Lance Armstrong dives into TX Commercial Property
Globe Street announced today that Lance Armstrong is forming a commercial real estate investing company focused on central Texas markets. He has $100M to play with.
One of his partners, Lance Sallis, a 20-year real estate veteran, was previously managing director with Trammell Crow Co.’s Austin office. Here is what Sallis had to say about the commercial markets. Basically FULL SPEED AHEAD!
“Now’s the right time,” Sallis explains. “There’s been a re-pricing of institutional quality commercial real estate assets, and all of this creates a huge buying opportunity for groups willing to buy, hold and reposition properties.”
Here is the full article
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Comments (2)
Lets hope he doesnt bring in the worlds suspitions about his activities as a cloud upon the other investors.
Jim Wineinger, almost 15 years ago
His timing seems pretty good to be bringing that kind of money into this market. If he has 1/10th the success in CRE that he had in the TDF, look out!
Jon Klaus, almost 15 years ago