San Antonio, TX – Escalera Capital, the newly restructured evolution of MLSA Ventures, is an investment company with a unique, vertically integrated ecosystem from three operating subsidiaries: Presidian Hospitality, Source Strategies and Mulberry Realty Partners. With the successful raise and ongoing deployment of Fund 1 as a proof of concept and preparations underway for the launch of Fund 2, Escalera Capital is doubling down on its mission to deliver extraordinary outcomes to investors and communities. “Our transformation into Escalera Capital represents the next chapter of growth,” said Bobby Magee, Managing Partner. “We know this integrated model is not just about efficiency—it’s about creating a seamless pipeline of opportunities that we can scale with each fund.” Vertically Integrated to Maximize Value Creation Escalera Capital’s unique structure sets it apart in the private equity landscape. By uniting its operating companies under a shared vision, the firm benefits from synergy across capital formation, acquisition, development and management. The firm’s data-driven approach, coupled with its extensive acquisitions and operational, ensures that each fund builds on the success of the last, creating a cycle of growth that benefits investors, partners, and communities alike. This integrated approach positions Escalera Capital to adapt swiftly to market opportunities. “The creation of Escalera Capital marks a significant milestone and a natural progression,” said Charles Leddy, Managing Partner. “Bobby and I were originally investment bankers, so we are naturally looking at the real estate industry with innovative investment and execution strategies in mind. With our experienced leadership team, dedicated associates, innovative investment approaches and purpose-driven mindset, the future is bright for Escalera Capital.” 

With more than 800 employees and $400 million in assets under management, Escalera Capital’s organizational structure integrates four main subsidiaries: 

Presidian Hospitality is known for its award-winning hotels across Texas andColorado, as well as its unique hands-on, purpose-driven approach to develop,acquire and operate experiential hotel properties.

50 years ago, Source Strategies began as a small pen-and-paper research provider.Today, it is a digital and dynamic powerhouse in Texas, holding roughly a 50% marketshare for hotel feasibility studies in the state. Recently, it launched its first digitalproduct, offering valuable real-time data to hospitality industry stakeholders.

Mulberry Realty Partners is an asset class-agnostic commercial propertymanagement company that vertically integrates across industrial, retail, and otherasset classes. Through Mulberry Realty Partners, Escalera Capital can maintainoperational control, drive efficiencies and enhance value creation across a diverseportfolio of properties.

Formerly known as Presidian Cares, the Escalera Foundation is a nonprofitorganization focused on serving both Escalera Capital associates and the broaderSan Antonio community through health equity and early adult education. EscaleraFoundation is a driving force behind Hope Lodge San Antonio, which will providehousing and resources to cancer patients and their caregiver who come to SanAntonio for treatment in the San Antonio Medical Center.

Escalera Capital has more than a 25% internal rate of return on its diverse investment strategies executed over the past several years. Examples of recent and ongoing projects with transformational outcomes include: 

• The Assembly Hall at La Villita: sits at the heart of San Antonio’s past, present andfuture. Designed by the legendary O’Neil Ford, La Villita Assembly Hall is renownedfor its architectural ingenuity, featuring an inverted dome roof and “bicycle-wheel”design—Texas’s first of its kind. In mid-2025, Escalera Capital will begin thoughtfulrenovations on the 44,993-square-foot, bilevel venue to create a new experientialdestination on the San Antonio River Walk that will also serve as a welcoming drawinto La Villita Historic Village and Hemisfair Civic Park.
• Estancia del Norte at the San Antonio Airport was once a prominent San Antoniohotel, the La Mansion Del Norte, that lost much of its former charm through brandchanges and a build-up of deferred maintenance. Estancia del Norte is now

• and a beloved local event venue in the heart of the airport market. 
• The Springs Resort and Spa: is a geological marvel known for its hot springs on theSan Juan River in Pagosa Springs, Colorado. The resort is now recognized annuallyas the top geothermal wellness resort in the United States.

Salt Lick at The Sycamore: the first phase of a 121-acre project at Highway 290 andLuckenbach in the Texas Wine Country will break ground in early 2025. Thisexperiential retail development will establish a new destination in the Texas HillCountry, where visitors experience Texas through great food, beverage, music andauthentically Texas retailers.

“We are excited to move into this next horizon of growth as Escalera Capital,” said Leddy. “I am incredibly thankful for the hard work that our team has put in to reach this milestone. I am confident that we have many more impactful projects ahead of us that will benefit our San Antonio and Central Texas communities for generations to come.” About Escalera Capital Escalera Capital is a Texas-based private equity firm dedicated to Innovation, Integration, and Impact. With over 800 employees and $400 million in assets under management, the firm operates as a vertically integrated investment platform, combining operational expertise with fund innovation to deliver exceptional value. Through its subsidiaries—Presidian Hospitality, Source Strategies, 

Dallas, TX – Trammell Crow Company (TCC), a global real estate developer, is pleased to announce the following promotions, effective January 1, 2025:

Managing Director

Matt Hill (TCC Capital Markets) has been promoted to Managing Director. He joined the firm’s portfolio management team in 2006 and was promoted to Principal in 2007. As Managing Director, Matt will continue to lead the firm’s U.S. debt business, which he has done for the last 12 years. He has negotiated billions in construction loans and has grown the company’s loan commitments from approximately $2.9 billion in 2017 to around $7 billion today.

Jake Marks (TCC Dallas-Fort Worth) has been promoted to Managing Director. Jake joined TCC 24 years ago and is responsible for the origination, financing, joint venture structuring, and execution of its industrial investments throughout North Texas. Under his direct leadership, TCC’s Dallas-Fort Worth industrial team has generated approximately $159 million of revenue for TCC over the past five years. Jake has also enabled the team to complete 25 buildings totaling approximately 13.5 million square feet in the last 10 years, with another 5.6 million sq. ft. in process.

Principal

Kevin Hickman (TCC Dallas-Fort Worth) has been promoted to Principal. Kevin joined TCC as a Senior Vice President in 2022 with more than 15 years of industry experience. He plays a critical role in leading and growing High Street Residential’s (HSR), TCC’s residential subsidiary, development business throughout North Texas. Over the last three years, Kevin’s strong relationships with new and existing capital partners have assisted the HSR team in securing three prime development sites across the Metroplex. Under his leadership, the team has increased its local pipeline to over 6,000 residential units and is poised to start construction of more than 2,000 residential units over the next 12 months.

Austin, TX. – Colliers is pleased to announce that Wes Babb has joined the Austin office as Senior Vice President. With over 25 years of experience in commercial real estate, Babb brings deep expertise in retail development, investment brokerage, and tenant and landlord representation.

“We are thrilled to welcome Wes to Colliers,” said Daniel Taylor, Executive Managing Director at Colliers. “His extensive experience in the acquisition and development of land for retail projects and mixed-use developments, strong client relationships, and exceptional track record will be invaluable as we continue to grow our presence in Central Texas.”

Before joining Colliers, Babb was Senior Vice President at SRS Real Estate Partners, specializing in commercial land sales, retail property development, leasing of shopping centers and mixed-use projects, and representation of tenants in their site selection and lease space needs. Earlier in his career, Babb held leadership roles with Weitzman and Lincoln Property Company, managing retail divisions across the Austin and San Antonio regions. These roles solidified his reputation as an innovator and leader in the retail real estate sector.

Throughout his career, Babb has managed over 4 million square feet of transactions valued in excess of $600 million, including hundreds of lease transactions, purchase and sale transactions, and 50-plus pad site acquisitions for development in Austin and San Antonio. Notable projects in Central Texas include Shops at the Galleria, Frontier Crossing, Red Oak Village, and the Northcross Mall redevelopment.

“I’m excited to join Colliers and utilize their brand and platforms to advance my career in the commercial real estate industry,” said Babb. “It’s a great privilege to put a Colliers stamp in the retail sector and be part of one of the three largest global firms in commercial real estate.”

Justin Gamble is Vice President, SBA Banker in Commercial Banking at Texas Capital. He is responsible for helping small businesses in Austin and San Antonio reach their financial goals through the SBA Lending program. He carries out front-end analysis and underwriting to determine eligibility for SBA and determines economic feasibility for the project. Justin joined Texas Capital in December 2024, bringing with him experience in relationship management and commercial banking.

Tangram Interiors, one of the leading commercial interior solutions providers in the United States, proudly announces the appointment of Nick Meter as its new President.

With a career spanning nearly two decades at Tangram, Meter steps into the role as the second President in the company’s history, bringing an extensive background in sales, operational leadership, and people management to lead the company’s next chapter.

Over the next two years, he envisions purposeful organizational restructuring, strategic hiring, and the implementation of innovative work methods that will position Tangram at the forefront of industry change. Meter seeks to focus on addressing industry challenges, enhancing creative talent acquisition, and adapting to new workplace demands.

“It is rare to see someone start a job right out of college and rise to the role of President 19 years later. It speaks to Nick’s dedication, unwavering commitment, and vision for the future,” said Tangram CEO Joe Lozowski.”

Brian Luney has been promoted to Field Director at Rogers-O’Brien Construction. In this new role, Brian oversees field operations for RO projects in the Dallas-Fort Worth area.

With over 30 years of construction experience and 18 years with RO, Brian brings both dedication and vision to each project he oversees. Known for his collaborative spirit and passion for building a better Texas, Brian consistently ensures excellence on RO projects. Congratulations, Brian!