Noble Capital JV Launches $250M Texas Fund

By Scott Baltic, Contributing Editor

Noble Capital, of Austin, and US Capital Partners, through its private securities division, US Capital Global Securities, have launched a $250 million real estate fund that will focus on opportunities in Texas, Noble Capital announced Tuesday.

Charles Towle

The fund, the US Capital/Noble Capital Texas Real Estate Income Fund LP, a/k/a the Signature Fund, reportedly will both increase capacity for Noble Capital’s borrower network and provide “a much greater level of sophistication for individuals and family offices looking to invest in the lucrative Texas real estate market.”

US Capital Investment Management, an affiliate of US Capital, will serve as the new fund’s general partner, leveraging Noble Capital’s existing platform of integrated Texas real estate companies to originate, structure and service the fund’s investments.

The Signature Fund will focus on major areas such as Austin, Houston, San Antonio and Dallas/Fort Worth. The announcement cited a March 2016 U.S. Census Bureau report that these four Texas metro areas together had added more than 400,000 in population in the previous year, more than any state in the nation except for Texas itself.

“We are thrilled to be partnering with Noble Capital on this exciting venture focused on the thriving Texas real estate market,” Charles Towle, managing partner with US Capital, said in a prepared statement. “Noble Capital has extensive experience and a notable track record in the market, which will bring unique value to investors in the Fund.”

Chris Ragland

“US Capital has proven expertise in the fund management space and we are delighted to be partnering with them on this unique initiative,” added Chris Ragland, Noble Capital’s CEO. “This Fund launch represents the next phase in our company’s growth and transformation. We realize that timeliness is a critical component in the real estate sector and this fund will enable us to deploy capital more quickly and efficiently….”

Noble Capital did not reply to Commercial Property Executive’s request for additional information.