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News & Insights

Rockspring News

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.

 

Industry Insights

Posted by: In: Industry Insights 27 Jul 2017 0 comments

The fastest growing economy in the U.S. belonged to the Lone Star State in the first quarter of 2017 according to a recent report from the Bureau of Economic Analysis. Strong factors associated with this growth are attributed to steady growth in the manufacturing and mining sector.

To view the CNSnews.com article, click here.

Posted by: In: Industry Insights 27 Jun 2017 0 comments

 

In a 15-year span, the Texas Triangle (Austin, Dallas-Fort Worth, Houston, San Antonio) increased in population by 41 percent, or about 5.3 million people. While many articles of this nature report on the state as a whole, Inman recently published a story specifically on the Texas Triangle. This four-city stretch is home to 53 of the state’s 54 Fortune 500 companies and seven of the state’s 10 biggest universities. A large theme of the story is despite the oil downfall, low cost of living and a fantastic work environment make anyone of these Texas cities a great investment for a family and business alike.

To view the Inman story, click here.

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

International commercial real estate investors put Texas at the top of their popularity list for 2016, according to the National Association of Realtors (NAR). The association recently launched their annual report on commercial real estate activity and Florida and Texas were the top states for international activity. NAR’s top economists stated that despite the slow recovery from the economic downturn, U.S. properties are a safe bet when compared to the rest of the world.

To view the Dallas Morning News coverage of the report, click here.

 

Posted by: In: Industry Insights 25 May 2017 0 comments

The Dallas Morning News recently reported on the U.S. Census Bureau’s ‘15 Fastest Growing Cities’ rankings and Texas cities dominated the chart. Texas had five cities in the top 10.

1. Conroe

2. Frisco

3. McKinney

5. Georgetown

9. New Braunfels

Additionally, only two states had more than one city represented in the rankings with Florida taking the other spot.

To read the full Dallas Morning News article that covered the report, click here.

Posted by: In: Industry Insights 24 May 2017 0 comments

As population and job volume continues to steadily increase in Houston, so does investment for retail, according to a new report from online real estate marketplace, Ten-X. The Houston Chronicle featured the report in an article stating that only Miami and Fort Lauderdale have stronger retail numbers, with strong population growth as the major driving factor

To read the full Houston Chronicle story, click here.