TJM purchased the 42 unit Belleair Beach Club in 2012. After the purchase, TJM began extensive renovations to the property including the exterior improvements as well as the guest rooms. After the renovation TJM formed a condo association and started selling off units. The average selling price per unit was $200,000. TJM sold 18 Beach Front units and used the remaining units to run as a hotel before selling the property in November of 2015 .