Multi-Million Dollar Investment Restructured in Austin
Greenville, SC, August 2014—
TIC Properties Management, LLC (TICPM) facilitated a Reorganization for tenant in common owners of 144,000 SF office building in Austin, Texas. With the assistance of counsel, the reorganization and change in ownership structure from a TIC to an LLC was recently approved by the US Bankruptcy Court. The roll up allowed the owners to avoid foreclosure of the property and return to more manageable loan terms.
TIC Properties Management, LLC is a full-service real estate asset management firm. As one of the largest Tenant-In-Common property managers in the United States, TICPM manages over 4 million square feet of commercial and multi-family real estate consisting of 35 properties in 14 states.