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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.

Posted by: In: Rockspring News 21 Oct 2019 0 comments

Matthew Kenneally

HOUSTON, October 21, 2019 – Rockspring Capital, a privately owned real estate investment firm headquartered in Houston, today announced the addition of Matthew Kenneally as senior vice president, business development. In his role, Kenneally will grow the firm’s investment partnerships, bringing Rockspring opportunities to a wider range of institutional organizations, family-owned offices and individual investors.

“Rockspring’s leadership continues to grow as Matthew becomes the latest senior executive to join our ranks,” said Jim McAlister IV, President and CEO of Rockspring Capital. “His investor network and communications experience across different sectors will help us to diversify our investor targets all the while supporting our existing relationships.”

Kenneally has more than 15 years of investor relations and investment management experience, in both traditional and alternative asset classes. He also brings to the firm communications and relationship management experience across various verticals, including energy, petrochemical and manufacturing.

“Rockspring has assembled a deep team of investment and real estate leaders that have driven the firm’s success. I am excited to contribute and help further grow the firm’s investor base,” said Kenneally. “Rockspring has maintained partnerships with sophisticated LPs for years with excellent service, transparency, trust and results. With the successful track record that the firm has accrued, and the breadth of experience this management team has across the real estate investment sector, it won’t be long until we’re working with a wider range of institutional groups.”

Most recently, Kenneally was senior vice president, business development with Throne Petroleum where he sourced and managed institutional and private equity investments while overseeing the growth of Throne’s midstream company. Prior to Throne, Kenneally opened the domestic private banking arm of HSBC Private Bank in the Texas market where he and his team built a large portfolio of investment management clients from wealthy individuals, institutions, endowments, corporate trust and family offices.

Kenneally earned his Juris Doctorate in energy and natural resources law from the University of Tulsa and his BA in Managerial Economics from Hampden-Sydney College.

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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 02 Oct 2019 0 comments

HOUSTON, June 26, 2019 – Rockspring Capital, a privately owned real estate investment firm headquartered in Houston, today announced the addition of James P.  Manouse, Director of Distribution. In his role, Manouse will be responsible for increasing the visibility of the firm’s land funds, working with broker dealer partners across the country on the firm’s offerings, and leading wholesale efforts.

“Jim will be instrumental in helping us further expand our U.S. broker-dealer partnerships as he brings to the firm a deep investor network as well as two decades of capital raise experience,” said Jim McAlister IV, President and CEO of Rockspring Capital. “The insights he has gained marketing alternative investments as well as income producing real estate is a great fit for our Texas real estate fund strategy. We’re excited to have him.”

Prior to joining Rockspring, Manouse served as Senior Director of National Accounts at HC Government Realty Trust, Inc., where he led efforts to launch selling agreements and relationships in the broker-dealer network. He also served as Chief Distribution Officer at Lodging Opportunity Fund REIT where he managed wholesaling efforts, obtained new broker-dealer selling agreements, and expanded existing relationships.

Manouse received a political and social science degree from Binghamton University and attended Harvard University. Manouse is Finra Series 24, 7 and 66 licensed. He is also a member of the IPA’s Government and Policy Advocacy Committee and ADISA’s Legislative and Regulatory Affairs Committee.

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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 03 May 2019 0 comments

HOUSTON, May 2, 2019 – Rockspring Capital, a privately owned real estate investment firm headquartered in Houston, today announced the addition of Michael Johnston as Vice President, Duties Sales. Johnston will be responsible with generating new investment opportunities with regional and national registered financial advisors (RIAs), family offices, high net worth individuals, and more, for the firm’s fund offerings as well as working with end users, such as construction and development companies, for the acquisition of Rockspring’s real estate assets.

“We’re excited for Michael to join the team as his efforts will further elevate the case of why Texas has and will continue to be ideal place to invest,” said Jim McAlister IV, President and CEO of Rockspring Capital. “His 15 plus years of national commercial construction and development experience will also be instrumental as he and our brokerage teams will continue to market our development-ready assets to construction firms that are looking to build residential and commercial structures in opportunistic locations of Texas. Since he’s started, he’s already secured great wins and are looking forward to his continued success.”

Prior to joining Rockspring, he served as Operations Director and Project Executive for BE&K Building Group where he worked closely with business development to procure new business while overseeing a variety of projects. Johnston also founded and ran Johnston Commercial Services for several years where he sold more than $15 million in mechanical services. Well versed in estimating and modeling out income property, Johnston received his BBA in Marketing from Texas State University.

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About Rockspring

Rockspring Capital is a Houston-based real estate investment company with a history to 1973 whose 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.