Teacher Retirement System of Texas

After Statesman inquiry, lawsuit aims to keep Texas Teacher Retirement System’s lease under wraps

2020-05-18T14:19:25-05:00

By Bob SechlerAustin American-StatesmanOriginally published May 15, 2020 The Teacher Retirement System of Texas describes itself as committed to public transparency and says it’s no longer trying to prevent disclosure of the full terms of its multimillion-dollar office lease in the luxury Indeed Tower high-rise under construction in downtown Austin. But that hasn’t stopped a development company in which the taxpayer-funded retirement system has a big financial stake from continuing the state agency’s nearly yearlong legal effort to conceal the information following multiple American-Statesman requests for it. The company — TC Austin Block 71 LLC — has filed a lawsuit against [...]

After Statesman inquiry, lawsuit aims to keep Texas Teacher Retirement System’s lease under wraps2020-05-18T14:19:25-05:00

Partial records released: TRS rent starts at $326,000 per month

2020-01-27T14:47:17-06:00

By Bob SechlerAustin American-StatesmanOriginally published Jan. 24, 2020 The Teacher Retirement System of Texas has disclosed partial costs of its office lease in an upscale high-rise under construction in downtown Austin, seven months after the American-Statesman first asked for financial details about it and the state agency sought to keep it secret. The starting base lease rate disclosed by the retirement system — which has an investment relationship with one of the developers of the 36-story Indeed Tower going up on West Sixth Street — equates to about $326,000 per month initially. That rate is below the current average for top-end [...]

Partial records released: TRS rent starts at $326,000 per month2020-01-27T14:47:17-06:00
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