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Seasoned land developer becomes organization’s 28th Partner
Houston, TX, September 9, 2022 – Partners Capital, the investment and development platform of Partners—the 2nd-largest partner-operated, privately-held and independently-owned commercial real estate firm in Texas—announced that it has hired land expert Dan T. Moody to lead its land investment strategy and launch Partners Land Fund I later this month.
Mr. Moody joins Partners as a Partner—the company’s 28th—and as a Managing Director for Partners Capital.
“We are thrilled to bring Dan on board, and to launch a very exciting new endeavor for Partners Capital,” said Andrew Pappas, President of Partners Capital. “A strong land investment strategy is a critical evolution of our platform, and we are excited to share Partners Land Fund I with our investors. Dan’s extensive expertise and strong track record with land investments will be a fantastic addition to the Partners Capital team as we continue to grow our platform.”
Mr. Moody joins Partners Capital after 11+ years at Parkside Capital, where he served as Vice President. Over its’ lifespan, Parkside Capital has raised $150 million and through selective joint ventures has invested in and managed over $285 million in assets in the Houston MSA. There, Dan was responsible for all facets of the land investment and development process including underwriting, entitlements, development, and acquisitions and dispositions. He acted as project manager on a number of notable developments including University Center, Mason Creek and several commercial developments in Montgomery County. Prior to moving to Houston, Dan held roles as a financial analyst with two firms in New York City – HRO Asset Management and Huron Consulting Group.
Notable prior transactions include University Center, where he acquired 125 acres at the northeast corner of I-10 and Grand Parkway. The property was developed into a mixed-use development with sales made to the University of Houston, NewQuest, H-Mart, and a number of other entertainment, restaurant and retail groups; Magnolia Commercial Reserve, where he acquired 29.25 acres at the northeast corner of FM 1774 and FM 1486 in the rapidly growing city of Magnolia, Texas, and pursued annexation into a residential MUD to allow single-family for rent homes to be developed and delivered full site infrastructure to the site; and Pearland Commercial Development, the purchase of 40 acres out of foreclosure in Pearland just south of an explosion of retail and medical growth. Sales were made to a variety of retail developers, including Costco.
Partners Land Fund I is scheduled to launch in September of 2022 and will be a $50 million equity raise.
For more information, please contact Ash Harley-Majic, Corporate Communications Specialist, at 713.275.9641.
Partners is the 2nd-largest partner-operated, privately-held and independently-owned commercial real estate firm in the state of Texas. Partners was founded and is headquartered in Houston and has offices in San Antonio, Austin and Dallas; employs more than 200 real estate professionals; and arranges more transactions than any of its competitors, completing over 700 commercial lease and sale arrangements every year. Partners is a full-service commercial real estate firm providing client solutions via its services business for Office, Industrial, Retail, Land, Life Sciences, and Multifamily product types across Brokerage Services, which includes Tenant Representation, Investment Sales, and Land Sales; Investor Services, which includes Property Management, Project Leasing, Project Management, and Facilities Management; Valuation Services, which includes Valuation & Advisory, Litigation & Expert Witness Testimony, Property Tax Consulting, and Institutional Fund Valuation; and Project Services, which includes Construction Management and Space Management; and creating value for its investors through its Private Equity line of business, which includes its investment management platform specializing in the acquisition and disposition of office, industrial, and retail multitenant properties via multiple investment funds, and the development of retail, industrial, office, and mixed-use projects. Partners is the top Houston-based full-service commercial real estate firm on the Inc. 5000 list of fastest-growing private companies in America; the 4th-largest Houston-Area Commercial Real Estate Brokerage, #1 Mover of Square Feet among leasing and sales brokerages, and largest partner-operated, privately-held and independently-owned commercial real estate firm in Houston per the Houston Business Journal; the only commercial real estate firm on the Houston Business Journal’s Mid-Market 50 list; a top 3 largest San Antonio Commercial Real Estate Brokerage per the San Antonio Business Journal; and a top 20 Property Management Firm by square feet under management in Houston per the Houston Business Journal. Partners has been named a Best Place to Work by the Houston Chronicle, Houston Business Journal and Austin Business Journal; and is among the University of Houston’s Cougar 100 Fastest-Growing Companies. Visit us on the web at www.partnersrealestate.com