TCC News Alert Triangle Capital Coproration (TCC) 25.45 02/14/2015

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Triangle Capital Coproration (TCC) 25.45 $TCC

Bluerock Residential Growth REIT to Develop Class A Multifamily Community in Texas Medical Center Vicinity with Trammell Crow Residential
GlobeNewswire - Tue Jan 13, 5:13AM CST
via PRWEB - The largest medical complex in the world, Texas Medical Center encompasses 21 hospitals, multiple medical and nursing schools and more than 106,000 employees, and is expanding from its current 46 million square feet to 59 million square feet.
BRG: 13.65 (+0.31), TCC: 25.45 (-0.02)

Olympus Property acquires Union at Carrollton Square
PR Newswire - Tue Dec 09, 2:18PM CST
Olympus Property has announced the acquisition of Union at Carrollton Square, a 311-unit luxury Class-A apartment community centrally located in downtown Carrollton, Texas from High Street Residential, the residential subsidiary of Trammell Crow Company, one of the nation's largest commercial developers and investors. High Street Residential completed the project in two phases in 2013 & 2014 making it the City of Carrollton's first and only transit-oriented development.
TCC: 25.45 (-0.02)

Trammell Crow Residential Opens Regional Office in Washington, D.C.
PR Newswire - Wed Oct 01, 9:45AM CDT
Trammell Crow Residential ("TCR" , America's premier multi-family real estate company -- and the only national group with more than 35 years of experience in residential development and asset management - today announced that it has opened a new regional office in Washington, D.C., to serve the fast-growing mid-Atlantic region, which includes Virginia, Maryland and Washington, D.C. Leonard Wood, who currently leads TCR's Southeast practice from Atlanta, will add the mid-Atlantic region to his oversight portfolio. Robert ("Robbie" Brooks has joined TCR from Jefferson Apartment Group, where he served as Senior Vice President and Partner, to provide onsite leadership of the new mid-Atlantic operations.
TCC: 25.45 (-0.02)

BRG Closes Investment in Alexan CityCentre, a 340-Unit Class A Development in Houston; Announces Trammell Crow Residential as Development Partner
GlobeNewswire - Tue Jul 08, 5:58PM CDT
via PRWEB - BRG's underwriting projects a trended return on cost for the project of over 7.0% at stabilization, for value creation of 200 to 250 basis points versus sales of comparable multifamily communities in the Houston, Texas area at 4.5% - 5.0%, the Company said. The investment is forecast to generate a 15% AFFO yield during the development phase.
BRG: 13.65 (+0.31), TCC: 25.45 (-0.02)




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