Brant Landry

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DALLAS—ReserveCapital Partners is a recently launched Dallas-based commercialreal estate investment firm which was also instrumental in thelaunch of E. Smith Realty, now ESRP,four years ago. The firm has properties pending in Dallas.

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In this exclusive, partner Brant Landryrecently discussed the vision for the year, the firm's funding andvarious market trends apparent in DFW.

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GlobeSt.com: What is your vision for 2018?

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Landry: Our vision is to acquire an additional$200 to $250 million in assets in 2018, either through office orindustrial asset classes.

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GlobeSt.com: Please explain the Reserve Capital Fund1.

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Landry: Reserve Capital Partners Fund 1 is afully subscribed real estate private equity fund based out ofDallas. Fund 1 will have a total portfolio size of approximately$300 million in total assets once the fund is fully deployed.Reserve Capital Partners Fund 1 was co-founded by myself, ClintRiley and Greg Seitz. The three of us have a minimum of 20 years ofreal estate experience each and combined experience of 75 years ofreal estate experience.

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GlobeSt.com: What other projects is Reserve CapitalPartners working on?

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Landry: We have quite a few projects in theworks right now that will be enormous assets to Reserve CapitalPartners. We just issued an $87 million offer on another officeasset. We also plan on closing on Danari Office Park at thenortheast corner of Preston and Beltline this month.

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GlobeSt.com: What market trends do you see for2018?

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Landry: 2018 will be an exciting year for thereal estate market. I see continued job growth, rent growth and newdevelopment, but also sticker shock for companies that have leasesexpiring. We believe there will be a flight to value in somecases.

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GlobeSt.com: How can a company evolve and growthroughout various trends?

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Landry: A company can evolve and growthroughout trends by focusing on fundamentally sound real estate.Do not try to time the market or overpay just for the sake ofacquiring assets.

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GlobeSt.com: How do you anticipate these trendsaffecting business?

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Landry: Profits are up and companies areinvesting heavily in their facilities. Higher rents and class-Aproperties are not impacting companies absorbing that type ofspace. However, more conservative companies will be watching thecorrection in the economy closely and create a more defensiveposition as it relates to occupying real estate. Class B-plus orA-minus assets will be the only asset classes that will offer rentstructures that will resemble what companies experienced 7 to 10years ago. I believe that some companies will move to a class-Bproperty to protect bottom-line earnings.

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GlobeSt.com: Are there any trends you see from 2017continuing into 2018?

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Landry: I think we will see more of thesame–job growth, strong demand, delivery of supply and some rentgrowth. I think with rising interest rates, development will slowdown.

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Lisa Brown

Lisa Brown is an editor for the south and west regions of GlobeSt.com. She has 25-plus years of real estate experience, with a regional PR role at Grubb & Ellis and a national communications position at MMI. Brown also spent 10 years as executive director at NAIOP San Francisco Bay Area chapter, where she led the organization to achieving its first national award honors and recognition on Capitol Hill. She has written extensively on commercial real estate topics and edited numerous pieces on the subject.