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.