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