Now under one roof as Rockhill Capital & Investments, the merger is advancing the North Texas firm’s leadership team and real estate investing capabilities
VeteranNorth Texas real estate development firm, Rockhill Capital & Investments, announced its merger with North Texas-based real estate investment firm, Horizon Capital Partners. Now under one roof as Rockhill Capital & Investments, the Frisco-based firm plans to leverage its expanded team and resources to target a wider range of real estate investments and bolster its development activity across the region.
“We believe we have a powerhouse team and are excited to see what we can accomplish together in 2023 and beyond.”
Since its inception in 2009, Rockhill has been providing expertise in land acquisition and development, entitlement and infrastructure construction, with a focus on residential development across North Texas. Horizon focuses on the development, sourcing and procurement of financing and capital relationships with the goal of achieving long-term, positive results for its investment partners. Combined, the firms have more than $300 million of managed real estate assets.
“We’ve worked closely with Horizon for many years as our strengths complement each other, so joining forces makes sense,” said Ryan Griffin, principal at Rockhill. “Most of our team grew up in and has a vested interest in the North Texas region. We understand the real estate opportunities and how special the next 10 years and beyond will be for the community we’re a part of, so we’re very much looking forward to increasing our capacity and participating in more developments.”
Joining Rockhill from Horizon are Horizon founders Dave Johnson and Mark Smith. Johnson has an extensive background in the hotel industry, where he spent 17 years at Wyndham Hotels serving as president. Later he became chairman and CEO of Aimbridge Hospitality, recognized as one of the premier hotel management companies in the world. Smith is a real estate veteran with acquisition, management, finance and project development experience spanning more than two decades.
“There is tremendous synergy between our teams, so merging with Rockhill is the most logical next step in expanding our collective footprint in Texas’ development sector,” adds Dave Johnson, now a principal at Rockhill.
“We’re eager to continue to build new opportunities with Rockhill and positive results for our investment partners,” added Mark Smith, now a principal at Rockhill. “We believe we have a powerhouse team and are excited to see what we can accomplish together in 2023 and beyond.”
On the horizon for Rockhill are several residential communities, including the development of Uptown Celina, a 675-acre district boasting a prime location adjacent to downtown Celina on the north side, and extending west almost to the future Dallas North Tollway. Uptown Celina will include at least four distinct neighborhoods offering varying home sizes and types, with the potential for multi-family, commercial and retail space.
Other prominent upcoming projects include a joint venture with Covenant Development to develop the single-family residential portion of Heritage Ranch, a 440-acre mixed-use master-planned community in Sherman, Texas. Rockhill also recently announced Oliver Creek Ranch (formerly Shoop Ranch), an 1,800-acre project in New Fairview, Texas, between Denton and Fort Worth, with plans for 5,000 homes, a city center and more.
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