Tallen Capital Partners

What Tallen Capital Partners does

Tallen Capital Partners, LLC is a privately held real estate investment, development, and asset services firm founded in 2001 by Terrence (Terry) Tallen and domiciled in California. The firm operates a vertically integrated platform spanning property acquisition, financing, entitlement, redevelopment, brokerage, and asset management for retail and mixed-use assets ranging from $5 million to $100 million in deal size. It serves three primary counterparties: national credit tenants (Walmart, Target, CVS, Starbucks, Bank of America, See's Candies, West Marine) seeking strategic locations with expedited entitlement; property owners, landowners, and municipalities looking to unlock value from underperforming or distressed assets; and capital partners entering joint ventures.

The firm's core operating activities center on value-add repositioning — acquiring underperforming shopping centers, retailer surplus real estate, and dark-box properties, then executing entitlements, redevelopment, and tenant repositioning before disposition or long-term ground lease to institutional-grade tenants. Notable investments include Marin Gateway (acquired for $21M, sold for $36M), Marina Landing ($8M investment exited to Walmart for over $21M), and Rossmoor Shopping Center. Its wholly owned brokerage subsidiary, Retail Investment Property Advisors, procures leases and manages third-party properties, generating commission and asset-management fee revenue alongside ground lease income from anchor tenants.

Geographically, TCP is concentrated in California (Mill Valley headquarters, Del Mar office) with a Midwest office in Carmel, Indiana, and a stated operating footprint spanning the Western United States, Midwest, and Florida. Active capital deployment includes the 2026 closing of Irvington Plaza (Indianapolis, 15.75 acres, $150M+ planned investment), the in-escrow acquisition of approximately 50 acres of Sunrise Mall in Citrus Heights (CA) for a 160,000 SF sports and entertainment complex in partnership with The Mettle Shop, and the rezoning of Marina Landing for mixed-use residential. Capital structure is bootstrapped with no disclosed institutional or PE/VC investment; the firm relies on the founder's equity, JV partnerships, and debt financing on individual assets.

Name

Tallen Capital Partners

Legal name

Tallen Capital Partners, LLC

Website

https://tallencapital.com

Company type

Private

Founded year

2001

Operating status

Operating

Headcount range

1–10 employees

Short description

Tallen Capital Partners is a privately held real estate investment and development firm that acquires, entitles, and redevelops underperforming retail and mixed-use properties ($5M-$100M deals) across California, the Midwest, and Florida for national credit tenants, landowners, and municipal partners, structured via joint ventures and operated through its wholly owned brokerage subsidiary.

Ownership category

akta.pro rank

Headquarters

HQ city

Del Mar

HQ country

United States

HQ region

North America

Offices12 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Infrastructure

Revenue model

1. Property Development and Disposition: Acquires underperforming properties, adds value through redevelopment and entitlements, then sells for profit. Example: acquired Rossmoor Shopping Center, redeveloped it, and sold. Marin Gateway acquired for $21M and sold for $36M.
2. Ground Lease Revenue: Enters long-term ground leases with national credit tenants (Walmart, Bank of America, Starbucks). Generates steady recurring cash flow from anchor tenants over multi-decade lease periods.
3. Brokerage Services: Wholly owned brokerage subsidiary Retail Investment Property Advisors procures leases and manages properties for third parties, generating commission-based revenue.
4. Asset Management: Manages properties for ownership groups and joint venture partners, providing ongoing asset management services.

Pricing tiers

Go-to-market motion3 records

Distribution channels4 records

Marketing channels6 records

Core offering

Tallen Capital Partners is a vertically integrated commercial real estate investment and development firm that acquires underperforming retail and mixed-use properties, adds value through entitlements and redevelopment, procures national credit tenants, and either dispositions the properties for capital gains or holds them for recurring ground lease cash flow. The firm also operates a wholly owned brokerage subsidiary (Retail Investment Property Advisors) that provides leasing and asset management services to third-party ownership groups, and delivers all of this through direct deal execution targeting opportunities from $5 million to $100 million.

Product overview

Tallen Capital Partners is a privately held real estate investment, development and asset services company that operates a vertically integrated platform consisting of retail and mixed-use property acquisition, development, brokerage, and asset management services. The core offerings include direct real estate ownership and redevelopment of shopping centers and retail properties across California and the Midwestern US, supported by the company's wholly owned brokerage subsidiary Retail Investment Property Advisors and the Tallen Time Podcast content platform.

Differentiator

Problem solved

Functional benefit

Products and services

• Retail Investment Property Advisors (Brokerage Services) Wholly owned brokerage subsidiary of Tallen Capital Partners that handles retail property leasing, acquisitions, and dispositions across the company's portfolio and for third-party ownership groups; generates commission-based revenue from tenant representation and landlord leasing assignments.
• Value-Add Retail and Mixed-Use Property Acquisition & Redevelopment Vertically integrated acquisition, entitlement, redevelopment, and disposition service targeting underperforming shopping centers, retailer surplus real estate, dark boxes, and mixed-use properties from $5 million to $100 million in size; offered to landowners, municipalities, and joint venture partners.
• National Credit Tenant Ground Lease Program Long-term ground lease structuring service with national credit tenants (Walmart, Target, CVS, Starbucks, Bank of America, See's Candies, West Marine) producing multi-decade recurring ground rent cash flow; offered to tenants seeking strategic, high-visibility retail locations.
• Asset Management Services Asset management service for joint venture partners and third-party ownership groups, covering properties managed by TCP across California and the Midwest; produces managed-services revenue for the firm.
• Tallen Time Podcast Original podcast content produced by Tallen Capital Partners covering sports, business, philanthropy, and mentoring; features interviews with sports figures, nonprofit leaders, and business executives, and enables donations to featured charities.

Quantifiable outcome

• Marin Gateway acquired for $21M and sold for $36M - achieved outstanding returns on invested capital
• +4 more outcomes

Named customers12 records

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Partnerships

Ten partnerships are on record, tiered core, minor and major.

• The Mettle ShopcoreStrategic or Co-development Partner · 6 March 2026Sports and entertainment venue developer partnering with Tallen Capital Partners and City of Citrus Heights to develop 160,000 SF sports and entertainment complex at Sunrise Mall. The Mettle Shop will acquire land and construct the facility featuring 4,000-seat arena, NHL-sized ice sheets, and multi-use turf fields.
• Namdar Realty GroupminorOthers · 6 March 2026Majority owner of Sunrise Mall property. Tallen Capital Partners is in the process of acquiring the Sunrise Mall from Namdar Realty Group of Long Island, NY.
• Heller Realty & DevelopmentcoreStrategic or Co-development PartnerLos Angeles-based real estate development firm. TCP partnered with Heller to acquire and develop Napa Tahoe Crossings, Marina Landing, and other projects. Served as master developer for entire Napa Tahoe project.
• Pacific Coast Capital Partners and BHVmajorStrategic or Co-development PartnerPartners with TCP and its brokerage subsidiary Retail Investment Property Advisors on Marin Gateway redevelopment. Jointly acquired property for $21M and sold for $36M achieving outstanding returns.
• Citivest CommercialmajorStrategic or Co-development PartnerTCP partnered with Citivest Commercial and an international institutional financial partner to purchase Rossmoor Shopping Center in 2012. Citivest directed redevelopment planning, construction, and leasing operations alongside TCP.
• City of MarinacoreStrategic or Co-development PartnerLong-term partnership with Marina city leadership for Marina Landing redevelopment. TCP worked with Mayor, City Manager, and Planning staff to obtain entitlements for Walmart. Currently pursuing rezoning for mixed-use residential development.
• Positive Coaching AlliancecoreStrategic or Co-development PartnerTerry Tallen is PCA board member and made significant lead gift donation to launch Lee Corso Legacy Fund. Actively involved in funding youth sports programs and coaching recognition through PCA.
• Tallen Irvington Plaza, LLC (TIP)coreOthersJoint venture entity formed with local Indianapolis partners to acquire and revitalize Irvington Plaza. Terry Tallen leads TCP with local partners operating as TIP for the 15.75-acre redevelopment.
• Indianapolis Department of Metropolitan DevelopmentmajorStrategic or Co-development PartnerWorking with DMD and top land use counsel Joe Calderon of Barnes & Thornburg to rezone portions of Irvington Plaza to Mixed Use (HU-2) status for high density residential housing.
• Retail Investment Property AdvisorscoreOthersTCP's wholly owned brokerage subsidiary that procures leases and manages properties for company-owned assets and third-party ownership groups.

Scale indicators9 records

Recent moves5 records

Expansion highlights6 records

Direct peers

• Regency Centers: Public REIT focused on grocery-anchored neighborhood shopping centers leased to credit-grade national retailers. Comparable tenant mix and necessity-based retail thesis to TCP.
• Phillips Edison & Company: Public REIT focused on grocery-anchored neighborhood shopping centers, with active redevelopment and anchor-repositioning programs analogous to TCP's playbook.
• Retail Opportunity Investments Corp: Public REIT that acquires, owns and leases necessity-based shopping centers on the West Coast and in densely populated markets. Strong overlap with TCP's geographic and tenant focus.
• SITE Centers: Public REIT focused on open-air shopping centers anchored by necessity-based retailers. Comparable scale, tenant profile, and value-add orientation to TCP's portfolio.
• BKM Capital Partners: Private fund manager focused exclusively on value-add, last-mile retail and small-shop shopping centers in Western US markets. Closest scale-comparable private peer to TCP's opportunistic West Coast strategy.
• Kimco Realty: Public REIT and one of the largest shopping center owners in North America, focused on open-air centers with national/grocery anchors. Closely aligned business model and tenant strategy.
• Brixmor Property Group: Public REIT that owns and operates open-air shopping centers anchored by national credit tenants. Directly comparable to TCP's value-add retail real estate model and national-tenant focus.
• Westwood Financial: Private owner-operator of unanchored shopping centers primarily in California and the Western US. Comparable footprint, tenant mix, and value-add redevelopment orientation.
• Federal Realty Investment Trust: Public REIT specializing in high-quality open-air shopping centers and mixed-use districts in supply-constrained coastal markets. Comparable to TCP's infill and coastal California focus.
• Kite Realty Group Trust: Public REIT focused on open-air shopping centers in growth markets with active redevelopment and value-add programs. Comparable tenant profile and redevelopment orientation.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/in/terrence-terry-tallen-87774a11b

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 records

Subsidiaries2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Tallen Capital Partners