Dallas is a hotbed for REPE. I don't know of any upcoming, or startup REPE but off the top of my head we have:

Phoenix Capital

Trimont

CIII

CBRE global investors

Crow holding Capital

Thackarey

Invesco

and a ton of others.

 

No opinion on culture or growth since I don't work for any of those firms.

Feel free to pm me and I can share what I've learned through networking.

 

TA Realty Nuveen Sealy & Company Clarion Westmount Realty Capital Dalfen Stonelake Capital Partners PGIM MetLife Thackeray Partners Hillwood Hunt Realty Crescent Real Estate Crow Holdings Invesco Banner Oak Capital Partners Colony Harwood International Rockpoint Group

Dallas is ripe with REPE firms. This is a good start, but definitely is not all encompassing. I work for one of the firms above. Feel free to reach out and ask any questions.

 

How often do you guys get east coast kids working in Dallas? I'm currently at school in the Northeast but this summer is reminding me just how much I love the heat and hate winter. I've loved the Texas cities so far, especially Dallas, and am strongly considering going for a masters at UT when I graduate.

 

Many of those shops are not what people think they are. Plus, the amount of nepotism is disgusting. It makes me sick when people ask where I went to high school or reply when I ask which city they grew up in "Highland Park". I know tenant rep brokers making $250k+ per year because daddy is an MD in the business and throws them execution layups - like executing a tenant rep transaction is difficult... I can't wait for the correction to humble some of these brokers who think they add value.

 
InVinoVeritas:
Plus, the amount of nepotism is disgusting.

Hah, that's real estate, my man. Just gotta accept it and enjoy when you beat the rich kids.

Plus it's worth knowing some of them. Not everyone with a rich daddy in real estate is a little shit. It's not worth holding their being born on 3rd against them if they're solid people and genuine in their interest and aptitude in the industry.

Takes all types

Commercial Real Estate Developer
 

Anyone have experience with Cortland's Dallas office? What is working there like?

"There are only two opinions in this world: Mine and the wrong one." -Jeremy Clarkson
 

I live in Dallas and have been here for 5+ years. Dallas has a great entrepreneurial culture but it’s not like coastal markets where you join a large shop and move up the ranks and get carry as you move up. Most of the Private investment shops have a handful of senior people that get carry or equity and don’t give this up easily. For junior people in Dallas, I think your best option is working in IS or capital markets brokerage and then either moving into a production role and make pretty good coin or breaking off and getting into your own deals. Or work at a larger shop on the coast and then relocate to Dallas and do something more entrepreneurial. The most successful people in Dallas are self made...meaning they started their own group.

Just my perception but I could be wrong. Either way, Dallas is a great market and I think it’s a lot easier to build something from the ground up here vs on the coasts. A lot of opportunity but much lower barriers to entry

 

Moved from the east coast to Dallas. Issue is firms in Dallas will not pay they feel since there is a perceived lower cost of living they do not have to pay, 

I work in capital markets and speaking with some shops in Dallas their comp is laughable. Got offered a role from a large office in Dallas and their offer was so low I did not even respond to the offer. It was 1/4 of what I make. 

 

Anyone have any insight to Dallas and Houston development firms?

 

Great list, here is some color on breakdowns by size:

Middle market:

Montgomery street

Banner oak capital

Velocis (ex-brokers but still legit)

Thackeray

Stonelake

Phoenix

H2C

Rsf

Paceline equity

Ex cap

Mega:

Crow

Lone star

Clarion

Invesco

Fortress

Canyon partners (opened new office from LA)

Harburt

Black creek group

Kayne Anderson might have outpost here

6th street, um maybe? (TPG’s credit arm)

 

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