TIC PROPERTIES, LLC ENTERS THE “MULTI-FAMILY” PLATFORM - CREATES ADDITIONAL INVESTMENT OPPORTUNITIES FOR CLIENTS

Greenville, SC – TIC Properties, LLC based in Greenville, SC, enters into the Multi-Family investment arena with the hiring of Steve Schoenbaechler as Senior Vice President of Multi-Family investments.

Historically, TIC Properties has focused on office and industrial properties for its core investment programs. The expansion into Multi-Family investment properties will provide greater portfolio opportunities for the company and additional diversification options for its clients. “The fundamentals of the apartment market are improving with occupancy and effective rental rates increasing in most of our target markets. With the prospects for continued economic expansion, and a favorable interest rate environment, we believe investment in Multi-Family assets remain a viable option for TIC Properties, LLC and its clients,” says Mr. Schoenbaechler.

“The decision by TIC Properties to pursue multi-family investments represents a unique opportunity for both the company and its clients. I first met John Boyd, CEO and Founder, and his associates three years ago and since then have followed the company closely,” says Mr. Schoenbaechler. “I am impressed with TIC Properties’ solid reputation and ethical standards as well as its growth. TIC Properties has a solid platform that that will ensure success in this new Multi-Family venture.”

Target areas for TIC Properties Multi-Family venture will be the Southeast, Southwest, and Midwest markets but will be looking at product in other areas as well. Multi-Family investments over $10 million will be their primary focus.

Steve Schoenbaechler brings with him 25 years of experience in commercial real estate primarily in acquistions, asset management, dispositions, and finance. Before TIC Properties, he was responsible for asset management with The Milestone Group, Inc, of Greenville, SC, and has held executive positions with Insignia Financial Group, Intersouth Properties, and Jacques Miller. He holds his BBA and MBA from the University of Kentucky, Lexington.

“Steve’s approach to complex projects is deliberate and highly organized,” says Henry Horowitz, President of Oxford Capital Partners, LLC. “He has tremendous ability to make investment decisions based on a thorough understanding of all variables,” states Frank Garrison, President of Overton Capital, LLC. “Steve is an individual focused on the tangible factors that drive Multi-Family operating margins,” comments Steve Lamberti, President and COO of Milestone Management, LLC. All commendable accolades to Mr. Schoenbaechler and to the great addition he will be at TIC Properties.

###
TIC Properties, LLC, is an award winning and nationally recognized real estate investment firm based in Greenville, SC specializing in Tenant in Common (TIC) replacement property opportunities. Their TIC programs offer individual investors access to institutional grade properties nationwide designed with the 1031 exchange client in mind. TIC Properties acquired over half a billion dollars assets representing 3.7 million square feet nationwide. They specialize in single and multi-tenant industrial; flex space, retail, and office properties. They seek to acquire class A to C properties valued over $10 million across the country.