Statistics

Current Investments

Given the current investment climate nationwide, and particularly in the Texas Market, Stroud Companies seized the opportunity to diversify our investment portfolio starting in 2010-2011. Seeing the low interest rate environment, low Seniors Housing vacancy, the drastic drawback in energy pricing as well as the appetite for multifamily units, we reevaluate our investment timeline and portfolio mix three to four times per year. With this approach, our portfolio company mix may change from very narrow to extremely diverse. The current political environment and deregulation has pushed our current thinking of public equities and energy further out on the positive spectrum. Looking forward, we expect at least 4-5 years of significant National and sector growth. As we combine this mentality with our consumable brands acquisition and disposition strategy, we expect strong double-digit annual returns and increased annual yields.

Current Investments

  • Kalkriese Capital

    Stroud Companies was a founding Partner with Kalkriese Capital, an Absolute return focused, long/short Hedge Fund specializing in US Based, Small and Mid Cap companies.  We believe that the deflationary base in the market today is unexamined and this funds focus on Energy and Real Estate position it perfectly for the market and interest rate environments we are seeing.

  • Chef's Cut Real Jerky

    Chef Cut Real Jerky is a follow-on investment from 2015, now in their Series A round. The brand has consistently shown remarkable growth and diversification of products as they also increase sales in the original product. Over the 2014-2016 timeframe, Chef Cut experienced the highest growth of any jerky company with 434% revenue growth, regardless of product quality.  The market reception to jerky has been truly staggering, with multiple media outlets bringing Chef Cut on as a feature story. NFL star Von Miller, People Magazine, Access Hollywood, Olivia Munn and many others feature the brand regularly across multiple media outlets.

  • Secur, LLC

    A growth capital investment to a proven management team in the hazardous waste disposal and logistics business. Using the management teams existing relationships with the US Department of Energy, Army Corps of Engineers, Fortune 50 public Companies as well as public entities that create hazardous waste, SECUR will operate across all waste creators with a focus on the most complex and higher margin business lines.

  • Celis Brewery

    A seed round investment is the resurrection of Austin, Texas’ orginal craft brewery. The previous brand was started in 1992 by the late Pierre Celis, purchased by Miller Brewing company in the late 1990’s, was shuttered, and then the Intellectual property, name and recipes were purchased by the investment group. Today, Celis Brewery looks to continue the legacy of its founder and the art of Craft Beer with nationwide distribution. You can read more about the brewery here: https://www.celisbeers.com/

  • Commonwealth Joe Coffee

    Stroud invested in the Seed Round of funding in Commonwealth Joe Coffee, as they realign from retail focused boutique coffee roaster to the premier Nitro Cold Brew delivery company focused in the northeast United States.
    Learn More >

  • Skybox Legacy Data Center

    An early 2016 investment in a powered shell data center in the booming Legacy market of Plano, TX.

  • Permian Controls

    Outfield Automation company, Permian Controls, was purchased during the 2016 oil price crash.

  • HIMS

    An investment in the subscription based, branded diagnostic platform for Men’s Health and preventative self-care.  Invested alongside several prominent VC funds and family offices, including Peter Thiel (Wikipedia), Thrive Capital (Kushner Family), Founders Fund and Forerunner Ventures. https://www.forhims.com/

  • Wildlife Partners

    An investment in the most innovative animal conservation business in the united States. We directly purchase, breed, cares for and sells exotics and super exotic hoofstock at 2 ranches in Texas to Nationwide customers, including many internationally prominent zoos, ranches and government bodies who seek to preserve these endangered and sometime extinct in the wild species.   http://wildlifepartners.com/

  • Sonoma House

    A real estate development in the Senior Housing sector to provide state of the art assisted living, memory care and respite care to senior adults.  sonomahouseal.com.

  • Premier Media Holdings

  • Good Culture

    A series of investments in the “Better for You” food industry,  Good Culture Cottage Cheese has grown sales by 650% since our first investment. Good Culture makes the best Certified organic cottage cheese available, that is both high in Nutrients and packed with proteins.  The company is staged to add to the product lines with probiotic snack bars and probiotic shots for gut and immune system strength.

    Learn more at https://www.goodculture.com/about/

Realized Investments

  • Orchard Park

    The Orchard was developed a ground up, stand-alone Assisted Living and Alzheimer’s community which opened in January of 2015 in the Houston suburb of Katy, TX.  After a rapid lease up and stabilization at 100% occupancy, the Community was sold in 2017 to an operating REIT for more than a 5X multiple on cash invested.  A controlling joint venture investment to develop and own 5 Assisted Living and Alzheimer’s communities in Texas using Nonrecourse assumable HUD debt.

  • Bai Brands

    Exit of Bai Brands investment through a sale to Dr. Pepper-Snapple Group with a 2.9x multiple on Cash.

  • East Hampton

    East Hampton Sandwich Company in Snider Plaza opens, followed by 3 other stores. Voted "Best Sandwich Shop" by D Magazine. The investment was sold back to management in 2015.

  • Prudential Real Estate Investors

    A joint venture investment to develop and own 3 senior living facilities for $67 million and a second joint venture investment to acquire 4 senior living facilities for $77 million.

  • Phoenix Capital Partners

    An ongoing Investment in over 15 individual joint ventures and 7 funds to develop and acquire apartments and commercial properties in a multi-state area of $450 million.

  • GE Healthcare Financial Services

    An investment in two joint ventures to acquire 8 senior living facilities in a multi-state area for $85 million.

  • Independent Living Mortgage

    Independent Living Mortgage

    An investment in debt of 8 senior living facilities of $98 million. The investment was converted to fee ownership and partially sold in a sale/leaseback in 2005/2006.

  • Triad Senior Living

    A joint venture investment to develop and own 19 senior living facilities for $196 million. The investment was sold in a partnership buyout in 2003/2004.

  • Trophy Club

    A joint venture investment to acquire 1,250 acres of residential and retail land in Trophy Club, Texas for $11 million.

  • BEI Management

    BEI Management

    An investment in an existing commercial property manager of 5,000,000 square feet of office/retail properties in a multi-state area. The investment was rolled up and sold in 1994.

  • Blackstone Real Estate Advisors

    A joint venture investment to acquire 1,200 senior living units for $74 million. The investment was sold in a sale/leaseback in 2005.

  • Indian Creek

    Indian Creek

    A joint venture investment with Woodbine Development Corp. to acquire 1,285 acres of residential and retail land in Carrollton, Texas for $12 million. The investment was sold after significant improvements in 1993.

  • NHP Retirement Housing Partners

    NHP Retirement Housing Partners

    An investment in equity and debt of an existing company owning 5 senior living facilities of $85 million in a multi-state area. The investment was sold in a 1997 IPO.

  • Capital Senior Living

    An investment in a start-up company now listed on NYSE as one of the country’s largest operators of senior living facilities. The initial investment was monetized in a $140 million IPO in 1997, with ongoing stock ownership.

  • McCombs

    McCombs

    An investment in an existing property manager and syndicator of 30 properties representing $250 million in a multi-state area. The investment was rolled up and sold in 1994.

  • Retirement Living Tax-Exempt Mortgage Fund

    Retirement Living Tax-Exempt Mortgage Fund

    An investment in debt of 6 senior living/apartment facilities of $32 million. The investment was converted to fee ownership and sold in a 1997 IPO.

  • Equity Management Corportation

    An investment in an existing property manager and syndicator of 3,000 apartments representing $180 million in a multi-state area. The investment was rolled up and sold in 1994.

  • Capital Realty Group

    An investment in a start-up real estate service company that managed and leased 33,000 apartments and 24,000,000 square feet of commercial properties in 36 states. The investment platform was sold in 1994.

  • Independent American Real Estate

    Independent American Real Estate

    An investment in an existing property manager and syndicator of 4,000 apartment units representing $280 million in a multi-state area. The investment was rolled up and sold in 1994.

Case Studies

Case Study A

Orchard Park

The Orchard Park transaction was a Ground up development of 4 assisted Living and Alzheimer's assets in Texas. HUD Debt was acquired, which provided exceptionally low Debt Service. The assets were built on an accelerated timeline and the full value was realized less than 12 months after the final opening, with a Sale to a well known partner with a total equity return of +4X multiple and +40% IRR to all partners.

Case Study B

Permian Controls

Stroud Companies, using an owned subsidiary, purchased a controlling interest in Permian Controls, an above ground oil and gas services automation company. The transaction was first put under contract while oil was at the lowest level since 1998. The company was given a significant work over in operations, debt as well as sales and marketing. Within 12 months of closing, Permian had purchased its headquarters complex, secured low cost, long term debt on the operations. These strategic moves combined with the oil price rebounding almost 100% will provide incredible growth opportunities for years to come. Not only does the Company hold 2 board seats, but also has a right of first refusal on all future expansion of the business on a preferred basis.

Case Study C

Capital Senior Living

(NYSE: CSU)

Capital Senior Living was a company start-up to initial public offering transaction. Three portfolios of independent, assisted and memory care properties were acquired over an eighteen month period. The properties were then integrated into a single operating company. The Company was then expanded through asset purchases and organic growth from a regional company to a national company. The exit strategy was a NYSE initial public offering with a total equity return of +10 multiple and +45% IRR to the founders.