Constellation Real Estate Partners

What Constellation Real Estate Partners does

Constellation Real Estate Partners, LLP is a Dallas-headquartered private real estate investment and development firm founded in 2021 by Jeremy Giles (formerly 19 years at Prologis) and Hien Le (formerly 14 years at J.P. Morgan Asset Management). The firm focuses exclusively on logistics and industrial real estate across Sunbelt markets in the southeastern and southwestern United States, with seven offices spanning Dallas, Houston, Atlanta, Denver, Miami, Orlando, and Phoenix. Its three core competencies are value-add acquisitions, speculative development, and build-to-suit development, and it has built a pipeline of 24 projects totaling 12 million square feet since inception.

The firm's underlying technology is described as proprietary data science tooling used to validate optimal site selection and development design — positioned alongside traditional industry relationships rather than as a standalone product. Development specifications consistently emphasize modern institutional-grade features: 32-40 foot clear heights, ESFR sprinkler systems, EV charging infrastructure, LED lighting, and LEED/Green Ready design standards. Capital is sourced through joint ventures with institutional partners including Northwestern Mutual, Crow Holdings Capital, and Cadre, while leasing and marketing are distributed through major commercial real estate brokerages (CBRE, Cushman & Wakefield, Colliers, JLL, Avison Young).

The revenue model combines project-based development economics (development fees, property sales, rental income from held assets) with recurring asset and investment management fees from institutional capital partners, supported by co-investment alignment between the principals and their LPs. The firm does not publicly disclose revenue, funding totals, or cap table details, and has no subsidiaries, patents, public funding rounds, or third-party AI/ML validation disclosed.

Name

Constellation Real Estate Partners

Legal name

Constellation Real Estate Partners, LLP

Website

https://constellationrep.com

Company type

Private

Founded year

2021

Operating status

Operating

Headcount range

11–50 employees

Short description

Constellation Real Estate Partners is a Dallas-based private logistics and industrial real estate development firm founded in 2021, executing speculative, build-to-suit, and value-add projects across Sunbelt markets through institutional capital partnerships and proprietary data-driven site selection.

Ownership category

akta.pro rank

Product category

Industrial Real Estate Development

NAICS

Portfolio Management and Investment Advice (523940), Other Financial Investment Activities (5239)

SIC

Real Estate Dealers (For Their Own Account) (6532), Investors, Nec (6799), Land Subdividers & Developers (No Cemeteries) (6552)

akta.pro primary industry

Real Estate Capital Markets Advisory (Debt/Equity Placement, Refinancing) (BPAJANAE)

Keywords

• Industrial real estate development
• Logistics property development
• Build-to-suit development
• Speculative industrial development
• Value-add acquisitions

Headquarters

HQ city

Dallas

HQ country

United States

HQ region

North America

Offices7 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. Industrial Real Estate Development: Development of logistics properties including speculative development, build-to-suit development, and value-add acquisitions. Revenue is generated through property sales, development fees, and rental income from held assets.
2. Asset Management and Investment Management: Investment management services for institutional investors with co-investment alignment, delivering superior risk-adjusted returns through development and management of logistics real estate.

Go-to-market motion1 record

Distribution channels2 records

Marketing channels4 records

Core offering

Constellation Real Estate Partners is a commercial real estate firm that develops, acquires, and manages logistics and industrial properties across Sunbelt markets in the southeastern and southwestern United States. The firm executes speculative industrial development, build-to-suit development, and value-add acquisitions, while providing investment management services to institutional investors including pension funds, insurance companies, and real estate investment managers. Since 2021, the firm has built a portfolio of 24 projects totaling 12 million square feet.

Product overview

Constellation Real Estate Partners is a commercial real estate firm that develops and acquires logistics/industrial properties across the southeastern and southwestern United States. The company operates through a portfolio of named industrial developments organized by geographic market, rather than a unified software platform. Their core offerings include speculative industrial developments (such as Constellation Rosslyn, Constellation 485 South, Constellation Mills Road), build-to-suit developments, and value-add acquisitions. The portfolio spans over 24 projects totaling 12 million square feet across Sunbelt logistics markets. The company uses proprietary data science technology for site selection and development design validation. Their three core competencies are: value-add acquisitions, speculative development, and build-to-suit development.

Differentiator

Problem solved

Functional benefit

Products and services

• Speculative Industrial Development Constellations speculative industrial development service delivers Class A logistics and distribution buildings developed without a pre-identified tenant, targeting infill and strategic Sunbelt submarkets. The firm uses proprietary data science technology combined with industry experience to validate optimal site selection and development design, delivering projects with 36 to 40-foot clear heights, ESFR sprinkler systems, LED lighting, and green-ready ESG features for logistics users, e-commerce operators, and distributors across the southeastern and southwestern United States.
• Build-to-Suit Development Constellations build-to-suit development service develops custom logistics and distribution facilities designed to a specific customers space, design, and timing requirements, including tenant improvements and timely delivery. The service targets the industrys most prolific and time-sensitive logistics users across Sunbelt markets, leveraging the firms institutional development expertise and fully capitalized balance sheet to provide certainty of closing and execution.
• Value-Add Acquisitions Constellations value-add acquisitions service identifies and acquires opportunistic industrial real estate across the firms geographic footprint, considering both marketed and off-market opportunities, including assets requiring prudent hands-on asset management to de-risk or reposition. The service leverages Constellations extensive industry network and institutional underwriting expertise to deliver risk-adjusted returns.
• Investment Management Services Constellations investment management service delivers institutional real estate investment management for capital partners including pension funds, insurance companies, and real estate investment managers, providing co-investment alignment, frequent and timely market intel, user-friendly reporting, and rapid response to ad hoc requests. The firm manages capital across speculative development, build-to-suit development, and value-add acquisitions in Sunbelt logistics markets, targeting superior risk-adjusted returns.
• Constellation 485 South Constellations eighth development since its 2021 inception is a 374,220-square-foot speculative industrial building in Charlotte, NC, designed according to LEED standards with 36-foot minimum clear heights. It serves customers needing modern logistics space in the Charlotte market and is the firms Charlotte-area flagship project.
• Constellation Mills Road Constellation Mills Road is a two-building, 422,452-square-foot speculative industrial development in northwest Houston, Texas, on 37 acres of land, featuring one cross-dock building and one front-loading building with 32 to 36-foot clear heights. It is intended for logistics and distribution users in northwest Houston.
• Constellation Air Commerce Park Constellation Air Commerce Park is a three-building, 972,079-square-foot industrial park in Orlando, Florida, near Orlando International Airport, designed for LEED certification with multiple configuration options. It serves large-format logistics and distribution users in the Orlando market.
• Constellation Summit 35 Constellation Summit 35 is a 492,624-square-foot cross-dock speculative industrial building with 40-foot clear height, 296 car parking spaces, and 194 trailer parking spaces in Fort Worth, Texas, with direct access to I-35 and I-20. It is intended for large-footprint logistics and distribution tenants serving the Dallas/Fort Worth market, with KBC Advisors handling marketing and leasing.
• Constellation Southbelt Constellation Southbelt is one of two speculative industrial projects comprising a 657,874-square-foot two-project development in Houston with 2,300 feet of Beltway 8 frontage, featuring 32-foot clear heights and green-ready design with EV charging infrastructure. It is intended for logistics and distribution users in Houstons Southbelt submarket.
• Constellation Cullen Constellation Cullen is a Class A industrial development in Houstons South infill submarket strategically located at the intersection of Cullen Blvd and Schurmier Rd near Beltway 8 and Highway 288. It is intended for infill logistics users serving the South Houston market.

Quantifiable outcome

• 24 projects totaling 12 million square feet developed since 2021 founding
• +2 more outcomes

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

Two partnerships are on record, tiered minor.

• KBC AdvisorsminorChannel Partner/ Reseller/ Distributor · 11 May 2026KBC Advisors handles marketing and leasing for Constellation Summit 35, a 492,624-square-foot cross-dock speculative industrial building in Fort Worth, Texas.
• ARCO Design/BuildminorImplementation/ SI/ Consulting Partner · 12 June 2024ARCO Design/Build is a construction/development partner on Constellation 485 South, a 374,220-square-foot speculative industrial building in Charlotte, N.C.

Scale indicators8 records

Recent moves7 records

Expansion highlights5 records

Direct peers

• Hillwood: Perot-family industrial real estate developer headquartered in Dallas with deep Sunbelt logistics focus and institutional capital partnerships. Closely comparable to Constellation in geography, product type, and build-to-suit/speculative development model; SVP David Grayson joined Constellation directly from Hillwood Construction Services.
• Panattoni Development Company: Largest privately held industrial real estate developer in the United States, focused on speculative and BTS logistics facilities across the Sunbelt and West Coast. Directly comparable to Constellation in product type, target customers, and geographic orientation, though at materially larger scale.
• Conor Commercial Real Estate: Mid-size industrial and office developer focused on the Southwest and Midwest with a Sunbelt-heavy speculative and BTS pipeline. Closely comparable to Constellation in scale, market coverage (including Phoenix, Denver, Las Vegas), and BTS/speculative strategy; Partner Sven Tustin joined Constellation from Conor.
• VanTrust Real Estate: Privately held developer of industrial, office, and mixed-use product with substantial speculative and BTS industrial activity across the Sunbelt. Directly comparable given overlapping geographies, similar institutional capital model, and shared industrial focus; Kris Miller previously worked at VanTrust before joining Constellation.
• Sealy & Company: Industrial-focused real estate investment and development firm operating across the Sunbelt with speculative, BTS, and value-add strategies. Comparable to Constellation in product type and institutional capital deployment, with overlapping market footprints in Texas and the Southeast.
• BlueScope Properties: Boutique industrial real estate developer focused on Sunbelt BTS and speculative logistics facilities. Directly comparable in product type and customer base to Constellation; Partner Scott Alexander was previously President of BlueScope Properties group.

Broad incumbents

• Trammell Crow Company: Major diversified commercial real estate developer with a large industrial/logistics division active across the same Sunbelt geographies. Several Constellation partners (Fields, Ellerman, Tustin) developed at Trammell Crow; a broader incumbent with deeper capital and operating resources than Constellation but with directly comparable product and clients.
• Duke Realty: Major U.S. industrial REIT (now part of Prologis) historically dominant in Sunbelt logistics development and BTS delivery. The principal prior employer of Atlanta-based Partner Chris Brown and VP Sandra Reeves; broadly comparable as a major industrial sponsor targeting the same institutional occupiers and geographies.
• Prologis: World's largest industrial REIT with extensive Sunbelt logistics footprint, in-house development pipeline, and unmatched capital cost advantage. Co-founder Jeremy Giles' prior employer and a structural benchmark for scale, product, and customer reach; competes for the same tenants and institutional capital.

Others

• Crow Holdings Capital: Real estate investment manager affiliated with Crow Holdings that has co-invested with Constellation on multiple Houston and El Paso projects (Post Oak, Trade Center, Southbelt, Cullen). A capital partner and comparable institutional real estate allocator, though structurally an investor rather than direct competitor.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks7 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/constellation-real-estate-partners

Revenue estimate

Valuation estimate

Number of profiles

Profiles25 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Constellation Real Estate Partners