Figure: Fidelis Realty Partners
Fidelis Realty Partners has appointed new executives to launch Fidelis Residential, which focuses on multi-family development and acquisitions in Houston and other major Texas markets.
Kenady Davis joined the new business unit of the Houston-based real estate company as vice president of acquisitions, disposals and predevelopment, and Ford Allen was appointed vice president of analytics, finance and predevelopment. Trey Waggener escaped his role in the retail development of Fidelis and became a design, development and construction and vice manager.
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“Kenady, Ford and Trey were perfect for starting the housing sector, providing Fidelis with a great deal of residential experience and energy,” said Fidelis President and CEO Alan Hassenflu.
Fidelis Realty Partners owns, manages and rents over 13 million square feet of retail space, including projects such as the Meyerland Plaza, San Jacinto Marketplace, and Brookhollow Marketplace in the Houston area. We operate more than 60 hotels in 10 cities in Texas, New Mexico, Louisiana, Tennessee and Colorado.
The new team will be tasked with maximizing the retail real estate value of the company in Houston.
"People want to live near shopping and restaurants," Davis said. “The new housing division is looking for opportunities to develop apartments within Fidelis' retail projects and can leverage the value and foot traffic generated by retailers. I think it makes sense to develop both asset types in the same office. ”
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Fidelis Residential will apply an "acquisition and retention" strategy to create investments designed to generate consistent income and growth.
“We have always believed in the long-term growth and favorable business environment of the Houston area. “Fidelis has a history of forming relationships with equity partners who share the same view. We are pleased to offer our partners the opportunity to invest in a multi-family space. ”