DALLAS—Investors are looking to Texas as one of the fastest growing real estate hubs in the country. Specific metros such as Dallas, which is a top ranked housing market for investments, Austin, ranked as the fastest growing US city in 2016, Houston, which ranks as the fastest growing US metropolitan area and San Antonio, where the rate of house flipping was up more than 25% in 2016 from 2015, indicate the strength of the Texas real estate market.
The Census Bureau reported that four Texas metro areas collectively added more than 400,000 people in the last year, reinforcing the fact that Texas is a thriving market for real estate investing. Further reinforcing the growth front, reports forecast that Dallas prices will increase 31% in the next three years, GlobeSt.com learns.
With these trends in mind and the notion that investments occur in growth areas, this week, Noble Capital launched a $250 million Texas real estate fund, one of the largest of its kind. The fund is in partnership with San Francisco-based private investment bank, US Capital Partners, through the firm's private securities division, US Capital Global Securities. US Capital Investment Management, an affiliate of US Capital, will serve as the general partner of the US Capital/Noble Capital Texas Real Estate Income Fund LP or Signature Fund, leveraging Noble Capital's existing platform of integrated Texas real estate companies to originate, structure and service the fund's investments.
“US Capital has proven expertise in the fund management space and we are delighted to be partnering with them on this unique initiative,” said Chris Ragland, chief operating officer, Noble Capital. “This fund launch represents the next phase in our company's growth and transformation. We realize that timeliness is a critical component in the real estate sector and this fund will enable us to deploy capital more quickly and efficiently to the benefit of our clients.”
Because the real estate investment market includes investors who may be focused on several different regions or approaches, it becomes difficult for institutional and accredited investors to find the right investment opportunity in the space. In addition to increased capacity for Noble Capital's borrower network, the fund will provide a much greater level of sophistication for individuals and family offices looking to invest in the lucrative Texas real estate market.
The Signature Fund will also transform the way Noble Capital operates by allowing the company to implement significant structural enhancements. The fund not only provides access to increased capital for borrowers, but will also allow for increased efficiency in the borrowing process coupled with greater accuracy and significantly faster closing times.
“Dallas continues to hit the top 10 list of places to live and invest,” Romney Navarro, Noble Capital's chief marketing officer, tells GlobeSt.com. “The fund will create supply for the valuable housing that is being required by these residents seeking high-paying jobs in the area.”
Beyond Texas real estate developers, builders, renovators and flippers, the fund impacts all Texans through economic growth to the state-wide residential expansion. It will focus on major areas such as Dallas/Fort Worth, Austin, Houston and San Antonio. Noble Capital provides borrowers with capital through its subsidiary lending company, Streamline Funding, for real estate assets, including building residential housing.
DALLAS—Investors are looking to Texas as one of the fastest growing real estate hubs in the country. Specific metros such as Dallas, which is a top ranked housing market for investments, Austin, ranked as the fastest growing US city in 2016, Houston, which ranks as the fastest growing US metropolitan area and San Antonio, where the rate of house flipping was up more than 25% in 2016 from 2015, indicate the strength of the Texas real estate market.
The Census Bureau reported that four Texas metro areas collectively added more than 400,000 people in the last year, reinforcing the fact that Texas is a thriving market for real estate investing. Further reinforcing the growth front, reports forecast that Dallas prices will increase 31% in the next three years, GlobeSt.com learns.
With these trends in mind and the notion that investments occur in growth areas, this week, Noble Capital launched a $250 million Texas real estate fund, one of the largest of its kind. The fund is in partnership with San Francisco-based private investment bank, US Capital Partners, through the firm's private securities division, US Capital Global Securities. US Capital Investment Management, an affiliate of US Capital, will serve as the general partner of the US Capital/Noble Capital Texas Real Estate Income Fund LP or Signature Fund, leveraging Noble Capital's existing platform of integrated Texas real estate companies to originate, structure and service the fund's investments.
“US Capital has proven expertise in the fund management space and we are delighted to be partnering with them on this unique initiative,” said Chris Ragland, chief operating officer, Noble Capital. “This fund launch represents the next phase in our company's growth and transformation. We realize that timeliness is a critical component in the real estate sector and this fund will enable us to deploy capital more quickly and efficiently to the benefit of our clients.”
Because the real estate investment market includes investors who may be focused on several different regions or approaches, it becomes difficult for institutional and accredited investors to find the right investment opportunity in the space. In addition to increased capacity for Noble Capital's borrower network, the fund will provide a much greater level of sophistication for individuals and family offices looking to invest in the lucrative Texas real estate market.
The Signature Fund will also transform the way Noble Capital operates by allowing the company to implement significant structural enhancements. The fund not only provides access to increased capital for borrowers, but will also allow for increased efficiency in the borrowing process coupled with greater accuracy and significantly faster closing times.
“Dallas continues to hit the top 10 list of places to live and invest,” Romney Navarro, Noble Capital's chief marketing officer, tells GlobeSt.com. “The fund will create supply for the valuable housing that is being required by these residents seeking high-paying jobs in the area.”
Beyond Texas real estate developers, builders, renovators and flippers, the fund impacts all Texans through economic growth to the state-wide residential expansion. It will focus on major areas such as Dallas/Fort Worth, Austin, Houston and San Antonio. Noble Capital provides borrowers with capital through its subsidiary lending company, Streamline Funding, for real estate assets, including building residential housing.
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