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Overview

Sperry Van Ness/First Guardian Group (FGG) has been a leading firm managing Tenant in Common (TIC) owned properties nationwide for more than 10 years. FGG has an exceptionally strong team comprised of experienced professionals with significant real estate sales, leasing, investing, and asset and property management. The firm’s clients and partners include domestic and international institutions as well as private real estate owners. We are dedicated to providing our clients with creative optimum solutions to meet their complete range of real estate needs.

Since over $300 Billion of CMBS loans are coming due in next 3 years including those on most TIC owned properties, TIC owners are now seeking out assistance with exit options including sale and/or refinancing to maximize the value of their invested equity. FGG is uniquely positioned to help TIC owners and offers a complete range of services as outlined below. Learn More . . . 


TIC Property Sales

Selling TIC owned properties requires very special skills in a variety of areas beside the normal brokerage skills. Challenges are numerous including getting all TIC owners to agree on sales terms, buying out dissenting co-owners, convincing skeptical buyers that TIC owners will not block sales, completing voluminous paperwork on time, etc. FGG has built a solid track record of working through all these issues resulting in one of the highest close ratios in the industry. FGG also uniquely shares commissions with all other brokers and is able to attract many more offers to maximize purchase offers. Learn More…


TIC Asset Management

Many TIC owners are growing dissatisfied with the faltering performance of their current Asset Managers coupled with excessive management fees. FGG has been very successful in helping owners in achieving successful management transitions from other management firms and then providing high quality services that increase the value of their properties.  Learn More…


Property Management

FGG is unique in utilizing “best of class” local property managers and leasing specialists across the US to meet the needs of TIC owners. Unlike other TIC managers who typically only work with their own employees, FGG can harness the power of the most qualified local resources to meet the objectives of TIC owners.  Learn More…


CMBS Loan Work-Outs

Most TIC owned properties are financed with Commercial Mortgage Backed Securities (CMBS) loans,. These loans are very different in their structure as compared to traditional loans and often have very high prepayment penalties as well high restructuring costs. FGG has worked with all leading loan servicers involved with CMBS loans including  CIII, Midland, LNR, CW Capital and has strong lender relationships that can leveraged to help TIC owners negotiate the best possible options. Learn More…


Consulting/Audits/Legal

FGG provides specialized consulting services including coordinating legal and accounting specialists to assist TIC owners. We have recently added a forensic accounting capability to assist owners to determine if there has been past mismanagement of funds.  Learn More…