Dallas-based Stream Realty Partners—which recently closed its fourth and largest fund to date—has named Adam Jackson as its first-ever chief investment officer. He will lead the firm’s investment management team in overseeing four funds totaling over $1.6 billion of equity, Stream said.
The national real estate services, development, and investment firm promoted Jackson from his previous role as executive managing director of investment management.
Jackson joined Stream in 2008 and launched the firm’s investment management platform in 2015, leading its growth to its current billion-dollar-plus equity position. He’s led approximately $4 billion in acquisitions and developments totaling 30 million square feet, the firm said.
In his new role, Jackson will continue to oversee Stream’s investments, including directing its investment strategies, managing its fully discretionary investment funds, and originating new partnerships.
Lee Belland, Stream’s co-founder and co-general partner, said Jackson “has built out a world-class team of investment professionals and integrated that team seamlessly into Stream’s 14 local offices around the country.”
“He has worked tirelessly to create one of the most unique real estate investment platforms that combines deep local market knowledge with capital markets expertise to achieve unparalleled results for our clients, investment partners, and employees,” Belland added in a statement.
Local projects include 5M-plus SF of industrial and The QUAD in Uptown
The QUAD in Uptown Dallas [Rendering: Stream Realty Partners]
Stream currently acquires and develops industrial, mixed-use office, and data center projects in its local office markets across the U.S. The firm says it completes more than $5.8 billion in real estate transactions annually.
Mostly focused on industrial and mixed-use projects, Stream’s Dallas-Fort Worth investments include over five million square feet of industrial development and one mixed-use project, The QUAD (above). The QUAD is a 490,000-square-foot mixed-use development in Uptown Dallas that includes a new office tower, five retail bungalow buildings, and over an acre of green space.
Stream reported raising $532M in May
In May, Stream reported raising more than $532 million from seven investors, according to the Dallas Business Journal, for a private equity fund called SRP Investors Fund Delta, LP. Stream’s prior two funds raised $273 million and $376 million respectively, the DBJ noted.
To help put those funds into play, Stream says it has doubled its headcount over the last two years—hiring talent for dedicated accounting, marketing, asset management, and construction teams, along with an expanded investment committee.
‘Investing into the intersection of tenant and investor demand’
Jackson says Stream has turned its nimble investment approach into something with powerful market impact.
“We take a fundamentals-based approach to our investment strategies by utilizing the market knowledge across our platform, with a targeted focus of investing into the intersection of tenant and investor demand,” Jackson said in the statement. “What started as a realization that we could be a nimble investment manager has grown into a fully integrated investment and operating company poised to capitalize on dislocations in the market.”
Current projects also include $472M transit-oriented showplace at Addison Circle
Rendering of Addison Circle transit-oriented development. [Image: Town of Addison]
One of Stream’s other current projects promises to bring a big boost to Addison. In April, Stream Realty Partners and AMLI Residential were named as master developers for an 18-acre, $472 million transit-oriented project at Addison Circle. The planned high-density lifestyle center has been designed to integrate seamlessly with Addison Circle, which the town says has been recognized as “a pioneering example of new urbanism.”
“We recognize Addison’s importance as a business hub for this region and anticipate extraordinary demand for the office space created as a part of this project,” Brad Dornak, Stream’s director of development, said in April. “As we come out of the pandemic, businesses are re-evaluating their office needs. They’re looking for developments which are rich in amenities. This development fulfills every possible need, including ease of access, great dining, beautiful green space, and more.”
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