About.

You are here: Bearing Development » About

About

About


  • Local
  • Focused on the development of Mixed-Use Multifamily
  • Focused on Downtown Re-Development and Development (Existing and New Construction)
  • Service Provider

TJ Karam – Partner

TJ Karam received his bachelor’s degree in Public Relations from Texas Tech University and his master’s degree in Electronic Commerce from the University of Dallas. While in Graduate school, TJ traded securities as a licensed stock broker for Fidelity Investments. Upon returning to El Paso, in 2002, TJ worked as the El Paso and Juarez Market Representative for Prologis, the largest industrial REIT in the World. Mid 2005 TJ returned to the business of commercial real estate and began forming partnerships based on development and redevelopment of commercial and residential mixed use real estate.

Paul Gilcrease – Partner

Paul Gilcrease, born and raised in El Paso, Texas, returned home in 1999 to start his career in real estate development. Paul graduated from Texas Christian University where he earned a BBA in Finance, Real Estate concentration. Paul previously held the title of Project Developer during his 7 year career at Hunt Development Group. He was part of a team that developed over 20 multifamily properties consisting of approximately 3,800 units as well as multiple Military Housing Privatization Initiative Projects also consisting of 1,000′ s of units. He later held the title of Vice President, Director of Development for TVO for three years. As part of his time at TVO Paul led the development of Magoffin Park Villas in downtown El Paso as well as Miner Heights Student Housing for the University of Texas at El Paso.

Philosophy

Philosophy


Bearing Development is a leader in value creation for residential and commercial owners. With over 50 years combined experience in real estate development and construction management, Bearing Development has exemplified a steadfast commitment to service, creativity and hard work. Bearing’s values and people share one guiding principle: to ensure the highest level of quality and expertise powered by passion and innovation.


Affiliations

Affiliations & Designations


TJ

  • Downtown TIRZ Board, Chairman
  • Downtown Management District, Member
  • Certified Lead Paint Renovator

Paul

  • Building and Standards Commission, Member
  • MCA TIRZ Board, Member
  • Texas Real Estate license holder
  • Certified Lead Paint Renovator


Testimonials

Testimonials


Bearing Development helped us secure financing, comply with city codes and regulations, hire a contractor and redevelop a 75-year old building with decades of deferred maintenance into one of the best-performing multi-family properties in El Paso. They hit their budget, turned out a great product and helped us achieve our pro-forma numbers. We are very satisfied and highly recommend Bearing.

- Beto and Melissa O’Rourke
Imperial Arms Apartments
Corner of Stanton and Rim

 

Paul Gilcrease assisted us not only in identifying key statistics regarding the single family residential lot market in new growth sectors in El Paso, but also delivered a concise market data report containing the necessary data needed for our overall analysis.  He was able to perform the services he promised within budget and on-time.  Should a special project like this present itself again, we will look to Paul first.
- Justin Chapman | President | Southwest Community Development
Hunt Companies


About

Philosophy

Affiliations

Testimonials