About Larkspur Capital LP
Larkspur Capital acquires, develops, and manages commercial real estate assets on behalf of institutional investors.
Larkspur seeks to exploit niche spaces that are generally overlooked by the broader market, often as a result of herd mentality.
With a focus on institutional development in urban core submarkets within the Dallas-Fort Worth MSA, Larkspur seeks to activate urban renewal in transitional neighborhoods by building innovative projects that disrupt existing development standards.
Larkspur acquires and develops real estate by forming partnerships funded by select private equity firms and family offices. Partnerships formed since the Company's inception have received compelling, above-market returns. Larkspur’s principals co-invest a significant portion of equity in each partnership, thereby further aligning the objectives of the principals with their limited partners.
The Larkspur Team
Carl B. Anderson IV
President
As president of Larkspur, Carl oversees the firm's development activities, including site selection and acquisition, due diligence, project design, securing entitlements, and project execution. Since founding Larkspur, Carl has led development and acquisition projects across land, office, retail, multifamily, and condominium property types. His prior experience includes roles in real estate private equity, where he worked on acquisitions and development projects exceeding $3 billion.
Carl was previously in acquisitions and portfolio management roles covering all property types across the U.S., most recently with Fortress Investment Group LLC. He holds a Bachelor of Business Administration in Finance from Southern Methodist University and a Master of Science in Real Estate Finance from New York University, where he graduated with distinction (top 10%).
Carl will serve on Board of Directors for The Real Estate Council during the 2026-2029 term. He currently serves on the SMU Folsom Institute for Real Estate Advisory Board, the SMU Dedman College Executive Board, the City of Dallas Development Advisory Committee, the Deep Ellum TIF Board, the Deep Ellum Foundation and Public Improvement District Board, and chairs The Real Estate Council's Planning & Development Group. Carl regularly serves on ad hoc municipal task forces that focus on improving public safety and infrastructure. He's a past member of SMU’s Young Alumni Board and was president of the SMU New York City Young Alumni Chapter.
Cole Wade
Associate Vice President
Cole, associate vice president of Larkspur, works with the firm's acquisition, asset management, and investor relations functions. Prior to joining Larkspur, Cole worked in commercial real estate loan acquisitions and debt asset management at Goldman Sachs, and real property valuation at KPMG.
Cole holds a Master of Real Estate from Texas A&M University and a Bachelor of Business Administration in Finance from Texas A&M's Mays Business School.
Tyler Simmons
Vice President, Construction
Tyler, vice president of construction at Larkspur, oversees general contractors throughout the construction process, manages logistics coordination with vendors, ensures quality and regulatory compliance, and tracks project progress through regular status reports. Before joining Larkspur, Tyler worked as a project manager at ARCO Murray & Harvey Builders, managing mixed-use developments and student housing projects.
Tyler holds a Bachelor’s Degree in Construction Management from Louisiana State University.
Kami Johnson
Executive Assistant
Kami, executive assistant for Larkspur, previously served as a 6th-grade English Language Arts and Reading teacher at Amy-Parks Heath Elementary. With additional experience at Pioneer Technology & Arts Academy, Kami effectively tailored her teaching to diverse student needs. Her prior administrative role at KE Andrews equipped her with valuable skills in data analysis and project management, enhancing her support capabilities.
Kami holds a Bachelor of Science in Business from the University of Phoenix.
Schafer Smartt
Vice President, Development
Schafer Smartt, vice president of development at Larkspur, works across the firm’s development activities, with a focus on deal origination, entitlements, project design, capitalization, and office and retail leasing strategy and oversight. His work spans mixed-use, office, retail, multifamily, hotel, and adaptive-reuse projects in urban submarkets across Dallas-Fort Worth.
Prior to joining Larkspur, Schafer held roles with Kairoi Residential and HFF, where he worked on multifamily, land, office, hotel, and mixed-use developments and transactions in Austin.
Schafer is a graduate of the University of Texas at Austin. He is a member of TREC Dallas and TREC Greater Fort Worth and serves on the Advisory Council for the University of Texas Silver Spurs.
Amy McCreary
Director, Accounting
Amy, director of accounting for Larkspur, brings over a decade of diverse experience in banking, investment, and property development. With a solid background in management, customer service, and operations, she excels at driving teams to meet and exceed their goals. A motivated self-starter, Amy is committed to continuous growth and making impactful contributions to her organization.
Amy holds an Associate’s Degree from Collin County Community College.
Preston Pfleegor
Development Analyst
Preston Pfleegor, development analyst at Larkspur Capital, supports the underwriting and execution of ground-up mixed-use developments, analyzes market and submarket fundamentals, and assists in the preparation of investment memorandums and investor materials.
Prior to joining Larkspur, Preston worked as an Acquisitions Analyst Intern at Gulfstream Capital, where he developed market surveys for acquisition opportunities and supported the underwriting of large-scale multifamily investments. He also served as a Project Development Intern at Willstrong Development, gaining experience in land planning, financial modeling, and construction estimating.
Preston earned his Master of Science in Real Estate from SMU Cox School of Business, where he also received his Bachelor of Science in Economics with Finance Applications.