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3 days ago · John Goff is a self-made real estate tycoon who sold his Crescent Real Estate to Morgan Stanley for $6.5 billion in 2007 and bought it back after the financial crisis. He owns Canyon Ranch, a wellness spa and resort, and Complexity Gaming, a pro video gaming team.
- ‘Like Catching A Falling Knife’
- On A Development Tear
- A Life-Changing Relationship with Investor Richard Rainwater
- Betting Big on Luxury Wellness with Canyon Ranch
- Deal of The Year: The Crescent
Much of Goff’s success through the years has been due to his willingness to trust his gut and take risks. His first real estate deal was with Caroline Rose Hunt, who was looking to recapitalize her Uptown development, The Crescent. After that 50-50 partnership, Goff made additional buys, focusing exclusively on Class A buildings. He also began to b...
When it comes to choosing where to place his bets, Goff says he likes to find things that “everyone else hates. ” That means buying when things are oversold and undervalued. The risks are enormous, but Goff has demonstrated over and again a willingness to tolerate them. When he acquired The Crescent from Rose Hunt, he also bought the acreage that s...
Goff moved to Fort Worth in the early 1980s and took a job with what’s now KPMG. That’s where he met Richard Rainwater, who was chief investment officer for the Bass family. When Rainwater left the Basses to pursue his own interests, he asked Goff to join him. “It was absolutely life-changing,” Goff says. “Our relationship over the years was everyt...
Goff took a stake in Canyon Ranch in the late 1990s. In 2017, he acquired the luxury resort and wellness brand from Mel Zuckerman, who founded the company 40 years ago. “The brand is more relevant now than it ever has been because wellness is more relevant today than ever,” Goff says. I think we have a real responsibility to take what is a great fo...
Goff’s March 2021 acquisition of The Crescent marks the third time he has owned the iconic Uptown property. He reportedly paid a record $700 million for the asset. Along with 1.1 million square feet of office space, it includes Hotel Crescent Court, 11 restaurants, upscale shopping, and more. It was one of the most expensive projects ever built in ...
- Christine Perez
Jun 8, 2021 · Today Goff announced his biggest oil deal yet—a $5.7 billion all-stock merger between Contango and Independence Energy, owned by private equity giant KKR KKR . The new Contango will produce ...
- Christopher Helman
John Goff, one of America’s savviest commercial real estate investors, says he “wasn’t smart enough” to have seen the Great Recession coming in 2007. But the billionaire had an inkling.
Feb 15, 2023 · Learn about John Goff's journey from Houston to Fort Worth, where he built a billion-dollar empire with Richard Rainwater and Crescent Real Estate. Discover how he became a leader in the city's recovery from the pandemic and his legacy project, Crescent Fort Worth.
Apr 26, 2024 · John Goff is Fort Worth Inc.'s 2024 Person of the Year, selected from a pool of dynamic personalities and influential figures that dot the city’s landscape. They all appear in the magazine’s The 400, a collection of the city’s most influential leaders.
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John C. Goff is a private investor and co-founder of Crescent Real Estate, a real estate investment firm. He is also the chairman of Contango Oil & Gas and a supporter of The University of Texas at Austin.
