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News & Insights

Rockspring News

Posted by: In: Rockspring News 24 Aug 2020 0 comments

August 24, 2020 – HOUSTON – Rockspring, a Houston-based, multi-disciplined real estate firm targeting markets within the Texas Triangle (Austin, San Antonio and Houston), today announced that it’s added Jose Lopez as National Director of Sales. He will be responsible for growing the Rockspring brand among investors and broker dealer partners across the U.S.

“Jose’s deep broker dealer experience will help accelerate our growth in working with a wider range of investors across the country,” said Michael Ross, President and Chief Strategy Officer for Rockspring. “With today’s market uncertainty, we are seeing a greater investor shift to proven investments that are based on core real estate fundamentals, particularly in markets such as Texas where Rockspring operates. Rockspring has been offering alternative real estate investments for years in the Lone Star State and with Jose’s help and network, we’ll be working with more and more investment groups looking for reliable solutions in an unpredictable economy.”

Before coming to Rockspring, Lopez was with MBD Solutions where he oversaw the sales and marketing of Reg D offerings focused on real estate development and value add, debt offerings, and areas of high opportunity. Prior to that he was a financial advisor for Morgan Stanley.

Lopez is based in Reading, PA where he will head the national account side for the firm. Originally from Connecticut, Lopez established himself as a trusted partner among east coast independent broker dealers and advisors as well as midwestern partners for more than 10 years.

Lopez added, “Rockspring’s rapid growth is opening a lot of eyes in the investor community and I’m honored and excited to be a part of this phenomenal roster of expertise. I look forward to working with my investor contacts and colleagues across the U.S. to showcase the incredible opportunities we offer in Texas with Rockspring.”

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About Rockspring

Rockspring is a Houston-based, multidiscipline real estate firm with a history of investing since 1993. The Company’s expertise in the Texas Triangle (Houston, San Antonio and Austin) provides investors with local expertise in the $1.3 Trillion economy in Texas across various asset classes, including, residential, retail and industrial development. The Rockspring team’s diversification in geography, deal size, asset class and leverage affords its investor base a wide array of investments to fit their strategy.

 

Posted by: In: Rockspring News 06 Apr 2020 0 comments

April 6, 2020 – AUSTIN/SAN ANTONIO – Rockspring, a Houston-based, multi-disciplined real estate firm targeting markets within the Texas Triangle (Austin, San Antonio and Houston), today announced the addition of Barret Espe as Vice President, Brokerage Central Texas who will lead the Austin Brokerage Team. This is Rockspring’s first hire in the area since announcing its Central Texas expansion, strategy shift and rebranding earlier this year. Espe, along with Rockspring’s David Orr, Regional Director – Central Texas, and Andrew Lake, Operations Director – Central Texas will be responsible for growing the firm’s brokerage reach in Central Texas.

“Since the beginning of the year, the Rockspring team has been full steam ahead in executing our new strategy and expanding the San Antonio and Austin offices. The addition of Barret marks the next step in that endeavor,” said Michael Ross, President and Chief Strategy Officer for Rockspring. “The diversity of his broker experience in so many different industries as well as the national brands he’s represented help to elevate our brokerage offerings to a wider range of partners. We’re excited for him to join us in this new era for Rockspring.”

Espe will be based in Austin, but will also be covering San Antonio alongside the rest of Rockspring’s Central Texas team.

In February, Rockspring announced the opening of a new office in San Antonio to propel the firm’s new growth strategy for Central Texas. The strategy includes expanded target assets, lines of business, rebranding, and more, with the Central Texas operations being led by Orr, a 41-year commercial real estate veteran and Lake, whose background consists of startup operations management and urban product selection.

Before coming to Rockspring, Espe was a broker focusing on landlord, tenant, seller and buyer representation for local and national clients, including Enterprise Rent-A-Car, Bahama Buck’s, H-E-B Shopping Center Development, Fred Loya Insurance and many others. Prior to his brokerage experience, Espe was Vice President of Research at RESOLUT RE (formerly Retail Solutions).

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About Rockspring

Rockspring is a Houston-based, multi-disciplined real estate firm with a history of investing since 1993. The Company’s expertise in the Texas Triangle (Houston, San Antonio and Austin) provides investors with local expertise in the $1.3 Trillion economy in Texas across various asset classes, including, residential, retail and industrial development. The Rockspring team’s diversification in geography, deal size, asset class and leverage affords its investor base a wide array of investments to fit their strategy.

Posted by: In: Rockspring News 19 Feb 2020 0 comments

David Orr and Andrew Lake to Carry Out Firm’s Expansion, New Asset Strategy, Services and More in Central Texas

Feb. 19, 2020 – SAN ANTONIO – Rockspring, a Houston-based, multi-disciplined real estate firm targeting markets within the Texas Triangle (San Antonio, Austin and Houston), today announced its San Antonio expansion with the opening of a new office in the city’s northwest Colonnade Centre. As a part of the firm’s new growth strategy, which includes expanded target assets, lines of business, rebranding, and more, the expansion will provide a greater depth of service and personnel to Rockspring’s operations in Central Texas.

The expansion is led by 41-year commercial real estate veteran David Orr, Regional Director – Central Texas, who’s been overseeing the firm’s real estate activities and growth since joining in 2015 and brings a vast array of experience in commercial brokerage, development and finance. He is accompanied by Andrew Lake, who joined the firm in 2019 as Operations Director – Central Texas and has a unique background of startup operations management, urban product selection and product development. Orr and Lake will not only spearhead the growth in the Alamo City, but will also drive the development of the firm in Austin as well in the coming months.

“As we enter a new era for Rockspring, our development in the dynamic Central Texas region is key to our success,” said Michael Ross, Rockspring’s President and Chief Strategy Officer. “David and Andrew have done a tremendous job growing our presence in San Antonio, which will propel us to add more talent and increase investment opportunities in residential, retail and commercial properties in the region. Their experience, skillset and network will play an integral part in elevating Rockspring to be the premier real estate investment firm of Texas.”

Formally Rockspring Capital, Rockspring has shifted focus from its traditional investments in suburban raw land (in the Houston, Austin and San Antonio MSAs) to assets in more urban areas targeting residential, retail and industrial developments with a higher price tag. This approach, which will be executed in Central Texas by Orr and Lake, helps to identify investments with faster exit strategies as well as further diversifies Rockspring’s portfolio, a growing importance to the Company’s investor base.

“I’ve been very fortunate to be a part of Rockspring’s success over the past few years and I’m extremely excited to help grow our presence and investment model in this market,” said Orr. “We are very bullish on Central Texas and I’m confident that the expansion of our services and personnel will strengthen our ability to provide a successful platform for our clients and investors for many years to come.”

The firm also launched a new vertical development platform. The Company historically has bought assets, added value horizontally and sold to end users, but now intends to extend the development cycle vertically, adding further value to its portfolio as well as opportunities to generate income producing assets.

Rockspring’s investment roots go back 40 years with more than 15 funds and $350M under management. The Company has achieved tremendous growth adding five employees in the past five years and will announce the opening of its Austin office later this year.

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About Rockspring

Rockspring is a Houston-based, multidiscipline real estate firm with a history of investing since 1993. The Company’s expertise in the Texas Triangle (Houston, San Antonio and Austin) provides investors with local expertise in the $1.3 Trillion economy in Texas across various asset classes, including, residential, retail and industrial development. The Rockspring team’s diversification in geography, deal size, asset class and leverage affords its investor base a wide array of investments to fit their strategy.

Posted by: In: Rockspring News 05 Feb 2020 0 comments

Ross to lead significant changes at Rockspring, including the firm’s rebrand, evolution in real estate investment strategy, launch of new development service and more

Feb. 5, 2020 – HOUSTON – Rockspring, a Houston-based, multi-disciplined real estate firm targeting markets within the Texas Triangle (namely, Austin, Houston and San Antonio), today announced its new President and Chief Strategy Officer Michael Ross and its new name, Rockspring (formally Rockspring Capital), as well as the launch of additional lines of business.

Ross’ new role includes overseeing day-to-day operations as well as the execution of the firm’s new strategies. He joined Rockspring in 2006 as Vice President of Asset Management & Entitlements where he oversaw pre-acquisition due diligence and post-closing entitlement activities for their funds. The founder and CEO of the firm, Jim McAlister IV, who has ran the company for 10 years will continue to oversee the business while deepening the firm’s fundraising and real estate activities.

“We’re beyond excited to enter into this new journey with my friend Michael leading the charge,” said McAlister. “Having worked for us for more than 13 years, Michael knows the business inside and out, has brought to the table many new ideas to grow the firm and has the management and leadership skills to execute them all with great success. I couldn’t be prouder of Michael and our growing teams across all offices as this new and historic chapter for Rockspring will elevate us to be one of the premier real estate firms in Texas.”

Rockspring has shifted focus from its traditional investments in suburban raw land (in the Houston, Austin and San Antonio MSAs) to assets in more urban areas targeting residential, retail and industrial developments with a higher price tag. This approach helps to identify investments with faster exit strategies as well as further diversifies its portfolio, which are benefits that have grown in importance to the Company’s investor base.

“I’m honored to have been given this opportunity to help lead the firm, by setting and implementing these new strategies,” said Ross. “I am confident that we’ll have extraordinary success in rolling out our new lines of business and growing the firm as the staff that Jim has assembled these past few years are the most talented real estate and investment teams with which I have worked. We’re just getting started and look forward to working with new investors, developers, property owners and services companies within the major markets of Texas.”

Rockspring is also launching a new vertical development platform. The Company historically has bought assets, added value horizontally and sold to end users, but now intends to extend the development cycle vertically, adding further value to its portfolio as well as opportunities to generate income producing assets. The firm has already put into action its development capabilities with its first retail property in Liberty Hill, Texas (a submarket of Austin), which will break ground in the next few months.

In addition, the firm’s partner brokerage firm McAlister Real Estate, also owned by McAlister, is rebranding under the Rockspring name as it looks to maximize the brand recognition the firm has built statewide and to grow its brokerage services across a broad array of real estate asset classes.

Rockspring’s investment roots go back 28 years with more than 15 funds and $350M under management. The Company has achieved tremendous growth adding several employees in the past five years and is gearing up to open its San Antonio and Austin offices later this year.

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About Rockspring

Rockspring is a Houston-based, multi-discipline real estate firm with a history of investing since 1993. The Company’s expertise in the Texas Triangle (Houston, San Antonio and Austin) provides investors with local expertise in the $1.3 Trillion economy in Texas across various asset classes, including, residential, retail and industrial development. The Rockspring team’s diversification in geography, deal size, asset class and leverage affords its investor base a wide array of investments to fit their strategy.

Posted by: In: Rockspring News 21 Jan 2020 0 comments

Say hello to Rockspring’s newest team member, Blake Joyner. Blake joins the team as Project Coordinator following an impressive internship with Rockspring in 2019. Learn more about Blake, his new role and what he is hoping for in his career at Rockspring in this Q&A.

How have you enjoyed your time with Rockspring so far?

I have really enjoyed my time at Rockspring as the company culture is second to none. In addition to being great mentors, our leadership and management teams are incredibly intelligent, motivated and driven toward a common goal.

What originally attracted you to the firm?

When searching for employment options that had institutional focuses, I was attracted to Rockspring because of its smaller size, great track record and impressive deals under its belt. The firm allowed me to see the full spectrum of operations firsthand and I was lucky enough to touch most parts of the business. Plus, the relationships I have built with the team are incredible and I know I can lean on them for market insights and guidance to advance myself professionally. I’ve gotten to see the full picture at Rockspring.

Tell me about your role at Rockspring and what you think your biggest contribution(s) will be?

My role as Project Coordinator consists of supporting the land acquisition and development teams. Though due diligence is my main responsibility, I will also help put together financial models, review and interpret market data, title reports, surveys and contracts. On the development side, I’ll coordinate development activities with engineers and architects to ensure our products are of the best quality.

Tell us about your background.

I received my undergraduate degree from Texas A&M in May 2018 as well as my Masters in Land and Property Development in December 2019, where I learned the detailed process of horizontal and vertical land development and advanced real estate finance. I interned with Rockspring in the summer and fall of 2019, commuting to College Station for class from Houston, until I graduated and was hired full time. It’s been quite the journey and I am thankful to Rockspring for giving me the opportunity to launch my real estate career.

What are you most looking forward to in 2020?

I’m excited for the future as we have a team of incredibly talented people. I’m eager to work on new projects and ventures, help grow our operating platform and further broaden our real estate arsenal.

Industry Insights

Posted by: In: Industry Insights 17 Jan 2018 0 comments

According to a Houston Chronicle article and the end-of-year figures from the Houston Association of Realtors, 79,117 single-family homes representing $23 billion were sold in 2017. This beats 2016’s previous year’s sales record by 3.5 percent. A major attribution to the record year includes investors swooping in to buy and flip flooded homes as well as people beginning to look in alternate sub-markets throughout the Houston area. Does Texas’s resilience know no bounds?

To read the full Houston Chronicle story, click here.

Posted by: In: Industry Insights 11 Jan 2018 0 comments

The Federal Reserve Bank of Dallas forecasts that due to rebounding energy and manufacturing sectors, Texas could be in for an influx of jobs in the hundreds of thousands in 2018. The Houston Chronicle reported that based on this forecast and in Houston in particular, the city could see a gain of 75,000 jobs if crude oil stays around $60 a barrel.

To read the full Houston Chronicle story, click here.

Posted by: In: Industry Insights 31 Oct 2017 0 comments

The Dallas Morning News recently reported on a power rankings survey on the hottest home markets in the U.S. in 2017. Out of 50 cities, San Antonio, Fort Worth and Dallas took the top three spots on the rankings, respectively. Austin was number 10. The Texas cities were ranked high based on not only double-digit home price gains, but the fact that they remain very affordable areas to buy homes.

To view the Dallas Morning News story, click here.

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

Central Texas – Austin and Round Rock – saw the best summer selling season it has ever experienced, according to the Austin Board of Realtors August 2017 home sales report.

To view the CultureMap Austin article, click here.

Posted by: In: Industry Insights 28 Sep 2017 0 comments

The San Antonio Express-News recently posted a feature article that takes a deep dive into what has made the “Texas Triangle” – Austin, Houston, San Antonio and Dallas – the cornerstone of economic success in the U.S. With a job-growth rate three times that of New York City and five times that of Los Angeles, a hurricane and an oil slump can’t slow Texas.

To view the San Antonio Express-News article, click here.