Fort Capital Announces Promotion of Steve Bailey to President of FCP Management — Fort Capital’s Property Management Division
BISWIRE/Aug. 17, 2023 — Fort Capital, a privately-owned real estate investment firm, is pleased to announce the promotion of Steve Bailey to President of FCP Management, the company's property management division. This significant elevation reflects Bailey's remarkable leadership, unwavering commitment, and substantial contributions to the company since joining in 2019.
Bailey has been a driving force behind critical business strategies and has consistently delivered superior service to Fort Capital’s team and tenants. His leadership was pivotal in launching the company’s in-house Property Management division, a challenging feat accomplished amidst a global pandemic.
Bailey’s contributions to FCP Management have been transformative, including:
- Building and Leading a Robust Team: Hiring and leading a team of 20+ dedicated FCP Management team members in Property Management, Leasing, and Lease Administration.
- Expanding Portfolio Management: Overseeing a 7.2 million square foot portfolio spread across 260+ buildings and housing 1,500+ tenants, including internal and third-party business.
- Growing Third-Party Business: Increasing the third-party Property Management business to nearly 1.5 million square feet.
- Enhancing Asset Performance: Leading FCP Management on a trajectory to achieve a revenue increase of over 200% in 2023 compared to 2022.
In his new role as President, Bailey will continue to lead FCP Management with the same strategic vision and dedication that have made him an integral part of the Fort Capital team. He will also focus on building out the leadership and management of the FCP team, fostering an environment that encourages growth and enables others to strive for advancement.
"Steve's leadership and commitment to our Core Values have played a significant role in our success," said Jason Baxter, CEO of Fort Capital. "I am thrilled to see where his guidance will take us in the future. I am confident that under his leadership, FCP Management will continue to thrive and reach new heights."
ABOUT FORT CAPITAL & FCP MANAGEMENT
Fort Capital is a privately-owned real estate investment firm based in Fort Worth, TX with a track record of transacting on more than $2.1 billion in assets throughout Texas, Florida, and Tennessee. Named the 39th fastest-growing real estate company in America on the Inc. 5000 list, Fort Capital’s mission is to acquire prime real estate, operate with excellence, and deliver exceptional returns to all stakeholders.
FCP Management is Fort Capital’s full-service property management division specialized in managing Class B Industrial properties. Dedicated to operational excellence, they aim to bridge the gap between property owners and tenants, focusing on maximizing efficiency and enhancing the tenant experience.
For more information, visit www.FortCapitalLP.com.
