Topaz Capital

Alex Szewczyk, the firm's founder and managing partner, leads investment decisions and sets the strategic direction. He oversees acquisitions, asset management, and the operational turnaround plans for each property. The firm operates with a lean team structure, keeping decision-making centralized under his leadership.

Topaz targets off-market and lightly marketed properties in the Southeastern US through a network of regional brokers, property managers, and lenders. Its focus on underperforming assets — particularly in secondary and tertiary markets — reduces competition from larger institutional buyers. The firm's repeated transactions with select hospitality brands also generate proprietary looks at distressed franchisee portfolios.

Topaz focuses exclusively on existing income-producing properties requiring operational repositioning or capital improvements. Within hospitality, it targets limited-service and extended-stay hotels. Within multifamily, it concentrates on Class B and Class C garden-style apartment communities in supply-constrained Southeastern submarkets. The firm does not pursue ground-up development.

The firm concentrates capital across the Southeastern United States, with known activity in Florida, Georgia, and the Carolinas. It avoids gateway cities, preferring secondary and tertiary markets where it can build dominant submarket positions and where the investor base is thinner.

Topaz Capital is structured as a real estate private equity firm, not a family office. It acquires assets through discrete deal-by-deal capital raises, partnering with high-net-worth individuals, family offices, and institutional investors on a per-transaction basis rather than managing a single-family pool of capital.

Topaz routinely welcomes co-investment from its limited partner base, enabling larger acquisitions without over-concentrating its own balance sheet. Outside of its existing LP relationships, the firm has not publicly advertised a broad co-investment program, maintaining selectivity in partnership formation.

The firm avoids full-service luxury hotels, ground-up construction, office properties, and retail — sectors outside its operational expertise. It also does not invest in markets north of the Mid-Atlantic or west of Texas, maintaining a deliberate geographic cordon around its Southeastern focus.