About Us

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TM Real Estate Group, LLC is an institutional-quality platform for real estate investment, development and management. As both principal and operating partner, TM actively pursues multi-family and mixed-use acquisitions, as well as true value-add repositioning and land development opportunities. Founded in 2005, TM has managed over 80 projects across Florida, Arizona, and Nevada, ranging in size from 20 units to over 1,000 units. Since 2009, TM has acquired, sold, and financed over 5,000 units and over 600,000 sf of office space.

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TM provides a wide range of in-house expertise aimed at creating and optimizing value:

  • Acquisition and disposition of assets in both competitive and emerging markets
  • Full range of land-use, entitlement, and approval processes, including master planning large-scale development sites
  • Managing all phases of ground-up development including site analysis, design, and construction
  • Property Management
  • Condo conversion and value-add repositioning
  • Debt and equity sourcing, loan workouts, receivership, and REO management
  • Financial and investor reporting
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Executives have on average over 25 years of investment, management and development experience, having cumulatively managed tens of thousand units, renovated over 7,000 units and developed over 5,000 units.

Matthew Pellar

Chief Executive Officer

  • Mr. Pellar brings over 25 years of real estate experience, and is responsible for its overall strategy.
  • Prior to founding TM, Mr. Pellar held various positions as VP of Development for H&H Development and Terremark Real Estate Group, Inc, Assistant VP of Development for The Related Group of Florida, and associate at US Realty Advisors, LLC
  • Collectively, he oversaw all phases of development from entitlements and construction to marketing, lease-up and sales of over 1,600 condominium and market rate rental housing units and a 750,000 SF telecom facility. In addition, Mr. Pellar managed all aspects of due diligence and financial modeling for over $925 million in net lease transactions.
  • Mr. Pellar holds an MBA from the Stern School of Business at NYU and a BA with emphasis in Economics from Boston University

Carlos Alcaraz

Chief Financial Officer

  • Mr. Alcaraz joined TM in 2006 and brings two decades of experience in accounting and finance, and is responsible for all accounting and financial functions, including property management, homeowners’ associations, budgets, loan compliance, construction and taxes
  • Prior to TM, he was CFO of SOL Sotheby’s, a real estate and investment company based in Miami, which grossed over $400 million in annual sales during his tenure
  • Prior to SOL Sotheby’s, Mr. Alcaraz was VP of Finance for Empire Seafood, where he was instrumental in the integration and reorganization for the acquisition of a privately-held corporation with $140 million in sales by Performance Food Group, the third largest US food distributor with over $6bn in sales
  • Mr. Alcaraz gained a solid background in accounting and finance through various positions in accounting at Terremark Worldwide, Fleming Companies and Ruesch International
  • Mr. Alcaraz holds a Bachelor in Commerce in Accounting and a CPA degree from Concordia University in Montreal, Canada. Additionally, he is fluent in English, Spanish and French

Rene Gutierrez

Principal, Development

  • Mr. Gutierrez brings over 25 years of real estate and multi-family development experience. Mr. Gutierrez co founded TM Residential in 2012 and has entitled and developed over 4,000 units throughout Florida
  • Prior to founding TM Residential, Mr. Gutierrez was a founding partner of Atlantis Development LLC, a multi-family development company based in South Florida. While at Atlantis Development, Mr. Gutierrez was responsible for the acquisition, entitlement and development of over 600 townhomes and garden apartments
  • Prior to Atlantis, Mr. Gutierrez held various positions as Senior Project Manager for the Cornerstone Development Group and Senior Financial Analyst at Terremark Real Estate Group, Inc. Collectively, he oversaw all phases of development from entitlements and construction to marketing, lease-up and sales of over 3,400 condominium and market rate rental housing units and a 750,000 SF telecom facility
  • Mr. Gutierrez began his real estate career at Arthur Andersen’s real estate practice as an Associate with responsibility for assisting clients with the acquisition and disposition of their income-producing real estate worldwide. His assignments ranged from property valuation and due diligence to transaction execution for offshore accounts and being onsite owner’s agent
  • Mr. Gutierrez holds a BA and an MBA with concentrations in Finance from the University of Miami

Adnan Tareen

Vice President, Development

  • Mr. Tareen is Vice President of TM Residential. Mr. Tareen joined TM Residential in 2018. He has a decade of experience working in the real estate and finance sectors. He is responsible for managing all phases of the development cycle from predevelopment through stabilization
  • Prior to joining TM, Mr. Tareen worked at Atlantic Pacific Communities where he managed the underwriting, entitlements, sourcing, design, and construction of over 1,000 units in Florida and Texas, including the first LEED for Neighborhood Development project in Florida
  • Previously he also worked at OneWest Bank where he provided strategy and analysis in the management of a $1 billion debt portfolio consisting of REO’s and distressed loans
  • Mr. Tareen holds a B.A. from the University of Texas at Austin and an M.S. in Real Estate Development and Urbanism from the University of Miami

Joan Copeland

President, Property Management

  • Mrs. Copeland brings three decades of experience in property management. Mrs. Copeland joined TM in 2014 and oversees the day-to-day operations including but not limited to the financial performance, physical occupancy and marketing of the TM apartment communities, working alongside on-site associates to ensure each property operates at its optimum
  • Prior to TM, Mrs. Copeland served as EVP of Operations for Landmark Residential, where she was responsible for the complete oversight of 54 properties. During that time, she visited properties to offer support and assess issues while also putting together due diligence for acquisitions and dispositions
  • Before that, Mrs. Copeland worked for Riverstone Residential and Banyan Realty in Florida where she repositioned properties and assisted in acquiring new fee business and clients
  • Over the course of her career, Mrs. Copeland has been responsible for 110 fee-managed properties in Florida with a total of more than 5,000 affordable units. She has supervised the operation of 34 owner-operated properties totaling 18,000 market rate units. In addition, she has repositioned several assets in the Southeast USA and has designed and implemented effective property management procedures
  • Mrs. Copeland is a Florida Real Estate Licensee and member of CAPS, NAA, and the Bay Area Apartment Association
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Wide-Ranging Expertise
  • Multi-disciplinary team of executives with investment, management and property development careers spanning over 25 years on average
  • Clear, demonstrable track-record in managing all stages of the investment cycle, from acquisition to development, stabilization, lease-up and exit
Informed, Decisive Action
  • Intensive, hands-on, no-nonsense management results in immediate operational improvements and stabilized long-term value
  • Experienced executives get directly involved in evaluating and executing asset business plan and budget requirements in order to achieve maximum results
Clarity of Financial Reporting
  • Institutional-quality reporting allows transparent monitoring of performance against underwriting and budgets, as well as compliance with investment and loan documents
  • Consistency provides investors with a clear understanding of performance