About
Brief heading about the company, partners, and/or experience
What We Do
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Steve Lipscomb
Founder
A short sentence that summarizes key theme/important fact about career and background.
Steve Lipscomb
Steve Lipscomb
Founder
Prior to founding LRIC Properties, Lipscomb cofounded Velocis Fund I in 2010, a Dallas-based private equity real estate investment company, and was involved in the acquisition, financing and asset management of 15 properties that total more than $300 million in assets under management. Included in this was the acquisition of 4 shopping centers totaling $117 million in acquisition costs. From 2001 to 2010 he was the National Director of Archon Retail, a Goldman Sachs Company, where he was responsible for the company’s overall acquisition, development and asset management of retail properties. Under his direction, Archon Retail grew to include five regional offices across the U.S. and a team of over 20 real estate professionals. During this time he was responsible for development and redevelopment of over four million square feet of shopping centers.
Prior to his tenure with Archon/Goldman Sachs, Lipscomb developed numerous shopping centers across the U.S. as a development partner with North American Properties (1992-1999) and Lincoln Property Company (1980-1989). During that time frame he developed over 15 shopping centers and numerous single tenant build to suitsm.
Steve Lipscomb
Founder
A short sentence that summarizes key theme/important fact about career and background.
Steve Lipscomb
Steve Lipscomb
Founder
Prior to founding LRIC Properties, Lipscomb cofounded Velocis Fund I in 2010, a Dallas-based private equity real estate investment company, and was involved in the acquisition, financing and asset management of 15 properties that total more than $300 million in assets under management. Included in this was the acquisition of 4 shopping centers totaling $117 million in acquisition costs. From 2001 to 2010 he was the National Director of Archon Retail, a Goldman Sachs Company, where he was responsible for the company’s overall acquisition, development and asset management of retail properties. Under his direction, Archon Retail grew to include five regional offices across the U.S. and a team of over 20 real estate professionals. During this time he was responsible for development and redevelopment of over four million square feet of shopping centers.
Prior to his tenure with Archon/Goldman Sachs, Lipscomb developed numerous shopping centers across the U.S. as a development partner with North American Properties (1992-1999) and Lincoln Property Company (1980-1989). During that time frame he developed over 15 shopping centers and numerous single tenant build to suitsm.
Steve Lipscomb
Founder
A short sentence that summarizes key theme/important fact about career and background.
Steve Lipscomb
Steve Lipscomb
Founder
Prior to founding LRIC Properties, Lipscomb cofounded Velocis Fund I in 2010, a Dallas-based private equity real estate investment company, and was involved in the acquisition, financing and asset management of 15 properties that total more than $300 million in assets under management. Included in this was the acquisition of 4 shopping centers totaling $117 million in acquisition costs. From 2001 to 2010 he was the National Director of Archon Retail, a Goldman Sachs Company, where he was responsible for the company’s overall acquisition, development and asset management of retail properties. Under his direction, Archon Retail grew to include five regional offices across the U.S. and a team of over 20 real estate professionals. During this time he was responsible for development and redevelopment of over four million square feet of shopping centers.
Prior to his tenure with Archon/Goldman Sachs, Lipscomb developed numerous shopping centers across the U.S. as a development partner with North American Properties (1992-1999) and Lincoln Property Company (1980-1989). During that time frame he developed over 15 shopping centers and numerous single tenant build to suitsm.
Avg Occupancy 92%
Retail SQFT Developed 42mil
Closed Real Estate Debt $2bil
Is “Retail Is Dying”?
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Opportunities in Texas
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