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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.  

Posted by: In: Rockspring News 19 Sep 2018 0 comments

HOUSTON, September 19, 2018 – Rockspring Capital, a privately-owned real estate investment firm headquartered in Houston, today announced the sale of a 157-acre land tract in Katy, Texas, northwest of Houston.

The property was sold to the Katy Independent School District and is located off of Katy Hockley Rd., sharing two borders with Newland Communities’ master-planned residential community Elyson and just west of Grand Parkway. The 157-acre land tract was acquired by Rockspring Capital in 2014.

“The Katy Prairie area’s imminent boom in population growth, coupled with being home to one of the fastest-growing school districts in the state made this a strong purchase for our acquisition team” said Jim McAlister IV, President & CEO of Rockspring Capital. “We’re proud to be a part of the Katy, Texas legacy and wish our friends at the Katy Independent School District the best of luck for future development.”

McAlister Real Estate’s Harrison Kane, James Kadlick, Matt Herring, and Chris Hutcheson represented Rockspring in this sale. The Katy Independent School District was consulted by Jared and Fred Fargo of Consolidated Property Advisors.

 

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About Rockspring Capital

Rockspring Capital is a Houston-based real estate investment firm with a history of investing since 1973, whose strategy is to acquire opportunistic land parcels and residential lots in high growth areas. It also makes special situation bridge loan and note purchases on land-related assets. Rockspring Capital acquires with all cash in markets within the “Texas Triangle” – Houston, Austin, San Antonio and Dallas/Ft. Worth. For more information about Rockspring Capital, visit www.rockspringcap.com.

Posted by: In: Uncategorized 08 Feb 2018 0 comments

By Beau Ryan, Senior Vice President & Chief Operating Officer

At Rockspring, we have a culture that embraces employee professional development as well as personal passions. Our team members give it their all everyday inside and outside of work, so when we hear about their personal wins, we celebrate them.

Most recently, Rockspring’s VP Asset Management & Entitlements Michael Ross, also a semi-professional race car driver for the National Auto Sport Association (NASA ), won first place at the 2017 NASA Eastern States Championships in Florida in the Spec Miata Division.

For Michael, it was a tough race that required a lot of hard work and preparation leading up to the competition. The race itself was no easy picnic as Michael was behind most of the race and it took all of his knowledge and skills to keep him competing for first behind highly-skilled racer Selin Rollan. The race ended in dramatic fashion with Michael finally passing Selin followed by a drag race towards the finish line in which Michael’s Miata won by a bumper.

The race was symbolic of the tough experience presented to Houston towards the end of 2017. In a year that gave Houston unprecedented flooding from Hurricane Harvey, it’s taken a lot of hard work to overcome major setbacks. Michael’s story is no different as the race capped off a challenging year that involved his family battling and recovering from severe flooding at his home and neighborhood. Other employees at Rockspring were also severely impacted, and so Michael was no longer just racing for himself, but his team, family and coworkers.

Michael’s win was featured on NASA Speed’s news page. You can also find a post-race video interview of Michael by clicking here.

In this rigorous year, every win counts, big or small, and for Michael, this was one of the most satisfying wins of all.

 

 

For Broker Dealer Use Only
Copyright © 2017. All Rights Reserved.

This is neither an offer to sell nor a solicitation of an offer to buy any security, which can be made only by the confidential private placement memorandum (PPM) and all exhibits, attachments and supplements thereto, and sold only by broker-dealers and registered investment advisors who are licensed to do so. These investment opportunities have not been registered under the Securities Act of 1933 and are being offered pursuant to an exemption there from and from applicable state laws. Please read the PPM carefully before you invest. There is no assurance that the investment objectives of this program will be attained. All information is subject to change. Consult the PPM for investment conditions, risk factors, minimum requirements, fees and expenses and other pertinent information with respect to this investment. Rockspring Capital, LLC makes no representations as to the suitability for any purpose of any investment whatsoever. This presentation is intended solely for accredited investors who have received a PPM. Any unauthorized reproduction of this information is strictly prohibited.

Securities offered by Emerson Equity LLC, Member FINRA/SIPC. Emerson Equity is not affiliated with Rockspring Capital.

Neither past nor related performance guarantees future results.

Posted by: In: Uncategorized 08 Feb 2018 0 comments

By Beau Ryan, Senior Vice President & Chief Operating Officer

At Rockspring, we have a culture that embraces employee professional development as well as personal passions. Our team members give it their all everyday inside and outside of work, so when we hear about their personal wins, we celebrate them.

Most recently, Rockspring’s VP Asset Management & Entitlements Michael Ross, also a semi-professional race car driver for the National Auto Sport Association (NASA ), won first place at the 2017 NASA Eastern States Championships in Florida in the Spec Miata Division.

For Michael, it was a tough race that required a lot of hard work and preparation leading up to the competition. The race itself was no easy picnic as Michael was behind most of the race and it took all of his knowledge and skills to keep him competing for first behind highly-skilled racer Selin Rollan. The race ended in dramatic fashion with Michael finally passing Selin followed by a drag race towards the finish line in which Michael’s Miata won by a bumper.

The race was symbolic of the tough experience presented to Houston towards the end of 2017. In a year that gave Houston unprecedented flooding from Hurricane Harvey, it’s taken a lot of hard work to overcome major setbacks. Michael’s story is no different as the race capped off a challenging year that involved his family battling and recovering from severe flooding at his home and neighborhood. Other employees at Rockspring were also severely impacted, and so Michael was no longer just racing for himself, but his team, family and coworkers.

Michael’s win was featured on NASA Speed’s news page. You can also find a post-race video interview of Michael by clicking here.

In this rigorous year, every win counts, big or small, and for Michael, this was one of the most satisfying wins of all.