Longtime CBRE executive Trevor Hightower has joined Dallas-based Macfarlan Capital Partners as a partner, coming at a time when MCP grows its leadership in the agricultural investing space.
Before joining Macfarlan, Hightower was co-founder and CEO of Craftwork, a managing director at CBRE and a managing director of leasing at Parkway Properties.
Macfarlan Capital said that farmland is an important asset class in our current economic environment.
“I’ve known Trevor for a decade and have watched him lead, love, and serve colleagues, investors, and employees in various leadership roles at some of the largest real estate companies in the world and in entrepreneurial ventures, as well,” Mac Macfarlan, managing partner of Macfarlan Capital Partners, said in a statement. “He’s passionate, intelligent, fun, thoughtful, kind, driven, and brave, and joins the firm at a pivotal time as we focus on growing our leadership in agriculture investing.”
At MCP, Hightower will share in all management responsibilities of the firm and will be responsible for the acquisition, investor services, asset management, and reporting operations.
“I am excited to join Macfarlan Capital Partners and work alongside such a talented team with a 39-year track record of service and excellence,” Hightower said in a statement. “This is an exciting and important time for MCP. Farmland is an important asset class in our current economic environment with investors searching for store of value, an inflation hedge, and a low correlation to other asset classes. I am excited about building upon MCP’s legacy and growing our leadership in this important sector.”
MCP owns roughly 17,750 acres of farmland with carefully selected operating partners. In the immediate term the firm said it intends to aggregate a strategic portfolio of mid-sized high-yielding agricultural assets reaching a target size of 100,000 acres.
Macfarlan is a private investment sponsor that is committed to serving institutional investors, family offices, wealth management advisers, and individuals. It has 39 years of experience with a strong track record in many economic cycles and realities, completing more than $1.5 billion in real estate investments.
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.
R E A D N E X T
-
In this week’s North Texas deal flow, you’ll also find news about Dallas startup VRGL raising $15M six months after launching, S2 Capital’s $400M multifamily investment fund, CBRE leading $125M Series E for proptech firm VTS, CVS Health acquiring Signify Health for $8B, BenefitMall’s latest acquisition, and more.
-
In this week’s North Texas deal flow, you’ll also find news about Biotech Renibus Therapeutics raising $8.48M to fight cardio-renal disease; Deposits raising $5M for its plug-and-play financial services platform; Lion Real Estate Group targeting multifamily properties in the Sun Belt with a $200M fund, and more.
-
In this week’s North Texas deal flow, you’ll also find news about automated payment solutions startup UPAY raising new funds; Fort Worth’s Star Castle Ventures' $5.25M raise; Carlyle Group acquiring a majority stake in Dallas’ Aspen Power Partners; CenterOak Partners selling Wetzel’s Pretzels for $207M; and other deals.
-
At last week's Venture Dallas conference, more than 400 VCs, angel investors, startups, and business leaders gathered for a showcase of North Texas' entrepreneurial and venture ecosystem. Here's a look at the highlights—from Troy Aikman saying "There are no shortcuts" to Alto Founder Will Coleman on the power of doing "the opposite" to Mark Cuban's "ready, fire, aim" approach. “Regions like Texas and Dallas-Fort Worth, we’re the model for the rest of the nation on how to get things done," Ross Perot Jr. said at the conference kickoff.
-
Plus, Primoris Services acquires PLH Group for $470M; Keurig Dr Pepper acquires rights to non-alcoholic cocktail brand; Harvest Returns raises $4M for new fund; and more North Texas deals.
