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.
In his new role, Axelrad will be responsible for raising capital associated with Rockspring’s strategic acquisitions of opportunistic real estate, land parcels and residential lots in high growth areas. He will also sit on the firm’s investment committee, which is responsible for the company’s ultimate acquisition decisions.
“It’s our mission to stay at the forefront of investor needs, which is more important than ever as more international groups turn to Texas and Rockspring for opportunistic real estate deals,” said Jim McAlister, President and CEO of Rockspring Capital. “Mike’s background and years of real estate investment experience, having worked for one of our country’s largest retail shopping center operators, make him an invaluable resource for our firm and growing investor base. His efforts will help us to continue to exceed evolving stakeholder expectations, a role he’s mastered from his previous positions. We’re thrilled to have him.”
Before joining Rockspring, Axelrad served as Senior Vice President of Leasing and Redevelopment at Brixmor Property Group where he oversaw leasing and asset management of its Texas portfolio totaling 10+ million square feet of retail shopping centers. Prior to that, he was Senior Vice President, Acquisitions and Joint Venture Asset Management of New Plan, the predecessor to Centro Property Group, where he was responsible for acquisition and financing associated throughout the southern U.S. and capital raising of the company’s joint ventures operating in the Southern U.S..
“I’ve known Jim and his team for years. They have a paramount real estate team and high caliber, diversified group of investment partners. It’s a privilege to be able to work alongside them,” said Axelrad. “My goal is to enhance Rockspring’s investor experience with institutional quality systems while delivering best of class returns by maintaining entrepreneurial flexibility derived from local expertise within Texas’ distinct and booming markets.”
Axelrad received his BBA in Accounting from The University of Texas at Tyler and his JD in Specializing in Taxation from The University of Houston.
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.