Steel Peak, a commercial real estate investment firm focused on industrial outdoor storage properties, is expanding into the Texas commercial real estate market with a focus on Dallas-Fort Worth, Houston, Austin and San Antonio. Steel Peak was founded in January 2024 and has acquired 15 IOS properties on the West Coast during that time.
The firm has hired Eli Ray to serve as Acquisitions Director in the region where he is responsible for acquisitions and leasing across Steel Peak’s Industrial Outdoor Storage platform in Texas. He will be tasked with sourcing, underwriting, deal structuring, transaction execution, and leasing, as well as managing broker and owner relationships across the firm’s targeted Texas markets. Ray will be based in Dallas.
Ray joins Steel Peak from Dalfen Industrial where he served as Market Lead, Central U.S. where he is responsible for deal sourcing, leasing, due diligence and capital deployment strategies. During his time at Dalfen, he led the acquisition and deployment of more than $300 million across industrial outdoor storage and traditional industrial assets. Ray earned an MBA from the University of Chicago Booth School of Business and a bachelor’s degree in finance from Texas A&M University.
