Capstone Expands into Booming Texas Markets
Capstone, a nationwide leader in multifamily investment sales, announced today the opening of two new offices in Austin and Dallas, TX. “Establishing a foothold in Texas represents another milestone in Capstone’s national expansion and exemplifies our commitment to continued growth in challenging market conditions. We’ve had Austin and Dallas in our sights for some time and knew this was the right team at the right time,” said Partner and Director of Business Development, George Chmiel.
The new office in Austin, TX will be led by firm Partner, Sean Holamon, who began his real estate career in 2012 and has closed almost $500M in transaction volume. With a population of over 1 million people and a booming economy, Austin has become one of the fastest-growing cities in the United States. According to the Austin Chamber of Commerce, the city’s job growth rate was 2.7% in 2021, which is expected to continue in the coming years. Capstone’s new office in Austin will be strategically positioned to meet the growing demand for commercial real estate services in this thriving market.
“We are thrilled to be expanding the Capstone brand into the dynamic and rapidly growing market of Austin. With its vibrant culture and growing demand for multi-family, we see tremendous potential for Sean to succeed and grow his team to help even more clients achieve their real estate goals in this exciting city,” said firm Partner, Adam Riddle.
The new office in Dallas, TX will be led by Directors, John Parducci and Chris Carland. Parducci joins Capstone from the Waller Group where he closed 34 transactions in just 3 years. Carland brings over 14 years of sales and management experience, as well as vast experience in all facets of real estate investment. They will be joined by Trevor Hubbard, Director, who most recently worked at Greysteel as an investment associate, and Thomas Bahr III, Investment Sales Advisor, who will play a key role in supporting the team and began his real estate career as an intern with Trinity Real Estate Investment Services.
Dallas is the third-largest city in Texas and home to many large corporations, making it a hub for business and commerce. The city’s economy has grown steadily over the past few years, and the MSA continues to lead the country in sales volume for the past two years. With the addition of Capstone’s new office, the firm will be able to better serve the commercial real estate needs of clients in the Dallas-Fort Worth market.
Capstone’s CEO, Mike Mosher, expressed his excitement about the new offices stating, “We are thrilled to be able to serve existing clients and to forge new partnerships in Texas. We look forward to delivering the high level of multi-family expertise that has become synonymous with the Capstone brand. I have no doubt we will see tremendous success from these teams in the near future.”
With the opening of these new offices, Capstone continues its nationwide growth with a total of 20 offices and more than $12B in sales. The firm’s commitment to partnering with its clients to deliver value and profitability combined with its deep knowledge of the multifamily market, positions it for a bright future in Texas.
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