As owner of Spire Realty Group, LP, Caleb S. Smith oversees acquisitions, dispositions, leasing and management of the Dallas-based company’s over $375 million of U.S. real estate.
Smith joined Spire Realty Group in 1997, serving in project and asset management for five years, before assuming the role of company president in 2002. Spire owns property in Austin, Houston and Dallas.
Under Smith’s direction, Spire Realty has acquired seven acres of land in downtown Dallas, including five acres of land assembly in a continuous block over the past five years, creating the best parking to tenant ratio in downtown. Smith landscaped all downtown lots as part of his continued efforts to beautify and preserve the downtown area. Additionally, he negotiated the sale of Dallas landmark Mercantile’s million square foot complex to Forest City in collaboration with the city of Dallas.
Smith has led the capital improvement efforts to Spire’s largest building downtown, Bryan Tower, boosting the structure to A-level standing and increasing occupancy from sub 10% to 82% over 10 years. Major building tenants include Baylor Health Care System, Chubb Insurance and Bank of New York.
The Spire team, led by Smith, is actively involved in charitable works, including the Downtown Round-Up beautification project and the Dallas Chamber of Commerce’s Regional Momentum program which promotes the recruitment of corporate relocations and expansions to the Dallas-Fort Worth area. Smith also volunteers time and funding to the Ovarian Cancer Research Fund, the Rise School of Dallas, which serves children with developmental and other disabilities, and The Wildflower Orphanage in South Korea.
Prior to joining Spire, he worked as an independent contractor, researching and analyzing Russia’s emerging securities and other markets. Early in his career, Smith was an analyst at BDS Securities in New York City, concentrating on bankruptcies in the United States, Canada and the United Kingdom. Smith holds a Bachelor of Arts degree from Macalester College in St. Paul, Minn., with majors in sociology and philosophy/religion.