Four Rivers

What Four Rivers does

Four Rivers Capital is a Dallas-based boutique private equity and commercial real estate development firm founded in 2018 by Justin Schoellkopf and James Mason. The firm operates two complementary business lines: a private equity fund, the FRC Genesis Fund, that acquires single-tenant net leased commercial real estate assets for institutional investors seeking stable cash flow yield, and a development arm that executes build-to-suit single-tenant and Class AA mixed-use projects in high-growth markets. Collectively, Four Rivers and its principals have participated in more than $3 billion of real estate development and capitalization transactions spanning over 10 million square feet.

The firm's portfolio includes the FRC Genesis Fund, the 12-story Weir's Plaza mixed-use tower completed in 2022 in Dallas' Knox Street district (250,000 RSF of Class AA office above boutique retail, 100% leased at opening), and the recently renovated Preston Sherry Plaza in Preston Center. Single-tenant development services support nationally recognized retail and restaurant brands including Firestone, Tractor Supply, Murphy USA, CVS Health, Chili's, and Carrabba's Italian Grill, while mixed-use urban development services target supply-constrained corridors with sophisticated entitlement strategy. Asset management services run from acquisition through stabilization with hands-on oversight.

Four Rivers generates revenue through real estate investment returns on fund-owned assets and through development fees, asset management fees, and value creation. The firm operates as a selectively partnered, relationship-driven business with 1-10 employees, partnering with experienced operators on larger projects, including a 2026 joint acquisition of Preston Sherry Plaza with Endeavor Real Estate Group and a 2026 redevelopment partnership for Town East Mall with the City of Mesquite and Elm Creek Investments. Pricing is deal-specific and not publicly disclosed.

Name

Four Rivers

Legal name

Four Rivers Capital

Website

https://fourriverscap.com

Company type

Private

Founded year

2018

Operating status

Operating

Headcount range

1–10 employees

Short description

Four Rivers Capital is a Dallas-based boutique private equity and commercial real estate development firm that invests in single-tenant net leased assets via the FRC Genesis Fund and develops Class AA mixed-use and build-to-suit projects for national retail, restaurant, and institutional investors.

Ownership category

akta.pro rank

Headquarters

HQ city

Dallas

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Real Estate Investment Returns: Returns generated from investing in single-tenant net leased commercial real estate assets, providing strong stable cash flow yield and capital appreciation for investors through the FRC Genesis Fund.
2. Commercial Development: Development fees and value creation through active management of commercial development projects from acquisition through stabilization, including mixed-use and single-tenant developments.

Distribution channels1 record

Marketing channels3 records

Core offering

Four Rivers Capital is a boutique private equity and commercial real estate development firm that invests in and develops single-tenant net-leased commercial assets and complex Class AA mixed-use projects. It operates the FRC Genesis Fund to provide institutional investors exposure to creditworthy-tenant net-leased real estate for stable cash flow and capital appreciation, and delivers build-to-suit development for national retailers and restaurant brands such as Firestone, Tractor Supply Co., Murphy USA, CVS Health, Chili's, Carrabba's, and Weir's Furniture. The firm manages assets hands-on from acquisition through stabilization.

Product overview

Four Rivers Capital is a boutique private equity and commercial real estate development firm offering a unified platform comprising the FRC Genesis Fund (a single-tenant commercial real estate investment vehicle), alongside real estate investment, development, and asset management services. The firm develops single-tenant properties for national retail brands and complex mixed-use urban projects like Weir's Plaza and Preston Sherry Plaza, while the FRC Genesis Fund manages net-leased commercial assets across the United States for stable cash flow generation.

Differentiator

Problem solved

Functional benefit

Products and services

• FRC Genesis Fund A private equity fund focused on acquiring quality single-tenant commercial real estate assets net leased to creditworthy tenants, designed to generate strong, stable cash flow yield for investors with geographic diversification across the United States. Intended for institutional and fund investors (limited partners).
• Single Tenant Development Services Programmatic single-tenant build-to-suit development services for nationally recognized brands including Firestone, Tractor Supply, Murphy USA, and other leading retail and restaurant operators, executed with efficiency and precision at scale.
• Mixed Use and Urban Development Services Complex mixed-use and urban project development services requiring sophisticated entitlement strategy, capital structuring, and design coordination for Class AA developments in high-growth markets.
• Asset Management Services Hands-on asset management from acquisition through stabilization, including value optimization through ideal tenant mix curation to ensure long-term value appreciation and community impact.
• Weir's Plaza A 12-story Class AA mixed-use tower completed in 2022 in Dallas' Knox Street district, featuring 250,000 RSF of elite office space above boutique retail and the iconic Weir's Furniture flagship, with the historic Highland Park Soda Fountain facade integrated into the design.
• Preston Sherry Plaza A renovated landmark property in Preston Center, Dallas, featuring a striking facade of reflective glass and cast stone, integrating two floors of luxury retail with five floors of elite office space.

Quantifiable outcome

• 100% leased at opening
• +1 more outcomes

Named customers7 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Three partnerships are on record, tiered core.

• Endeavor Real Estate GroupcoreStrategic or Co-development Partner · 3 March 2026Four Rivers Capital partnered with Endeavor Real Estate Group to purchase Preston Sherry Plaza property in Dallas Preston Center. The partnership involves a joint acquisition where Endeavor serves as the operating partner with Four Rivers providing capital and development expertise.
• City Partners of MesquitecoreStrategic or Co-development Partner · 2 March 2026City of Mesquite partnered with SRB Mesquite, LLC (with Four Rivers Capital as site development lead) and Elm Creek Investments to launch major redevelopment of the former Sears property at Town East Mall. The transformative project proposes to reposition the site for the next 50 years.
• Elm Creek InvestmentscoreStrategic or Co-development Partner · 2 March 2026Elm Creek Investments partnered with Four Rivers Capital and City Partners of Mesquite to revitalize the former Sears site at Town East Mall in Mesquite, Texas.

Scale indicators3 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Crow Holdings Capital: Dallas-based private equity real estate investment and development firm with similar mixed-use, build-to-suit, and value-add strategies across U.S. growth markets. Comparable as a Texas-anchored, vertically integrated PE real estate sponsor of comparable boutique-to-mid scale.
• STORE Capital: Single-tenant net lease REIT focused on middle-market and investment-grade retail, restaurant, and service tenants across the U.S. Closest publicly traded analog to the FRC Genesis Fund's single-tenant NNN investment strategy.
• NETSTREIT Corp: Public net lease REIT focused on high-quality single-tenant retail properties leased to investment-grade and creditworthy tenants. Direct comparable in tenant profile, asset type, and geographic focus on U.S. growth markets.
• Four Corners Property Trust: Public net lease REIT specializing in single-tenant restaurant and retail properties leased to leading brands. Direct comparable in single-tenant NNN strategy targeting the same retail/restaurant tenant base as FRC Genesis Fund.
• Broadstone Net Lease: Public net lease REIT diversified across industrial, restaurant, office, and retail single-tenant properties. Comparable in single-tenant NNN strategy with diversified tenant mix and U.S. geographic spread.
• National Retail Properties: Public net lease REIT focused exclusively on single-tenant retail properties leased to investment-grade and credit tenants. Direct comparable in tenant profile, lease structure, and growth-market focus.
• Hunt Realty Investments: Dallas-based private real estate investment and development firm with a long track record in commercial and mixed-use projects. Comparable as a Dallas-anchored PE real estate firm doing institutional-grade development and investment.

Broad incumbents

• Realty Income: Largest public net lease REIT with a globally diversified portfolio of single-tenant commercial properties. Broad incumbent in the NNN space that anchors institutional capital flows and sets pricing benchmarks relevant to FRC Genesis Fund.
• W. P. Carey: Diversified public net lease REIT and investment manager with global single-tenant NNN exposure across industrial, retail, and office. Broad incumbent comparable to FRC Genesis Fund's NNN strategy at much larger scale.

Regional players

• Stream Realty Partners: Dallas-headquartered commercial real estate services and investment firm with deep Texas presence across office, industrial, retail, and mixed-use. Comparable as a Dallas-rooted commercial real estate platform, though Stream is primarily a services/leasing firm rather than a PE sponsor.

Market position

Competitive moat4 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/four-rivers-capital

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 records

Funding overview

Funding rounds

Investors

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

M&A

Investments1 record

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

Frequently asked questions about Four Rivers