Multifamily real estate development and management firm expands to Southwest
Atlanta-based Pollack Shores Real Estate Group today announced its Southwest expansion with the launch of a new office in Dallas, Texas. Pollack Shores appointed Alex Seals, former vice president of investments at Dallas-based Rosewood Property Company, to lead the company’s efforts in the Southwest from the new office located in Preston Center. Over his career, Seals has invested in over 8,000 multifamily units throughout the Southeast and Southwest U.S.
Known for acquiring, developing, managing and investing in best-in-class multifamily communities, Pollack Shores is currently active in Atlanta, Orlando, Tampa Bay, South Florida, Raleigh, Charlotte, Nashville and Richmond. Among other projects, Pollack Shores was recently selected by the Atlanta Braves to complete the residential component of the high-profile mixed-use project, Battery Atlanta, which will anchor the soon-to-open Atlanta Braves stadium at SunTrust Park. Dallas-based Omni Hotels & Resorts will also open a hotel at SunTrust Park.
Seals’ new role will facilitate Pollack Shores’ entry into target markets including Austin, Dallas, Houston, Denver and Phoenix. Pollack Shores’ President and Co-founder Steven Shores said, “We see great demand for quality multifamily projects in Southwest markets where job and population growth outpace national averages. We have been planning to expand our Sun Belt focused investment strategy into the Southwest for quite some time, but we have always wanted to have the perfect leader for those efforts. We found that in Alex and look forward to him helping us grow our business.”
Before his position at Rosewood, Seals worked in the U.S. acquisitions team at The Carlyle Group, where he completed over a dozen deals with Pollack Shores. As part of his new role, Seals will focus on strategically growing the Southwest portfolio, including acquisitions, development, and third-party management services with Matrix Residential, its wholly owned property management subsidiary.
“In addition to developing and managing high-quality properties, Pollack Shores has a stellar reputation of partnering with institutional investors,” said Seals. “During my time at Carlyle, I experienced first-hand how Pollack Shores’ platform creates value for investors and stakeholders, and I’m thrilled with the opportunity to lead and grow its new Southwest office.”
Since opening in 2006, Pollack Shores has invested in, acquired and developed over 14,500 units representing in excess of $2 billion of total capitalization exclusively in a number of Sun Belt cities. For more information, please visit www.pollackshores.com.
About Pollack Shores Real Estate Group, LLC
Pollack Shores is an award-winning full service real estate company creating value through multifamily investment opportunities in the Southeast. Founded in 2006, the Atlanta-based company currently manages a balanced portfolio of nearly 16,000 multifamily units representing in excess of $1.3 billion in total assets. Pollack Shores fully embraces the core value of service to its community, its residents and its clients. In 2015, the National Association of Home Builders awarded Pollack Shores the prestigious title of Development Firm of the Year.
