35 South Capital closed the deal on the property, 3642 University Blvd., Houston, on May 26, according to a June 7 news release.
Used to make the deal was the investment company’s inaugural fund, The Front Porch Fund, which was launched in order to find real estate projects located in Texas’s four major markets — Houston, Dallas/Fort Worth, Austin, and San Antonio.
35 South Capital, launched in 2021 by real estate industry veterans, will be headed by John Morton, who brings over 20 years of experience and who founded Triple Crown Investment Group, a family office and real estate investment company based in Houston that developed the Southside Commons building located at 4191 Bellaire Blvd, Houston, once the site of Palace Bowling Lanes.
“We’re Texans through and through, and by making the most of our connections and experience, intend to procure best-in-class real estate investments around the state,” Morton said in the news release. “Our collective knowledge in this sector will assist in identifying properties and projects with high ROI for our investors. And our unique set of skills will make for an effective, synergistic business strategy primed for a noticeable impact in the Lone Star State.”
Morton joins three co-founders: Chairman Steve LeBlanc, co-founder and senior adviser of real estate investment company CapRidge; Chief Financial Officer John Anderson, co-founder of boutique private equity firm CJN Investments; and Ryan Haley, chief operating officer.
“We are four, like-minded entrepreneur partners with a long history of collaboration,” LeBlanc said in the news release. “It’s a natural next step for us to come together to build a Texas-focused investment platform buoyed by the tailwinds of the Texas economy. We are looking forward to a bright future working together.”
35 South Capital will initially collaborate with Michael Hsu Office of Architecture to modernize the fully leased building while improving its connectivity to the local community and adding to its strong tenant base. www.35southcapital.com