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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: Rockspring News 17 Jan 2018 0 comments

Energy downturn and hurricanes have not slowed the Texas economy, according to CEO and President of Rockspring Capital, Jim McAlister IV. Through all of it, Rockspring continues to find and capitalize on investment opportunities throughout the state and the Houston Chronicle recently caught up with McAlister to discuss momentum moving into 2018.

To read the full Houston Chronicle interview, click here.

 

Posted by: In: Rockspring News 19 Dec 2017 0 comments

Rockspring Capital’s sale of a 1,619-acre parcel was recognized as a finalist in the Houston Business Journal’s 2017 Deals of the Year for Residential Real Estate. The firm assembled the property before the recession and patiently waited for the best deal, which ended up being one of the largest in the Houston area since the oil slump. Rockspring is honored to be recognized as one of the foremost experts in real estate investment strategy and looks forward to a strong 2018.

To view the Houston Business Journal article, click here.

Posted by: In: Rockspring News 18 Sep 2017 0 comments

HOUSTON (September 18, 2017) – Rockspring Capital, a privately owned real estate investment firm headquartered in Houston, today announced the hiring of Mike Axelrad as Managing Director of Capital Markets.

Read more…

Posted by: In: Rockspring News 16 Aug 2017 0 comments

– Houston Business Journal Article by Rockspring Capital CEO

It’s been almost 10 years since the real estate bust and three years since the start of the oil downturn and it’s starting to look like economic experts who have been bad mouthing Texas are running out of things to say.  According to a recently contributed article by Rockspring Capital’s Jim McAlister IV, foreign investment in Texas real estate has become a critical part of the economic growth Texas has enjoyed. The diverse industry base and friendly economic environment have skyrocketed the Lone Star State to the top of investment maps. It seems like it is only the beginning.

To view the Houston Business Journal article, click here.