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5/20/15
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Trammell Crow Residential (TCR) and Thompson | Dorfman Partners LLC have formed a joint venture that has an initial capital commitment to fund $500 mil for the development of Bay Area multifamily housing.
Under the terms of the agreement, the TDP/TCR venture will seek mixed-use multifamily residential development and acquisition opportunities in urban infill locations throughout the San Francisco Bay Area. TCR is the multi-family division of Dallas, TX-based Crow Holdings. Thompson | Dorfman Partners is a Mill Valley, CA-based developer of multifamily real estate.
"With Thompson | Dorfman's nearly 30 years' experience in the San Francisco Bay Area market, this partnership allows us to tap into TDP's local market expertise to invest in multifamily developments in this under-served region," said Ken Valach, CEO of TCR. "With more than 35 years of experience in residential development and asset management as a national firm, we look forward to reestablishing a presence in the Bay Area."
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