved in the conversion and sale of over 100 apartment units to TIC buyers.

Our full service deliverable enables owners to literally turn the building over to our TIC conversion group who will manage every detail. Here is a summary of our comprehensive services.

• General property management
• Entity formation/1031 exchange services
• Public report coordination and filing
• Tenant relocation services
• Construction management and design services
• TIC financing coordination
• Re-sale/marketing services

Our conversion management service leverage industry best of breed landlord tenant attorneys, real estate tax attorneys, general contractors and design specialists, TIC financing experts and a team of the best TIC real estate specialists in the industry. Our role is to manage these service providers to insure a successful sale!

Many real estate investors and building owners have the domain to manage some of these processes themselves. But we have found that our deep experience will drastically reduce the time to re-sale and increase your return on investment. A few small blind spots can cost you lots of time and money over the long run. Example: Do you market the property with a blanket loan or fractional loan? Do TIC buyers want full amortization or interest only loans? Do you stage the unit or not? Should you add a closet or remodel the bath room? Do you Ellis or proceed with the tenant buyout? Which attorney turns around the public report the fastest? If I have already received my final public report and I want to provide seller financing is it too late? Will the IRS recognize my sale to TIC buyers as 1031 tax compliant? Do we need to separate the electric meters? Is the monetary investment in a garage worth it? As you can see there are several critical moving parts and it is our job to help you make these crucial decisions; all decisions we have confronted before.

For a free property evaluation or to get more information enter your contact info: