Tenant-In-Common Company - STILL GROWING STRONG

December 18, 2006 (PRLEAP.COM) Business News
Greenville, SC (December 18, 2006) – TIC Properties, LLC based in Greenville, SC, continues to grow strong and rank high among South Carolina’s and the nation’s fastest growing companies.

Number 9 in the state ranking for 2006, TIC Properties has previously been ranked number 2 and number 7 respectively in the SC Chamber of Commerce/Elliott Davis ranking for SC based companies, TIC Properties continues to build upon its reputation in the “Tennant In Common” real estate market and Greenville, South Carolina’s portfolio of successful business’s. “To be recognized by the Chamber and Elliott Davis and be ranked in the top 10 as one of South Carolina fastest growing companies for the past 3 years has been a tremendous honor for us,” says Trevor Gordon, president of TIC Properties, LLC. “It not only shows the strength of our business model and our industry, but also the economic strength of South Carolina, and being a South Carolina based firm.”

Along with a history of top rankings in South Carolina, TIC Properties was also ranked number 36 in the Inc. magazine’s annual list of the 500 fastest growing privately owned companies in the country. “I can attribute our continued successes and recognition of such directly to the people we surround ourselves with,” says John Boyd, CEO and founder of TIC Properties, LLC. “Our professional staff members make TIC Properties work. They continue to make tremendous contributions on a daily basis and deserve all the credit and recognition in the world for these successes.” Boyd continues, “Surrounding yourself with quality, capable personnel is the easiest way to achieve success in business.”

TIC Properties was created to meet the growing needs of individual investors seeking alternative replacement property choices when executing an Internal Revenue Code Section 1031 tax deferred exchange. The 1031 exchange allows an owner of investment property to sell one asset and reinvest the proceeds into another while deferring the capital gains and depreciation recapture liabilities from the sale.

“We offer Main Street investors access to institutional grade real estate, and offer the ability to reduce some of the exchange risk for real estate investors,” states Gordon. “Buying real estate is easy, understanding real estate is different. In addition to meeting an investors exchange needs, we also eliminate the day-to-day management headaches many are trying to escape. Tenant-in-Common programs really have grown in popularity because they are as much a solution as an investment.”

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.