A Year of Disciplined Growth: PlaceMKR 2025 Year-End Recap

As we close out 2025, the story at PlaceMKR is one of disciplined execution paired with long-term conviction across acquisitions, dispositions, leasing, and capital events.

Portfolio Growth

On the acquisitions front, we expanded our industrial footprint through the purchase of a 10-building portfolio in Rockwall, Texas totaling approximately 325,000 square feet across 21 acres. The portfolio was nearly 100% leased at acquisition, with rents more than 70% below FMV allowing for an incredible mark-to-market investment. The team has been able to prioritize a focused capex plan to improve durability and tenant experience for a project that had significant deferred maintenance. Work includes exterior repainting, parking lot repairs and restriping, HVAC upgrades as needed, and selective roof and foundation repairs to reduce future capital expenditure.

We also completed the disposition of a roughly 180-acre land site after securing heavy power capacity and positioning the property’s entitlements for future data center use. As part of the transaction, substantial improvements will be made to the adjoining residential neighborhood and an additional property is being dedicated to the local School District for a future Middle School. Following the sale of a similar powered land investment in 2024, this transaction marked another step in our longer-term strategy to create Data Center value through entitlement, infrastructure readiness, and targeted execution. With additional powered land investments in the pipeline, PlaceMKR remains well positioned to capitalize on the proliferation of data center activity across Texas.

Leasing & Operations

Operationally, our asset management team executed 17 leases across the portfolio representing more than 100,000 square feet and 23 leasable acres. Much of that activity came from existing relationships—renewals and expansions with current tenants. At York Creek, leasing progress continued while capital projects moved forward; the property is currently around 80% leased across the industrial park and 92% leased on the industrial outdoor storage (IOS) component.

Separately, LJA Engineering signed a new lease at La Frontera Plaza—a notable win in a challenging office leasing market. La Frontera Plaza remains 100% leased as the most prominent office asset in the heart of Round Rock’s most desirable mixed-use environment.

Milestones & Capital Strategy

2025 also marked a milestone with the completion of our first multifamily project in September, expanding both our platform and our ability to pursue diversified opportunities where fundamentals support long-term value creation.

From a capital perspective, we completed a cash-out refinance of Chapman 71 following successful lease-up and stabilization, validating the business plan and creating additional flexibility to deploy capital into future opportunities.

Team PlaceMKR

Behind the results is a growing team and consistent execution across acquisitions, leasing, and construction. This year we welcomed Austin Rios to lead asset management and promoted Joe Castillo to Senior Vice President and Grant McConnell to Director. We also saw Jason Kim move from an internship into an analyst role earlier this year.

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Looking Ahead

Taken together, these outcomes reflect how we approach the market: selective in where we invest, disciplined in how we execute, and patient in how we create value. 2025 saw us capitalize on data center demand as well as make our first significant investment in the Dallas Fort-Worth Metroplex.

As we look ahead to 2026, we remain focused on opportunities where strong fundamentals, thoughtful structuring, and active management intersect. While market conditions will continue to evolve, our commitment to local expertise, operational rigor, and long-term alignment remains unchanged. In addition to supplementing our current footholds in Central Texas and DFW, we are excited to enter new markets in the coming year.

We’re grateful for the trust of our partners and look forward to building on this momentum in the year ahead. Cheers to 2026.