Tr South Park Square Corporation

Tr South Park Square Corporation, as a title holding corporation under IRC Section 501(C)(25), was established to manage real property on behalf of the Teachers' Retirement System of the State of Illinois. This nonprofit organization's primary role was to hold title to properties, acting as a legal intermediary between the retirement system and the property owners. However, it is important to note that this nonprofit corporation is no longer active or in operation.

The mission of Tr South Park Square Corporation was to serve as a trusted custodian for the Teachers' Retirement System, ensuring the security and management of the real estate assets within its purview. By holding title to the properties, the corporation allowed the retirement system to maintain a passive investment in real estate, while also providing administrative support for the management and maintenance of these assets.

Despite its important function, Tr South Park Square Corporation has ceased operations, leaving the Teachers' Retirement System to manage its real estate holdings directly or through alternative arrangements. The nonprofit's termination or inactivity may have been due to various reasons, such as the completion of its mission objectives, financial difficulties, or regulatory changes. Regardless of the cause, the impact of Tr South Park Square Corporation's termination is significant, as it represents a loss of a valuable resource for the Teachers' Retirement System in managing its real estate investments.