Formed as a Washington Limited Liability Company, Tarragon's primary purpose is the creation of long-term lease and sale opportunities for outside companies and entities where we share in the ownership, or provide fee development work on a case-by-case basis. Our focus is in the retail and mixed-use, light industrial, office and multi-family residential real estate markets.
As a vertically integrated real estate development company, Tarragon possesses all the necessary resources to develop projects from land acquisition, entitlement, design and construction through to property management. We contract with the most professional and skilled consultants in the industry, and continually strive to identify ways in which each project can better serve its tenants, partners and the community.
Tarragon's principals have developed more than 10 million square feet of commercial and multi-family real estate projects in the Puget Sound area, with all decisions being made at the local level.
Tarragon's Financial Capacity and Creativity
Our financing experience includes land development, municipal bonds, construction, mini-perm, permanent and line-of-credit financing. In its history, Tarragon has financed more than $1 billion and has maintained working relationships with more than a dozen banks, including most major regional and national banks located in the Puget Sound region.
Tarragon's Long-Term Perspective
Unlike many developers, Tarragon and its related entities have maintained an ownership position in more than 85 percent of the projects the company has developed. This differs greatly from the more typical merchant developer approach used by many of our competitors. As a portfolio developer, we believe we...- Develop projects with higher-quality design and construction and that provide state-of-the-art building features to meet our tenants' long-term needs.
- Pursue superior tenants who satisfy the immediate financial objectives of the project as well as enhance its long-term value.
- Recognize that financial structuring is critical to allow flexibility throughout the period of asset ownership.
- Use sophisticated cost accounting systems to maximize tax benefits for long-term ownership and to provide detailed financial reporting that allows complete understanding of a project's performance.
- Are aware of our tenants' current and anticipated future needs and work to accommodate expansion and contraction plans that benefit everyone involved.
Tarragon's Vision
To be a highly respected and preferred developer of quality, community-based real estate projects that align with the long-term needs of our customers.
Tarragon's Mission
To create diverse real estate investment opportunities for select investors by providing an experience backed by personal commitment and thoroughness that result in pride of ownership, community satisfaction and financial success.
