Brady Scott, formerly of the Woodlands Operating Co. LLC in Houston, will be responsible for managing investment, finance and ongoing debt and equity capital efforts. Scott tells GlobeSt.com that in essence his strategy will expedite funding and speed projects. It's being played out as a trade secret as to how he intends to woo investors, but he promises to lob a hard drive. "There's no one player in the capital markets that's going to dominate our activity," says Scott.
The new position was created specifically to deal with the constant changes evolving from the capital marketplace. "The players change week to week," says Scott. "Their appetites change week to week. We will be looking at the entire spectrum and pursue our future possibilities."
Scott emphasizes the play is not to transform Champion into a large-scale developer. The company's strength, he says, lies in tackling select projects on a relatively limited basis each year. Right now, Champion is hard at work on the 600,000-sf Tradepoint Distribution Center in Coppell and the 165,907-sf Westway One at the intersection of Interstate 635 and Olympus Boulevard, both in the Dallas metro area.
Scott's focus will be to advance principal-related investments and developments for spec office and industrial undertakings. He had been the senior financial analyst for the 27,000-acre Woodlands, a joint venture of Ft. Worth-based Crescent Real Estate Equities Co. and New York City-based Morgan Stanley Real Estate Funds. He also was an investment manager for the Amstar Group in Denver.
© Touchpoint Markets, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more inforrmation visit Asset & Logo Licensing.