Proven Leadership. Trusted Execution.
Backed by decades of experience in residential development, our team has built long-standing relationships with home builders, engineers, and municipalities across the Houston market.
Backed by decades of experience in residential development, our team has built long-standing relationships with home builders, engineers, and the local municipalities across the Houston market.
Tom has spent the last 23 years in the residential construction and development industry, mainly focusing on the development of residential lots for production and custom homebuilders. Tom has extensive experience working with homebuilders and Municipal Utility Districts. His long-standing relationships with key commercial real estate and engineering companies position OpenAcre ideally for the growing Houston real estate market.
Tom Hargrove
Tom has spent the last 23 years in the residential construction and development industry, mainly focusing on the development of residential lots for production and custom homebuilders. Tom has extensive experience working with homebuilders and Municipal Utility Districts. His long-standing relationships with key commercial real estate and engineering companies positions OpenAcre ideally for the growing Houston real estate market.
Tom Hargrove
Tom has spent the last 23 years in the residential construction and development industry, mainly focusing on the development of residential lots for production and custom homebuilders. Tom has extensive experience working with homebuilders and Municipal Utility Districts. His long-standing relationships with key commercial real estate and engineering companies position OpenAcre ideally for the growing Houston real estate market.
Tom Hargrove
Brian is a graduate of Texas A&M, has spent the last twelve years in the world of financial management. Brian spent five years as a partner/owner in a business valuation services and management consulting firm with a primary focus on the brokerage of dental and medical practices.
Brian McGown
Brian is a graduate of Texas A&M, has spent the last twelve years in the world of financial management. Brian spent five years as a partner/owner in a business valuation services and management consulting firm with a primary focus on the brokerage of dental and medical practices.
Brian McGown
Patrick is a seasoned entrepreneur with over 30 years of experience building and scaling businesses across multiple industries. He has helped launch and fund more than 10 companies, including a successful commercial real estate firm, and serves on multiple boards, providing strategic oversight.
Patrick Stolle
Patrick is a seasoned entrepreneur with over 30 years of experience building and scaling businesses across multiple industries. He has helped launch and fund more than 10 companies, including a successful commercial real estate firm, and serves on multiple boards, providing strategic oversight.
Patrick Stolle
Colin is a multi-exit entrepreneur with 10+ years in sales, partnerships, and legal-facing experience, with a focus on deal structuring, negotiations, and capital raising through strong relationship networks.
Colin McWatters
Colin is a multi-exit entrepreneur with 10+ years in sales, partnerships, and legal-facing experience, with a focus on deal structuring, negotiations, and capital raising through strong relationship networks.
Colin McWatters
Matt is an engineer turned entrepreneur. with 10+ years in content, branding, and project execution, focused on investor positioning, deal marketing, and capital raising.
Matt Mitcham
Matt is an engineer turned entrepreneur. with 10+ years in content, branding, and project execution, focused on investor positioning, deal marketing, and capital raising.
Matt Mitcham
FAQ's
Have Questions?
Helpful responses covering buying, selling, renting, investing, and property management essentials
What is the expected investment timeline?
Most OpenAcre developments are structured around an approximately three-year lifecycle. This timeline includes land acquisition, entitlements, infrastructure development, and final lot sales to homebuilders. Investor capital is returned as finished homesites are sold.
How do investors receive returns?
Investors typically receive a preferred return, with profits distributed as the project generates revenue from lot sales. Once investors receive their preferred return and capital back, additional profits are shared according to the partnership structure.
What risks are involved in land development?
Like any real estate investment, development projects carry risks including market conditions, construction costs, and development timelines. OpenAcre mitigates these risks through careful site selection, experienced development partners, and established relationships with homebuilders.
Who builds the homes on the lots?
OpenAcre focuses on developing finished homesites, which are then sold to regional and national homebuilders who construct the homes. This approach allows the company to focus on land development while builders focus on home construction.
How are development projects financed?
Projects are typically financed through a combination of investor equity and infrastructure financing. In Texas, development infrastructure may also be supported through Municipal Utility District (MUD) financing and bond reimbursements, which help fund roads, utilities, and drainage systems.
How will investors receive updates?
Investors receive regular updates through the OpenAcre investor portal, where they can track project progress, access documents, review financial updates, and monitor distributions.
FAQ's
Have Questions?
Helpful responses covering buying, selling, renting, investing, and property management essentials
What is the expected investment timeline?
Most OpenAcre developments are structured around an approximately three-year lifecycle. This timeline includes land acquisition, entitlements, infrastructure development, and final lot sales to homebuilders. Investor capital is returned as finished homesites are sold.
How do investors receive returns?
Investors typically receive a preferred return, with profits distributed as the project generates revenue from lot sales. Once investors receive their preferred return and capital back, additional profits are shared according to the partnership structure.
What risks are involved in land development?
Like any real estate investment, development projects carry risks including market conditions, construction costs, and development timelines. OpenAcre mitigates these risks through careful site selection, experienced development partners, and established relationships with homebuilders.
Who builds the homes on the lots?
OpenAcre focuses on developing finished homesites, which are then sold to regional and national homebuilders who construct the homes. This approach allows the company to focus on land development while builders focus on home construction.
How are development projects financed?
Projects are typically financed through a combination of investor equity and infrastructure financing. In Texas, development infrastructure may also be supported through Municipal Utility District (MUD) financing and bond reimbursements, which help fund roads, utilities, and drainage systems.
How will investors receive updates?
Investors receive regular updates through the OpenAcre investor portal, where they can track project progress, access documents, review financial updates, and monitor distributions.
FAQ's
Have Questions?
Helpful responses covering buying, selling, renting, investing, and property management essentials
What is the expected investment timeline?
Most OpenAcre developments are structured around an approximately three-year lifecycle. This timeline includes land acquisition, entitlements, infrastructure development, and final lot sales to homebuilders. Investor capital is returned as finished homesites are sold.
How do investors receive returns?
Investors typically receive a preferred return, with profits distributed as the project generates revenue from lot sales. Once investors receive their preferred return and capital back, additional profits are shared according to the partnership structure.
What risks are involved in land development?
Like any real estate investment, development projects carry risks including market conditions, construction costs, and development timelines. OpenAcre mitigates these risks through careful site selection, experienced development partners, and established relationships with homebuilders.
Who builds the homes on the lots?
OpenAcre focuses on developing finished homesites, which are then sold to regional and national homebuilders who construct the homes. This approach allows the company to focus on land development while builders focus on home construction.
How are development projects financed?
Projects are typically financed through a combination of investor equity and infrastructure financing. In Texas, development infrastructure may also be supported through Municipal Utility District (MUD) financing and bond reimbursements, which help fund roads, utilities, and drainage systems.
How will investors receive updates?
Investors receive regular updates through the OpenAcre investor portal, where they can track project progress, access documents, review financial updates, and monitor distributions.