By Jim McAlister, President & Chief Executive Officer
Mike Axelrad joined the Rockspring Capital team in September 2017 and already we have seen elation from investors and friends of the firm. ‘Axe’, as he is affectionately known around the office, is our Managing Director of Capital Markets and also sits on the firm’s investment committee of acquisitions/dispositions.
Mike received his BBA in Accounting from the University of Texas at Tyler and his JD with an emphasis in Taxation from The University of Houston.
If you haven’t had the opportunity to personally meet Mike, see below for details on his background, plans, hobbies and more.
Why were you interested in joining Rockspring?
Jim McAlister and I met around four years ago and we really hit it off. It was through this longstanding relationship that I learned about Rockspring Capital, its unique acquisition strategy and the team behind the business. I knew Rockspring was doing something special so this sparked my interest.
What made you interested in becoming Managing Director?
My institutional background in real estate investment was a driving factor, but my additional experiences from taxation law to corporate acquisitions really solidified my desire for the position. This coupled with Rockspring’s entrepreneurial spirit and unique strategy fired me up from the start.
What’s your primary role?
I’m responsible and dedicated to raising capital associated with Rockspring’s strategic acquisitions of opportunistic real estate and land parcels in high growth areas.
What are your plans for the firm?
I want to take Rockspring Capital to the next level of raising institutional capital and work to maximize return to our investors. Additionally, I plan to enhance the acquisition/disposition process with experience learned in my career.
What do you enjoy most about your job so far?
The team. Jim McAlister has created a culture that is driven by his entrepreneurial spirit which in turn has equipped the Rockspring Capital team to provide an outstanding portfolio of diverse assets. The collaboration throughout the office is unlike anything I have seen and truly assures that no stone is left unturned.
What do you find most challenging about your job?
Finding the balance between pure entrepreneurial spirit and a more institutional approach to investing. To me, this is a great problem to have in terms of growing pains for a business. Rockspring previously invested in large “path of development” properties. Rockspring has adapted to the ever-shifting real estate investment landscape by creating an acquisition strategy that focuses more on strategically located parcels where a risk adjusted development strategy adds value to not only the real estate, but to the investor as well.
Tell us about your career before Rockspring.
After school, I immediately went to work for a few law firms, specifically in tax law and corporate acquisition work. After this, I went to work for Jerry J Moore Investments who at the time was one of the largest shopping center owners in the U.S. Prior to Rockspring, I was SVP of Leasing and Redevelopment at Brixmor Property Group where I oversaw leasing and asset management of the Texas portfolio totaling more than 10 million square feet of retail shopping centers.
What do you like to do on your spare time?
In my spare time I very much enjoy traveling.