October 19, 2017
Washington, DC-based Perseus Realty LLC entered into a joint venture with Houston-based Transwestern Development Co. (TDC) to pursue office, residential and mixed-use development opportunities in the DC Metro area. The JV will expand activities in the Mid-Atlantic market, and expects to kick off several new projects in the coming months.
The venture will continue to operate under the Perseus name, with Bob Cohen (pictured) continuing on in his current role of President and CEO, and Adam Peters continuing as Executive Vice President of Development. They will collaborate in operating the company, and will co-invest in new projects. Perseus expects to leverage the resources of TDC to continue growing the business.
Transwestern Development’s Carleton Riser says, “Perseus is an ideal partner for TDC because of its deep local ties and market knowledge, and there is a great cultural fit between the principals of the respective firms.”
For comments, questions or concerns, please contact Dennis Kaiser