42 Real Estate

What 42 Real Estate does

42 Real Estate is a Dallas, Texas-based private real estate investment and development company operating as 42 Real Estate, LLC. The firm runs two distinct but related business lines. The first is corporate build-to-suit development, in which 42 acts as full-service developer for enterprise tenants requiring purpose-built facilities, handling site selection, architecture and engineering, entitlement and permitting, construction management, financing, and project bidding through completion. The second is urban community revitalization, focused on assembling and developing properties in Dallas neighborhoods including Deep Ellum, The Cedars, and East Downtown, with a stated goal of balancing financial returns against community health outcomes.

The company has completed more than 60 build-to-suit projects across 26 US states and Canada, serving enterprise tenants in logistics (FedEx Ground, FedEx Freight), retail (Best Buy, Dick's Sporting Goods, Dollar General, Tractor Supply), fitness (24 Hour Fitness), healthcare (United Health Group), manufacturing (EFCO, ABB), and food and beverage (Kraft Foods, PepsiCo, Subway). In parallel, 42 has assembled over 55 parcels in Deep Ellum, owns or controls 12+ properties in East Downtown, and is remodeling 24 buildings in the East Downtown area, supplemented by the 42 Murals arts sponsorship program (84 murals by 75 artists across two rounds).

Revenue is generated through one-time development fees on build-to-suit mandates, property investment and disposition gains on the urban and land portfolio, and recurring property income from owned assets. Go-to-market is enterprise field sales targeting corporate tenants with specialized facility requirements, supported by limited public marketing and substantial earned media in Dallas Business Journal, D Magazine, Dallas Morning News, Bisnow, and Wall Street Journal. The firm is founder-led by Scott Rohrman (40+ years of CRE experience, 2024 NTCAR Hall of Fame inductee) alongside co-founder Andrew Morgan, with a 10-person team. The technology stack is conventional for real estate development; no AI/ML, API, or proprietary platform is documented.

Name

42 Real Estate

Legal name

42 Real Estate, LLC

Website

https://42realestate.com

Company type

Private

Founded year

2004

Operating status

Operating

Headcount range

11–50 employees

Short description

42 Real Estate is a Dallas-based private real estate investment and development firm that delivers full-service corporate build-to-suit facilities for enterprise tenants across 26 US states and Canada, while also assembling and revitalizing properties in Deep Ellum, The Cedars, and East Downtown Dallas.

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, Supply Chain, Marketing or Sales, Technology or R&D, Infrastructure

Revenue model

1. Build-to-Suit Development: Full-service development of custom facilities for corporate tenants. The company handles all aspects from site selection through construction management, allowing clients to avoid construction overruns, schedule delays, and entitlement complexities.
2. Urban Community Revitalization: Investment and development focused on maximizing community health through property acquisition, development, and community engagement in urban neighborhoods.
3. Property Investment and Disposition: Real estate investment in land and urban development properties for future retail, office, and industrial developments.

Go-to-market motion2 records

Distribution channels1 record

Marketing channels4 records

Core offering

42 Real Estate is a Dallas-based real estate investment and development company that delivers corporate build-to-suit development services—managing site selection, architecture and engineering, permitting, construction management, and financing for purpose-built facilities for corporate tenants. The firm also invests in and develops urban properties in the Deep Ellum, The Cedars, and East Downtown neighborhoods of Dallas to support community revitalization and long-term retail, office, and industrial use.

Product overview

42 Real Estate operates as an investment and development company offering two primary service lines: Build-to-Suit Development Services and Urban Community Revitalization. Build-to-Suit Development Services handle corporate construction projects from site selection through construction management. Urban Community Revitalization focuses on neighborhood development in Dallas areas including Deep Ellum, The Cedars, and East Downtown. The company also maintains an investment property portfolio of land and existing buildings for future development. The company has completed over 60 build-to-suit projects in 26 states and 2 countries.

Differentiator

Problem solved

Functional benefit

Products and services

• Build-to-Suit Development Services Full-service, turnkey development of custom facilities for corporate tenants covering site selection, architecture and engineering, site contract negotiation, project bidding, due diligence, permitting, construction management, financing, zoning, and entitlement work—delivered for Fortune 100-style clients in logistics, retail, healthcare, manufacturing, and industrial sectors.
• Urban Community Revitalization Development practice focused on maximizing community health in Dallas's Deep Ellum, The Cedars, and East Downtown neighborhoods by addressing the needs of residents, tenants, businesses, vendors, and visitors; pairs property acquisition and repositioning with community engagement (e.g., the 42 Murals arts sponsorship program) and partnerships with cities, counties, states, and agencies.
• Investment Properties Investment and development of land tracts and urban properties for future retail, office, and industrial developments, supporting the firm's build-to-suit and urban revitalization practices.

Quantifiable outcome

• Completed 60+ build-to-suit projects across 26 states and 2 countries
• +2 more outcomes

Named customers13 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

One partnership is on record.

• Cities, Counties, States, and Government AgenciescoreOthersWorking with various government entities to target incentives and assistance that generate healthy returns while providing flexibility to do what is right by the community

Scale indicators6 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• KDC Real Estate: Dallas-based corporate build-to-suit developer that performs site selection, development, and construction management for Fortune-class tenants. KDC's model and DFW base closely overlap with 42's Build-to-Suit Development Services.
• VanTrust Real Estate: Full-service real estate development company specializing in build-to-suit office, industrial, healthcare, and mixed-use projects across the U.S. VanTrust's build-to-suit focus for corporate tenants makes it a directly comparable peer to 42.
• Jackson-Shaw Company: Dallas-based real estate developer with national build-to-suit, mixed-use, and hospitality experience. Directly comparable to 42 in DWF geography and build-to-suit corporate tenant focus.
• Billingsley Company: Dallas-based developer focused on master-planned communities, mixed-use urban districts, and office/industrial build-to-suit, with heavy cultural and community programming — directly comparable to 42's urban revitalization and build-to-suit tracks.

Broad incumbents

• Trammell Crow Company: One of the largest U.S. commercial real estate developers, headquartered in Dallas, with deep industrial, office, and healthcare development practices. A broader incumbent competitor for large corporate build-to-suit mandates.
• Hillwood: Dallas-based real estate developer (Ross Perot Jr.) with major industrial, office, and mixed-use development including AllianceTexas. Comparable to 42 as a major Dallas-rooted developer competing for large corporate tenant projects.
• Lincoln Property Company: National commercial real estate firm with Dallas roots, active in office, industrial, multifamily, and mixed-use development. A broad incumbent competitor for build-to-suit work and investment property flows in DFW.

Regional players

• Crow Holdings Capital: Dallas-based real estate investment and development firm with industrial, office, and multifamily focus across the Sun Belt. Operates in overlapping Texas markets and competes for similar corporate build-to-suit opportunities.
• Holt Lunsford Commercial: Dallas-based commercial real estate firm providing brokerage, property management, and development services across North Texas. Comparable to 42 as a DFW-rooted CRE platform with overlapping corporate client base.
• Stream Realty Partners: Dallas-headquartered national commercial real estate services platform offering investment, development, leasing, and property management. Comparable DFW-based CRE platform competing for similar corporate tenant mandates.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/42-real-estate

Revenue estimate

Valuation estimate

Number of profiles

Profiles11 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 42 Real Estate