DALLAS (Oct. 18, 2023) – CapRock Partners, a leading Western and Central U.S. industrial real estate investor, developer and asset manager, welcomes Taylor Starnes as Vice President of Acquisitions for the Central Region. He will lead CapRock’s acquisition efforts in Texas with a focus on existing value-add industrial asset acquisitions and ground-up industrial development opportunities. 

“As we begin our strategic portfolio expansion in the Texas industrial real estate market, we wanted an acquisition leader with deep local knowledge of the Texas markets, and Taylor is a talented professional who adds great value to our Texas-based team,” said Jon Pharris, President of CapRock Partners. “Taylor’s experience and integrity align with our values, and we are grateful to have him as we build our portfolio in Texas and the Central U.S.”

In his new role, Starnes will oversee all Texas acquisitions and will be building out an acquisition team that covers all major industrial markets in the state.

“CapRock is a premier institutional investor and developer that is well known in the Western U.S. but is new to the Texas market. Despite the macro-economic climate, demand for industrial warehouse space remains strong in Texas’ key logistics markets and I look forward to bringing my skills, relationships and considerable knowledge to help grow the CapRock portfolio in Texas,” Starnes said.

Prior to CapRock, Starnes was a director and investment sales broker for the Southwestern region at Cushman & Wakefield, where he represented institutional and private clients in the disposition and capitalization of industrial properties and portfolios. During his nearly eight years at Cushman & Wakefield, Taylor transacted more than $5 billion of industrial investment sales as well as facilitated joint-venture equity placements representing more than 65 million square feet across Texas and the U.S.

“The trending market environment and current reset of asset and land values creates an exceptional opportunity for CapRock to expand across the Central Region,” Starnes said. “CapRock is well capitalized across various funds and its outstanding industry reputation is built on its great people and a culture of integrity, leadership and excellence.”

CapRock’s existing portfolio includes more than 17 million square feet of best-in-class industrial real estate assets in the Western and Central U.S. In Texas, Starnes is targeting value-add industrial assets and land for industrial development in Dallas-Fort Worth, Houston, Austin, San Antonio, El Paso and Laredo submarkets.