Rockspring Capital Hires Vice President of Duties Sales
Rockspring Capital, a privately-owned real estate investment firm and Reg D fund sponsor, has named a new vice president of duties sales.
Rockspring Capital, a privately-owned real estate investment firm and Reg D fund sponsor, has hired Michael Johnston to serve as vice president of duties sales.
In his role, Johnston will be responsible for generating new investment opportunities with regional and national registered financial advisors, family offices, high net worth individuals for the firm’s fund offerings. He will also work with end users, such as construction and development companies, for Rockspring’s real estate acquisitions.
“We’re excited for Michael to join the team as his efforts will further elevate the case of why Texas has and will continue to be ideal place to invest,” said Jim McAlister IV, president and CEO of Rockspring Capital. “His 15 plus years of national commercial construction and development experience will also be instrumental as he and our brokerage teams continue to market our development-ready assets to construction firms that are looking to build residential and commercial structures in opportunistic locations of Texas.”
Prior to joining Rockspring, Johnston served as operations director and project executive for BE&K Building Group where he worked with business development to procure new business while overseeing a variety of projects, the company said.
Johnston also founded and ran Johnston Commercial Services for several years where he purportedly sold more than $15 million in mechanical services. He received his Bachelor of Business Administration in marketing degree from Texas State University.
Established in 1973, Rockspring Capital is a Houston-based real estate investment company that buys opportunistic real estate, land parcels and residential lots in high growth areas. It also makes special situation bridge loans, note purchases and covered land plays on real estate assets. Rockspring Capital acquires with all cash in markets within the “Texas Triangle” of Houston, Austin, San Antonio and Dallas/Ft. Worth.
