Ed Stacey Joins McAlister Assets as Chief Financial Officer
February 18, 2019
McAlister Assets, LLC announced today the appointment of Edward E. Stacey as Chief Financial Officer (CFO). Ed joins the McAlister Assets executive team to manage the company’s financial affairs and play a key role in execution of the company’s real estate and rail served logistic parks strategy.
Hydie McAlister, Founder and Partner said, “In the last year, McAlister Assets has grown as a private equity investment firm through real estate investments in the Houston metro and Texas market and development of rail served logistic parks in Hempstead and Taylor, Texas. With our current and projected growth, we need a strong financial team to capitalize on the number of opportunities we see in real estate and additional logistic parks. Ed’s years of experience in the media, telecommunication, technology and family office management will have an immediate impact at McAlister Assets, and he will be a key member of our management team.”
Ed brings to McAlister Assets over 37 years of financial and operational management experience with a proven track record of successfully building and leading organizations in a fast paced, changing environment. Prior to joining McAlister Assets, Ed served as Chief Financial and Operating Officer for Feliciana Corporation, a large family office in Houston. He has also served as CFO for Alpheus Communications and Clear Channel Entertainment and in senior management positions with Williams Communications Group and Compaq Computer Corporation. Ed holds a Master of Business Administration from the University of Texas and a bachelor’s degree from Hastings College.
McAlister Assets, LLC is a private equity investment firm focused principally on undeveloped land investments for long-term capital gains and industrial rail served developments in the metropolitan markets of Texas and the Sun Belt states. McAlister Assets, LLC was founded by Hydie McAlister and Sharon Beach, January 2018. Hydie McAlister’s father, Jim McAlister,Sr, formed the original McAlister Company of Houston in 1973 to acquire land parcels in the path of growth for single-family and multi-family residential, retail, and mixed use commercial growth in the greater Houston area as investments. The value of the transactions associated with McAlister Assets, LLC and the McAlister family of companies over the past 46 years, totals over $1 billion. The superior and sustainable performance of the partnerships through various economic cycles, reinforces the time-tested strategy of diversification, utilizing land as a tactical asset allocation.