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TCP Realty Solidifies Alliance with PM Realty in Expansion Bid

HOUSTON-TCP Realty Services has selected PM Realty to oversee its Houston portfolio, in what company officials say is a big step in the company's goal to expand to other states.

By Connie Gore | Updated on September 19, 2000

HOUSTON-TCP Realty Services has selected PM Realty to oversee its Houston portfolio, in what company officials say is a big step in TCP’s effort to expand to other states.

Houston-based PM Realty will take over the property management, leasing and construction management, as well as oversee the on-site staff, of a 24-property Houston-area portfolio owned by affiliate TCP Holdings LLC. The linking of the TCP and PR Realty firms is also significant because it might pave the way for TCP Holdings to launch a national acquisition program.

TCP, a Dallas-based firm, owns a portfolio of 50 commercial properties–all of which are in Texas. PM Realty is a large property management firm with regional offices across the nation. PM Realty’s national presence will assist TCP in finding and evaluating investments in other states.

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