DALLAS—Nearly one year after the repositioning-ownership of a Henry S. Miller Realty Management portfolio, realtor Ron Taylor has partnered with Carole McNeil to form a new company: TriVest McNeil Real Estate.  

Taylor will oversee management of the company, which will focus on acquisition and management of multifamily assets, primarily in the southwest area of the country. McNeil will serve as a member of the company and will serve on its executive committee.

“Carole is a strategic business partner with an extraordinary entrepreneurial spirit, and we have had a close working relationship that dates back to the '80s,” Taylor told GlobeSt.com. “Forming a new company with one of my first major clients seemed to be a natural next step.”

The development comes after McNeil and Taylor purchased all of the member interest in Dallas-based WholeLife Management Co., which they did not already own. The purchase makes TriVest McNeil completely independent from Oklahoma-based WholeLife Cos.

“We have discussed the possibility of forming a company together for some time,” says McNeil. “We are thrilled to be able to partner on TriVest McNeil Real Estate, and we are excited about the opportunities ahead and the company's prospects for growth.”

TriVest McNeil has its roots in the McNeil Cos., the company founded by McNeil and her late husband, Robert McNeil, a pioneer in the real estate investment and management fields. He died last year.

They sold McNeil Cos. in 1986 with plans to retire but in February 1988, the McNeils were able to repurchase many of the McNeil partnerships they had sold just two years earlier. They formed McNeil Real Estate Management Inc. to oversee their real estate holdings. Taylor joined the company and later became president and CEO.

In January 2000, the McNeil family of companies, consisting of approximately 16,500 apartment units, was sold to an affiliate of Goldman Sachs. 

“I remember returning from New York after the transaction, celebrating the sale, and suddenly realizing I had worked myself out of a job,” Taylor says. “Not long after that, two former McNeil executives, Dean Lontos and Zach Maggart, and I partnered to form TriVest Partners.”

Throughout the years, the McNeil family continued to be a major client of TriVest and, after Robert McNeil's death, Carole McNeil decided to become more involved in the management of investments.

“TriVest McNeil is currently looking to expand its multifamily operations through selective fee management opportunities and acquisitions of newer, vintage multifamily communities in the southwestern United States,” Taylor says. “It is a very competitive acquisition market, but we are confident we can find opportunities for our partners and investors.”    

TriVest McNeil expects to announce its first acquisitions in the coming months.