Transwestern — delivery record

Artificial Intelligence
Builders Company

TranswesternHouston, United States · founded 1978 · 1 active markets

PRIVATE

Transwestern is a privately held, vertically integrated commercial real estate firm developing and investing in logistics, multifamily, healthcare, life sciences, mixed-use and office properties across the United States. It serves investors, owners, occupiers, partners and clients through development and investment.

Years in business

founded 1978

LinkedIn headcount

2,911

employees, as shown on LinkedIn · size band 1,001–5,000

Portfolio value

USD 9 billion

since 2012

Assets under management

USD 64 billion

April 1, 2026

Total projects

94 Developments Completed/ Underway

across the company’s whole history

Units delivered

7,014 Multifamily Units

as the company states it

Projects last researched October 11, 2026

Every figure on this card was read out of a document.

Overview

Investor tear sheet

a summary of the tabs that follow · no rating of our own

Company dossier

Legal name: Transwestern Commercial Services, LLC¹
Headquarters: 1900 West Loop South, Suite 1300¹, Houston¹, United States
Founded: 1978¹
Entity type: PRIVATE¹
Business model: commercial¹, mixed use¹
Markets: 1 market listed
What they build: Industrial (5 of 6) · Residential, for rent (1 of 6)

Full dossier in About →

Delivery record

3 date-assessed of 6 projects

Unverified by developer

AI-researched delivery record, not yet confirmed by the developer. Dates may be approximate; original sources are linked.

Completed projects from 2016-10-15 through 2026-10-15, with sufficient delivery-date evidence. Date assessment and developer profile verification do not mean an independent audit of every source. Original source links and available snippets are provided. May not represent the developer’s full portfolio. 0 undated and 0 boundary-uncertain completions are excluded. Delivery exceptions are listed separately under Projects.

Completed projects assessed

within the rolling ten-year window

Median delay

0.0 mo

the middle of 3 scored projects

Average delay

+1.7 mo

the same projects, pulled by the worst

Average time to deliver

1.3 yrs

start to completion, over 3 delivered projects

Worst slip

+5.5 mo

East Belt Logistics Park · 0.0 to +11.0

early or less than 6 months late

6 to 12 months late

yellow rows below

Over 12 months late

red rows below

Against other developers

3 date-assessed here · 263 developers, 994 date-assessed projects in United States

Median delay

Transwestern·263 developers in United States

0.0 mo vs +4.5 mo

this developer 4.5 mo better

The typical project on each side.

Average delay

Transwestern·263 developers in United States

+1.7 mo vs +7.3 mo

this developer 5.6 mo better

Both pulled by their worst few.

On time

Transwestern·263 developers in United States

100% vs 56%

this developer 44 pts better

Share of date-assessed projects delivered early or less than 6 months after the original target. Exactly 6 months late is excluded.

Average time to deliver

Transwestern·263 developers in United States

1.3 yrs vs 2.8 yrs

this developer 1.5 yrs faster

Start to completion, over 3 delivered here and 818 in the market.

Projects and timelines in Track Record →

Resident experience

1 of 6 buildings rated · scale 1–10

AI research over published reviews and resident comments. Scores are a model’s reading of opinion, not figures stated on a page, and nothing here feeds any number above it. The links under each block are the pages that research says it used. Based on available resident reviews of covered buildings. These are reported experiences, not independent building inspections, and may not represent all residents or properties.

Overall verdict

6.8/ 10

Weighted judgment across build and operations · from 1 of 1 rated building

Little structure evidence (1 of 1 building) — this rests mainly on whole-building and living reviews.

Structure & systems

6.7/ 10

Fabric, services, waterproofing, envelope · from 1 of 1 rated building

Management & living

6.7/ 10

Upkeep, response times, amenities, community · from 1 of 1 rated building

Against other developers

not enough rated buildings yet

Not enough rated buildings in United States yet to compare against.

Ratings by building →

Awards & recognition

RANKING Ranked 2025 ranking, reported January 2026
2025 Top Commercial Real Estate Developers
Transwestern ranked eighth in Commercial Property Executive’s 2025 list of top commercial real estate developers; the ranking reported 9.4 million square feet completed between 2022 and 2024 and 5.9 million square feet underway as of June 2025.
Commercial Property Executive · https://www.commercialsearch.com/news/top-commercial-real-estate-developers/
PROJECT AWARD Winner 2020
Project Excellence Award · The Foundry
The developer reports that The Foundry, developed by predecessor company Perseus TDC before its 2023 transition to Transwestern Development Company, received CREW DC’s 2020 Project Excellence award.
CREW DC · https://transwestern.com/news-detail/mid-atlantic-cre-developer-perseus-tdc-becomes-transwestern-dev…
PROJECT AWARD Winner 2021
Best Building in Adaptive Reuse Award · The Foundry
The developer reports that The Foundry received NAIOP’s 2021 Best Building in Adaptive Reuse award; the project was developed by predecessor company Perseus TDC, which became Transwestern Development Company in 2023.
NAIOP · https://transwestern.com/news-detail/mid-atlantic-cre-developer-perseus-tdc-becomes-transwestern-dev…
1 more in Awards

All awards →

Risks & source coverage

LEGAL Judgment affirmed July 26, 2023; judgment satisfaction reported August 16, 2023 A federal court entered judgment against Transwestern Development Company and TDC Logistics in a breach-of-contract dispute over project-success payments; the Fourth Circuit affirmed on July 26, 2023, and a later court record states the companies satisfied the judgment in full by paying $1,837,821.73 on August 16, 2023. This is a resolved adverse judgment, not an allegation that remains pending.
law.justia.com · https://law.justia.com/cases/federal/district-courts/maryland/mddce/1:2023cv00881/534003/77/
LEGAL Reported September 17, 2024; the alleged severe leak referenced in the suit occurred in March 2023 MedProperties sued 11 defendants over alleged concealment of severe sewage leaks at a Tomball health-care property; Transwestern Development Company was named as the property-management defendant, while the report said it was not part of the alleged price-inflation allegations and that defendants had not yet responded.
therealdeal.com · https://therealdeal.com/texas/houston/2024/09/17/medproperties-sues-for-allegedly-hidden-plumbing-pr…
PROJECT CANCELLED February 9, 2017 Transwestern scrapped plans for a West University luxury condominium midrise after four units had been purchased, according to the Houston Business Journal; the report does not state the buyers’ ultimate refund or other resolution.
bizjournals.com · https://www.bizjournals.com/houston/news/2017/02/09/exclusive-houston-developer-scraps-plans-for-wes…
5 more in Risk & Sources

Record status: active
Company sources: 161 source entries across 161 fields
Projects tracked: 6 · 6 completed in assessment

All flags and sources →

Track Record

Delivery record

3 date-assessed of 6 projects

Unverified by developer

AI-researched delivery record, not yet confirmed by the developer. Dates may be approximate; original sources are linked.

Completed projects assessed

within the rolling ten-year window

Median delay

0.0 mo

the middle of 3 scored projects

Average delay

+1.7 mo

the same projects, pulled by the worst

Average time to deliver

1.3 yrs

start to completion, over 3 delivered projects

Worst slip

+5.5 mo

East Belt Logistics Park · 0.0 to +11.0

early or less than 6 months late

6 to 12 months late

yellow rows below

Over 12 months late

red rows below

Against other developers

3 date-assessed here · 263 developers, 994 date-assessed projects in United States

Median delay

Transwestern·263 developers in United States

0.0 mo vs +4.5 mo

this developer 4.5 mo better

The typical project on each side.

Average delay

Transwestern·263 developers in United States

+1.7 mo vs +7.3 mo

this developer 5.6 mo better

Both pulled by their worst few.

On time

Transwestern·263 developers in United States

100% vs 56%

this developer 44 pts better

Share of date-assessed projects delivered early or less than 6 months after the original target. Exactly 6 months late is excluded.

Average time to deliver

Transwestern·263 developers in United States

1.3 yrs vs 2.8 yrs

this developer 1.5 yrs faster

Start to completion, over 3 delivered here and 818 in the market.

The market here is United States: every other developer whose head office is in the same country, because planning regimes and reporting norms move together within one. It is not a city, a sector or a size band. Read the two delay figures together. A median close to the market with a much better average means no single disaster; the reverse means one project is carrying the record. Time to deliver runs from the earliest start we hold to the completion itself — a construction start where a source gave one, otherwise a sales launch, otherwise the launch year read as its January. A handover the sources place only inside a year is read as that December, so a duration is the widest the record allows rather than the flattering end of it. Only delivered projects dated at both ends count, so it is taken over fewer projects than the delay figures, and a long build is not a fault: a tower is not a villa run. Sourced figures only, both sides, and values taken from documents held on file are excluded here — a developer who shares their records should not score better than one who does not.

Construction start to handover

6 of 6 projects dated · 3 places

Based on covered projects with documented construction or launch dates and available handover dates. Timelines vary by project and may not represent the developer’s full portfolio.

Construction start, or the launchTarget completion (window)Completion or handover, as reportedCurrently statedLaunch year only, no date publishedEarly or ≤6 mo lateOver 6–12 mo lateOver 12 mo lateStalled

Houston, United States

Fort Worth, United States

Tempe, United States

Click a row in the chart to open a project, or a table row below to see its sources. The chart runs wider than the page where the record spans many years — scroll it sideways to follow a project to its handover. Every date we have is drawn. A hollow marker is only a launch year, not a date anyone published. No dates published means we looked and found none; dates not yet checked means we have not looked yet. Handing over is not finished — rows say which. A delay is shown when one source gives the promised date and another gives the real one, however rough: "2019" still counts, and the row shows how wide that is. Projects missing one of the two dates, or with sources that disagree, are left out of the figures. 1 turned out to be about something else — a phase, a neighbour, the wider masterplan — and is marked off-subject.

Building & Livability Ratings

Resident experience

1 of 6 buildings rated · scale 1–10

Overall verdict

6.8/ 10

Weighted judgment across build and operations · from 1 of 1 rated building

Little structure evidence (1 of 1 building) — this rests mainly on whole-building and living reviews.

Structure & systems

6.7/ 10

Fabric, services, waterproofing, envelope · from 1 of 1 rated building

Management & living

6.7/ 10

Upkeep, response times, amenities, community · from 1 of 1 rated building

Against other developers

not enough rated buildings yet

Not enough rated buildings in United States yet to compare against.

By building

1 rated · 5 not rated · scale 1–10

Project	Overall	Structure & systems	Management & living
VeroNovus Innovation Corridor, Tempe199 units	6.8/ 10	6.7/ 10 Find My Place 4/5 · 5 reviews · findmyplace.co Find My Place publishes 4/5 from 5 reviews. Adjusted for where resident ratings usually fall, and weighted toward the 6.5 midpoint (more strongly the fewer the reviews), that gives 6.7.	6.7/ 10 Find My Place 4/5 · 5 reviews · findmyplace.co Find My Place publishes 4/5 from 5 reviews. Adjusted for where resident ratings usually fall, and weighted toward the 6.5 midpoint (more strongly the fewer the reviews), that gives 6.7.
Google Reviews/Maps provides the largest review base at 4.3/5 from 36 reviews, converting to a 7.0 anchor under the specified curve. The score is adjusted for repeated praise of staff, cleanliness and maintenance, while billing/fee complaints and a reported package-security incident pull it down; no structural score is assigned because published material did not provide review evidence about building systems or fabric. exa.ai findmyplace.co apartmentratings.com novusasu.com		+ Helpful staff and managers+ Clean common areas+ Well-maintained apartments+ Good fitness center+ Safe and walkable location − Billing and fee transparency concerns− High additional parking and amenity fees− Package theft report− Hallway loitering report− Delayed or unclear resident-service responses
no notes returned no links returned	Published reviews frequently praise staff members and management: one resident said Candace was “helpful, responsive, and always has a positive attitude,” while another described the community as “clean, well-maintained.” Negative feedback is operational rather than structural, including “zero transparency” around billing, allegedly inflated fees, and one resident’s report that a package was stolen and people loitered in hallways. exa.ai findmyplace.co apartmentratings.com

Project

Overall

Structure & systems

Management & living

VeroNovus Innovation Corridor, Tempe199 units

6.8/ 10

6.7/ 10

Find My Place 4/5 · 5 reviews · findmyplace.co

Find My Place publishes 4/5 from 5 reviews. Adjusted for where resident ratings usually fall, and weighted toward the 6.5 midpoint (more strongly the fewer the reviews), that gives 6.7.

6.7/ 10

Find My Place 4/5 · 5 reviews · findmyplace.co

Find My Place publishes 4/5 from 5 reviews. Adjusted for where resident ratings usually fall, and weighted toward the 6.5 midpoint (more strongly the fewer the reviews), that gives 6.7.

Google Reviews/Maps provides the largest review base at 4.3/5 from 36 reviews, converting to a 7.0 anchor under the specified curve. The score is adjusted for repeated praise of staff, cleanliness and maintenance, while billing/fee complaints and a reported package-security incident pull it down; no structural score is assigned because published material did not provide review evidence about building systems or fabric.

exa.ai findmyplace.co apartmentratings.com novusasu.com

+ Helpful staff and managers+ Clean common areas+ Well-maintained apartments+ Good fitness center+ Safe and walkable location

− Billing and fee transparency concerns− High additional parking and amenity fees− Package theft report− Hallway loitering report− Delayed or unclear resident-service responses

no notes returned

no links returned

Published reviews frequently praise staff members and management: one resident said Candace was “helpful, responsive, and always has a positive attitude,” while another described the community as “clean, well-maintained.” Negative feedback is operational rather than structural, including “zero transparency” around billing, allegedly inflated fees, and one resident’s report that a package was stolen and people loitered in hallways.

exa.ai findmyplace.co apartmentratings.com

Only buildings that have reached handover are rated. 5 of 6 projects carry no rating: a building still under construction is never asked about, one that has just been handed over may not have been reached yet, and the rest were asked about and no published resident commentary was found. Structure is fixed at handover and stays the developer's; management and living belongs to whoever runs the building now. The overall verdict weights both rather than averaging them. None of this is checked: a rating is what people published about a building, aggregated — it is not evidence, it cannot move a delay figure, and it is not part of the delivery record above.

About

Company dossier

Legal name

Transwestern Commercial Services, LLC

Headquarters

1900 West Loop South, Suite 1300, Houston, United States

77027

Founded

1978

Entity type

PRIVATE

Revenue

not published

Business model

commercial, mixed use

Offices

head office and 32 others

AtlantaAustinBethesdaWinston SalemChicagoDallasGreenwood VillageDes MoinesTroyFort WorthLas VegasLos AngelesMilwaukeeMinneapolisNashvilleMandevilleNew YorkChesapeakeMcLeanIrvineOrlandoPhiladelphiaPhoenixRosemontSan AntonioSan DiegoSan FranciscoBellevueCoral GablesSt. LouisWalnut CreekWashington, D.C.

Sources: office cities

COMPANYdate not shown in source

Offices

Transwestern

#### Atlanta https://transwestern.com/location/atlanta 3343 Peachtree Road NE, Suite 1850 Atlanta, Georgia 30326 P: 404.842.6600 #### Austin https://transwestern.com/location/austin 901 S. MoPac Expressway, Building 4, Suite 250 Austin, Texas 78746

value seen: Atlanta; Austin; Bethesda; Winston Salem; Chicago; Dallas; Greenwood Village; Des Moines; Troy; Fort Worth; Las Vegas; Los Angeles; Milwaukee; Minneapolis; Nashville; Mandeville; New York; Chesapeake; McLean; Irvine; Orlando; Philadelphia; Phoenix; Rosemont; San Antonio; San Diego; San Francisco; Bellevue; Coral Gables; St. Louis; Walnut Creek; Washington, D.C.

held out of the figures · the quote does not carry this value

value paraphrased from this source

https://transwestern.com/public/TDC/offices.html

Partners

1 partner

Hanover Company

joint venture

Joint venture for a 749,016-square-foot Class A industrial facility in North Houston; Hanover leads development.

Sources: name

COMPANYdate not shown in source

Transwestern Investments and Hanover to Develop 749K SF Industrial Facility in North Houston

Transwestern

Transwestern Investments, in a joint venture with Hanover Company, is developing a 749,016-square-foot Class A industrial facility

value seen: Hanover Company

https://transwestern.com/news-detail/transwestern-investments-and-hanover-to-develop-749k-sf-industrial-facility-in-n

Sources: partner type

COMPANY2026-09-03

Transwestern Investments and Hanover to Develop 749K SF Industrial Facility in North Houston

Transwestern

Transwestern Investments, in a joint venture with Hanover Company, is developing a 749,016-square-foot Class A industrial facility

value seen: JV_PARTNER

value paraphrased from this source

https://transwestern.com/news-detail/transwestern-investments-and-hanover-to-develop-749k-sf-industrial-facility-in-n

Sources: summary

COMPANY2026-09-03

Transwestern Investments and Hanover to Develop 749K SF Industrial Facility in North Houston

Transwestern

Hanover Company will lead development of the project, with construction expected to begin in January 2027 and completion scheduled for December 2027.

value seen: Joint venture for a 749,016-square-foot Class A industrial facility in North Houston; Hanover leads development.

held out of the figures · the quote does not carry this value

value paraphrased from this source

https://transwestern.com/news-detail/transwestern-investments-and-hanover-to-develop-749k-sf-industrial-facility-in-n

Registrations & licences

OTHER

0001727893
U.S. Securities and Exchange Commission · US · LIVE

Jurisdiction-agnostic: a DLD number, a Companies House number and a state RERA registration all land in the same table.

Contact

Markets

1 countries

United States

active 6 projects tracked

What they build

2 types

Industrial	5 of 6
Residential, for rent	1 of 6

A project counts once under each type it carries, so the shares add to more than the project count.

Management

Principals & executives

6 names found

Robert Duncan

Founder Robert Duncan actively oversees Transwestern as Executive Chairman. The company describes it as a closely held, multi-generation real-estate enterprise spanning investment, development and services; independent reporting says he joined Trammell Crow in 1974 and brought a partnership model to Transwestern.

Current title

Executive Chairman

Experience

no career length stated

Companies before

Trammell Crow Company

Education

University of Texas at AustinBBA, Business Honors Program; MBA in finance; LLB

Other boards

University of Texas at Austin Development BoardUniversity of Texas McCombs School of Business Advisory BoardUniversity of Texas Real Estate Center Advisory CouncilUniversity of Houston C.T. Bauer College of Business Real Estate Program Executive Advisory BoardThe Kinkaid School Board of Trustees

Known for

FounderExecutive Chairman1978 founderex-Trammell CrowBBA/MBA/LLB

Work email: Robert.Duncan@transwestern.com¹ Email

https://linkedin.com/in/robert-duncan-a5595930

since founded Transwestern in 1978

The power of the partnership model. TCC starts everyone as a leasing agent, and Robert hit the pavement with landlord rep cold calling. Bisnow September 25, 2014https://www.bisnow.com/news/houston/commercial-real-estate/robert-duncans-first-job-38995

Sources: education

COMPANYdate not shown in source

Transwestern | Robert Duncan

Transwestern

Robert graduated from the University of Texas in Austin with a BBA degree from the Business Honors Program, an MBA in finance, and an LLB degree.

value seen: University of Texas in Austin; BBA degree from the Business Honors Program, MBA in finance, and LLB degree

held out of the figures · the quote does not carry this value

https://transwestern.com/robert.duncan

Sources: email

COMPANYdate not shown in source

Transwestern | Robert Duncan

Transwestern

Email: Robert.Duncan@transwestern.com

value seen: Robert.Duncan@transwestern.com

https://transwestern.com/robert.duncan

Sources: full name

COMPANYdate not shown in source

Transwestern | Robert Duncan

Transwestern

Robert Duncan

value seen: Robert Duncan

https://transwestern.com/robert.duncan

Sources: linkedin page

SOCIAL2026-10-06

Robert Duncan

# Robert Duncan Chairman/Founder at Transwestern

value seen: https://linkedin.com/in/robert-duncan-a5595930

https://linkedin.com/in/robert-duncan-a5595930

Sources: other boards

COMPANYdate not shown in source

Transwestern | Robert Duncan

Transwestern

He supports his alma mater through service on the University’s Development Board

value seen: University of Texas at Austin Development Board

held out of the figures · the quote does not carry this value

value paraphrased from this source

https://transwestern.com/robert.duncan

Sources: previous companies

PRESS2014-09-25

Robert Duncan's First Job

Bisnow

He joined Trammell Crow right out of school in 1974

value seen: Trammell Crow

https://www.bisnow.com/news/houston/commercial-real-estate/robert-duncans-first-job-38995

Sources: date

PRESS2014-09-25

Robert Duncan's First Job

Bisnow

September 25, 2014

value seen: September 25, 2014

https://www.bisnow.com/news/houston/commercial-real-estate/robert-duncans-first-job-38995

Sources: quote

PRESS2014-09-25

Robert Duncan's First Job

Bisnow

The power of the partnership model. TCC starts everyone as a leasing agent, and Robert hit the pavement with landlord rep cold calling.

value seen: The power of the partnership model.

https://www.bisnow.com/news/houston/commercial-real-estate/robert-duncans-first-job-38995

Sources: role type

COMPANYdate not shown in source

Transwestern | Robert Duncan

Transwestern

Robert Duncan founded Transwestern in 1978, and today actively oversees the organization as Executive Chairman.

value seen: Executive Chairman; founded Transwestern in 1978

no listed category matches this wording, so it is shown as the source wrote it

held out of the figures · no listed category matches this wording

value paraphrased from this source

https://transwestern.com/robert.duncan

Sources: since

COMPANYdate not shown in source

Transwestern | Robert Duncan

Transwestern

Robert Duncan founded Transwestern in 1978, and today actively oversees the organization as Executive Chairman.

value seen: founded Transwestern in 1978

https://transwestern.com/robert.duncan

Sources: summary

COMPANYdate not shown in source

Transwestern | Robert Duncan

Transwestern

Robert Duncan founded Transwestern in 1978, and today actively oversees the organization as Executive Chairman.

value seen: Founder Robert Duncan actively oversees Transwestern as Executive Chairman.

held out of the figures · the quote does not carry this value

value paraphrased from this source

https://transwestern.com/robert.duncan

Sources: tags

COMPANYdate not shown in source

Transwestern | Robert Duncan

Transwestern

Robert Duncan founded Transwestern in 1978, and today actively oversees the organization as Executive Chairman.

value seen: Founder

held out of the figures · the quote does not carry this value

https://transwestern.com/robert.duncan

Sources: tags

COMPANYdate not shown in source

Transwestern

Executive Chairman Transwestern Companies Houston, Texas

value seen: Executive Chairman

https://transwestern.com/robert.duncan

Larry Heard

After more than 23 years as CEO, Larry Heard is now Executive Vice Chairman. He joined Transwestern in 1983 and led expansion across cities, managed/leased property and development; his outside governance includes Baylor College of Medicine and D.M. Weekley.

Current title

Executive Vice Chairman

Experience

no career length stated

Companies before

none sourced

Education

Baylor UniversityBBA in finance

Other boards

Baylor College of Medicine, Trustee (2011-present)D.M. Weekley, Inc., Trustee (2025-present)

Known for

Executive Vice Chairmanex-CEOjoined 1983BBA finance

Work email: Larry.Heard@transwestern.com¹ Email

since appointed president and chief executive officer in 2002

The primary challenge in running a company is making decisions today that shape what you will look like as a firm three to five years down the road. Baylor Business Review https://bbr.baylor.edu/heard/

Sources: degree

COMPANYdate not shown in source

Transwestern profile

Transwestern

BBA in finance

value seen: BBA in finance

value paraphrased from this source

https://transwestern.com/larry.heard

Sources: institution

COMPANYdate not shown in source

Transwestern profile

Transwestern

Baylor University

value seen: Baylor University

value paraphrased from this source

https://transwestern.com/larry.heard

Sources: email

COMPANYdate not shown in source

Leadership

Transwestern

Email: Larry.Heard@transwestern.com

value seen: Larry.Heard@transwestern.com

https://transwestern.com/larry.heard

Sources: full name

COMPANYdate not shown in source

The primary challenge in running a company is making decisions today that shape what you will look like as a firm three to five years down the road.

value seen: The primary challenge in running a company is making decisions today that shape what you will look like as a firm three to five years down the road.

https://bbr.baylor.edu/heard/

Sources: role type

COMPANYdate not shown in source

Leadership

Transwestern

Executive Vice Chairman

value seen: Executive Vice Chairman

no listed category matches this wording, so it is shown as the source wrote it

held out of the figures · no listed category matches this wording

value paraphrased from this source

https://transwestern.com/leadership

Sources: since

COMPANYdate not shown in source

Transwestern | Larry Heard

Transwestern

appointed president and chief executive officer in 2002

value seen: appointed president and chief executive officer in 2002

value paraphrased from this source

https://transwestern.com/larry.heard

Sources: summary

COMPANYdate not shown in source

Transwestern profile

Transwestern

value seen: After more than 23 years as CEO, Larry Heard is now Executive Vice Chairman. He joined Transwestern in 1983 and led expansion across cities, managed/leased property and development; his outside governance includes Baylor College of Medicine and D.M. Weekley.

value paraphrased from this source

https://transwestern.com/larry.heard

Adam Altsuler is CFO and an Executive Committee member responsible for enterprise fiscal priorities and all financial matters. Before Transwestern he led finance at USD Partners/USD Group for 10 years, after investment banking, an energy hedge fund and Eagle Rock Energy Partners.

Current title

Chief Financial Officer

Experience

no career length stated

Companies before

USD Partners, LP / USD Group LLCDonaldson, Lufkin and Jenrette / Credit Suisse First BostonEagle Rock Energy Partners

Education

The University of Texas at AustinBBA in finance

Rice UniversityMBA

Other boards

USD Group LLC board memberBreakthrough T1D Houston Community Board

Transwestern

Email: Adam.Altsuler@transwestern.com

value seen: Adam.Altsuler@transwestern.com

https://transwestern.com/adam.altsuler

Sources: full name

COMPANYdate not shown in source

Leadership

Transwestern

Adam Altsuler

value seen: Adam Altsuler

COMPANYdate not shown in source

Leadership

Transwestern

Chief Financial Officer

value seen: Chief Financial Officer

no listed category matches this wording, so it is shown as the source wrote it

held out of the figures · no listed category matches this wording

value paraphrased from this source

https://transwestern.com/leadership

Sources: since

COMPANYdate not shown in source

ADAM ALTSULER NAMED CHIEF FINANCIAL OFFICER FOR THE TRANSWESTERN COMPANIES

Transwestern

named Chief Financial Officer on February 6, 2024

value seen: named Chief Financial Officer on February 6, 2024

value paraphrased from this source

https://transwestern.com/news-detail/adam-altsuler-named-chief-financial-officer-for-the-transwestern-companies

Sources: summary

COMPANYdate not shown in source

Transwestern

Chief Financial Officer

value seen: Chief Financial Officer

https://transwestern.com/leadership

Bruce Ford

Bruce Ford is COO of Transwestern Services and an Executive Committee member, overseeing strategy, business development, service execution, operational excellence, market growth and client service. He joined in 2008 after leading GVA Advantis in Georgia and the Carolinas, with earlier roles at Armada/Hoffler and the Smith Companies.

Current title

Chief Operating Officer, Services

Experience

no career length stated

Companies before

GVA AdvantisArmada/HofflerSmith Companies

Education

Wake Forest Universitybachelor’s in political science

Harvard UniversityRunning a Real Estate Company executive education

Other boards

none sourced

Transwestern

Email: Bruce.Ford@transwestern.com

value seen: Bruce.Ford@transwestern.com

https://transwestern.com/bruce.ford

Sources: full name

COMPANYdate not shown in source

Leadership

Transwestern

Bruce Ford

value seen: Bruce Ford

https://transwestern.com/leadership

Sources: linkedin page

SOCIAL2026-09-30

Bruce Ford

value seen: https://linkedin.com/in/brucegford

value paraphrased from this source

https://linkedin.com/in/brucegford

Sources: previous companies

COMPANYdate not shown in source

Transwestern profile

Transwestern

GVA Advantis

value seen: GVA Advantis

value paraphrased from this source

https://transwestern.com/bruce.ford

Sources: previous companies

COMPANYdate not shown in source

Transwestern profile

Transwestern

Armada/Hoffler

value seen: Armada/Hoffler

value paraphrased from this source

https://transwestern.com/bruce.ford

Sources: previous companies

COMPANYdate not shown in source

Transwestern profile

Transwestern

Smith Companies

value seen: Smith Companies

value paraphrased from this source

https://transwestern.com/bruce.ford

Sources: role type

COMPANYdate not shown in source

Leadership

Transwestern

Chief Operating Officer, Services

value seen: Chief Operating Officer, Services

no listed category matches this wording, so it is shown as the source wrote it

held out of the figures · no listed category matches this wording

value paraphrased from this source

https://transwestern.com/leadership

Sources: since

COMPANYdate not shown in source

TRANSWESTERN ACCELERATES TRANSFORMATION WITH STRATEGIC LEADERSHIP REALIGNMENT

Transwestern

named Chief Operating Officer in September 2024

value seen: named Chief Operating Officer in September 2024

value paraphrased from this source

https://transwestern.com/news-detail/transwestern-accelerates-transformation-with-strategic-leadership-realignment

Sources: summary

COMPANYdate not shown in source

Transwestern

Chief Operating Officer, Services

value seen: Chief Operating Officer, Services

https://transwestern.com/leadership

John Duncan

John Duncan leads enterprise strategy, including strategic priorities, M&A and corporate-development opportunities, digital strategy, market analysis and cross-functional alignment. He joined in 2018 after GE financial-planning and analysis work and previously led urban-infill and mixed-use development investments for Transwestern.

Current title

Chief Strategy Officer

Experience

no career length stated

Companies before

Education

The University of Texas at Austin McCombs School of BusinessBS in Finance; MBA

Other boards

Children’s Fund, Board Member ElectMcCombs School of Business Real Estate Advisory Council, Member (2025–Current)

Known for

Chief Strategy Officerjoined 2018ex-GEM&AMBA

Work email: John.Duncan@transwestern.com¹ Email

since joined Transwestern in 2018

Sources: degree

COMPANYdate not shown in source

Transwestern profile

Transwestern

BS in Finance; MBA

value seen: BS in Finance; MBA

value paraphrased from this source

https://transwestern.com/john.duncan

Sources: institution

COMPANYdate not shown in source

Transwestern profile

Transwestern

The University of Texas at Austin McCombs School of Business

value seen: The University of Texas at Austin McCombs School of Business

value paraphrased from this source

https://transwestern.com/john.duncan

Sources: email

COMPANYdate not shown in source

Leadership

Transwestern

Email: John.Duncan@transwestern.com

value seen: John.Duncan@transwestern.com

https://transwestern.com/john.duncan

Sources: full name

COMPANYdate not shown in source

Transwestern

value seen: GE

value paraphrased from this source

https://transwestern.com/john.duncan

Sources: role type

COMPANYdate not shown in source

Leadership

Transwestern

Chief Strategy Officer

value seen: Chief Strategy Officer

no listed category matches this wording, so it is shown as the source wrote it

held out of the figures · no listed category matches this wording

value paraphrased from this source

https://transwestern.com/leadership

Sources: since

COMPANYdate not shown in source

Transwestern | John Duncan

Transwestern

joined Transwestern in 2018

value seen: joined Transwestern in 2018

value paraphrased from this source

https://transwestern.com/john.duncan

Sources: summary

COMPANYdate not shown in source

Transwestern

Chief Strategy Officer

value seen: Chief Strategy Officer

https://transwestern.com/leadership

Chip Clarke

Chip Clarke is CRO for Transwestern Services and an Executive Committee member responsible for revenue generation, business development, client expansion and Western U.S./Texas P&L. He has more than 30 years in commercial real estate, began at Trammell Crow and has led expansion and strategic-account management at Transwestern.

Current title

Chief Revenue Officer, Services

Experience

30+ years commercial real estate

Companies before

Trammell Crow Company

Education

Southern Methodist UniversityBA

Other boards

Texas Medical Center Board of DirectorsUrban Land Institute Houston Steering Committee

Known for

CROExecutive Committeejoined 1991SMU

Work email: Chip.Clarke@transwestern.com¹ Email

https://linkedin.com/in/chip-clarke-7232887

since named Chief Revenue Officer in 2024; joined Transwestern in 1991

Texas Medical Center’s reputation in the life sciences industry is unmatched, and I’m honored to help drive its expansion and long-term impact even further. Texas Medical Center March 4, 2025https://www.tmc.edu/press-releases/texas-medical-center-appoints-chip-clarke-to-board-of-directors/

Sources: degree

COMPANYdate not shown in source

Transwestern profile

Transwestern

value seen: BA

value paraphrased from this source

https://transwestern.com/chip.clarke

Sources: institution

COMPANYdate not shown in source

Transwestern profile

Transwestern

Southern Methodist University

value seen: Southern Methodist University

value paraphrased from this source

https://transwestern.com/chip.clarke

Sources: email

COMPANYdate not shown in source

Leadership

Transwestern

Email: Chip.Clarke@transwestern.com

value seen: Chip.Clarke@transwestern.com

https://transwestern.com/chip.clarke

Sources: full name

COMPANYdate not shown in source

Leadership

Transwestern

Chip Clarke

value seen: Chip Clarke

https://transwestern.com/leadership

Sources: linkedin page

SOCIAL2026-09-30

Chip Clarke

value seen: https://linkedin.com/in/chip-clarke-7232887

value paraphrased from this source

https://linkedin.com/in/chip-clarke-7232887

Sources: other boards

COMPANYdate not shown in source

Transwestern profile

Transwestern

Texas Medical Center Board of Directors

value seen: Texas Medical Center Board of Directors

value paraphrased from this source

https://transwestern.com/chip.clarke

Sources: other boards

COMPANYdate not shown in source

Transwestern profile

Transwestern

Urban Land Institute Houston Steering Committee

value seen: Urban Land Institute Houston Steering Committee

value paraphrased from this source

https://transwestern.com/chip.clarke

Sources: previous companies

COMPANYdate not shown in source

Transwestern profile

Transwestern

Trammell Crow Company

value seen: Trammell Crow Company

value paraphrased from this source

https://transwestern.com/chip.clarke

Sources: quote

OTHER2025-03-04

Texas Medical Center

Texas Medical Center’s reputation in the life sciences industry is unmatched, and I’m honored to help drive its expansion and long-term impact even further.

value seen: Texas Medical Center’s reputation in the life sciences industry is unmatched, and I’m honored to help drive its expansion and long-term impact even further.

https://www.tmc.edu/press-releases/texas-medical-center-appoints-chip-clarke-to-board-of-directors/

Sources: role type

COMPANYdate not shown in source

Leadership

Transwestern

Chief Revenue Officer, Services

value seen: Chief Revenue Officer, Services

no listed category matches this wording, so it is shown as the source wrote it

held out of the figures · no listed category matches this wording

value paraphrased from this source

https://transwestern.com/leadership

Sources: since

COMPANYdate not shown in source

TRANSWESTERN ACCELERATES TRANSFORMATION WITH STRATEGIC LEADERSHIP REALIGNMENT

Transwestern

named Chief Revenue Officer in 2024; joined Transwestern in 1991

value seen: named Chief Revenue Officer in 2024; joined Transwestern in 1991

value paraphrased from this source

https://transwestern.com/news-detail/transwestern-accelerates-transformation-with-strategic-leadership-realignment

Sources: summary

COMPANYdate not shown in source

Transwestern profile

Transwestern

value seen: Chip Clarke is CRO for Transwestern Services and an Executive Committee member responsible for revenue generation, business development, client expansion and Western U.S./Texas P&L. He has more than 30 years in commercial real estate, began at Trammell Crow and has led expansion and strategic-account management at Transwestern.

value paraphrased from this source

https://transwestern.com/chip.clarke

Assessment coverage

Completed projects: 2016-10-15 through 2026-10-15. Initial research is capped at 10 completed projects and a separate delivery-risk search capped at 7 findings. Risk findings are not project assessment counts. Absence is not proof of a complete portfolio or no failures. Month-level dates overlapping a boundary are excluded from figures.

0 undated completions and 0 boundary-uncertain completions are retained but excluded from figures.

Stalled, cancelled & overdue projects

0 evidenced cases

The capped delivery-risk search ran; no project-level exception cases are recorded here. Risk findings are listed under Risks and are separate from assessed projects. This does not establish that the developer has no delivery failures.

Completed projects

6 projects

Project	Location	Type	Units	Floors	Area	Cost	Payment plan	Launched	Construction start	Original target	Handover	Delay	Confidence	Status
Kirby 288	Houston, United States South Houston	industrial	—	—	213,425 sq ft	—	—	2025	August 11, 2025	Jan 2026 – Dec 2026	Jun 2026	−0.5 mo (−6.0 to +5.0)	sourced	completed
Imperial Crossing	Houston, United States North Houston	industrial	—	—	321,104 sq ft	—	—	2025	May 6, 2025	—	May 2026	—	not scorable	completed
Innerbelt Northwest Logistics Park — Phase One	Houston, United States Northwest Houston	industrial	—	—	601,680 sq ft	—	—	2024	March 19, 2024	Apr 2025 – Jun 2025	Apr 2025 – Jun 2025	0.0 mo (−2.0 to +2.0)	sourced	completed
East Belt Logistics Park	Houston, United States Northeast Houston	industrial	—	—	858,600 sq ft	—	—	2024	5/1/2024	Jan 2025	Jan 2025 – Dec 2025	+5.5 mo (0.0 to +11.0)	sourced	completed
Mid Cities Logistics	Fort Worth, United States	industrial	—	—	908,300 sq ft	—	—	2023	February 2023	—	Nov 2024	—	not scorable	completed
Vero	Tempe, United States Novus Innovation Corridor	residential for rent	199¹	seven-story	—	—	—	2021	November 2021	Oct 2023 – Dec 2023	May 2024	+6.0 mo (+5.0 to +7.0)	estimated	completed

Project

Location

Type

Units

Floors

Area

Cost

Payment plan

Launched

Construction start

Original target

Handover

Delay

Confidence

Status

Kirby 288

Houston, United States
South Houston

industrial

—

213,425 sq ft

—

2025

August 11, 2025

Jan 2026 – Dec 2026

Jun 2026

−0.5 mo
(−6.0 to +5.0)

sourced

completed

Imperial Crossing

Houston, United States
North Houston

industrial

—

321,104 sq ft

—

2025

May 6, 2025

—

May 2026

—

not scorable

completed

Innerbelt Northwest Logistics Park — Phase One

Houston, United States
Northwest Houston

industrial

—

601,680 sq ft

—

2024

March 19, 2024

Apr 2025 – Jun 2025

0.0 mo
(−2.0 to +2.0)

sourced

completed

East Belt Logistics Park

Houston, United States
Northeast Houston

industrial

—

858,600 sq ft

—

2024

5/1/2024

Jan 2025

Jan 2025 – Dec 2025

+5.5 mo
(0.0 to +11.0)

sourced

completed

Mid Cities Logistics

Fort Worth, United States

industrial

—

908,300 sq ft

—

2023

February 2023

—

Nov 2024

—

not scorable

completed

Vero

Tempe, United States
Novus Innovation Corridor

residential for rent

199¹

seven-story

—

2021

November 2021

Oct 2023 – Dec 2023

May 2024

+6.0 mo
(+5.0 to +7.0)

estimated

completed

Click any row for the sources behind it. Cost basis matters: an estimated cost, a construction loan and a sale price are different numbers. Each row states which one it is, so they are never averaged together.

Awards

Awards & recognition

4 found

RANKING Ranked 2025 ranking, reported January 2026
2025 Top Commercial Real Estate Developers
Transwestern ranked eighth in Commercial Property Executive’s 2025 list of top commercial real estate developers; the ranking reported 9.4 million square feet completed between 2022 and 2024 and 5.9 million square feet underway as of June 2025.

Commercial Property Executive · https://www.commercialsearch.com/news/top-commercial-real-estate-developers/

PROJECT AWARD Winner 2020
Project Excellence Award · The Foundry
The developer reports that The Foundry, developed by predecessor company Perseus TDC before its 2023 transition to Transwestern Development Company, received CREW DC’s 2020 Project Excellence award.

CREW DC · https://transwestern.com/news-detail/mid-atlantic-cre-developer-perseus-tdc-becomes-transwestern-dev…

PROJECT AWARD Winner 2021
Best Building in Adaptive Reuse Award · The Foundry
The developer reports that The Foundry received NAIOP’s 2021 Best Building in Adaptive Reuse award; the project was developed by predecessor company Perseus TDC, which became Transwestern Development Company in 2023.

NAIOP · https://transwestern.com/news-detail/mid-atlantic-cre-developer-perseus-tdc-becomes-transwestern-dev…

PROJECT AWARD Winner 2021
Best Projects Merit Award in Renovation and Restoration · The Foundry
The developer reports that The Foundry received ENR Mid-Atlantic’s 2021 Best Projects Merit award in Renovation and Restoration; the project was developed by predecessor company Perseus TDC, which became Transwestern Development Company in 2023.

ENR Mid-Atlantic · https://transwestern.com/news-detail/mid-atlantic-cre-developer-perseus-tdc-becomes-transwestern-dev…

Risks

Risk flags

8 found

LEGAL Judgment affirmed July 26, 2023; judgment satisfaction reported August 16, 2023
A federal court entered judgment against Transwestern Development Company and TDC Logistics in a breach-of-contract dispute over project-success payments; the Fourth Circuit affirmed on July 26, 2023, and a later court record states the companies satisfied the judgment in full by paying $1,837,821.73 on August 16, 2023. This is a resolved adverse judgment, not an allegation that remains pending.

law.justia.com · https://law.justia.com/cases/federal/district-courts/maryland/mddce/1:2023cv00881/534003/77/

LEGAL Reported September 17, 2024; the alleged severe leak referenced in the suit occurred in March 2023
MedProperties sued 11 defendants over alleged concealment of severe sewage leaks at a Tomball health-care property; Transwestern Development Company was named as the property-management defendant, while the report said it was not part of the alleged price-inflation allegations and that defendants had not yet responded.

therealdeal.com · https://therealdeal.com/texas/houston/2024/09/17/medproperties-sues-for-allegedly-hidden-plumbing-pr…

PROJECT CANCELLED February 9, 2017
Transwestern scrapped plans for a West University luxury condominium midrise after four units had been purchased, according to the Houston Business Journal; the report does not state the buyers’ ultimate refund or other resolution.

bizjournals.com · https://www.bizjournals.com/houston/news/2017/02/09/exclusive-houston-developer-scraps-plans-for-wes…

PROJECT CANCELLED 2022-11-01 (publication; withdrawal reported as current at publication)
Transwestern Development Company abandoned its proposed Medinah Terrace industrial redevelopment in Itasca, Illinois, stating that changing market conditions made the potential redevelopment economically infeasible and that it would no longer pursue the properties; the project was therefore cancelled rather than merely delayed.

dailyherald.com · https://www.dailyherald.com/20221101/business/we-werent-going-to-let-it-go-industrial-developer-drop…

DELIVERY DELAY 2024-05-16 (publication; construction then scheduled to start that summer)
The RO, Transwestern Development Co.’s Houston mixed-use redevelopment at 3120 Buffalo Speedway, had remained unstarted for roughly seven years and was described as long-stalled, but construction was reported as finally beginning in 2024; the delay is historical and the project should not be treated as currently stalled on this evidence.

bisnow.com · https://www.bisnow.com/news/houston/construction-development/transwesterns-17-acre-mixed-use-project…

DELIVERY DELAY 2023-12-06 (publication; originally expected to deliver in 2024)
The John Carlyle Center for Health & Wellness in Alexandria, Virginia—owned/developed by Trammell Crow Company and JM Zell Partners, with Transwestern serving as leasing partner—was reported stalled because construction had not begun despite an earlier delivery target, while the development team sought an anchor tenant; this is an attributed project-team issue, not evidence that Transwestern was the developer.

bizjournals.com · https://www.bizjournals.com/washington/news/2023/12/06/trammell-crow-jm-zell-alexandria-medical-offi…

RISK 2026-05-27 (publication; termination agreement approved 2026-05-14)
Transwestern Development Company, through GACSD Industrial Development LLC, left construction and infrastructure deficiencies unresolved at the Upper Bern, Pennsylvania warehouse after repeated extensions; in May 2026 it agreed to pay $82,390 so the township could complete the work, resolving the documented deficiencies through a termination agreement rather than indicating an active unfinished-development failure as of the research date.

witf.org · https://www.witf.org/2026/05/27/ice-warehouse-developer-to-pay-82k-to-resolve-deficiencies/

PROJECT CANCELLED 2014-09-10 (event/publication; older unresolved material failure)
Transwestern abandoned its proposed luxury apartment development at Preston Road and Northwest Highway in Dallas after ending its contractual relationship with the Town House Row owners; the contemporary 2025 proposal at the location is a separate later effort and does not undo the 2014 cancellation.

peoplenewspapers.com · https://www.peoplenewspapers.com/business/2014/09/transwestern-abandons-apartment-plans/

Record status

active

Coverage	active
Tracked since	October 10, 2026
Last checked	October 11, 2026 this month
Profile last researched	October 11, 2026
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For informational purposes only. This information is not investment, financial or credit advice and should not be relied on for investment, lending or credit decisions. Records may be incomplete or outdated. Verify information independently and seek qualified advice before making a decision.