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.
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