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Posted by: In: Newsletter, Rockspring News 23 Aug 2016 0 comments

We meet with numerous financial partners around North America. Often, we are asked about the folks back in our corporate office that our partners interact with daily. To help put faces to the names and learn more about them, we’d like to begin spotlighting the employees that help our firm run smoothly every day, starting with our company’s Financial Administrator, Darla Purchase.

Darla joined Rockspring Capital in 2007 to manage the accounting functions for all Land Funds, including the related partnerships and joint ventures associated with the U.S. and Canadian Land Funds. Prior to Rockspring, Darla served 25 years as a Financial/Business Administrator in the finance and agriculture industries. Darla studied business at Texas Wesleyan University. Read more…

Posted by: In: Newsletter, Rockspring News 23 Aug 2016 0 comments

On a recent trip to China, I met with a number of wealth managers, investment funds and other finance professionals to confirm that the Chinese still had a strong desire to invest in U.S. real estate. The main takeaway of my trip was that not only did they still have a ferocious appetite, but that future investment was going to be driven by the booming middle class.

The economy of China is important for a number of reasons. It’s the second largest in the world, and when based on purchasing power parity, China’s GDP is actually the largest, followed by the U.S., India and Japan. Consequently, China’s economy has a huge effect on the rest of the world, touching everything from commodities demand to consumer consumption. Read more…

Posted by: In: Newsletter, Rockspring News 23 Aug 2016 0 comments

In April, we partially exited a land parcel in Northwest San Antonio to CST Brands Inc, which plans to build a Corner Store on the tract.

Some of the highlights include:

  • Total 10.58 acres acquired in May 2015 for $1,300,000.
  • Partial exit of 4.71 acres was sold in April 2016 for $1,400,000.  Yes, less than 1/2 of the property sold for more than the total acquisition price in less than one year.
  • Approximately $840,000 of sale proceeds were set aside in an escrow to make infrastructure improvements on remaining 2 pad sites, which will further increase value/prepare sites for sale.

Read more…

Posted by: In: Newsletter, Rockspring News 23 Aug 2016 0 comments

As a native Texan, I thought it was time to join the conversation on the “reported” energy crash and its impact on Houston and Texas, so I authored a follow-up article to my Forbes piece last year. With many headlines suggesting gloom and doom, the “Texas Model” continued to propel our state with positive job growth, best-in nation housing numbers and a deeper roster of blue-chip companies. Read more…

Posted by: In: Newsletter, Rockspring News 18 Apr 2016 0 comments

By Michael Ross, Vice President, Asset Management & Entitlements

Rockspring Capital ended 2015 with two very strong property purchases in booming Austin and Houston submarkets.

The first acquisition is our second tract in the city of Leander, Texas, located just north of Austin. The 19.7-acre lot will be sold in multiple parcels over the next few years as the area continues to grow. The asset is located at the northeast corner 183A and Crystal Falls Parkway, in close range of multiple schools, office complexes and shopping centers.

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Posted by: In: Newsletter, Rockspring News 18 Apr 2016 0 comments

By Beau Ryan, Senior Vice President & Chief Operating Officer

Among the numerous annual reports on real estate sales, growth and prices, one has really stood out showing just how important Texas real estate is to the overall national picture. John Burns Real Estate Consulting recently released its “Top 21 Master-Planned Communities of 2015” report in which Texas claimed eight of them.

Beau

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Posted by: In: Newsletter, Rockspring News 18 Apr 2016 0 comments

By Jim McAlister IV, President & Chief Executive Officer

Rockspring Capital has many things to be grateful for in 2015, including its sold property receiving the Houston Business Journal’s “Deal of the Year” in Retail on January 26. Selections were made by a panel of judges containing members of the Houston business community as well as the Houston Business Journal newsroom.

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Posted by: In: Newsletter, Rockspring News 18 Apr 2016 0 comments

By Jim Hynes, Managing Director

There’s no question that the oil and gas industry receives most of the energy news headlines in Texas. However, most people are unaware that Texas is the national leader in wind energy and is playing a significant role in this key renewable sector globally.

Texas Wind Energy - Real Estate Investment - Rockspring capital

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Posted by: In: Industry Insights, Newsletter 15 Oct 2015 0 comments

By Jim McAlister IV, President & Chief Executive Officer

Our core business is to provide entitlement and development-ready land to homebuilders and others in the major Texas cities. As droves of people continue to move to Texas, the opportunities for our investment partners are increasing daily.

Construction image

Although much has been written by the liberal media as to the demise of the conservatively run Texas economy with oil dropping from $100 to $50 a barrel in the past year, sometimes facts can be stubborn things:

  • July 2015 single-family home sales in Houston totaled 8,147 units, the highest one-month volume ever, according to a report published in August by the Houston Association of Realtors (HAR).  The average price of a single-family home was also up 6.3 percent year-over-year.
  • The Emerging Trends in Real Estate® 2016 report continues the good news. All of the major cities in Texas better known as the “Texas Triangle” were ranked in the top seven of 75 U.S. markets ranked for homebuilding:

                                                   Rank #

  Dallas/Fort Worth                     1

  Austin                                          2

  Houston                                      6

   San Antonio                               7

 

The report is an annual publication from PricewaterhouseCoopers and the Urban Land Institute (ULI) with a 34-year history and is one of the most highly regarded and widely read real estate industry trend reports every year. The report provides an outlook on real estate investment and development trends, real estate finance and capital markets, property sectors, metropolitan areas, and other real estate issues. Click here to view the full report.

Employers and employees alike continue to vote with their feet (and moving vans) for the business-friendly Texas model of low regulation, low taxes and self-reliance. This has created a favorable high demand and low supply of quality finished residential lots in the market.

There is no better time to invest alongside a 40-year local market expert like Rockspring that can help navigate around the right submarkets and properties.

Posted by: In: Newsletter, Rockspring News 14 Oct 2015 0 comments

By Beau Ryan, Senior Vice President & Chief Operating Officer

Elizabeth Burdine has joined the Rockspring team as a portfolio manager. Her duties will include institution-grade risk and return analytics and assuring that all fund offerings adhere to their specific investment mandates. Visit Our Team page to view her full bio.

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