standard real estate investmentThe minority-owned real estate firm, which invests in development projects on behalf of institutions, added: Terrence Williams As a principal leading the company’s Mid-Atlantic operations.
Based in Washington, DC, Williams will work closely with Standard’s president. Jerome Nicholsto handle new investments and developments in the region.
Williams told the Commercial Observer, “The work Standard is focused on developing and doing in a diverse community aligns well with what I do well, building relationships, and what I want to focus my time and energy on. “I also really like the team. Robert (Jouët)Jerome (Nichols), Shubra (jar), Lindsay (Louis), Janine (Kim) I all bring something a little different to the table and the combination is very powerful. ”
Williams previously Trammel Crow Companyand led the development pipeline of urban mixed-use projects in the mid-Atlantic region. During his tenure at TCC, Williams participated in the investment or development of 1,350 residential units, 1.1 million square feet of office and retail space, for a total of 2.4 million square feet of development.
“Terrance’s local relationships, investment acumen and development execution experience will accelerate Standard’s direct real estate capabilities,” Nichols said in a prepared statement. “We have worked with Terrance for many years while running the development fund series. CBRE Most recently in Standard, Terrance was the development lead for TCC. Congress Heights Metro business. It’s great to have him as a partner. ”
The Congress Heights Metro Project is a $290 million mixed-use development at the Congress Heights Metro Station on 13th Street SE and Ward 8 in the district on Alabama Avenue SE, which is expected to be completed next year.
To contact Keith Loria: [email protected].
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