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About TM Equities
TM Equities
Inc. was formed in 1973 as Thompson Michie Associates, Inc. ("TMA") by Roger H.
Thompson and James R. Michie. It was formed for the purpose of managing
and developing various forms of real estate. TMA became experienced in
managing for its own account and for the accounts of several clients, many types
of income properties including office buildings, industrial space, apartment
communities, and condominium owners associations. It also developed
significant properties for its own account and in partnership with various
financial institutions. TMA's experience included management of commercial
and residential properties in Utah, Arizona, Colorado, Pennsylvania, Nevada, New
Mexico and Texas. TMA has also been extensively involved in helping
institutions with their own real estate portfolios and acting as receiver for
the courts. TMA has done consulting work for major pension funds and has
acted as expert witness in civil litigation regarding the market conditions and
absorption rates in the Utah real estate market.
Since approximately 1985, TMA and its principals, James R. Michie and Roger H.
Thompson, have been acquiring multi-family apartment properties. Because
TMA's principals came from a development background, TMA knows the challenges in
owning properties. It also feels it has unique expertise in increasing
equity values through sophisticated procedures and in the application of
value-added techniques. TMA's goal in almost all instances is to find ways
to increase the rental rates, net operating income, the net rentable area, or a
possible change of use. Often, cosmetic changes, which are not too
expensive, can make a great difference in the attractiveness and the rentability
of a property. TMA insists that its properties are neat and clean and
present the best "curb appeal" possible.
In
addition, TMA has had extensive experience in the restoration of historic
structures and the rehabilitation of neglected properties. This experience
includes the supervision of complete change-out of electrical and plumbing,
total interior renovations including kitchens and bathrooms, exterior cosmetic
improvements and landscaping. TMA has received community awards for its
restoration and rehabilitation endeavors.
In
2005, TMA sold its property management operations to R. Eric Thompson and
Trenton S. Michie and the company changed its name to TM Equities Inc.,
reflecting is new, primary objective of further acquisition of investment
properties. Thompson Michie Associates, LLC continues to carry on the
legacy of property management excellence developed by Roger Thompson and Jim
Michie.
Roger H.
Thompson CEO, Chairman of the Board, Owner
Roger H. Thompson was born in
Salt Lake City, Utah. He graduated from East High School in 1958.
Roger H. Thompson’s background includes a BA in History from Yale in 1964.
Roger loves to sing and he was a member of the Yale Whiffenpoofs, Yale Glee
Club and the Yale Alley Cats. He served as a missionary for the LDS church
in Germany. Roger obtained a Juris Doctor degree from the University
of Utah College of Law in 1967. He distinguished himself in law school
earning the prestigious Order of the Coif and was a member of the board of
editors of the Utah Law Review. Mr. Thompson practiced law for several
years with the firm of VanCott, Bagley, Cornwall and McCarthy. He then
served as VP and General Counsel with the condominium development firm of
Keith Romney Associates.
Mr. Thompson is a former: President of the Yale Club of Utah, member of the
Real Estate advisory committee for the Yale University Endowment fund,
Secretary of the Board of Governors of the Association of Yale Alumni,
President and board member of Salt Lake City School Volunteers, Inc,
President of the East High School PTSA, member of the Mayor’s Task Force on
Historic Preservation, member of the Mayor’s Committee on Condominium
Conversion Legislation, a past delegate of the Utah Democratic Convention
and a member of the Board of Directors of the State of Utah-Olene Walker
Housing Trust Fund.
He has served as member and VP of the Salt Lake City Board of Education.
He has served as a city councilman and council chair for Salt Lake City and
member of the advisory committee of Re-Development Agency of Salt Lake City.
He is also a former member of the board of trustees of the University of
Utah College of Law alumni association. Roger has served as a Bishop
in the LDS church.
Roger is currently a Licensed Broker in Utah, a commissioner of the Housing
Authority of Salt Lake City, and President of the Utah Symphony Conductor’s
Circle Advisory Council. Roger is an avid tennis player and can be
found on the court many mornings. He enjoys spending time with his
family which now includes 16 grandchildren.
James R.
Michie President, Board Member, Owner
James R. Michie was born in Salt
Lake City, Utah. He graduated from East High School in 1956 where he
was the student body president and active in athletics. He was offered
scholarships to Yale, Columbia University, University of Pennsylvania and
the University of Utah. Jim attended Yale on a scholarship, graduating
with a BA in Economics in 1960 and was elected to Berzelius, Senior Honor
Society. He sang in the Yale Alley Cats singing group. After
attending Stanford Business School he went to work with the Pacific
Telephone Company in northern California. Jim became a securities
broker with Goodbody and Company and started the Salt Lake City office of
DuPont, Glore, Forgan, Inc., a national New York Stock Exchange firm, and
built the office to a staff of 30 people prior to forming Thompson Michie
Associates with Roger Thompson.
Jim has formerly been; President of the Yale Club of Utah, member of the
Real Estate advisory committee for the Yale University Endowment fund,
delegate to the Utah Republican Convention, member of Rotary International,
served as a Bishop in the LDS church, served as Mission President of the
Philadelphia mission in the LDS church, and continues to give generously of
his time to his faith. Jim is a licensed real estate Broker.
An avid runner, Mr. Michie has finished over 30 marathons including the
Disneyworld, Deseret News, St George, Big Sur, Boston, New York and Paris
marathons. Having survived cancer, Jim finished 1st place in his age
group in the 2004 Salt Lake City Marathon. Jim is a talented painter
and artist and loves to spend time with his children and grandchildren in
San Diego, California.
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