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MAG Capital Partners
Industrial real estate, understood from the inside out.
MAG is a Dallas-based private investment firm specializing in American net-leased industrial real estate. We connect property judgment with corporate-credit, construction, capital-markets, and asset-management experience.
2015Founded by Dax T.S. Mitchell and Andrew Gi
5+ decadesCombined principal real estate experience
U.S.American net-leased industrial specialization
Firm description and principal experience are based on MAG Capital Partners’ current corporate website as of July 2026. Experience does not assure investment results.
Who we are
Entrepreneurial by nature. Institutional in experience.
MAG was founded to bring operating-business context and disciplined real estate execution together.
Industrial properties are not interchangeable. A building’s value can depend on the tenant’s financial capacity, operational use, utility infrastructure, lease language, replacement cost, capital needs, and the next user. Our team evaluates those questions across the life of an investment.
Read MAG’s approach ↗Accountability across the lifecycle
From the first conversation to the final disposition.
Integration matters when the same underwriting assumptions must survive diligence, financing, ownership, tenant developments, capital work, and an eventual exit.
Underwrite
Study the business, facility, market, lease, basis, financing, and exit.
Acquire
Coordinate diligence, documentation, capital, and closing execution.
Finance
Match debt structure and maturity to the property and tenant risk.
Manage
Monitor credit, property needs, lease obligations, and capital projects.
Report
Translate asset performance and material developments for stakeholders.
Exit
Plan around the tenant, lease, market, debt, and next buyer’s underwriting.
Why specialization matters01 02 03 04 05
One platform, five connected disciplines.
Sale-leaseback origination
Understand the seller’s corporate objective and the facility’s role before setting the real estate structure.
Tenant & corporate credit
Evaluate financial capacity, industry dynamics, concentration, leverage, and rent coverage.
Construction & facilities
Assess physical condition, process improvements, utility needs, maintenance, and future capital requirements.
Asset management
Track the tenant, lease, property, compliance, and capital plan throughout ownership.
Capital markets & exits
Structure financing and consider buyer, rollover, and residual-value risk from the beginning.
Leadership & accountability
Led by investors who built the platform around industrial specialization.
Co-founders Dax T.S. Mitchell and Andrew Gi combine development, investment, valuation, and operating experience. MAG’s broader team adds dedicated corporate risk, acquisitions, construction, accounting, asset management, and capital-markets capability.
Meet the MAG team ↗
Dax T.S. Mitchell
Twenty-five years in commercial real estate development and middle-market private equity, applied to transaction structure, execution, and full-cycle ownership.
Andrew Gi
Twenty years in real estate investment and valuation, with CCIM and MAI designations and experience evaluating complex and special-use properties.
How MAG1031 fits
Exchange education informed by real estate underwriting.
MAG1031 applies MAG’s property, tenant, lease, basis, financing, and exit framework to the replacement-property conversation.
The platform helps owners understand the 45-day and 180-day framework, organize estimated equity and debt, compare replacement scenarios, and prepare better questions before a sale closes.
MAG1031 does not replace a qualified intermediary, CPA, attorney, financial professional, or the governing documents for any investment.
Explore the 1031 guide
Your MAG1031 contact
Daniel Castañeda
Managing Director
Daniel works directly with investment-property owners considering a 1031 exchange, replacement-property, or TIC strategy. Start with the expected sale price, remaining debt, timeline, and what you need the next investment to accomplish.
Start with the property you plan to sell
Build the exchange plan before the clock starts.
Share your expected sale price and remaining debt. We will help organize the questions to take to your qualified intermediary, tax adviser, and investment team.