Bell Nunnally represented S2 Capital in its recently completed acquisition of industrial real estate owner and operator Fort Capital. The deal team was led by Partner Jonathan S. Farrokhnia and included partners Dania Duncan Moreno, Kristopher D. Hill, Senior Associate Joshua T. Smith and associates Kimberly A. Cruz, Matthew J. DeWitte.

Dallas-based S2 is a real estate investment platform specializing in multifamily and industrial across value-add and core-plus strategies. S2, with nearly $11B in transaction volume, has acquired and operated over 50,000 multifamily units, maintaining a fully integrated platform that encompasses acquisitions, development, capital formation, construction, asset management and property management.

Fort Worth, Tex.-based Fort Capital currently owns and manages over 11 million square feet of high-performing assets, driven by its disciplined investment strategy, deep market knowledge and long-standing relationships with tenants, brokers and capital partners.

“Our vision is to build an industrial platform that matches the scale and operational excellence S2 is known for in residential,” said Chris Roach, President of S2 Industrial in a press release announcing the deal. “Adding Fort to our platform accelerates that vision — their talented team complements ours culturally, and their portfolio grants us immediate scale to compete in this competitive sector.”

In a Fort Worth Inc. article on the deal, Fort Capital founder Chris Powers commented, “We’ve always prided ourselves on being entrepreneurial, strategic, and forward-thinking — and those values are deeply aligned with S2’s approach. This partnership supercharges what both platforms can accomplish.