On the Hunt for Commercial Assets in Texas
- Jun 23, 2015
By Liviu Oltean, Associate Editor
The legacy left behind in Texas by H.L. Hunt and his family is about to increase even further, seeing as Hunt Midwest Enterprises, Inc. and Unity Hunt Inc., the parent company for the Lamar Hunt family’s holdings, announced the launch of a new development and investment company.
Dubbed Hunt Southwest Real Estate Development L.L.C., the new firm is based in Dallas and is the family’s second real estate enterprise—the first being Hunt Midwest, which was founded in 1985. The family ranked 13th on Forbes’ 2014 America’s Richest Families list, with a total net worth of $15 billion.
According to a press statement, the new firm will focus on investment opportunities and commercial real estate development throughout Texas. At the helm of the company is Ora Reynolds, president & CEO of Hunt Midwest, and veteran Preston Herold, a real estate broker and Certified Commercial Investment Member (CCIM).
“The development and investment climate is ripe for a wide range of new projects — including multifamily, senior housing, industrial and office — and we will be focused on those opportunities where we can both apply our development expertise and invest capital,” Herold said. “I am honored to work on behalf of the Lamar Hunt family, and I look forward to raising Hunt Southwest’s commercial real estate profile in Dallas and throughout the state of Texas.”