SAN FRANCISCO and OAKLAND, Calif., July 10, 2017 (GLOBE NEWSWIRE) — Housing developers and multifamily property management firm Thompson International Professionals is expanding into mixed use commercial real estate development with a series of acquisitions and development projects slated to come online in late 2017 and 2018.
This reorganization and expansion repositions Thompson International Professionals as a parent holding company that will allow the company to focus on a wider range of opportunities covering all of the various company holdings in commercial, retail, hospitality, and multi-family developments coming online.
The first new project slated in 2017 is a condominium development project in the San Francisco/Oakland Bay Area featuring 32 Units that is expected to break ground later this year. Other projects will come online over the next year in other locations around the country. ”The executive team is excited about the new reorganization and hopes to make an impact in providing quality housing in underserved inner city markets,” Stated CEO James Thompson.
TIP Real Estate Development will develop new communities and seek acquisitions to add to the firm’s growing portfolio. TIP Real Estate Investment will continue to invest and acquire well-positioned properties leveraging our ROI projections and goals. TIP has wide-ranging experience and partnerships in areas including operations, marketing, sales, branding, training, asset management, business development and communications for a broad range of commercial, retail, and residential classes.
ABOUT THOMPSON INTERNATIONAL PROFESSIONALS COMPANIES
TIP Real Estate Companies provides an end-to-end suite of services including developing exceptional mixed use commercial and community based projects, retail franchises and operations, affordable housing, hospitality, entertainment venue management and productions, and high end condominiums and residential apartment development and management operations for its partners, investors, and its wholly owned subsidiaries. TIP sources high value acquisition opportunities for investors, growing Net Operating Income (NOI), and Return On-Investment (ROI) through exceptional management, and assisting in dispositions. The privately-owned firm is based in New York City with satellite partnership offices in Los Angeles, SF/Oakland, Atlanta, Chicago, and Johannesburg, SA.
CONTACT PAUL JOHNSON (347) 709-2185
Article source: https://globenewswire.com/news-release/2017/07/10/1041893/0/en/Thompson-International-Professionals-to-Acquire-Development-Site-in-SF-Oakland-Bay-Area-to-Develop-32-Condominium-Units.html