Mark Jordan and Kevin White have launched State Of Texas Real Estate Fund (STXRE), which is planning to raise $150 million for commercial property acquisitions in Texas, Montreal Gazette reports. The investment fund will mostly invest in high quality distressed office, industrial and raw land in Austin, Dallas, Houston and San Antonio.

The duo is managing directors of STXRE. Jordan is owner of JP Realty Partners and Sooner National Property Management, while White is CEO of KGW Real Estate and KGW Capital Management.

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