What CapRidge Partners does

CapRidge Partners is a privately held, vertically integrated commercial real estate investment and management firm founded in 2012 and headquartered in Austin, Texas. The firm raises capital from institutional investors, family offices, and high net worth individuals through a series of closed-end private equity real estate funds (Value Fund I, Value Fund II, Value Fund III, and the Industrial Fund / Fund IV), and deploys that capital into value-add office, flex, and light industrial properties across nine of America's fastest-growing cities: Austin, Houston, Dallas, Nashville, Charlotte, Raleigh-Durham, Atlanta, Denver, and Phoenix. Since founding, CapRidge has completed over $2 billion in acquisitions, dispositions, and financing transactions across these markets.

The firm operates a vertically integrated platform comprising five in-house functions: an Investment Committee that requires unanimous approval for all major decisions, an Acquisitions and Asset Management team, an Investor Relations team, a Property Management team, and an Engineering and Project Advisory team. Property management is handled through a wholly owned subsidiary, CapRidge Management, LLC. The firm differentiates itself through long-tenured broker, lender, and owner relationships in target markets, a leadership team with 100+ years of combined real estate investment experience, and hands-on asset management that the firm claims drives tenant retention and value appreciation.

CapRidge generates revenue from three streams: recurring asset management fees on assets under management, transaction-based acquisition and disposition fees on portfolio deals, and profits from the sale of owned properties (e.g., the 2025 sale of DeKalb Technology Center for $41.6 million, generating an estimated ~34% gross return over roughly three years). The firm is founder-owned, with co-founders Tom Stacy (Founder) and Steve LeBlanc, supported by Kevin Black (COO & Partner) and Dan Terpening (CIO), and employs 101-250 people across its operating geographies.

Name

CapRidge Partners

Legal name

CapRidge Partners LLC

Website

https://capridgepartners.com

Company type

Private

Founded year

2012

Operating status

Operating

Headcount range

101–250 employees

Short description

CapRidge Partners is a vertically integrated Austin-based commercial real estate investment firm that manages four private equity funds focused on value-add office, flex, and light industrial properties across nine high-growth U.S. cities, serving institutional investors, family offices, and high net worth individuals.

Ownership category

akta.pro rank

Product category

Commercial Real Estate Investment Management

NAICS

Other Financial Investment Activities (5239), Other Investment Pools and Funds (5259)

SIC

Investors, Nec (6799), Real Estate Dealers (For Their Own Account) (6532)

akta.pro primary industry

Real Estate Funds — Opportunistic / Development (FSANAEAI)

akta.pro secondary industry

Real Estate Portfolio & Fund Management (Institutional/REIT/PE) (BPAJAMAJ)

Keywords

• Commercial real estate investment
• Property management services
• Value-add real estate
• Real estate fund management
• Project advisory services

Headquarters

HQ city

Austin

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales

Revenue model

1. Asset Management Fees: Ongoing management fees charged on assets under management as part of fund operations.
2. Acquisition and Disposition Fees: Transaction-based fees from acquiring and selling portfolio assets on behalf of investment funds.
3. Real Estate Property Sales: Profits from the sale of owned properties such as DeKalb Technology Center ($41.6M sale, purchased for over $31M in June 2022) and other portfolio assets.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Core offering

CapRidge Partners raises capital from institutional investors and high net worth individuals through private equity real estate funds (Fund I, Fund II, Fund III, and Industrial Fund), then acquires, repositions, manages, and sells value-add office, flex, and light industrial properties in nine U.S. growth markets. The firm also provides in-house property management and engineering/project advisory services to its owned portfolio.

Product overview

CapRidge Partners is a vertically integrated commercial real estate investment and management firm offering four value-add investment funds (Fund I, Fund II, Fund III, and Industrial Fund) targeting office, flex, and light industrial properties in nine of America's fastest-growing cities. The firm's core offerings include investment management services (acquisitions, financing, asset management, dispositions) and property services (property management and project advisory). The company manages assets throughout their full lifecycle, from sourcing through sale, distributing equity and profits to investors.

Differentiator

Problem solved

Functional benefit

Products and services

• Value Fund I
• Value Fund II
• Value Fund III
• Industrial Fund (Fund IV) Dedicated light industrial and flex property investment fund focusing on small-bay industrial assets in CapRidge's high-growth U.S. markets, available to institutional and accredited investors.
• Property Management Services Full-service property management including tenant relations, maintenance, and operations oversight for assets in CapRidge's owned portfolio and select third-party assets.
• Project Advisory Services Engineering and construction advisory services covering tenant improvement projects, capital improvements, and project oversight for commercial real estate assets.
• Investment Management Services Acquisition, financing, asset management, and disposition services for commercial real estate investments managed on behalf of the firm's fund investors.

Named customers5 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

Feature1 record

Partnerships

Seven partnerships are on record, tiered core and minor.

• JLLcoreChannel Partner/ Reseller/ Distributor · 23 January 2026Represented the seller (BCA Industrial Partners LLC and Growth Capital Partners) in marketing and selling Scottsdale Crossing industrial property to CapRidge Partners. Witt Westbrook, senior director of capital markets at JLL, marketed the property.
• BCA Industrial Partners LLCminorChannel Partner/ Reseller/ Distributor · 22 January 2026Miami-based real estate investment firm that sold industrial property at Scottsdale Crossing to CapRidge Partners for $6.75 million.
• Growth Capital PartnersminorChannel Partner/ Reseller/ Distributor · 22 January 2026Alabama-based industrial real estate developer and manager that co-sold Scottsdale Crossing industrial property to CapRidge Partners alongside BCA Industrial Partners LLC.
• Oakley Real Estate PartnerscoreChannel Partner/ Reseller/ Distributor · 10 September 2025Reid Hanner and Jordan Camp, formerly of Foundry Commercial, now at Oakley Real Estate Partners, secured tenants at DeKalb Technology Center. Tom Shafer, Chase Mathews and John Hinson with OnPace Partners secured the buyer (SunCap Real Estate Investments).
• Stream Realty PartnerscoreChannel Partner/ Reseller/ Distributor · 12 June 2023National commercial real estate firm handling leasing assignments for properties acquired from CapRidge Partners. Awarded leasing assignment for 12012 Wickchester from Woodside. Handled 80,000+ SF of leases at Memorial Tower One, Two, and Woodway Tower on behalf of CapRidge.
• NewmarkcoreChannel Partner/ Reseller/ Distributor · 1 March 2023Brokered the sale of Crestview Tower, a 262,962 SF office building in Irving's Las Colinas district. Newmark's Robert Hill, Chris Murphy, Gary Carr and Chase Tagen represented CapRidge Partners as seller.
• Foundry CommercialcoreChannel Partner/ Reseller/ Distributor · 1 June 2022Represented CapRidge Partners in the acquisition of DeKalb Technology Center, an eight-building, 285,000 SF flex park in Atlanta. Also represented CapRidge in acquiring four business parks totaling close to 500,000 square feet for the shallow-bay industrial venture launched in 2021.

Scale indicators6 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Crow Holdings Capital: Texas-based real estate investment manager with a vertically integrated value-add strategy spanning office, industrial, and multifamily across U.S. growth markets. Directly comparable to CapRidge in fund structure, asset class mix, and Sun Belt geographic focus.
• Westmount Realty Capital: Dallas-based value-add commercial real estate investment manager with multiple closed-end funds targeting office and industrial assets across the U.S. Sun Belt. Closely comparable to CapRidge on fund structure, asset class mix, and target geography.
• Boxer Property: Houston-based vertically integrated commercial real estate owner-operator managing office and industrial assets across multiple Sun Belt markets. Comparable to CapRidge's vertically integrated platform and Texas/Sun Belt geographic focus.
• Hillwood Investment Properties: Dallas-based real estate investment manager (Ross Perot Jr.) focused on industrial, office, and residential in high-growth U.S. markets. Comparable to CapRidge in fund-driven value-add strategy and Sun Belt market selection.
• Taurus Investment Holdings: Boston-based real estate investment manager running multiple value-add funds across office, multifamily, and industrial in U.S. growth markets. Comparable to CapRidge in multi-fund platform structure and value-add strategy.

Broad incumbents

• Clarion Partners: Large diversified U.S. real estate investment manager (Franklin Templeton affiliate) with value-add, core, and core-plus strategies across multiple property types. A scaled incumbent comparable to CapRidge's strategy but operating with materially larger AUM.
• Stockbridge Capital Group: San Francisco-based institutional real estate investment manager operating value-add, core, and debt strategies across U.S. markets. Comparable strategy type but at a larger, multi-strategy platform scale.
• AEW Capital Management: Boston-based global real estate investment manager (Natixis affiliate) with core, value-add, and opportunistic strategies. Comparable strategy set but operates at materially larger scale than CapRidge.
• Westbrook Partners: Globally active value-add real estate investment manager with significant U.S. office and industrial exposure. Comparable to CapRidge's value-add orientation but at meaningfully larger asset and platform scale.

Others

• JLL Capital Markets: Global commercial real estate services and investment sales platform. Functions as both a transaction counterparty to CapRidge (brokered the Scottsdale Crossing acquisition) and a competing capital-markets advisor for similar investors.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 records

Subsidiaries1 record

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 CapRidge Partners