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News & Insights

Rockspring News

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 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.

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.