S2 Capital has launched a development platform focused on multifamily and industrial projects across major Sun Belt markets.
The Dallas-based real estate investment manager named Carl Starry president of development to lead the platform.
S2 said multifamily construction starts across the Sun Belt are trending toward post-global financial crisis lows, creating a potential supply gap. The firm said the new platform will focus on ground-up development across markets with population growth and long-term demand fundamentals.
S2 has transacted more than $13 billion in total capitalization, acquired more than 51,000 units nationwide and has more than 8 million square feet of industrial assets under management.
“We believe this is one of the most compelling development environments we’ve seen in the last decade,” said Scott Everett, founder and CEO of S2 Capital. “Starts have collapsed, demand fundamentals across the Sunbelt remain intact, and deliveries
