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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.rockspring.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 24 Apr 2017 0 comments

According to a Houston Chronicle article featuring Energy Economist Karr Ingham, Texas is entering a ‘new cycle of expansion’ in the oil and gas industry as initial financial reports for the beginning of 2017 show promising data, alluding to consistency in the industry’s recovery. For instance, in the first quarter of 2017, Texas oil rig counts are up 80 percent, drilling permits have doubled to 1,300 and state oil and gas employment has increased by 9,000 over the first quarter of 2016.

To read the full Houston Chronicle story, click here.

The Dallas Morning News caught up with a senior economist with the Federal Reserve Bank of Dallas for some interesting insight into recent U.S. Census Bureau data. Although Harris County was dethroned as the population boom king by Maricopa County, Arizona, overall Texas had four counties in the top ten for population growth from 2015 to 2016.

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

Posted by: In: Industry Insights 23 Mar 2017 0 comments

Hotel building data from industry research firm STR Global showed that Dallas, Austin and Houston will have the majority of new hotels in 2017. These three Texas cities will dethrone traditional front runners New York and Los Angeles. In 2017, Marriott alone is building 38 hotels in Texas.

To read the full The New York Times article that covered the report, click here.

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

Recent results from a survey released by the Federal Reserve Bank of Dallas showed that factory production in Texas increased for the seventh consecutive month in January 2017. The state production index showed that this success is due to increases in shipments, added workers and extended hours of production. Healthy factory production is key indicator of economic wellness and 2017 is off to a strong start.

To view the Austin American-Statesman analysis of the survey results, click here.

Posted by: In: Industry Insights 11 Jan 2017 0 comments

According to state-by-state population growth data recently released by the U.S. Census Bureau for 2015 to 2016, Texas saw the largest increase in people (432,957) compared to any other state. Texas led the charge for many southern states as well with 37.9 percent of the population in the U.S. living in the south region in 2016. Real estate market success has historically correlated with population growth and experts predict 2017 to be a solid year.

To read the Houston Agent article, click here.