Colt McCoy’s second act may be off the football field, but he’s still playing quarterback.
The former Texas Longhorn and NFL player is fielding a team for commercial real estate company HPI in Fort Worth.
“I get to go play quarterback and build a team. It just looks a little bit different than going out and executing football plays,” McCoy said.
Building the team is still in early stages; McCoy’s not yet sure how many people will join him. He’s also still looking for an office but is planning to be located downtown.
The office will eventually do it all, he said. But, starting out, the focus will be on industrial acquisitions and development, since that asset class has been so successful in Fort Worth.
In recent years, Dallas-Fort Worth has skyrocketed to become one of the nation’s top industrial markets, with Fort Worth neighborhoods becoming hot submarkets for the asset class.
The city’s taking off in other ways, too. Fort Worth’s explosive growth recently pushed it past Austin, making Cowtown the fourth largest city in Texas.
McCoy is still learning the ropes of the industry, but he got a head start during off-season summers.
During his 14-year NFL career, he started preparing for life after football by taking internships in various industries to see what he liked and could excel at. He pretty quickly took to real estate, he said.
“I thought, I’d really like to spend my time learning more of that and how to do deals, how to invest, how to build a team,” he said.
He’s part of a growing group of professional athletes who’ve had a second act in real estate.
He credits Dallas Cowboys legend Roger Staubach as mentoring him through the transition.
After an 11-year NFL career, Staubach founded commercial real estate firm The Staubach Group. He sold it to JLL in 2008 for $613 million.
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