Tuesday , 21 November 2017
Breaking News

Steve Jaggard Closing Doors of Vantex Realty Firm

HOUSTON – – Vantex Commercial Property Group, formerly Vantage Houston, is closing its Houston operation this fall, according to company president and CEO, Steve Jaggard, who has been active in Texas real estate for many years.

Vantex and its predecessor, Vantage Houston, was one of the largest industrial development groups in the Houston market. Vantex has developed over 5 million square feet of warehouse/distribution space in the
Houston, San Antonio and Austin markets over the past 10 years.

Market conditions and the emergence of REITs and institutional investors changed the operating environment for private developers, such as Vantex, Jaggard said.

“The day of the private developer putting up his own money and guaranteeing loans is pretty much over,” Jaggard said. “There is so much institutional money being raised for acquisitions and development that we cannot compete effectively in that market at the present time.”

 

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