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Posted by: In: Uncategorized 06 Apr 2020 0 comments

April 6, 2020 – AUSTIN/SAN ANTONIO – Rockspring, a Houston-based, multi-disciplined real estate firm targeting markets within the Texas Triangle (Austin, San Antonio and Houston), today announced the addition of Barret Espe as Vice President, Brokerage Central Texas. Espe will oversee the Central Texas brokerage team as well as be responsible for all brokerage services in the region. This is the firm’s first hire in the area since announcing its Central Texas expansion, strategy shift and rebranding earlier this year.

“Since the beginning of the year, the Rockspring team has been full steam ahead in executing our new strategy and expanding the San Antonio and Austin offices. The addition of Barret marks the next step in that endeavor,” said Michael Ross, President and Chief Strategy Officer for Rockspring. “The diversity of his broker experience in so many different industries as well as the national brands he’s represented help to elevate our brokerage offerings to a wider range of partners. We’re excited for him to join us in this new era for Rockspring.”

Espe will be based in Austin, but will also be covering San Antonio alongside the rest of Rockspring’s Central Texas team.

In February, Rockspring announced the opening of a new office in San Antonio to propel the firm’s new growth strategy for Central Texas. The strategy includes expanded target assets, lines of business, rebranding, and more, with the Central Texas operations being led by David Orr, a 41-year commercial real estate veteran and Andrew Lake, who’s background consists of startup operations management and urban product selection.

Before coming to Rockspring, Espe was a broker focusing on landlord, tenant, seller and buyer representation for local and national clients, including Enterprise Rent-A-Car, Bahama Buck’s, H-E-B Shopping Center Development, Fred Loya Insurance and many others. Prior to his brokerage experience, Espe was Vice President of Research at RESOLUT RE (formerly Retail Solutions).

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About Rockspring

Rockspring is a Houston-based, multidiscipline real estate firm with a history of investing since 1993. The Company’s expertise in the Texas Triangle (Houston, San Antonio and Austin) provides investors with local expertise in the $1.3 Trillion economy in Texas across various asset classes, including, residential, retail and industrial development. The Rockspring team’s diversification in geography, deal size, asset class and leverage affords its investor base a wide array of investments to fit their strategy.

 

Posted by: In: Rockspring News 19 Feb 2020 0 comments

David Orr and Andrew Lake to Carry Out Firm’s Expansion, New Asset Strategy, Services and More in Central Texas

Feb. 19, 2020 – SAN ANTONIO – Rockspring, a Houston-based, multi-disciplined real estate firm targeting markets within the Texas Triangle (San Antonio, Austin and Houston), today announced its San Antonio expansion with the opening of a new office in the city’s northwest Colonnade Centre. As a part of the firm’s new growth strategy, which includes expanded target assets, lines of business, rebranding, and more, the expansion will provide a greater depth of service and personnel to Rockspring’s operations in Central Texas.

The expansion is led by 41-year commercial real estate veteran David Orr, Regional Director – Central Texas, who’s been overseeing the firm’s real estate activities and growth since joining in 2015 and brings a vast array of experience in commercial brokerage, development and finance. He is accompanied by Andrew Lake, who joined the firm in 2019 as Operations Director – Central Texas and has a unique background of startup operations management, urban product selection and product development. Orr and Lake will not only spearhead the growth in the Alamo City, but will also drive the development of the firm in Austin as well in the coming months.

“As we enter a new era for Rockspring, our development in the dynamic Central Texas region is key to our success,” said Michael Ross, Rockspring’s President and Chief Strategy Officer. “David and Andrew have done a tremendous job growing our presence in San Antonio, which will propel us to add more talent and increase investment opportunities in residential, retail and commercial properties in the region. Their experience, skillset and network will play an integral part in elevating Rockspring to be the premier real estate investment firm of Texas.”

Formally Rockspring Capital, Rockspring has shifted focus from its traditional investments in suburban raw land (in the Houston, Austin and San Antonio MSAs) to assets in more urban areas targeting residential, retail and industrial developments with a higher price tag. This approach, which will be executed in Central Texas by Orr and Lake, helps to identify investments with faster exit strategies as well as further diversifies Rockspring’s portfolio, a growing importance to the Company’s investor base.

“I’ve been very fortunate to be a part of Rockspring’s success over the past few years and I’m extremely excited to help grow our presence and investment model in this market,” said Orr. “We are very bullish on Central Texas and I’m confident that the expansion of our services and personnel will strengthen our ability to provide a successful platform for our clients and investors for many years to come.”

The firm also launched a new vertical development platform. The Company historically has bought assets, added value horizontally and sold to end users, but now intends to extend the development cycle vertically, adding further value to its portfolio as well as opportunities to generate income producing assets.

Rockspring’s investment roots go back 40 years with more than 15 funds and $350M under management. The Company has achieved tremendous growth adding five employees in the past five years and will announce the opening of its Austin office later this year.

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About Rockspring

Rockspring is a Houston-based, multidiscipline real estate firm with a history of investing since 1993. The Company’s expertise in the Texas Triangle (Houston, San Antonio and Austin) provides investors with local expertise in the $1.3 Trillion economy in Texas across various asset classes, including, residential, retail and industrial development. The Rockspring team’s diversification in geography, deal size, asset class and leverage affords its investor base a wide array of investments to fit their strategy.

Posted by: In: Rockspring News 05 Feb 2020 0 comments

Ross to lead significant changes at Rockspring, including the firm’s rebrand, evolution in real estate investment strategy, launch of new development service and more

Feb. 5, 2020 – HOUSTON – Rockspring, a Houston-based, multi-disciplined real estate firm targeting markets within the Texas Triangle (namely, Austin, Houston and San Antonio), today announced its new President and Chief Strategy Officer Michael Ross and its new name, Rockspring (formally Rockspring Capital), as well as the launch of additional lines of business.

Ross’ new role includes overseeing day-to-day operations as well as the execution of the firm’s new strategies. He joined Rockspring in 2006 as Vice President of Asset Management & Entitlements where he oversaw pre-acquisition due diligence and post-closing entitlement activities for their funds. The founder and CEO of the firm, Jim McAlister IV, who has ran the company for 10 years will continue to oversee the business while deepening the firm’s fundraising and real estate activities.

“We’re beyond excited to enter into this new journey with my friend Michael leading the charge,” said McAlister. “Having worked for us for more than 13 years, Michael knows the business inside and out, has brought to the table many new ideas to grow the firm and has the management and leadership skills to execute them all with great success. I couldn’t be prouder of Michael and our growing teams across all offices as this new and historic chapter for Rockspring will elevate us to be one of the premier real estate firms in Texas.”

Rockspring has shifted focus from its traditional investments in suburban raw land (in the Houston, Austin and San Antonio MSAs) to assets in more urban areas targeting residential, retail and industrial developments with a higher price tag. This approach helps to identify investments with faster exit strategies as well as further diversifies its portfolio, which are benefits that have grown in importance to the Company’s investor base.

“I’m honored to have been given this opportunity to help lead the firm, by setting and implementing these new strategies,” said Ross. “I am confident that we’ll have extraordinary success in rolling out our new lines of business and growing the firm as the staff that Jim has assembled these past few years are the most talented real estate and investment teams with which I have worked. We’re just getting started and look forward to working with new investors, developers, property owners and services companies within the major markets of Texas.”

Rockspring is also launching a new vertical development platform. The Company historically has bought assets, added value horizontally and sold to end users, but now intends to extend the development cycle vertically, adding further value to its portfolio as well as opportunities to generate income producing assets. The firm has already put into action its development capabilities with its first retail property in Liberty Hill, Texas (a submarket of Austin), which will break ground in the next few months.

In addition, the firm’s partner brokerage firm McAlister Real Estate, also owned by McAlister, is rebranding under the Rockspring name as it looks to maximize the brand recognition the firm has built statewide and to grow its brokerage services across a broad array of real estate asset classes.

Rockspring’s investment roots go back 28 years with more than 15 funds and $350M under management. The Company has achieved tremendous growth adding several employees in the past five years and is gearing up to open its San Antonio and Austin offices later this year.

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About Rockspring

Rockspring is a Houston-based, multi-discipline real estate firm with a history of investing since 1993. The Company’s expertise in the Texas Triangle (Houston, San Antonio and Austin) provides investors with local expertise in the $1.3 Trillion economy in Texas across various asset classes, including, residential, retail and industrial development. The Rockspring team’s diversification in geography, deal size, asset class and leverage affords its investor base a wide array of investments to fit their strategy.

Posted by: In: Rockspring News 21 Jan 2020 0 comments

Say hello to Rockspring’s newest team member, Blake Joyner. Blake joins the team as Project Coordinator following an impressive internship with Rockspring in 2019. Learn more about Blake, his new role and what he is hoping for in his career at Rockspring in this Q&A.

How have you enjoyed your time with Rockspring so far?

I have really enjoyed my time at Rockspring as the company culture is second to none. In addition to being great mentors, our leadership and management teams are incredibly intelligent, motivated and driven toward a common goal.

What originally attracted you to the firm?

When searching for employment options that had institutional focuses, I was attracted to Rockspring because of its smaller size, great track record and impressive deals under its belt. The firm allowed me to see the full spectrum of operations firsthand and I was lucky enough to touch most parts of the business. Plus, the relationships I have built with the team are incredible and I know I can lean on them for market insights and guidance to advance myself professionally. I’ve gotten to see the full picture at Rockspring.

Tell me about your role at Rockspring and what you think your biggest contribution(s) will be?

My role as Project Coordinator consists of supporting the land acquisition and development teams. Though due diligence is my main responsibility, I will also help put together financial models, review and interpret market data, title reports, surveys and contracts. On the development side, I’ll coordinate development activities with engineers and architects to ensure our products are of the best quality.

Tell us about your background.

I received my undergraduate degree from Texas A&M in May 2018 as well as my Masters in Land and Property Development in December 2019, where I learned the detailed process of horizontal and vertical land development and advanced real estate finance. I interned with Rockspring in the summer and fall of 2019, commuting to College Station for class from Houston, until I graduated and was hired full time. It’s been quite the journey and I am thankful to Rockspring for giving me the opportunity to launch my real estate career.

What are you most looking forward to in 2020?

I’m excited for the future as we have a team of incredibly talented people. I’m eager to work on new projects and ventures, help grow our operating platform and further broaden our real estate arsenal.

Posted by: In: Rockspring News 06 Jan 2020 0 comments

Joining Rockspring in September of 2019, Matthew Kenneally, VP Business Development, has hit the ground running in expanding Rockspring’s offerings to family offices, wealth managers and other sophisticated investors. He recently participated in a Q&A to share how he got to Rockspring and his goals for 2020.

How have you enjoyed your time with Rockspring so far?

It’s been fantastic and this extraordinary team has welcomed me with open arms. I am most impressed with the expertise and professionalism each team member brings every day. There is a strong culture that aims to deliver successful outcomes to our investors as well as meets the goals of each employee.

What originally attracted you to the firm?

I’ve known Rockspring CEO and Founder Jim McAlister since we were in elementary school.  I’ve followed his career for many years and admire the firm he has built.

Last summer, I was approached by a headhunter I’ve worked with in the past about an opportunity at a firm she felt was a good match with based on my experiences and skill set. I wasn’t looking for a change, but once I knew it was Jim at Rockspring, I was interested to hear more. I spent weeks discussing the firm’s direction, processes and goals, and got to know each member of this incredible team. Needless to say, I was sold and couldn’t be happier with my decision.

Tell me about your role at Rockspring and what you think your biggest contribution(s) will be?

My role as VP of Business Development is, in simplest terms, to expand Rockspring’s investor reach and capital pools while building new long-term relationships with a broader investor class.

My focus has always been understanding the goals and concerns of current and future clients and providing solutions that match. My top priority each day is building trust, providing transparency, and proving that my business is a reliable partner. Rockspring operates on these same principals, so coming on board was an easy decision.

Tell us about your background.

For most of last two decades, I have worked in private banking and wealth management, most notably at HSBC Private Bank, Wells Fargo Private Bank, and UBS Financial Services.

In those roles, I was responsible for building diversified investment portfolios for high net worth investors and family office organizations. This experience directly benefits my role at Rockspring and offers a more focused opportunity to provide value to sophisticated investors and family offices seeking direct asset exposure and return potential through real estate.

What are you most looking forward to in 2020?

Our focus for 2020, and every year, is providing superior real estate investment opportunities for our clients. I am looking forward to carrying the Rockspring banner into 2020alongside our management team as their expertise is second to none.

Posted by: In: Rockspring News 13 Dec 2019 0 comments

Rockspring’s 2019 was busy as a big focus of the firm centered on bolstering the team’s roster of experts. Jim Manouse, Director of Distribution and one of this year’s new additions, completed a Q&A recently to share his background and experience with the company so far.

How have you enjoyed your time with Rockspring so far?

Rockspring has been a great experience. The first thing that stood out when I got here was that there is a clear focus on culture. The people here are really supportive and easy to work with. They are all extremely helpful, knowledgeable and experienced individuals in real estate and beyond and I’m also happy to call them friends. It’s rare to have a team this close and so dedicated to the culture.

How did you get to Rockspring?

I have two individuals I would like to thank for getting me to Rockspring. First, is the late Brent Barton. Brent was my colleague in the industry and friend for many years, and he was the one who connected me with Rockspring as well as vouched for me. Unfortunately, he is no longer with us, but his legacy lives on.

Secondly, I would like to thank Mike Axelrad for giving me the chance and backing at Rockspring. After Brent made the introduction, Axe and I clicked, and we haven’t looked back.

Tell me about your role at Rockspring.

My role is unique among my colleagues at Rockspring. While most of my coworkers work more on the real estate side, my responsibility is on the distribution side. I introduce the firm to the broker/dealer community and alternative investments space as well as form and nurture relationships with the right firms and institutional clients. I help share and make sure our products are a fit with the investment community and the major associations that serve and represent our industry, such as ADISA and the IPA.

What are you most proud of since joining the team?

So far, I’m most proud of my support to help launch Rockspring’s Texas Broker/Dealer Fund II. I came into the company halfway through the year and the stage of the new fund was still very young. I helped work with multiple partners and parties to bring the fund to fruition. From coordinating with our legal advisors and getting the review of third-party due diligence, to preparing all facets of marketing and finally introducing and seeing the fund launch, it has been very rewarding to say the least.

Tell us about ADISA in Las Vegas and how you think it went?

ADISA and the fund introduction was a great success. Competition is fierce. However, what we are offering is unique and this coupled with the fact we have true experts of Texas land on deck really piqued the interest of many outstanding firms. I’ve been affiliated with ADISA for many years so I’m very familiar with the organizers process and how best to make use of our time in Las Vegas. This is a relationship business and ADISA is one of the best ways to make and foster friendships over many years. The same can be said of the IPA, a great organization that does a tremendous job of representing our industry, mainly in Washington D.C. I’m proud to serve on committees of both organizations.

What are you looking forward to the most at Rockspring?

The Rockspring team has worked hard to create a team of experienced experts and I’m honored to be counted among them. With a team like this entering 2020, it’s hard not to get excited about what awaits next year and what Rockspring will be able to accomplish.

Posted by: In: Rockspring News 22 Nov 2019 0 comments

Rockspring’s growth is accelerating and with 2020 on the horizon, there are a lot of exciting things in the pipeline. Mike Axelrad, Managing Director of Capital Markets, recently fielded a Q&A to talk about his time at Rockspring (he joined in 2017), how his role and the team have transformed and why he is excited about the future.

 

How have you enjoyed your time with Rockspring so far?

My time at Rockspring has been, in a word, a “blast.” Having come from the corporate world, most recently a publicly traded REIT and prior to that, entities owned by Morgan Stanley and Blackstone affiliates, it was refreshing to join a team that had a more entrepreneurial spirit and a desire to grow an operating platform. During my brief tenure, I have seen the management team assembled by Jim McAllister, coalesce around a common view to grow that firm to become a multidiscipline full-service real estate firm.

 

Tell me about your role at Rockspring.

I initially joined Rockspring to continue the retail funds that we have in both Canada and in the Broker/Dealer space here in the US. Through these funds, smaller investors are able to participate in real estate that they would otherwise not be able to afford.  Additionally, they are able to utilize our local expertise to invest in the dynamic Texas Triangle (DFW, Austin/San Antonio and Greater Houston markets).  We have launched the US Broker Dealer Fund and am on the cusp of launching the latest Canadian Fund.

With that said, my role at the firm is evolving. We are developing new lines of business to include development, asset management and leasing within several real estate asset classes, namely light industrial, self storage, single family and retail.  These disciplines are served by the collective experience within the existing management team.  For example, my background is in Retail Services.  In that capacity, I managed, leased, developed and sold shopping centers in the Texas Market, more than 11 million square feet.  We will utilize this background to grow our platform to buy and build shopping centers in our markets as well as build a leasing and asset management team to support the business unit.  Similarly, other members of the team have experience in light industrial, self storage and single family that we will leverage. Ultimately we will do MOB.

 

What are you most proud of since joining the team? What are you looking to still improve?

I am pleased with the relaunch of our retail level funds, the creation of a High Net Worth Fund and improving the overall investor experience with Rockspring.  We are working diligently to improve investor communication and improving the overall offering to provide superior risk adjusted returns. With those strides, we are also looking to broaden our capital stack to broaden our investor base by providing investors with different product to be more closely correlated to their risk tolerance.

 

You recently attended ADISA in Las Vegas, tell us about the goal and how you think it went?

This year’s annual conference at ADISA in Las Vegas was a success. We went with the intention of meeting with a large  number of broker dealers and their due diligence teams that have their clients invest in the alternative space that we  have  not yet tapped and together with my recent Rockspring team add, Jim Manouse, we were able to start the process to become associated with larger Broker Dealer organizations to be placed on their shelf… The product was well received and follow up meetings should yield a bevy of new Broker Dealers and new investors.

 

Since the team is getting bigger, how has the atmosphere of the Company changed if at all?

It’s a far more dynamic environment, which is both exciting and demanding. We are looking to grow Rockspring from the bottom up by looking at and rationalizing every process within the organization. One of the key components is the influx of young real estate professionals.  Having the ability to train young professionals in the industry to create a legacy is really rewarding.  Being able to take senior managements’ collective experience and bring up the next generation has created a vibrant work life experience.

 

Thinking on direction and strategy, what has you most excited about the firm in 2020?

Executing on the firm strategy of building new lines of business while maintaining existing lines of business will be an exciting time for us all.

Posted by: In: Rockspring News 22 Nov 2019 0 comments

At Rockspring, we take pride in providing optimal service to all our investors and it takes the entire firm to keep our partners up to date on our latest deals, quarterly reports, necessary tax submissions, and more.

One thing you might not know is that accounting plays a key role in customer service. In fact, our finance folks are essential to maintaining our high level of investor support.  In addition to making sure our numbers and ledgers are straight, we answer questions that come through from our phones, email, mail and sometimes even in person. Each investor inquiry is as important as the next and we do what is needed to fulfill their requests.

At the heart of our vital customer service is Jackie Poling who provides touch points to our investors in every phase of the partnership. Investors love working with her and we’re proud to have her on the team, so we want to spotlight our wonderful, but humble, Senior Accountant.

 

Describe your role at Rockspring.

Though I work in accounting, I would say during peak times 50 percent of my time is spent interacting with our partners in both the United States and Canada. I employ my accounting background for my monthly, quarterly and annual financial and reporting duties. I get to use my people skills to help investors with their needs and I enjoy doing it.  Each day is different and the part I play is something I look forward to each and every day.

 

What’s it like around the Rockspring office?

It’s a nice place to come and work. The environment is esthetically pleasing, the people are great, and our management takes care of us. Most recently, a number of ergonomic enhancements have been installed, which is high on my list of things I am grateful for.

 

How did you get to Rockspring?

I’m from Pittsburgh – Go Steelers! – and moved to Houston in 1990. I worked at Baylor College of Medicine for 13 years in Finance & Administration. I began there in Cash Management and ended my time there as a Manager in Grants and Contracts. For the next 14 years I was an entrepreneur; I opened my own bookkeeping company, where I got to work directly with many small Houston businesses, I launched and produced an annual dance festival and directed a dance company. In late 2016 I joined Rockspring Capital. I love where I am now.

 

What are you looking forward to in working at Rockspring?

I look forward to coming to work knowing that I’m an important piece of the puzzle. It doesn’t matter your place in the organization; everyone makes sure you know that you count. Each day we come together to do our jobs and I take pride in the work we do.

Posted by: In: Rockspring News 07 Nov 2019 0 comments

HOUSTON, November 7, 2019 – Rockspring Capital, a privately-owned real estate investment firm headquartered in Houston, today announced the sale of its 7.6-acre site in the rapidly-growing Westover Hills community in Northwest San Antonio.

Located on Rogers Road near Mt. Evans, the property neighbors the Chevron and Microsoft Data Center worksites and is minutes from highways 151 and 1604. The sale was made to an undisclosed buyer and marks the firm’s second close in San Antonio in less than a month.

“Our San Antonio real estate team continues to deliver great wins for our firm as the city, much like the bustling Westover Hills area, is a hotbed of real estate activity. Closing two San Antonio deals in a span of a few weeks reflects the lucrative development opportunities currently happening in the Alamo City as well as our management team’s ability to capitalize on them,” said Jim McAlister IV, President and CEO of Rockspring Capital. “As 2019 comes to a close, our deals are not slowing down as we plan to work with more property owners and developers to ramp up our portfolio going into 2020.”

Last month, Rockspring sold its 3.5-acre, mixed-used land tract located in downtown San Antonio near the Alamodome. The Rogers Road and Alamodome property deals were brokered by McAlister Real Estate’s George Herrera.

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About Rockspring Capital

Rockspring Capital is a Houston-based real estate investment company with a history of investing since 1973. Its strategy is to acquire opportunistic real estate, land parcels and residential lots in high growth areas. It also makes special situation bridge loans, note purchases and covered land plays on real estate assets. Rockspring Capital acquires with all cash in markets within the “Texas Triangle” – Houston, Austin, San Antonio and Dallas/Ft. Worth.

Posted by: In: Rockspring News 01 Nov 2019 0 comments

HOUSTON, November 1, 2019 – Rockspring Capital, a privately-owned real estate investment firm headquartered in Houston, today announced the sale of its 3.5-acre mixed-used land tract in the heart of San Antonio.

Originally bought in a joint venture of Rockspring funds, the property is located downtown near the Alamodome and Riverwalk at the intersection of Cherry Street and César E. Chávez Blvd. The site is conveniently positioned near San Antonio’s central business district and is accessible from multiple major highways. The sale was made to an undisclosed buyer.

“I am proud of our San Antonio office for closing this deal for Rockspring and the buyer, as it’s a testament to our management team’s extensive network and deep market knowledge of the Alamo City,” said Jim McAlister IV, President and CEO of Rockspring Capital. “The greater San Antonio area, much like the other major markets of Texas, are growing rapidly and it takes the right team to stay ahead of all the activity happening in Central Texas. We look forward to growing our presence in the region in the near future.”

George Herrera with McAlister Real Estate brokered the deal.

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About Rockspring Capital

Rockspring Capital is a Houston-based real estate investment company with a history of investing since 1973. Its strategy is to acquire opportunistic real estate, land parcels and residential lots in high growth areas. It also makes special situation bridge loans, note purchases and covered land plays on real estate assets. Rockspring Capital acquires with all cash in markets within the “Texas Triangle” – Houston, Austin, San Antonio and Dallas/Ft. Worth.