Real estate development firms Terracor Real Estate and Freestone Commercial Real Estate completed the formation of a joint venture, Merit Commercial Real Estate, a real estate development and brokerage firm. Financial terms were not disclosed. "Our business philosophy and personal values also align in that we believe we are here to serve our team members, which allows them to best serve our clients. All of our team members have the opportunity to participate in the wealth creation process at Merit. It's all about the team," Ryan Harrison, Merit Commercial Real Estate Co-CEO.