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Terracore Capital Acquires a Strategically Located Light Industrial Facility in Central Denver as part of a Joint Venture with BKM Capital Partners

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Denver, Colorado

February 5th, 2024

 

Terracore Capital, an institutional fund manager focused on dynamic growth markets in the United States, has acquired West 6th Center in Denver as part of their Joint Venture with BKM Capital Partners. The 122,783-square-foot small-bay industrial building is fully occupied by three companies.

 

“Terracore has been underwriting light industrial assets in Denver for some time, so when the opportunity to acquire a highly functional and centrally located asset at a discount to replacement cost materialized, we moved quickly to secure it,” said Daniel Grunberg, Managing Partner at Terracore Capital.

 

Built in 1955, the facility offers 16- to 20-foot clear ceiling heights, a small office component, and 50,000 square feet of secured yard space, a highly coveted feature in infill Denver. It is located at 1780 W. 6th Ave and features two oversized grade-level loading doors, 26 dock-high doors, and five mobile metal ramps to convert select dock-high doors to drive-in.

 

Terracore Capital and BKM plan to execute a value-add repositioning plan to modernize the asset over its holding period. Plans include upgrades to the property’s roofs, parking lots, HVAC systems, paint scheme, landscaping, signage, and storefronts, as well as capital for speculative tenant improvements. Additionally, the repositioning plan includes demising and rehabilitating a 69,575 unit in the first six months of ownership.

 

“We believe that the improved West 6th Center will be attractively positioned to attract Central Denver’s leading industrial users,” commented Brian Malliet, BKM’s Chief Executive Officer. “Vacancy remains well below the national average and there are no industrial projects currently planned or underway in the submarket, which has already seen its industrial inventory shrink by 3% in recent years due to conversions. We expect these conditions will provide maximum leverage to the team during our lease-up efforts.”

 

Situated at the southeast corner of the I- 25 and Highway 6 interchange, West 6th Center is within proximity of Metro Denver’s key economic drivers, including the central business district, Broncos’ Mile High Stadium, Nuggets’ Ball Arena, and Rockies’ Coors Field.

 

About Terracore Capital

Terracore Capital (previously TC US Partners) is a real estate investment manager specializing in enterprise and programmatic ventures with a primary focus on dynamic growth markets in the United States.

Terracore Capital focuses on platform-level investing, whereby it establishes formal agreements to act as a programmatic capital partner to best-in-class operators, to build an institutional-quality real estate portfolio able to perform across market cycles. Additional information is available at terracorecap.com.

 

About BKM Capital Partners

BKM Capital Partners is a proven real estate fund manager and operator focused exclusively on investing in light industrial and multi-use logistics properties in the Western United States. Headquartered in Newport Beach, CA, with over 90 employees in 13 offices, BKM Capital Partners implements a value-add strategy targeting under-managed and under-capitalized assets. The team has invested in over $2.9 billion of small and mid-bay properties with over 3,000 tenants in 70+ properties since 2013. Its approach includes the acquisition, refurbishment, repositioning, and active management of these industrial properties to drive NOI growth and generate a strong IRR and multiple on invested equity. BKM’s foundation is built upon: Focus; Operational Excellence; Technology; and Client Service. Additional information is available at bkmcp.com

 

Disclaimer

THIS IS NEITHER AN OFFER TO SELL NOR A SOLICITATION OF AN OFFER TO BUY AN INTEREST IN ANY INVESTMENT FUND. SUCH AN OFFER OR SOLICITATION MAY BE MADE ONLY TO ELIGIBLE PURCHASERS PURSUANT TO A CONFIDENTIAL PRIVATE OFFERING MEMORANDUM. THERE CAN BE NO ASSURANCE THAT ANY INVESTMENT PROGRAM WILL ACHIEVE ITS INVESTMENT OBJECTIVES OR THAT LOSSES WILL NOT OCCUR. SOME OF THE STATEMENTS CONTAINED HEREIN CONSTITUTE FORWARD-LOOKING STATEMENTS, WHICH RELATE TO FUTURE EVENTS OR THE FUTURE PERFORMANCE OR FINANCIAL CONDITION OF THIS INVESTMENT. FORWARD-LOOKING STATEMENTS INVOLVE RISKS INCLUDING STATEMENTS AS TO FUTURE OPERATING RESULTS, BUSINESS PROSPECTS, THE FUTURE SUCCESS OF THE GENERAL ECONOMY, AND ITS IMPACT ON ANY INVESTMENT. THE INFORMATION HEREIN IS PROVIDED FOR ILLUSTRATIVE PURPOSES ONLY, MAY NOT BE FULLY INDICATIVE OF ANY PRESENT OR FUTURE INVESTMENTS, AND MAY BE CHANGED AT THE DISCRETION OF TC WITHOUT NOTICE. REGISTRATION AS AN INVESTMENT ADVISER DOES NOT IMPLY A CERTAIN LEVEL OF SKILL OR TRAINING.

 

Terracore-BKM Industrial Partners Buys Las Vegas Light Industrial Building in Off-Market Deal

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Las Vegas, Nevada,

May 2, 2023

 

Terracore-BKM Industrial Partners, a vertically integrated light industrial real estate investment platform, has acquired the Decatur Business Center in Las Vegas for $25.9 million. Terry York Properties and Heller Companies sold the 88,205-square-foot light industrial building, located at 5475 S. Decatur Blvd. in Clark County’s southwest submarket.

 

Decatur Business Center features warehouse, office and showroom space in a two-story concrete tilt-up facility. It is fully leased to five high-credit tenants across a wide range of industries.

 

The asset was acquired by an investment vehicle managed by Terracore-BKM Industrial Partners, a joint venture partnership between Terracore Capital and BKM Capital Partners.

 

“This off-market transaction represents yet another step in the expansion of our footprint in strategic, high-growth markets throughout the Western U.S.,” said BKM’s Founder and CEO, Brian Malliet. “It fits right in line with our strategy of acquiring well-built, well-located properties where we can add value through strategic management and thoughtful capital upgrades.”

 

The property features warehouse space with 32’ minimum clear ceiling heights, high-performance glass skylights, ESFR-capable sprinklers, a common loading dock and 12’ X 14’ grade-level overhead doors and 480v 3-phase power, as well as ample parking.

 

Built in 2008, Decatur Business Center sits minutes away from the Las Vegas Strip, Interstates 15 and 215 and the Harry Reid International Airport. Proximity to major population centers has made Southern Nevada one of the most sought-after and fastest-growing industrial corridors in the Western US, with rents expected to trend up steadily over the next five years. Terracore-BKM plans to make enhancements to improve landscaping and utility efficiency, creating a cutting-edge space that will appeal to the asset’s sophisticated tenancy.

 

Newport Beach, CA-based BKM plans to leverage its in-house property management and construction teams to operate the asset and implement capital improvements, creating an enhanced and standardized experience for its tenants.

 

“Our footprint has grown significantly since 2016, thanks in part to our relationships with trusted operating partners like BKM,” said Terracore’s co-founder, Daniel Grunberg. “This acquisition represents an important milestone in our portfolio construction process; Decatur Business Center will be our first asset in Las Vegas and the ninth acquisition that we complete with BKM”.

 

To date, Terracore-BKM Industrial Partners has a portfolio of nine assets across Portland, Phoenix, Seattle, and Las Vegas, representing 1.1 M sq. ft. of GLA.

 

About Terracore Capital

 

Terracore Capital (previously TC US Partners) is a real estate investment manager specializing in enterprise and programmatic ventures with a primary focus on dynamic growth markets in the United States.

 

Terracore Capital focuses on platform-level investing, whereby it establishes formal agreements to act as a programmatic capital partner to best-in-class operators, to build an institutional-quality real estate portfolio able to perform across market cycles. Additional information is available at terracorecap.com.

 

About BKM Capital Partners

 

BKM Capital Partners is a proven real estate fund manager and operator focused exclusively on investing in light industrial and multi-use logistics properties in the Western United States. Headquartered in Newport Beach, CA, with over 90 employees in 13 offices, BKM Capital Partners implements a value-add strategy targeting under-managed and under-capitalized assets. The team has invested in over $2.9 billion of small and mid-bay properties with over 3,000 tenants in 70+ properties since 2013. Its approach includes the acquisition, refurbishment, repositioning, and active management of these industrial properties to drive NOI growth and generate a strong IRR and multiple on invested equity. BKM’s foundation is built upon: Focus; Operational Excellence; Technology; and Client Service. Additional information is available at bkmcp.com

 

Disclaimer

 

THIS IS NEITHER AN OFFER TO SELL NOR A SOLICITATION OF AN OFFER TO BUY AN INTEREST IN ANY INVESTMENT FUND. SUCH AN OFFER OR SOLICITATION MAY BE MADE ONLY TO ELIGIBLE PURCHASERS PURSUANT TO A CONFIDENTIAL PRIVATE OFFERING MEMORANDUM. THERE CAN BE NO ASSURANCE THAT ANY INVESTMENT PROGRAM WILL ACHIEVE ITS INVESTMENT OBJECTIVES OR THAT LOSSES WILL NOT OCCUR. SOME OF THE STATEMENTS CONTAINED HEREIN CONSTITUTE FORWARD-LOOKING STATEMENTS, WHICH RELATE TO FUTURE EVENTS OR THE FUTURE PERFORMANCE OR FINANCIAL CONDITION OF THIS INVESTMENT. FORWARD-LOOKING STATEMENTS INVOLVE RISKS INCLUDING STATEMENTS AS TO FUTURE OPERATING RESULTS, BUSINESS PROSPECTS, THE FUTURE SUCCESS OF THE GENERAL ECONOMY, AND ITS IMPACT ON ANY INVESTMENT. THE INFORMATION HEREIN IS PROVIDED FOR ILLUSTRATIVE PURPOSES ONLY, MAY NOT BE FULLY INDICATIVE OF ANY PRESENT OR FUTURE INVESTMENTS, AND MAY BE CHANGED AT THE DISCRETION OF TC WITHOUT NOTICE. REGISTRATION AS AN INVESTMENT ADVISER DOES NOT IMPLY A CERTAIN LEVEL OF SKILL OR TRAINING.

 

BKM Capital Partners Expands Portland Portfolio with Acquisition of Fry Distribution Center for $15.4 Million

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Beaverton, Oregon,

August 18, 2021

 

Newport Beach, California-based BKM Capital Partners announced it has acquired Fry Distribution Center in Beaverton, Oregon. BKM acquired the property from a private local seller in an off-market transaction for $15.4 million. The transaction was executed through a joint venture with TC US Partners, a real estate investment manager with a primary focus on dynamic growth markets in the United States.

 

BKM Capital Partners’ Brian Malliet said, “The property has an outstanding historical occupancy, averaging 94% over the past decade. The ability to maintain stabilized occupancy despite ownership’s passive approach to capital improvements is a testament to the asset’s strategic location in a submarket with high barriers to entry and limited competition.”

 

TC US Partners’ Daniel Grunberg, said, “This transaction represents an important milestone in our partnership with BKM and we are confident on their ability to drive NOI growth by leasing the project at market rental rates and achieve operational efficiencies as a result of the asset’s large local footprint.”

 

The Fry Distribution Center is a two-building, 121,200-square-foot, multi-tenant industrial park located on 6.4 acres in Beaverton, just west of Portland. The property is strategically located along SR-217, just south of SR-26, providing excellent access to downtown Portland as well as the city’s large corporate anchors along the Sunset Corridor. The property offers 30-foot clear heights in the warehouse and an attractive combination of dock and grade loading, making it one of the best last-mile distribution options along the 217 Corridor.

BKM Capital’s Malliet added, “Additionally, this is a great opportunity to expand and diversify BKM’s Portland portfolio of assets, leverage existing property management infrastructure while closely monitoring the capital repositioning and integration of hands-on operational oversight.”

 

BKM will leverage its existing management team, which oversees Tigard Business Park, located less than five miles south of Fry Distribution Center. With a vertically integrated and agile approach, BKM’s in-house property and construction managers will oversee structural and cosmetic improvements, including fresh paint, uniform landscaping, tenant/monument/address signage, and modernized awnings. A revamped appearance will reposition the property to outperform the competitive set, while in-place rents are naturally adjusted to market. Additionally, BKM plans to rebrand the asset as Beaverton Industrial Center as part of its multi-faceted capital improvement plan.

 

Cushman & Wakefield’s Robert F. Buckley represented BKM Capital Partners in the transaction.

 

About BKM Capital Partners (www.bkmcapitalpartners.com)

 

BKM Capital Partners was founded in 2013 by Brian Malliet. Headquartered in Newport Beach, California, BKM Capital Partners is a real estate fund manager specializing in the acquisition and improvement of value-add, light industrial, multi-tenant properties in metro areas across the Western U.S. BKM Capital Partners combines a deep knowledge of this niche industrial product type with a vertically-integrated operator platform that includes in-house capabilities to reposition and convert existing assets, enhance property management, incorporate leasing management and institutionalize light industrial properties characterized by fragmented ownership positions. The firm continues to build on its proven track record, generating strong results with high levels of transparency and engagement for investors.

 

About TC US Partners (www.terracorecap.com)

 

Founded in 2016, TC US Partners is a real estate investment manager specializing in enterprise and programmatic ventures with a primary focus on dynamic growth markets in the United States. TC US Partners focuses on platform-level investing, whereby it establishes formal agreements to act as a programmatic capital partner to best-in-class operators, with the objective to expand and/or build an institutional-quality real estate portfolio that can perform across market cycles.

 

Press Contact

 

BKM Capital Partners

Emily Pollard

epollard@bkmcp.com

www.bkmcapitalpartners.com

 

TC US Partners

Juliana Soto

jsoto@tclatam.com

www.terracorecap.com

 

Legal Disclaimer

 

THE INFORMATION HEREIN IS PROVIDED FOR ILLUSTRATIVE PURPOSES ONLY, MAY NOT BE FULLY INDICATIVE OF ANY PRESENT OR FUTURE INVESTMENTS, MAY BE CHANGED AT THE DISCRETION OF BKM/TC USP WITHOUT NOTICE.

THIS IS NEITHER AN OFFER TO SELL NOR A SOLICITATION OF AN OFFER TO BUY AN INTEREST IN ANY INVESTMENT FUND. SUCH AN OFFER OR SOLICITATION MAY BE MADE ONLY TO ELIGIBLE PURCHASERS PURSUANT TO A CONFIDENTIAL PRIVATE OFFERING MEMORANDUM. THERE CAN BE NO ASSURANCE THAT ANY INVESTMENT PROGRAM WILL ACHIEVE ITS INVESTMENT OBJECTIVES OR THAT LOSSES WILL NOT OCCUR. SOME OF THE STATEMENTS CONTAINED HEREIN CONSTITUTE FORWARD-LOOKING STATEMENTS, WHICH RELATE TO FUTURE EVENTS OR THE FUTURE PERFORMANCE OR FINANCIAL CONDITION OF THIS INVESTMENT. FORWARD-LOOKING STATEMENTS INVOLVE RISKS INCLUDING STATEMENTS AS TO FUTURE OPERATING RESULTS, BUSINESS PROSPECTS, THE FUTURE SUCCESS OF THE GENERAL ECONOMY AND ITS IMPACT ON ANY INVESTMENT.

BKM Capital Partners Recapitalizes Northwest Business Park in Phoenix with TC US Partners for $29 Million

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Phoenix, Arizona, July 29, 2021

 

Newport Beach, California-based BKM Capital Partners completed the recapitalization of Northwest Business Center, an 11-building, multi-tenant industrial business park in Phoenix, AZ for $29 million. The transaction was executed through a joint venture with TC US Partners, a real estate investment manager with a primary focus on dynamic growth markets in the United States.

 

BKM Capital Partners’ CEO Brian Malliet said, “We’re excited about this partnership and recapitalization with TC US because Northwest Business Park offers the ideal combination of stability, security and potential upside. The property represents an outstanding opportunity with an irreplaceable multi-tenant business park in one of Phoenix’s most desirable submarkets at a price well below replacement cost. Market demand remains strong in Metro Phoenix despite a pandemic-affected economy.”

 

“We are pleased to partner with BKM, an experienced operator with a proven track record that has demonstrated its ability to generate value through its vertically integrated platform. We are enthusiastic about the potential of the light industrial asset class given its resilience during the pandemic and strong fundamentals into the future. We expect this new partnership to continue delivering attractive opportunities and returns for our investors”, said Daniel Grunberg, co-founder of TC US Partners.

 

The recently renovated property encompasses 227,603 square feet of space in buildings spread out over 17.67 acres. The asset is located at 2310-2440 W. Mission Lane, 9014-9034 N. 23rd Ave. and 9013-9033 N. 24th Ave.

 

Northwest Business Park offers an array of suite sizes, configurations and buildout levels that appeal to a wide range of tenants, as evidenced by a tenancy spanning various industries, including logistics support, manufacturing, distribution, and construction businesses. The project boasts modern interior layouts and finishes, efficient loading areas and convenient drive-up surface parking. A recent capital investment in the asset exceeded $2.4 million and included maintenance and improvements to the roofs, HVAC, landscaping, and parking lot.

 

Located in the heart of Metro Phoenix, the Northwest Business Park delivers easy freeway access, is within walking distance to a future light rail station slated for completion in 2024, and is near an expansive workforce and a wealth of amenities. The property benefits from a frontage location on Dunlap Road, a major east/west arterial street, resulting in excellent street presence, strong building identity and an easily identifiable location.

 

BKM Capital Partners’ Brett Turner, Managing Director of Acquisitions, said, “Our investment thesis about the Phoenix market has been validated by healthy growth and demand for the light industrial product over the past few years. We recognized there was a tremendous value opportunity in the North Phoenix submarket with Northwest Business Park, the recapitalization of which with TC US aligns with our continued investment strategy.”

 

BKM continues to own and operate 2.1 million square feet throughout the Phoenix metro area.

 

About BKM Capital Partners (www.bkmcapitalpartners.com)

 

BKM Capital Partners was founded in 2013 by Brian Malliet. Headquartered in Newport Beach, California, BKM Capital Partners is a real estate fund manager specializing in the acquisition and improvement of value-add, light industrial, multi-tenant properties in metro areas across the Western U.S. BKM Capital Partners combines a deep knowledge of this niche industrial product type with a vertically-integrated operator platform that includes in-house capabilities to reposition and convert existing assets, enhance property management, incorporate leasing management and institutionalize light industrial properties characterized by fragmented ownership positions. The firm continues to build on its proven track record, generating strong results with high levels of transparency and engagement for investors.

 

About TC US Partners (www.terracorecap.com)

 

Founded in 2016, TC US Partners is a real estate investment manager specializing in enterprise and programmatic ventures with a primary focus on dynamic growth markets in the United States. TC US Partners focuses on platform-level investing, whereby it establishes formal agreements to act as a programmatic capital partner to best-in-class operators, with the objective to expand and/or build an institutional-quality real estate portfolio that can perform across market cycles.

 

Press Contact

 

BKM Capital Partners

Emily Pollard

epollard@bkmcp.com

www.bkmcapitalpartners.com

 

TC US Partners

Juliana Soto

jsoto@tclatam.com

www.terracorecap.com

 

Legal Disclaimer

THE INFORMATION HEREIN IS PROVIDED FOR ILLUSTRATIVE PURPOSES ONLY, MAY NOT BE FULLY INDICATIVE OF ANY PRESENT OR FUTURE INVESTMENTS, MAY BE CHANGED AT THE DISCRETION OF BKM/TC USP WITHOUT NOTICE.

THIS IS NEITHER AN OFFER TO SELL NOR A SOLICTATION OF AN OFFER TO BUY AN INTEREST IN ANY INVESTMENT FUND. SUCH AN OFFER OR SOLICITATION MAY BE MADE ONLY TO ELIGIBLE PURCHASERS PURSUANT TO A CONFIDENTIAL PRIVATE OFFERING MEMORANDUM. THERE CAN BE NO ASSURANCE THAT ANY INVESTMENT PROGRAM WILL ACHIEVE ITS INVESTMENT OBJECTIVES OR THAT LOSSES WILL NOT OCCUR. SOME OF THE STATEMENTS CONTAINED HEREIN CONSTITUTE FORWARD-LOOKING STATEMENTS, WHICH RELATE TO FUTURE EVENTS OR THE FUTURE PERFORMANCE OR FINANCIAL CONDITION OF THIS INVESTMENT. FORWARD-LOOKING STATEMENTS INVOLVE RISKS INCLUDING STATEMENTS AS TO FUTURE OPERATING RESULTS, BUSINESS PROSPECTS, THE FUTURE SUCCESS OF THE GENERAL ECONOMY AND ITS IMPACT ON ANY INVESTMENT.

 

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Collection of Your Information. We collect information from you (“Your Information”) when you voluntarily provide it to us through the Site, as well as automatically through your visits to the Site. The information that is collected may include: first and last name, email address, telephone number, mailing address, login credentials, password, a response to a security question, whether you are a financial advisor or a broker/dealer, the name of your financial advisory firm (if applicable), your computer’s IP address, the Internet browser and operating system you are using, the length of time spent browsing pages of the Site, and the websites you accessed immediately before and after your visit to the Site.

You may voluntarily provide Your Information through the Site in a number of ways, including: (a) when you login to your account or make updates to your account information; (b) when you fill out a form on the Site; and (c) when you contact us to request information from us. As noted, the Site also automatically gathers Your Information related to your use of the Site. We may use “cookies” (small text files placed in the memory of your device) or similar technologies to retain information about you and your use of the Site, and we may engage third parties to assist us in the collection of Your Information. These technologies can automatically collect information relating to the hardware and software you use to visit the Site and what pages you have visited. We may tie Your Information that is automatically gathered by the Site to Your Information that we collect from other sources or that you provide to us. We may use Your Information that has been automatically gathered to help authenticate you, store and recognize your configuration and user attributes, facilitate navigation of the Site, and customize information made available on the Site to you. You are free to decline our cookies if your browser permits you to disable them, but if you do, some portions of the Site may not operate properly.

Use of Your Information. We may use Your Information to provide you with information and services, to send you notices (for example, in the form of email messages or mailings), and otherwise to respond to your requests. We may also use Your Information to enhance the operation of the Site and the services and information offered, to provide you with personalized features, in our marketing and promotional efforts on the Site and elsewhere, in statistical analysis of use of the Site (both on an individual basis and in the aggregate), to update and enhance our records, maintain and improve the Site, and for other purposes identified on the relevant portions of the Site where Your Information is collected. We may also use Your Information to contact you regarding us or the Site, resolve disputes, troubleshoot problems, and enforce and investigate your compliance with our agreements with you, including our Terms of Use and this Privacy Policy. We may also use, compile, and analyze Your Information to learn about: your use of the Site, how many people are visiting the Site, what are the most visited portions of the Site, and trends in user behavior.

Sharing of Your Information. We may share Your Information with affiliated entities within TERRACORE CAPITAL. We may also share Your Information with certain unaffiliated third parties in some circumstances, including the following:

  • Vendors and Suppliers. We may share Your Information with unaffiliated vendors, suppliers, authorized representatives, service providers, and agents so that they may help us to maintain the Site, store Your Information, fulfill your requests, or otherwise provide services or support TERRACORE CAPITAL’s business.
  • Government Agencies / Law Enforcement. In certain circumstances, TERRACORE CAPITAL might be called upon to release Your Information in response to a court order, subpoena, search warrant, law, or regulation. TERRACORE CAPITAL plans to cooperate in responding to such requests, taking appropriate measures to ensure that the requesting party understands the sensitive nature of Your Information that they may receive. TERRACORE CAPITAL also reserves the right to disclose Your Information in the event that we have reason to believe that someone is causing or threatening to cause injury to or interference with our rights or property, the rights or property of others, the operation of the Site, any user of the Site, or anyone else that could be harmed by such activities or if someone is otherwise engaging in behavior that is otherwise illegal or harmful to others.
  • Corporate Transactions. If TERRACORE CAPITAL sells all or part of its business or makes a sale or transfer of assets or is otherwise involved in a merger, business transfer, or other type of liquidity event, TERRACORE CAPITAL may, in its sole discretion, transfer, sell, or assign Your Information to the acquiring entity as part of or in connection with that transaction. Upon such transfer, sale, assignment, or other liquidity event, the transferee, assignee, successor, or acquiring party may use Your Information in accordance with this Privacy Policy or as otherwise permitted by applicable law or regulation.

We may also share aggregated anonymous data concerning our users with third party analytic services, business , and others interested in how the Site is used. We do not share Your Information with unrelated third parties for their own direct marketing purposes.

Security. We use reasonable efforts to maintain physical, electronic, and procedural safeguards to protect the confidentiality and integrity of Your Information. However, no security system is foolproof and we cannot fully eliminate security risks with respect to Your Information. We recommend that you do not send us any of Your Information via non-secure methods of correspondence, including via public electronic communication channels, such as Internet e-mail, which are generally not secure.

Other Sites or Services. The Site may contain links to other websites or may allow you to use or access third party services. We are not responsible for the privacy practices of any other websites or other service providers.
Information you submit to those websites and service providers is subject to the privacy policies of those other websites and service providers, not this Privacy Policy. We encourage you to review the privacy policies of these other websites and service providers before you submit any information to them.

Your Choices. You may opt out of receiving promotional emails from us by updating your preferences in your account settings or by following instructions provided in the emails. Even if you request to opt out of receiving promotional emails from us, we may use your contact information to send you other types of emails.

Updating or Deleting Your Information. You generally may update Your Information that is in your account with us by following the procedures described on those portions of the Site where you may log in to the account. In some cases, however, you may need to contact us by phone to update Your Information.

We will use our commercially reasonable efforts to fulfill your request in a timely manner. We may keep a record of all information that is deleted, and we may determine what may be deleted. For example, if we are required to keep certain information for regulatory purposes, we may be prevented from deleting that information. Further, even if we delete Your Information from our “live” database, it may still be stored on other databases (including those kept for archival purposes). We are not responsible for deleting information about you from the databases of any third parties.

International Users. THE SITE IS INTENDED FOR RESIDENTS OF THE UNITED STATES. IF YOU ACCESS THE SITE FROM OUTSIDE THE UNITED STATES, YOU EXPRESSLY CONSENT TO OUR PROCESSING OF YOUR PERSONAL INFORMATION IN THE UNITED STATES AND ACCORDING TO THIS PRIVACY POLICY, UNDERSTANDING THAT U.S. LAWS REGARDING PROCESSING OF YOUR PERSONAL INFORMATION MAY BE MORE OR LESS STRINGENT THAT THE LAWS OF THE COUNTRY FROM WHICH YOU ACCESS THE SITES.

Organizations. IF YOU REPRESENT AN ORGANIZATION, YOU MUST ENSURE THAT EACH MEMBER OF YOUR ORGANIZATION (INCLUDING EMPLOYEES AND CONTRACTORS) ABOUT WHOM PERSONAL INFORMATION MAY BE PROVIDED TO US HAS GIVEN EXPRESS CONSENT TO OUR PROCESSING OF SUCH PERSONAL INFORMATION ACCORDING TO THE TERMS OF THIS PRIVACY POLICY.

Privacy of Children. The Site is not directed at minors and we do not knowingly collect information from, or maintain any information regarding, persons under the age of 18.

Contacting Us. If you have any questions about this Privacy Policy, you may contact us at info@tcUS.com, or 1251 Avenue of the Americas, 34th Floor New York, NY 10020.

Last Update of this Privacy Policy: April 1, 2022.