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News & Insights

Rockspring News

Posted by: In: Rockspring News 02 Sep 2016 0 comments

GlobeSt.com editor Lisa Brown recently published an exclusive Q&A with Rockspring Capital Managing Director Jim Hynes on global investors now looking beyond traditional real estate (focusing more on residential and land) for opportunistic returns. “The residential and land sectors are well positioned for outsized returns as there’s limited supply and growing demand in most markets,” said Hynes.

 

To read the GlobeSt.com article featuring Jim Hynes, click here.

Posted by: In: Newsletter, Rockspring News 23 Aug 2016 0 comments

We meet with numerous financial partners around North America. Often, we are asked about the folks back in our corporate office that our partners interact with daily. To help put faces to the names and learn more about them, we’d like to begin spotlighting the employees that help our firm run smoothly every day, starting with our company’s Financial Administrator, Darla Purchase.

Darla joined Rockspring Capital in 2007 to manage the accounting functions for all Land Funds, including the related partnerships and joint ventures associated with the U.S. and Canadian Land Funds. Prior to Rockspring, Darla served 25 years as a Financial/Business Administrator in the finance and agriculture industries. Darla studied business at Texas Wesleyan University. Read more…

Posted by: In: Newsletter, Rockspring News 23 Aug 2016 0 comments

On a recent trip to China, I met with a number of wealth managers, investment funds and other finance professionals to confirm that the Chinese still had a strong desire to invest in U.S. real estate. The main takeaway of my trip was that not only did they still have a ferocious appetite, but that future investment was going to be driven by the booming middle class.

The economy of China is important for a number of reasons. It’s the second largest in the world, and when based on purchasing power parity, China’s GDP is actually the largest, followed by the U.S., India and Japan. Consequently, China’s economy has a huge effect on the rest of the world, touching everything from commodities demand to consumer consumption. Read more…

Posted by: In: Newsletter, Rockspring News 23 Aug 2016 0 comments

In April, we partially exited a land parcel in Northwest San Antonio to CST Brands Inc, which plans to build a Corner Store on the tract.

Some of the highlights include:

  • Total 10.58 acres acquired in May 2015 for $1,300,000.
  • Partial exit of 4.71 acres was sold in April 2016 for $1,400,000.  Yes, less than 1/2 of the property sold for more than the total acquisition price in less than one year.
  • Approximately $840,000 of sale proceeds were set aside in an escrow to make infrastructure improvements on remaining 2 pad sites, which will further increase value/prepare sites for sale.

Read more…

Posted by: In: Newsletter, Rockspring News 23 Aug 2016 0 comments

As a native Texan, I thought it was time to join the conversation on the “reported” energy crash and its impact on Houston and Texas, so I authored a follow-up article to my Forbes piece last year. With many headlines suggesting gloom and doom, the “Texas Model” continued to propel our state with positive job growth, best-in nation housing numbers and a deeper roster of blue-chip companies. Read more…

Industry Insights

Posted by: In: Industry Insights 20 May 2016 0 comments

Texas’ major metros are not only seeing explosive population growth, but income is increasing at a strong rate as well. This is driving commercial, land and retail real estate investors far and wide to get in on the boom happening in Texas. Globe St. recently interviewed the Chief Financial Officer of InvenTrust, where he gives his two cents on what the future holds.

To view the Globe St. article click here.

Posted by: In: Industry Insights 03 May 2016 0 comments

A new report from HomeVestors and Local Market Monitor identified the Dallas-Plano-Irving region and San Antonio as the top two markets for real estate investors for the first quarter of 2016. Posted by the MReport, the major metric used to determine the ranking of these cities was the increases in job opportunities in the past year.

To view the MReport story, click here.

Posted by: In: Industry Insights 06 Apr 2016 0 comments

They’re coming from everywhere. If it isn’t’ the business friendly regulations, the strong housing market or massive job opportunities, it is all three bringing more and more people and businesses to Texas. Eight of the top 20 counties in the U.S. with the highest population growth last year belong to Texas. Although the oil downturn has had its lick, the economical diversity of the Lone Star State is way more than oil.

To view the Bloomberg News story, click here.

Posted by: In: Industry Insights 05 Apr 2016 0 comments

New U.S. Census Bureau data revealed that Houston has added more people than any other region in the country in the past year. Between Houston, the Woodlands and Sugar Land, the region added roughly 160,000 people. Furthermore, the Texas Triangle (Austin, Dallas, Houston and San Antonio) added over 400,000 people in this same time frame, more than any state in the nation. The robust job selection and cheaper cost of living are attributed to this growth.

To view the Houston Chronicle story, click here.

Posted by: In: Industry Insights 31 Mar 2016 0 comments

Officials at the Port of Houston Authority say they have been seeing record traffic thanks to the chemicals industry, another way the diverse Texas economy is handling the oil downturn. Billions of dollars have been invested into new petrochem plants that are focused on processing polyethylene from natural gas. This has created a surge in job growth, with even more plants and projects scheduled to continue through 2017.

To view the Oil and Gas Investor story, click here.