Marble Capital Hires Former Hines Executive to Lead Open-End Strategy
Marble Capital, a Houston-based investment advisory firm, announced that Doug Goff has joined the firm as a portfolio manager. Goff is charged with leading the open-end strategy on behalf of Marble Capital and its investor partners, including its limited partnership funds.
Goff brings more than 18 years of real estate investment and portfolio management experience across investment strategies on behalf of non-traded real estate investment trusts and institutional funds. He joins Marble Capital after 16 years at Hines, where he most recently served as senior managing director of investment management and was a portfolio manager for strategic separate accounts since 2020, based in London and Houston.
“Doug is an industry veteran with deep investment experience and a strong track record in portfolio management,” said Adam Allen, co-founder and managing principal of Marble Capital. “We believe that our platform is well-positioned to deliver outsized returns for our investors through up and down cycles, and Doug’s hire will help us execute on this goal.”
While a real estate recovery has been uneven as owners navigate rising interest rates and capital markets volatility, Marble Capital said it continues to experience strong growth. It recently surpassed the $3 billion mark in assets under management and has invested in the development or acquisition of nearly 60,000 units of multifamily apartments across $14 billion in transactions, primarily in Sunbelt markets.
Goff said, “Joining the team at Marble Capital is a rare opportunity to join a best-in-class real estate investment manager and partner with an exceptional team with shared values. Marble is unique in offering a differentiated investment strategy with the ability to create value throughout cycles. I am thrilled to be part of and contribute to the inevitable growth this firm will enjoy going forward.”
Marble is currently investing common and preferred equity in multifamily developments across the United States via its flagship fund series. In 2025, the firm secured a $300 million commitment from one of the nation’s largest university endowments related to the flagship strategy. Based on public filings with the U.S. Securities and Exchange Commission, the fund series has raised an aggregate of more than $1.89 billion from investors.
While Goff will lead the open-end investment strategy, Marble Capital is also finalizing a new strategy focused on qualified opportunity zone investment funds.
“We believe this is an exciting time, both in the market cycle and for our firm’s growth. Our goal is to deliver investors consistent, high-quality returns by capitalizing on strong demographic tailwinds. People are what really matter and the bedrock of our platform is decades of investment and management experience,” said David Oelfke, co-founder and managing principal.
Established in 2016, Marble Capital manages $3.3 billion in AUM across a series of private equity funds. The company provides flexible capital solutions for multifamily real estate developers and operators across the United States. Marble Capital has grown its team to include 40 professionals in Houston, Austin, Dallas, and San Diego.
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