Join us for our May CREN luncheon
Featuring John S. Moody – CEO Parkside Capital
Topic:
Market overview of Houston Real Estate with John S Moody, CEO of Parkside Capital
Thursday, May 25, 2023 11:00AM - 1:00PM
The Briar Club
2603 Timmons Ln, Houston, TX 77027
John Moody began his career as a founder of Wood, Campbell, Moody & Gibbs (1973-84) of Houston, TX. He was managing partner for several years. The firm was a full service commercial law firm with 35 attorneys in 1984. Mr. Moody was President of the Moody Corporation, a Houston based land-development Company which served as the master developer for four projects encompassing 2,500 acres and over 1,500 developed lots from 1984 – 1987. Mr. Moody then moved to New York City and became President of Paine Webber Properties (1987-91). In this capacity he was responsible for the asset management of over $3 billion of assets and the structuring, marketing, and sale of new funds to the Paine Webber retail network. He served as President and CEO of Cornerstone Properties, Inc. in 1991 as NYSE traded REIT that grew from $500 million to $4.5 billion of trophy office assets and was sold to Equity Office Properties in June 2000. The IPO investors in Cornerstone achieved an IRR in excess of 20%. Mr. Moody left Cornerstone Properties in 2000 and became president of Marsh & McLennan Realty Advisors from 2001-2004, an entity which provided global real estate services to Marsh & McLennan. He then went on to become president and CEO of HRO Asset Management (2004-05), a real estate advisory firm which acted as exclusive U.S. advisor to Commerzebank’s real estate unit (CGI). HRO Asset Management purchased $850 million of assets for CGI, which have been liquidated at an IRR in excess of 30%. Presently, he is founder of Parkside Capital, LLC (2006-Present). Parkside Capital, LLC acts as general partner to three Funds which invest exclusively in commercial land in the Houston metro area and manages assets in excess of $250 million. He has served on the Boards of Huron Consulting Group, Inc., Potlatch Corporation, Four Corner’s Property Trust (Chair), and Hines Global REIT. Mr. Moody is a graduate of Stanford University (BS) and the University of Texas (JD).
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Chef's Choice Vegetarian Plate