A California-based investment firm, Thorofare Capital Inc., has opened a new Dallas office. Thorofare Capital is a Los Angeles-based commercial real estate debt manager with offices in New York City and Miami.
The firm has originated more than $3 billion in financing since it was founded in 2010. Thorofare Capital specializes in value-add and opportunistic acquisitions, recapitalizations and distressed debt transaction.
The company leased a new office in Dallas’ Uptown district at 1919 McKinney Ave.
Jonathan D. Hart has joined the company as director of originations in the new Dallas office. Hart previously worked at the Dallas office for Madison Realty Capital, a New York City-based real estate debt and equity investment firm.
“We are excited to welcome Jon and open our Texas office in Dallas,” Thorofare CEO Kevin Miller said in a statement. “As we continue to scale our platform, recruiting well-rounded investment professionals to service the needs of both our investors and our borrower clients, remains key to our mission.”
Thorofare is just the latest investment firm to set up shop in the Dallas area.
New York-based Fortress Investment group is opening a large office in the new Weir’s Plaza tower north of downtown Dallas.
And global investment manager Vanguard recently selected Plano for its fifth U.S. office.
Also, investment giant Goldman Sachs is working on a huge new regional office to be located near downtown Dallas that will eventually house thousands of workers.