Rockspring Capital (the “Company”) announced today that James E. Hynes joined the Company as Managing Director on August 1, 2010, to lead business development activities related to prospective investors in the Company’s funds. His primary responsibilities are managing fundraising activities, including the formation and structuring of new offerings, as well as communications and marketing to new investors, both individual and institutional.
Mr. Hynes’ background includes executive leadership positions with both public and private real estate equity firms. He has been involved in more than $1 billion of transactions representing approximately $250 million in new capital.
“We are extremely excited to have Jim join our team as he will be instrumental in broadening our current investor base” said Jim McAlister IV, President and CEO of Rockspring Capital. “I look forward to introducing the Company to new investors looking to invest in a great leadership team and superior track record,” said Jim Hynes.
About Rockspring Capital
The Company is a second-generation real estate investment management firm. Rockspring’s investment strategy is to acquire opportunistic developed residential lots in desirable communities and in-fill land parcels in high growth areas. The Company acquires land with all cash through a fund structure designed to provide its investors diversification through product, location and investment size mix. Core markets are within the “Texas Triangle” of the Houston, Austin, San Antonio and Dallas/Ft. Worth greater metropolitan areas. The company is now raising capital for its seventh fund – Opportunity Land Fund No. 7, L.P., which will be capped at $100 million.