Alamodome area: Houston Investment Firm Buys Tract

In San Antonio, Rockspring Capital, a Houston-based private equity firm, has purchased a city block of land across the street from the Alamodome stadium near downtown San Antonio.

The transaction was one of the largest real estate deals to close near the the stadium since it opened on the east side of downtown in 1993, as stated by the San Antonio Express-News.

Rockspring Capital, led by Jim McAlister IV, focuses primarily on land investments in the Texas Triangle, which is bounded by San Antonio, Dallas and Houston.

In another deal, Rockspring bought a 16.9-acre multifamily tract in New Braunfels, just north of San Antonio. The property is located by the intersection of IH-35 and FM 306, highly traveled corridors, near a highly commercial area and minutes from Schlitterbahn, one of the biggest water parks in the country.

New Braunfels, located along Interstate 35 between San Antonio and Austin, is one of the fastest growing suburban communities in the nation.