The Capital Markets team of SRS Real Estate Partners ended 2025 at its highest annual revenue since the team’s founding in 2016. The Capital Markets team finished 2025 with $3.5 billion in transaction volume, having accumulated 949 transactions across the U.S. This 2025 volume is a record 40% increase over its 2024 year-end volume of $2.5 billion.
“2025 was a record-breaking year for SRS and the Capital Markets team. Last year, several segments within the retail and industrial space continued to expand and benefitted from strong demand. We worked with many of these segments such as assets qualifying for bonus depreciation, credit net lease, grocery, and fitness that outperformed prior years,” said SRS Capital Markets’ Senior Managing Principal Matthew Mousavi.
SRS Capital Markets’ Senior Managing Principal Patrick Luther added, “An important factor to our success is our team. We selectively grew our broker and support staff headcount, creating an elite team that has positioned us well for continued growth as we embark on 2026.”
According to SRS Capital Markets’ Senior Managing Principal Patrick Nutt, the transactional momentum didn’t really begin until the second half of 2025. As Nutt said, “The hard work of our combined team over the past three years of market uncertainty is what positioned us to be able to benefit from the thaw in capital markets. While early numbers show total transaction volume for the industry remains 25% to 35% off peak, it’s a testament to the hard work and capabilities of our national team of best-in-class professionals to provide such a stellar year for clients and a record-breaking year for SRS. As the year progressed, the diversity of what buyers were looking for across price points, yield requirements and specific sectors grew, playing into the strength of SRS’s diverse offerings with assets ranging from upwards of $200 million portfolios to sub-$1 million individual assets.”
According to the team’s leadership, significant trends were part of the firm’s success.
Regional and national portfolio assignments with major brands such as 7-Eleven, Taco Bell, Starbucks, and Chick-fil-A. Examples included:
- Sold 26% of all Chick-fil-A sites traded nationwide in 2025 and continues to represent a significant percentage of the stores.
- Closed 39 Starbucks-occupied property sales nationwide totaling $126 million, reinforcing the team’s leadership in the single-tenant net lease (STNL) space.
- Awarded 100+ unit portfolio disposition of QSR properties across the Sunbelt.
SRS sees this trend continuing into 2026 as the team is being increasingly engaged in national, multi-state, multifaceted assignments further leveraging its capital markets and leasing platforms.
Increased focus on coast-to-coast debt platform under the direction of John Darrow, who joined SRS Real Estate Partners in 2025 as an Executive Vice President & Managing Principal in the Dallas office, to lead the Capital Markets Debt & Equity team. This move broadens the team’s depth on helping developers with equity, joint venture equity, bridge and construction financing, among other options. All told, Darrow complements SRS’ Capital Markets platform, creates more opportunities for clients, and strengthens SRS Capital Markets’ position as a national leader.
About SRS Real Estate Partners
Founded in 1986, SRS Real Estate Partners is celebrating 40 years of going the extra mile for its clients. Building on its retail foundation, SRS provides commercial real estate solutions across retail, industrial, and capital markets. Headquartered in Dallas with 30 offices nationwide, the firm measures its success by the achievement of its clients’ objectives, satisfaction, and trust. For more information, please visit srsre.com.