Trammell Crow Residential (TCR) builds and maintains quite the nest. It invests in, develops, builds, acquires, and manages multifamily residential real estate such as apartments and condominiums. Projects range from upscale to affordable housing. The company, which operates through about 20 offices across the US, has developed more than 225,000 individual units since its founding in the late 1970s. TCR's portfolio includes some 200 properties located in major markets across the country, with the heaviest concentrations in Texas, the Southeast, and the West. Many are are branded Alexan or Wynhaven Communities. The company split from Trammell Crow in 1977 but is still associated with the Crow family empire.
The economic recession impacted TCR as it and other multifamily builders scrimped to find capital and enough liquidity to start new projects. In 2008 the company slowed condominium development until the real estate market recovered. The company also sought to right-size the company by closing and consolidated several offices. By 2010 the recession had ebbed enough for TCR to being dipping its toe back into the water. That year the company began construction on 2,000 additional multifamily rental units and started focusing on acquisitions in major markets.