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| The
Myers Company (1962-1978) |
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During this 17-year period The Myers Company acquired over 200 land parcels, in 12 states in the Northwest, South and Southwestern United States.
In the early Sixties, Mr. Myers initiated the strategy of buying land at major Interstate off-ramp locations, new major airports, new colleges, and other areas where government projects were being built or expanded and which, when completed, would substantially change the use of the surrounding land.
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TMG researched the Federal Government's construction of the Interstate 5 Freeway; following I-5's route from the Canadian border down the west coast of the United States and ending at the Mexican border. TMG purchased land at major interchanges during I-5's construction.
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In 1971 operations relocated from the West Coast to Orlando, Florida. With the development of Disney World, and Atlanta’s emergence as a major transportation hub, the southeast became a prime area to research for land acquisition and development.
| The
Myers Group (1979-1988) |
| During this 10-year period TMG acquired 240 separate land parcels nationwide, coast-to-coast and border-to-border. Through syndications that were sold exclusively by NASD Broker Dealers, Myers Capital Corporation (MCC), a Myers affiliate, provided investment opportunities for sophisticated investors to purchase land in multiple cities and states nationwide. This allowed multiple individual investors to purchase investment parcels that normally were available only to wealthy individuals or large institutions.
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In 1982, headquarters relocated to Dallas, Texas. During this time acquisitions were made primarily at new freeway off-ramp locations in major growth areas where major government projects were being built. These areas included land near Interstate 75 along the eastern seaboard of Florida from Jacksonville to Miami; Interstate 10 from Seattle to Jacksonville; Interstate 285 surrounding Atlanta; DFW International Airport as it was being built; the new Mexican/American border crossing in Otay Mesa, California; and in many similar areas throughout the United States.
Changes in the federal tax code, combined with an over-saturation of companies involved in the land syndication business, caused land prices to be artificially driven upward. MCC ceased its syndication operations in February, 1986.
Syndex Securities, another Myers affiliate, raised over $800 million in equity capital between 1981 and 1986. This allowed TMG to acquire a $3-1/2 billion pre-development land portfolio nationwide, allowing TMG to become the largest land investment company in the United States. During this time period TMG and its affiliated companies employed over 475 employees and was headquartered in Dallas, Texas.
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 TMG Staff, ca. 1985
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