54.9 F
Fort Worth
Saturday, October 24, 2020
Real Estate Fort Capital adds VP for industrial acquisitions

Fort Capital adds VP for industrial acquisitions

Other News

Alamo Drafthouse names new CEO as it prepares to re-open

Lights! Action! Executive Change! Austin-based Alamo Drafthouse Cinema announced April 30 that former Starbucks executive Shelli Taylor will assume...

Exxon’s oil slick

Exxon Mobil is slashing its capital spending budget for 2020 by 30% due to weak demand caused by the COVID-19 pandemic and a market...

Folk music’s Mark Twain: 7 Essential tracks from John Prine,

NEW YORK (AP) — Some people, the songs just come out of them. For nearly half a century, they tumbled out of John Prine...

Tarrant County records another COVID-19 death

Tarrant County Public Health (TCPH) on Wednesday, April 8 reported that a resident of Euless has died as the result of the COVID-19 virus....

Fort Worth-based real estate investment firm Fort Capital has expanded its team by hiring Steve Wolff as Vice President of Industrial Acquisitions.

Wolff will focus on driving the growth of Fort Capital through the acquisition of warehouse/distribution, light manufacturing and flex industrial assets in the target markets of Dallas, Fort Worth, Houston, San Antonio, El Paso and the greater Austin area.

“We are thrilled to have Steve join our team. His experience and network across the industry was exactly what we were looking for, but most importantly, we think he is a cultural fit that will be critical in helping us achieve our goal of $1B in AUM by EOY 2024,” said Chris Powers, Founder and CEO at Fort Capital.

Wolff brings 15 years of combined experience in commercial brokerage and principal investing, first starting his career in office and industrial investment sales at the Staubach Company, which was purchased by JLL in 2008, Fort Capital said in an announcement.

In 2010, Wolff joined NAI Global Investment Service Group where he assisted in the completion of more than $180M in transactions in just over one year.

From there, he joined Pacific Century Holdings in Los Angeles, California, as Chief Acquisitions Officer and Strategic Finance Director. While at Pacific Century Holdings, he led all acquisition efforts for their fund with a portfolio value of $50M.

Most recently, Wolff was the Director of Industrial Acquisitions at Westmount Realty Capital where he focused on markets in Texas, Colorado, Arizona, Nevada and Southern California. Over the course of his career, Wolff has closed transactions totaling over $1.95B and equaling 11.95M square feet. Additionally, he has raised $104M in debt and equity procurement for private equity fund acquisitions.

He is a member of the National Association of Industrial and Office Professionals (NAIOP). Wolff graduated with a Bachelor of Arts in Business from Southern Methodist University.

Fort Capital was established by Powers in 2005. It is a privately-owned real estate investment firm with more than $250 million in assets under management throughout Texas.


– FWBP Staff

Latest News

Real Estate: Office still a question mark as industrial remains strong in 3Q

The Dallas-Fort Worth area is a leading area around the country in terms of office occupancy, but there remain plenty of employees...

Texas housing market rebounds in September along with U.S.

Texas’ housing market rebounded in September as homebuyers rushed to take advantage of historically low mortgage rates. Existing homes sold through Texas...

Building in a time of uncertainty

On Thursday, Oct. 29, at exactly 4 p.m. First United Methodist Church of Fort Worth leaders and ministry representatives will pull together...

Phase II of Arlington Commons tops out

KWA Construction has topped out on Phase II of Arlington Commons, one of the largest redevelopment projects in North Texas. Developed by...

Home furnishings retailer Living Spaces opening Fort Worth location

Leading home furnishings retailer, Living Spaces, is opening a brand new showroom in Fort Worth. Located in the AllianceTexas area at 8640 Tehama Ridge Parkway, the...