Category: Press Releases

ARLINGTON, Texas –Skywalker Property Partners has closed on two industrial projects in the Rio Grande Valley to jumpstart the portfolio of its latest value-add fund, The Leverage Strikes Back LLC, which has the capacity to purchase up to $250 million in commercial real estate.

The three-building acquisition, totaling 176,700 sf, is situated in Weslaco, a centrally located city in the Valley with economic synergies tied to its proximity to the Mexico border. Skywalker Property, focusing on the value-add potential, has acquired:

▪ A 108,000-sf warehouse at 715 W. Pike Blvd. that’s fully leased to Jefferson Electric Co. Inc. The 9.5-acre site includes 3.5 acres primed for new construction.

▪ A two-building multi-tenant project on 6.5 acres at 308-320 S. Utah Ave. There are seven tenants with staggered lease terms occupying warehouses with 18,450 sf of available space.

Skywalker Property is planning to spend roughly $750,000 to renovate the industrial properties, developed in the 1960s and 1970s, as the first step of a value-add play aimed at increasing below-market rents, leasing the vacancy and curing the rollover risk. The buyer has retained Davis Realty as its management and leasing partner in the city.

The Skywalker Property-managed fund acquired the properties from a local family who’s owned and operated them since the 1990s. It’s the buyer’s first of two closings in the Rio Grande Valley, where another contract is pending on a retail center.

“We like that Valley market and its story. There is steady and sustainable growth from the cross-border trade and spending,” says Gary Walker, managing principal and president of the Arlington, Texas-based Skywalker Property.  “There will be additional opportunities emerging from onshoring tailwinds as the U.S. makes more products and outsources more to Mexico.”

Skywalker Property completed the fund’s capital raise in spring 2023, the fourth and largest in the company’s 35-year history. The fund manager’s disciplined buying strategy is based on sourcing opportunities that can meet its stringent return, risk hurdles and rigorous due diligence.

“I’ve never gone two years without an acquisition, but believe it was necessary to stay disciplined and stick to our underwriting,” Walker says. “I’m thrilled and relieved to be back in the saddle.”

Meanwhile, Skywalker Property is closing out its other funds, divesting all assets in the portfolios. In all, 19 properties were sold in 22 months, the last of which changed hands in early 2023.

By leveraging the fund’s capital, Skywalker Property has the purchasing power to buy up to $250 million of industrial, retail and office properties as well as development land. The team is sourcing value-add assets in the $10-million to $30-million range.

“The stalemate between buyers and sellers has greatly slowed the transaction volume in Texas and elsewhere. Looking ahead, I anticipate increased activity in the first quarter for our investors,” says Walker, who also has a letter of interest resting on an office building in Dallas/Fort Worth.

###

FOR ADDITIONAL INFORMATION:

Gary Walker, 817-898-0303

ARLINGTON, Texas – Skywalker Property Partners has leased 19,768 sf to the United Football League to house operations centers for the San Antonio Brahmas and Michigan Panthers, scoring a high-profile win for the landlord’s office portfolio.

The Arlington, Texas-based UFL, owned by Fox Sports, is the culmination of this year’s merger between the XFL and USFL. Each of the UFL’s eight teams has separately branded operations centers in the Metroplex. The just-leased office space at 3301 Airport Freeway in Bedford will be split between the multi-story building’s second and third floors to accommodate the league strategy.

“Having a high-profile national tenant like the UFL choose our building is exciting,” says Chris Aguilar, asset manager for locally based Skywalker Property Partners.

Trevor Brown and Theron Bryant of Transwestern represented the landlord of record, Leasing on a Jet Plane LLC. Dean Collins of Cushman & Wakefield of Texas Inc. served as the tenant representative for the UFL, which kicks off its inaugural season March 30.

The UFL has leased as-is office space that will be utilized for brand-building and support services for the respective teams for the duration of the current season. Both operations centers will be up and running for the start of training camp Feb. 24.

The 86%-leased building, totaling 69,556 sf, was renovated in 2022. The landlord replaced the roof, HVAC system and bathrooms plus added spec suites, fiber optic business service, state-of-the-art air filtration equipment and a digital energy management system.

“The landlord believes the UFL’s presence will bring new energy to the building, which is well-positioned for the league because of the proximity to the teams’ practice facility at Pennington Field and DFW International Airport,” Aguilar says.

The sports world is closely monitoring this year’s merger between the two football leagues. The 

UFL’s 400-plus players practice and live in North Texas, flying to games on weekends to their respective teams’ face-offs. The Arlington Renegades, the 2023 XFL league champions, play at Choctaw Stadium, 1000 Ballpark Way, formerly Globe Life Park.

“Having the San Antonio Brahmas and Michigan Panthers in the Bedford market is a strong economic catalyst,” Aguilar says. “We value our asset highly and are hopeful this lease will lead to a long-term relationship between the UFL and Skywalker Property Partners.”

###

FOR ADDITIONAL INFORMATION:

Chris Aguilar, 817-898-0323

Bedford, TX – Skywalker Venture Fund is pleased to announce recent investments in groundbreaking companies that align with the fund’s vision for fostering innovation and disruptive technologies.

OpsLab (Website)

Skywalker Venture Fund has made an investment into the Series Seed round of OpsLab in January 2024. OpsLab is a pioneering flight scheduling and disruption management platform designed to automate scheduling for crew, aircraft, cargo, and pilot training.

Fast Forward (Website)

In a Series Seed 2 round on November 2023, Skywalker Venture Fund invested in Fast Forward, a utility technology company. Fast Forward focuses on automating inspection and documentation processes for electric utilities and municipalities.

Susser Bank (Website)

In December 2023, Skywalker Venture Fund made a significant investment in the equity offering of Susser Bank, a Texas-based community bank. This investment signifies the fund’s confidence in supporting local financial institutions and fostering growth in community banking.

“These diverse investments reflect our ongoing commitment to identifying and supporting companies with transformative ideas and technologies,” said Cate Davis, Investments Analyst at Skywalker Venture Fund. “We believe in the potential of these ventures to shape industries and drive positive change. Our focus remains on fostering innovation and building partnerships with visionary entrepreneurs.”

For more information about Skywalker Venture Fund and its portfolio companies, please visit https://www.skywalkerproperty.com/ventures/.

About Skywalker Venture Fund:

Skywalker Venture Fund is a North Texas-based venture capital firm dedicated to supporting and investing in innovative startups across various industries. With a focus on fostering disruptive technologies and visionary entrepreneurs, the fund aims to drive positive change and contribute to the evolution of industries.

###

Media Contact:

Marijke Van Stichel

Director of Administration and Operations

Mvanstichel@skywalkerproperty.com

817-898-0291

ARLINGTON, Texas – Skywalker Property Partners has launched its fourth and largest fund, The Leverage Strikes Back LLC, a capital raise with the capacity to make up to $250 million of opportunistic investments in Texas and surrounding states.

North Texas-based Skywalker Property is the fund’s manager. The $20 million capital raise was completed during Q1.

“By year’s end, we anticipate the market will be faced with a wave of maturing loans as owners struggle with refinancing, under-performing projects and tighter capital conditions,” says Gary Walker, president and founder of Skywalker Property Partners. “Our new fund is well-positioned to capitalize on these opportunities.”

The fund will target investments with opportunistic return profiles in the $10 million to $30 million range from brick and mortar to note-buying to joint venture private equity, including distressed assets and new developments. The team has already placed its first contract: a project in the Interstate 35 corridor of Texas.

“We have the agility to meet the market whatever the opportunities may be,” says William Welder, Skywalker Property’s director of acquisitions and capital.

The acquisition strategy will be aimed at multiple asset classes located in primary, secondary and tertiary markets. If all goes as planned, the fund will be 100% invested by December 2025.

“The new fund is a milestone. It’s the largest in our history and a significant shift from our two-year focus on dispositions,” Welder says of the 33-year-old firm.

Skywalker Property’s team will use its deep ties in real estate and banking communities to source investments, as it’s done in the past. It’s anticipated opportunities will abound if interest rates remain at the current level or continue to tick up, further impacting the availability and affordability of capital for critical needs, such as refinances.

“We have longtime relationships with community banks that will enable our success. We are grateful for their steady partnerships,” says Welder, who led commercial real estate lending for One of the nation’s 10 largest financial institutions before joining Skywalker Property in 2021.

The availability of joint venture equity, in essence, is a value-add opportunity for developers and investors facing capital shortages for construction starts, completions or improvements to existing projects being primed for repositioning. The fund manager envisions a portfolio with a balanced mix of asset classes – medical, senior housing, residential and commercial condominiums, retail, mixed use, office and industrial.

“Skywalker Property’s platform and ability to fund investments will benefit our sponsor-partners, who are starting to do larger and more complicated deals,” Welder says. “For investors like us who specialize in opportunistic deals, we may be on the precipice of some attractive opportunities.”

###

FOR ADDITIONAL INFORMATION:

William Welder, 817-898-0244

---

Skywalker Property Partners identifies, underwrites, acquires and executes highly opportunistic and value-add investments on behalf of When Opportunity Knocks LLC and Cash Flow Fever LLC, funds formed in 2017 to build a $200 million portfolio of office, industrial and retail properties in Texas and surrounding states. The strategy targets transactions from $2 million to $15 million. Additional information about the investment group is available at www.SkywalkerProperty.com

ARLINGTON, Texas – Skywalker Property Partners has sold a fully leased shopping center in East Texas and a vacant office flex project in Tulsa for its managed fund, Cash Flow Fever LLC, after reaching its investment goals within a four-year hold.

The Texas property is the 30,977-sf High Plaza Shopping Center at 2430 S. High St. in Longview, where Skywalker Property has opted to hold onto the anchor space for the fund’s portfolio. In Tulsa, the disposition is a 20,160-sf office flex project at 3717 S. Sheridan Rd., which was part of a two-building educational campus that was divided in two and sold separately.

“The dispositions were successful investments that had run their course in the fund,” says Gary Walker, managing principal and founder of North Texas-based Skywalker Property. “We take pride in making places better and achieving superior returns for our partners, and we accomplished both goals.”

Skywalker has sold the lion’s share of High Plaza Shopping Center to M&L United Property LLC of Dallas/Fort Worth and held onto a 26,400-sf anchor store. That space is the future home of O’Reilly’s Auto Parts, which is slated to open in late Q2.

The 2.91-acre shopping center was on the market about four months, with M&L banking the win as the highest of three offers. Under Skywalker Property’s watch, High Plaza underwent a major renovation to upgrade the center’s exterior, including the roof, and the parking lot, lighting and monument sign.

“It was an extensive facelift that delivered value for the market,” says Chris Aguilar, Skywalker Property’s asset manager. “O’Reilly’s coming in is a boon for the neighborhood.”

High Plaza is located near the junction of three main arteries in Longview, the county seat of Gregg County and an outdoor recreation hub. The tenant mix features national, regional and local retailers, including Family Dollar, Wing Stop, Metro By T-Mobile and Little Caesars.

The Tide is High Plaza LLC is the seller of record. Tim Axilrod of SHOP Cos. represented the seller and Long Ly of William Davis Realty brokered the deal for the buyer.

In Tulsa, Skywalker Property is exiting the market with the sale to Gravley Holdings LLC, a local digital sign maker and manufacturer. The 1.76-acre project, totaling 20,160 sf, is located at one of the city’s busiest intersections, Interstate 44 and Hwy 64/51 (Broken Arrow Expressway).

“The building is perfect for an owner-user because of its location and size. We’ve just been waiting for the right one to come along,” Aguilar says.

Skywalker Property’s value-add strategy for the educational campus went into play early last year when the net-lease tenant, Miller-Motte College, consolidated into one building and left the fund with a vacant structure. The property was split in two, with the leased piece selling in December 2022. The fund manager also sold the on-site billboard for a profit in a separate transaction that closed earlier this year.

Cash Flow Fever is a yield fund focused on acquiring income-producing properties with upside that can be achieved through renovation and repositioning strategies like separating assets into two pieces to achieve higher yield. The typical hold is four years, with selective assets held for long-term cash flow.

Cooking with Gas LLC, the seller of record, was represented by Michael Schnake and Ward Seibert of Oil Capital Commercial Real Estate Services. The buyer was self-represented.

###

FOR ADDITIONAL INFORMATION:

Chris Aguilar, 817-898-0323

---

Skywalker Property Partners identifies, underwrites, acquires and executes highly opportunistic and value-add investments on behalf of When Opportunity Knocks LLC and Cash Flow Fever LLC, funds formed in 2017 to build a $200 million portfolio of office, industrial and retail properties in Texas and surrounding states. The strategy targets transactions from $2 million to $15 million. Additional information about the investment group is available at www.SkywalkerProperty.com

ARLINGTON, Texas – In a strong close-out of 2022, Skywalker Property Partners has sold a trio of office properties in North Texas and Oklahoma on behalf of three managed funds.

The crown jewel of the divestiture was Brookhollow Riverside, a 119,121-sf office building at 2505 N. TX 360 in Grand Prairie. The disposition also included Crescent Parc, a 61-unit medical and office condominium project at 1400 N. Coit Rd. in far north Dallas, and a 36,590-sf office project, home to Miller-Motte College, at 3801 S. Sheridan Rd. in Tulsa.

“We’re proud of all three projects. They were successful investments that illustrate our ability to create value using multiple strategies,” says William Welder, Skywalker’s director of acquisitions and capital.

Brookhollow Riverside is a prominent freeway-fronting office building that Skywalker has owned since 2006. It was 90% occupied at sale time.

Tom Strohbehn and Scott Farber of Younger Partners marketed Brookhollow Riverside for the seller of record, Down By The Riverside LP. Multiple offers were received, with a Houston-based 1031 Exchange buyer, 2505 North State Hwy LLC, winning the deed. The buyer’s principal was Howard Heald of Silver Creek Realty Advisors LLC.

“We were fond of that asset,” Welder says, “but it was the right time to sell. In spite of general headwinds facing office properties, there is still strong demand for quality multi-tenant assets with a good amount of term remaining on leases, as was the case with Brookhollow Riverside.”

The eight-story structure and parking garage are situated on a 3.3-acre tract with unobstructed visibility from TX 360 and close to Dallas/Fort Worth International Airport. The tenant mix includes multiple federal and state government agencies.

Skywalker’s investment in Crescent Parc in 2021 catapulted the team into a development role for a partially finished medical and office condominium project in McKinney. Capitalized by the When Opportunity Knocks fund, construction was completed on 14 buildings, resulting in the sales of 61 turn-key medical and office condominiums, totaling 64,088 sf, by the end of Q4 2022.

Joe Martinez and Tonya La Barbera of Legacy Commercial Realty represented the seller of record, McKinney Sunrise LLC, for Crescent Parc’s Phase I. The 5.83-acre project is located near the Dallas North Tollway, Preston Road and US Hwy. 380.

Skywalker went the auction route to sell the Tulsa property, which is fully occupied by Miller-Motte College. Underwriting the disposition strategy was a brand-new 10-year net lease.

“It was a strategic decision to take it to market via an auction platform,” Welder says. “We wanted to reach as broad of an audience as possible to maximize the value of the net-leased asset.”

Ten-X was the auction intermediary, with Exponentally Inc. of Houston placing the winning bid. Developed in 1982 and renovated in 2008, the two-story office building is situated on 2.02 acres within a block of Interstate 44.

The Tulsa asset has been in the portfolio of Skywalker’s Cash Flow Fever fund since 2019. Jason Little, Will Lightfoot and Matt Maguire of the SHOP Cos. represented the seller of record, Cooking with Gas LLC. The buyer was self-represented.

###

FOR ADDITIONAL INFORMATION:

William Welder, 817-898-0244

---

Skywalker Property Partners identifies, underwrites, acquires and executes highly opportunistic and value-add investments on behalf of When Opportunity Knocks LLC and Cash Flow Fever LLC, funds formed in 2017 to build a $200 million portfolio of office, industrial and retail properties in Texas and surrounding states. The strategy targets transactions from $2 million to $15 million. Additional information about the investment group is available at www.SkywalkerProperty.com

WACO, Texas – Skywalker Property Partners and Utah-based Zelevie Health have acquired the shuttered 116-bed Healthcare Resort of Waco, launching the investment firm’s entry into a new property sector and introducing a new provider to Texas.

The assisted living and skilled care facility at 5801 Crosslake Parkway will be re-branded Zelevie Health of Waco. The 116-bed project, completed in 2015, was closed in 2018 as a result of a tenant-landlord dispute.

Come Together Prop Co LLC, a single-purpose entity of Skywalker’s When Opportunity Knocks investment fund, is the buyer of record. The seller, KCP Waco Holdco LLC, is affiliated with Kawa Capital Management.

“While it is a new asset class for Skywalker, we really liked the real estate,” says William Welder, director of acquisitions and capital for the North Texas-based investment firm. “It’s a class A project in a class A+ location. We are investing in a market we know and, with a partner we strongly believe in.”

About $500,000 will be invested into addressing deferred maintenance and upgrading the kitchens, dining areas, landscaping and mechanical systems. Zelevie Health anticipates the facility will be ready to accept residents in the fourth quarter.

Zelevie Health of Waco is situated on 6.7 acres adjacent to the 210-bed Baylor Scott & White Medical Center – Hillcrest, a part of the 150-acre Legends Crossing mixed-use development at the junction of Interstate 35 and TX 6 on the city’s south side. The neighborhood also includes upscale single-family homes and Central Texas Marketplace, featuring a mix of high-end retail and restaurants.

The JV’s new holding is a two-story structure, totaling 77,000 sf, with 30 assisted living and 86 skilled nursing beds plus a state-of-the-art, fully equipped physical therapy unit. Resident amenities include several lounges, media room and outdoor terrace with gathering spaces and a putting green.

Demographically, there are roughly 34,000 residents within a three-mile radius, 14.7% of whom are 65 years or older. A second hospital, Ascension Providence Healthcare, is less than three miles away.

The Skywalker-Zelevie JV was self-represented in the transaction. Amy Sitzman of Blueprint Healthcare Commercial Real Estate handled negotiations for the seller.

Zelevie Health’s management team are industry veterans with a combined 200 years of experience in operating senior living properties. The Waco project is the first acquisition for a new portfolio, with Skywalker Property as the lead on the investment play and managing partner.

“We’re optimistic about the outlook in this property sector,” Welder says. “We’ve identified other properties in Texas that could be a good fit for the JV’s portfolio.”

In an unrelated transaction for the fund, Skywalker Property has sold the 141,480-sf One Northwind Plaza at 7600 W. Tidwell Rd. in Houston to an owner-user, Versa Creative Tower LLC, which was self-represented in the transaction. Darrell Betts of Avison Young – Texas LLC represented the seller of record, Blowin’ in the Northwind LLC & Bardin Square Investors Ltd.

The eight-story office building, situated on three acres, is connected via a covered walkway to a 462-space, four-level parking garage with controlled access. The project had undergone $1.6 million of renovations during Skywalker Property’s four-year hold. One Northwind Plaza will remain a multi-tenant office project.

###

FOR ADDITIONAL INFORMATION:

William Welder, 817-898-0244

---

Skywalker Property Partners identifies, underwrites, acquires and executes highly opportunistic and value-add investments on behalf of When Opportunity Knocks LLC and Cash Flow Fever LLC, funds formed in 2017 to build a $200 million portfolio of office, industrial and retail properties in Texas and surrounding states. The strategy targets transactions from $2 million to $15 million. Additional information about the investment group is available at www.SkywalkerProperty.com

FORT WORTH – Skywalker Property Partners has purchased a fully leased, class A retail/residential property in downtown Waco in an off-market deal and sold a 227,891-sf office building in North Dallas on behalf of its investment fund, When Opportunity Knocks LLC.

In taking the deed to 330 Austin Ave., the new owner has renamed the project, formerly Austin Avenue Lofts, to The Balconies Downtown. It is a mix of two street-level retail spaces and 41 apartments, all of which are earmarked for future condominium sales. City hall, the convention center, a public park and the world-famous Magnolia Market at the Silos are within walking distance of the property.

Skywalker Property, an experienced condominium investor, has purchased Austin Avenue Flats from the lender. The condo resale play got underway at the closing table with the sale of a 3,500-sf retail condo, leased to American Bank, to a private local investor.

“On day one, we bought and sold that one piece,” says William Welder, acquisitions director for the North Texas-based Skywalker Property Partners. “The transition into individual owners of the condominium units was started a few years ago. We intend to finish it.”

Campus Realtors will manage the residential units and property owners’ association, which includes five previously sold units. Skywalker Property, led by founding principal Gary Walker, will oversee the retail component.

The mixed-use building is positioned on 1.47 acres at the corner of South Fourth Street and Franklin Avenue. The three-story project, completed in 2008, also includes a 6,304-sf restaurant occupied by Coach’s xXx Smoke BBQ.

Skywalker was self-represented in the acquisition for the buyer of record, Bear Force One LLC. The seller, 330 Downtown Waco LLC, was represented by Clay Fuller of Coldwell Banker Commercial.

“It was Gary’s ties to Waco through Baylor University, the Baylor Angel Network and previous investments in the market that led to this acquisition,” Welder says. “He knows and likes the market well.”

In North Dallas, private investor Noel Yi has acquired Crosspoint Atrium at 8131 LBJ Freeway from a related entity of When Opportunity Knocks. The eight-story office building, situated on 3.36 acres, was 60.53% leased at sale time.

Skywalker Property acquired the office building in February 2019, investing nearly $1.3 million into upgrades. The asset was actively marketed by Tom Strohbehn of Younger Partners for the sellers of record, Crosspoint My Heart LLC and WalkOn Properties LLC.

“Multi-tenant office buildings present challenges these days so we decided to pare back our investments in that sector,” Welder says. “The LBJ project presented a strong value-add opportunity for the right buyer.”

The Dallas-based buyer has been an active commercial buyer in the past year. He was represented by Dave Van Etten of Trinity Interests.

“He had 1031 Exchange funds to invest. He made a competitive offer and was able to perform,” Welder adds.

###

FOR ADDITIONAL INFORMATION:

William Welder, 817-898-0244

---

Skywalker Property Partners identifies, underwrites, acquires and executes highly opportunistic and value-add investments on behalf of When Opportunity Knocks LLC and Cash Flow Fever LLC, funds formed in 2017 to build a $200 million portfolio of office, industrial and retail properties in Texas and surrounding states. The strategy targets transactions from $2 million to $15 million. Additional information about the investment group is available at www.SkywalkerProperty.com

FORT WORTH – In unrelated transactions, Skywalker Property Partners has sold one commercial asset in Waxahachie and two in Wichita Falls on behalf of two investment funds.

The dispositions are:

• a 12,108-sf flex office building on slightly more than one acre at 200 W. Marvin St., Waxahachie. It is fully leased to Kelly Williams Realty;
• a 22,130-sf retail project on 2.6 acres at 2600 Central E. Freeway, Wichita Falls. It is 82%-leased to the US Department of Veterans Affairs;
• and a 36,879-sf call center on seven acres at 2236 Airport Freeway in Wichita Falls. It is 100% leased to USA800, a subsidiary of The Results Companies.

“We had completed the repositioning of each and made a strategic decision to sell. There is a lot of capital chasing investments in Texas,” says Gary Walker, founder and managing principal of North Texas-based Skywalker Property Partners, the funds’ manager.

All three properties underwent extensive renovations on Skywalker Property’s watch. Each one was repurposed from its original use.

The Waxahachie property was the former home of a local newspaper. Nearly $2.5 million went into converting the structure into a single-tenant building via Skywalker Property’s tenant partnership program, with Keller Williams Realty partnering as an investor and occupant.

Underwriting the changes is the pending close-out of Skywalker’s legacy Hangover Fund. There are three assets remaining in the portfolio, two of which are under contract and a third being actively marketed for sale.

Meanwhile, Skywalker has three properties in various stages of final negotiations to add to the portfolio of When Opportunity Knocks. It’s also sold five projects in the past six months on behalf of the fund’s routine portfolio-churning.

“We had a tremendous number of offers,” Walker says. “It was sold in less than a month to a 1031 Exchange buyer.”

Tim Axilrod of SHOP Cos. represented the seller of record, Second Hand News LLC, a single-purpose entity of Skywalker’s Cash Flow Fever Fund. Michael Kaplan of the Weitzman Group negotiated for the Los Angeles-based buyer, TAZ RLT LLC.

“The Wichita Falls call center is a repurposed grocery store. It too was part of the Cash Flow Fever Fund portfolio

“The call center was auctioned by Ten-X, with SCM Real Estate brokering for the seller of record, Wichita Calls LLC. The winning bid came from a local 1031 Exchange buyer, Star Texan Properties LLC.

The other Wichita Falls property is a repurposed retail center that’s now a government-leased asset. Its one of the few remaining properties in the Hangover Opportunity Fund’s portfolio.

Zack Ficke of Colliers International brokered the sale between the seller of record, Partners After All LLC, and Gray Harbor Capital, a Florida-based investment firm with a portfolio of government-leased properties.

“We are in harvest mode,” Walker says, “and it’s a good time in the market to do so. We aren’t long-term holders. We’re in moving, not storage.”

###

FOR ADDITIONAL INFORMATION:

Gary Walker, 817-898-0303

---

Skywalker Property Partners identifies, underwrites, acquires and executes highly opportunistic and value-add investments on behalf of When Opportunity Knocks LLC and Cash Flow Fever LLC, funds formed in 2017 to build a $200 million portfolio of office, industrial and retail properties in Texas and surrounding states. The strategy targets transactions from $2 million to $15 million. Additional information about the investment group is available at www.SkywalkerProperty.com

ARLINGTON, Texas – Skywalker Property Partners is undergoing a series of internal changes in anticipation of launching new investment funds later in the year.

The firm’s longtime COO, Carol Coffman-Sosebee, has retired while Clint Holland, acquisitions director for more than a decade, will be starting his own firm, Sterling Interests. In line with the leadership changes, William Welder has been promoted to director of acquisitions and capital.

“We are going to miss Carol and Clint. We’ve been together a long time,” says Gary Walker, managing principal and founder of Skywalker Property Partners. “The evolution of SPP is an opportunity for our next generation to grow and lead.”

Walker has realigned the COO’s responsibilities by promoting Rachel Marion to director of accounting and Marijke Van Stichel to director of administration and property accounting. The changes are coinciding with the upcoming full investment of Skywalker Property’s When Opportunity Knocks and Cash Flow Fever funds.

“We are always reviewing our business model to take advantage of market opportunities,” Walker says. “We also plan on investing with Clint and partnering with him on some projects. I’m very excited about the future and our team.”

Underwriting the changes is the pending close-out of Skywalker’s legacy Hangover Fund. There are three assets remaining in the portfolio, two of which are under contract and a third being actively marketed for sale.

Meanwhile, Skywalker has three properties in various stages of final negotiations to add to the portfolio of When Opportunity Knocks. It’s also sold five projects in the past six months on behalf of the fund’s routine portfolio-churning.

“We’re going to be fully invested in both funds in the near future,” Walker says. “We’re planning ahead and laying the groundwork now to set up a new wave of investment. We’ll also be investing with other sponsors in addition to leading our own projects.”

Holland joined the firm in 2009 as a consultant and was quickly promoted to acquisitions director. His new office is located in Southlake Town Square, 180 State St., Southlake.

“Now is a good time to go out on my own, given where we are in the funds and the life cycle of my professional and personal life,” Holland says.

###

FOR ADDITIONAL INFORMATION:

Gary Walker, 817-898-0303

Clint Holland, 214-632-0744

---

Skywalker Property Partners identifies, underwrites, acquires and executes highly opportunistic and value-add investments on behalf of When Opportunity Knocks LLC and Cash Flow Fever LLC, funds formed in 2017 to build a $200 million portfolio of office, industrial and retail properties in Texas and surrounding states. The strategy targets transactions from $2 million to $15 million. Additional information about the investment group is available at www.SkywalkerProperty.com