S3 Capital, a New York City-based private real estate credit manager, has expanded to Dallas, opening a new office to capitalize on long-term growth opportunities in the multifamily construction sector. The office will be led by Jonathan Hart, a seasoned industry professional with previous roles at Thorofare Capital, Peregren Capital Group, Madison Realty Capital and ACORE Capital.
Hart, managing director of originations, S3 Texas, in an interview with IREI, explained that the state’s major metros — Dallas, Houston, Austin, and San Antonio — are benefiting from corporate relocations, domestic and international migration, and favorable tax incentives, all of which are fueling rental housing demand. Despite headwinds like high interest rates and construction costs, Texas
