Standard real estate investmentsa minority-owned real estate company that invests in development projects on behalf of institutions, added Terrance Williams as a director to lead the company’s Mid-Atlantic operations.
Williams will be based in Washington, DC, and will work closely with Standard’s Chairman, Jerome Nicholsby managing new investments and the development of the region.
“Standard’s focus on development and the work they do in diverse communities aligns well with what I do well, where I have connections and where I want to focus my time and energy,” Williams said. at Commercial Observer. “Besides, I really like the team. Robert (player)Jerome (Nichols), Shubhra (Jha), LindsayLouie, Jernine (Kim) and I all bring something a little different to the table, and the combination is very powerful.
Williams was previously Head of Development at Trammell Crow Company, where he led the development pipeline for urban mixed-use projects in the Mid-Atlantic region. During her time at TCC, Williams was involved in the investment or development of 1,350 residential units and 1.1 million square feet of office and retail space, representing a total of 2.4 million square feet of development.
“Terrance’s local connections, 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 years during our time managing the series of development funds at CBRE and most recently at Standard when Terrance was responsible for developing TCC for our Congress Heights Metro project. It’s great to have him as a partner. »
The Congress Heights Subway Project is a $290 million mixed-use development at the Congress Heights Subway Station at 13th Street SE and Alabama Avenue SE in Ward 8 of the District. It should be completed next year.
Keith Loria can be reached at [email protected].