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News & Insights

Rockspring News

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.

Industry Insights

Posted by: In: Industry Insights 17 Jan 2018 0 comments

According to a Houston Chronicle article and the end-of-year figures from the Houston Association of Realtors, 79,117 single-family homes representing $23 billion were sold in 2017. This beats 2016’s previous year’s sales record by 3.5 percent. A major attribution to the record year includes investors swooping in to buy and flip flooded homes as well as people beginning to look in alternate sub-markets throughout the Houston area. Does Texas’s resilience know no bounds?

To read the full Houston Chronicle story, click here.

Posted by: In: Industry Insights 11 Jan 2018 0 comments

The Federal Reserve Bank of Dallas forecasts that due to rebounding energy and manufacturing sectors, Texas could be in for an influx of jobs in the hundreds of thousands in 2018. The Houston Chronicle reported that based on this forecast and in Houston in particular, the city could see a gain of 75,000 jobs if crude oil stays around $60 a barrel.

To read the full Houston Chronicle story, click here.

Posted by: In: Industry Insights 31 Oct 2017 0 comments

The Dallas Morning News recently reported on a power rankings survey on the hottest home markets in the U.S. in 2017. Out of 50 cities, San Antonio, Fort Worth and Dallas took the top three spots on the rankings, respectively. Austin was number 10. The Texas cities were ranked high based on not only double-digit home price gains, but the fact that they remain very affordable areas to buy homes.

To view the Dallas Morning News story, click here.

Posted by: In: Industry Insights 06 Oct 2017 0 comments

Central Texas – Austin and Round Rock – saw the best summer selling season it has ever experienced, according to the Austin Board of Realtors August 2017 home sales report.

To view the CultureMap Austin article, click here.

Posted by: In: Industry Insights 28 Sep 2017 0 comments

The San Antonio Express-News recently posted a feature article that takes a deep dive into what has made the “Texas Triangle” – Austin, Houston, San Antonio and Dallas – the cornerstone of economic success in the U.S. With a job-growth rate three times that of New York City and five times that of Los Angeles, a hurricane and an oil slump can’t slow Texas.

To view the San Antonio Express-News article, click here.