Fortwood Capital

Fortwood Capital was founded in 2018 by Tom Nolan, Lance Gettler, and Blake Bozman. All three were previously at Crow Holdings Capital, the investment management platform for the Trammell Crow family's real estate enterprise. They left to form an independent partnership focused on middle-market real estate investments.

The firm operates with a flexible mandate across the real estate capital stack. Fortwood pursues direct equity investments, preferred equity positions, and mezzanine debt. This structure allows the partnership to allocate capital where relative value is strongest across property types including multifamily, industrial, and select retail.

Fortwood concentrates on Texas and the broader Sun Belt region. The firm's Dallas-based partnership leverages local market knowledge and relationships in a corridor that has experienced sustained population and employment growth, driving consistent demand for well-positioned real estate assets.

Fortwood operates as a lean, three-founder partnership without a rigid fund-series structure or large institutional overhead. The firm targets middle-market transactions that fall between large institutional deals and single-asset entrepreneurial acquisitions — a segment where partner-level judgment and local relationships matter more than brand scale.

The firm's specific investment vehicles have not been publicly disclosed. Fortwood's structure — a generalist partnership without a predetermined fund series — suggests it may operate through deal-by-deal capital formation rather than a fixed commingled fund model, though this has not been confirmed through public filings.