As the owner of the Florida property development and management firm TJM Properties, Terence J. McCarthy oversees the management of 2000 assisted living, memory care, and independent living units. TJM Properties specializes in acquiring old and historic apartment complexes and hotels and converting them into beautiful retirement facilities. Terence J. McCarthy founded his business in 1979, and has since acquired, developed, and managed more than 850 properties. The firm’s early focus was on smaller properties, such as single-family homes, until it purchased its first hotel in 1984, in downtown St. Petersburg, Florida, which it turned into an independent living facility.
During the late 1980s, Terence McCarthy oversaw the acquisition, renovation, and sale of one hundred homes per year, on average, through his firm’s housing division, Southside Contractors. During this time, the firm maintained several apartment complexes and hotels, and in the 1990s, it shifted its focus primarily to acquiring and managing these types of properties. For the last decade, Mr. McCarthy’s company has concentrated primarily on the development and management of retirement facilities.
As head of TJM Properties, Terence J. McCarthy oversees the management of numerous beautiful and coveted retirement facilities in Florida, and beyond. A small sampling of the firm’s properties include the Courtyards at Berne Village, a 158-unit building in historical New Bern, North Carolina, that offers both assisted and independent living; The Princess Martha, an historical landmark in downtown St. Petersburg, Florida; Spring Oaks, in Brooksville, which offers assisted living and secured facilities for memory care; and The Oaks of Clearwater, which offers assisted independent living and nursing care with an ocean view, and won the 2005 City of Clearwater Beautification Award.
Beyond successfully managing an array of properties, Terence J. McCarthy is an active contributor to his community. He provides financial support to hundreds of charities, and sits on the boards of the Police Athletic League, Bon Secours Health Systems, the basketball club St. Petersburg Junior Magic, and the Club M Foundation.