Los Angeles-based real estate investment firm The BLVD Group has opened its new office in Dallas, marking a significant milestone in the firm’s continued growth and expansion.
The move further solidifies its presence in a strategic growth market where it will actively pursue investments in market rate, middle-income, and affordable multifamily assets, the company said.
The Dallas office will be led by Jake Walker, who has been named a new managing principal of the firm, joining Rob Budman and Patrick Luke.
“We’re excited to be expanding our reach and presence in Texas. It has long been a target for growth and more broadly serves as a strategic geographic hub for our nationwide portfolio,” Rob Budman, founder and managing principal, said in a statement. “Due to our discipline and investment performance, we are in the unique situation of expanding while many in our industry are contracting or slowing down. We are fortunate to have Jake on board to help lead the next phase of BLVD’s growth.”
Pursuing growth in the Texas market
Walker brings a 16-year record of success in real estate investment and extensive experience building and scaling alternative investment platforms, the firm said. Before BLVD, he served as head of acquisitions for several investment firms and most recently was chief operating officer of a private equity firm focused on investments in healthcare, real estate, and technology. During that period, he has closed over $1.2 billion in investments across multiple asset classes.
The opening marks a reunion of sorts for BLVD’s three managing principals. They have known each other for 15 years and last teamed up working for another Los Angeles-based investment firm before then-partner and director of acquisitions Rob Budman left to start BLVD in 2010.
“Our alignment on investments, culture, and people enables us to channel all our efforts towards growth and execution. As part of our commitment to grow our portfolio and the Texas office, we are pursuing several immediate hires, including a senior member who will join BLVD’s leadership team,” Walker said in a statement.
The BLVD Group has investment expertise in market rate, middle income, and affordable multifamily assets. The new Dallas office will provide the firm with a strong local presence and access to a deep talent pool, allowing it to continue to pursue current growth plans and drive value for investors, it said.
Get on the list.
Dallas Innovates, every day.
Sign up to keep your eye on what’s new and next in Dallas-Fort Worth, every day.