A property management company was acquired by a Dallas firm in late February, as part of Rogers Healy’s exit from real estate.
Healy Property Management, part of The Rogers Healy Companies portfolio, was acquired by Century 21 Judge Fite Property Management, a company that has been in the Dallas-Fort Worth area for about 89 years.
The acquisition is the second change to the company, following an announcement that the real estate firm Rogers Healy and Associates had turned over its operations to Compass, a New York-based firm expanding in the Dallas area.
Rogers Healy announced the acquisition of the property management company on his Instagram page last week. Jim Fite, CEO of Century 21 Judge Fite Company, said Healy raised the idea about a year ago, and then decided the transaction would take place about a month ago. The transaction occurred Feb. 27, Fite said.
D-FW Real Estate News
Healy Property Management managed a total of 134 units. Meanwhile, Century 21 Judge Fite Property Management manages over 2,000 units following the acquisition, Fite said. Terms of the deal were not disclosed.
“We’ve been working toward this 2,000-door mark for quite a while,” Fite said. “As you can imagine, when you hit 1,000, it takes a while to get to 2,000 and then when you hit 2,000 it’s going to take a while to get to 3,000. But that’s a pretty big milestone.”
The majority of Healy Property Management’s properties were in North Dallas and Uptown, Fite said.
In a previous news release about the shift to Compass, Healy said this isn’t a farewell, but a new chapter.
Healy is focusing on a venture capital company called Morrison Seger Venture Capital Partners. The firm has investments in companies like Scooter’s Coffee, Waterloo Sparkling Water and several AI firms.
Design District office lands new leases
The Capital Design District, a recently re-branded Class A office building at 1333 Oak Lawn Ave., has landed new tenants.
Owners HFI Capital Management and Quadrant Investment Properties announced the four new leases last week.
The new tenants include:
Beam Reach – 9,685 square feet on the sixth floor.Webs Creek Capital – 6,811 square feet on the seventh floor.Ninth Floor Partners – 8,002 square feet combined on the eighth floor.
HFI Capital will relocate its offices from Old Parkland, and take more than 23,000 square feet at the building.
HFI Capital and Quadrant purchased the 10-story office building in September 2025. The property was completed in 2024, and features five floors of office space.
HFI Capital Management is the family office of Ken Hersh, former president and CEO of the George W. Bush Presidential Center.
Home equity shift
Texas homes lost equity while states to the north saw gains, according to a new report.
Texans had an average decrease in home equity of about $19,000 year over year, according to property analytics company Cotality. The report measured homeowner equity between the fourth quarters of 2024 and 2025.
The average equity per homeowner is about $184,000 in Texas, lower than in most states, especially those closer to the coasts.
D-FW homeowners have an average home equity of about $228,000, nearly a 8% decrease year over year, according to Cotality data.
Other states across the southern half of the United States also tended to lose home equity. The average borrower had an equity decrease of about $8,500 over the period reviewed in the report. That leaves the average borrower with about $295,000 in accumulated home equity.
North Texas court temporarily blocks efforts to support controversial ‘EPIC City’ project
A North Texas judge sided with Texas Attorney General Ken Paxton in his fight against a Muslim-centric development.
New home sales plunge in January, hit lowest since 2022 as weather drags on sales
Snowstorms and frigid temperatures walloped large parts of the country in January.