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Central Texas Roots.
Institutional Rigor.

Our principals cut their teeth at Goldman Sachs, The Staubach Company, and Hines then came home to Central Texas.

The Team

Craig Benson
General Partner

Craig Benson

General Partner

Craig brings extensive experience in corporate leadership, private equity, and multi-sector investments to CTX, which he co-founded in 2018. He has been the CEO and Managing Director of Callaway Partners, LP since 2004, where Callaway is engaged in various private investments in the areas of banking, real estate, specialty finance, oil and gas, and healthcare. He also currently serves as Senior Managing Director of Crestmoor Capital Partners, which deploys capital to assist bank and finance partners with problem loans and assets through proprietary repositioning structures, and has served as General Partner at Caddo Minerals since 2013.From 2001-2013, Craig was CEO and President of Rules-Based Medicine, Inc. (later MyriadRBM, Inc.), a life science/diagnostic company, after directing its spin-off from Luminex Corporation (NASDAQ:LMNX). The business was acquired by Myriad Genetics (NASDAQ:MYGN) in 2011. From 1987-2000, Craig was employed by Service Corporation International (NYSE: SCI), where he held

various senior executive management positions, including domestic and international merger and acquisition responsibilities, Vice-President of Marketing and Corporate Alliances, and President of SCI International, Ltd., with over $2 billion in overseas operations. From 1990 to 1994, he served as President of Investment Capital Corporation, the private equity arm of SCI, which held over $350 million in assets.At CTX, Craig identified the opportunity at the intersection of workforce attainable housing and Opportunity Zone investments, bringing the initial concept that evolved into the firm's manufactured housing and RV park platform. He continues to provide strategic guidance across the firm's investment activities and brings deep expertise in capital structuring, partnership negotiations, and multi-sector deal evaluation. Craig has served on the Board of Directors of four publicly held companies and is the Chairman of the Board and Founding Director of Beyond Batten Disease Foundation.

Allen Cowden
General Partner

Allen Cowden

General Partner

Allen is a principal, developer, and investor with more than 30 years of experience across residential, multifamily, commercial, mixed-use, and ranch real estate. He began his career in Austin in hands-on residential construction before building institutional experience at The Archon Group (Goldman Sachs) and The Staubach Company, working on office, industrial, and single-tenant retail transactions, including large-scale 1031 exchanges for national brands.
 
In 2001, Allen founded his own development and investment platform in Austin, delivering projects ranging from infill condominiums and urban multifamily to office and mixed-use developments. His work includes the $190 million Seaholm Power Plant redevelopment in downtown Austin, where he played a key role in public-private partnership negotiations, capital structuring, and the design, execution, and sales of the residential tower.

More recently, he has completed approximately $100 million in land assemblage transactions and is currently managing several hundred million dollars of additional land and development assets.
 
Today, Allen invests alongside strategic partners in large-scale land development, commercial, industrial, and ranch assets, with particular expertise in partnership structuring, financing, and long-term asset management. He brings an owner’s perspective to every investment, emphasizing aligned partnerships, disciplined capital deployment, and long-term value creation.
 
In addition to real estate, he manages an oil and gas acquisition program and portfolio totaling more than $100 million in mineral, royalty, and working interests nationwide. He is a licensed Texas real estate broker and holds a BA in Business Economics from the University of Texas at Austin. Allen lives in Austin with his wife and three children.

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Landon Durham
Director of Asset Management

Landon Durham

Director of Asset Management

Landon K. Durham is a principal investor, financial analyst and development executive with almost twenty years of experience in residential, multifamily, commercial, and mixed‑use projects.After college, he founded and ran an online auction-technology firm, sharpening his financial acumen and data-driven project-execution skills. He then transitioned to a private real-estate firm, specializing in investment modeling, strategic planning, distressed‑debt turnaround, and asset management. As a senior analyst and asset manager, he structured large‑scale acquisitions, engineered exit strategies, and led the successful repositioning of six distressed multifamily properties in Jacksonville, Florida – renovating 1,845 units at a multimillion-dollar scale.

In 2012, he joined State Street Asset Management, contributing to the $190 million Seaholm Power Plant and Residences redevelopment in downtown Austin. There, he rose to Vice-President of Investments, overseeing a diversified portfolio of land, office, medical office and apartment assets.Today, as principal at CTX, Landon focuses on the financial management of strategic partnerships that invest in land aggregation and the development of largescale residential, commercial, and industrial assets. His core strengths are sophisticated financial modeling and analysis, creative partnership design, and long‑term asset stewardship, overseeing several hundred million dollars in land and development holdings.In addition to real estate, Landon manages an oil‑and‑gas mineral acquisition portfolio valued at more than $30 million. He holds a BS in Business Administration from Saint Mary’s College of California. He lives in Austin with his wife and four children; the family actively participates in Life Family Church.

Josh Thornton
VP of development

Josh Thornton

VP of development

Josh has been an experienced property and project manager in commercial real estate since 2003, bringing hands-on development and operational expertise to CTX, which he joined as a founding Principal in 2018. Over 13 years, he managed five commercial properties in the Austin area, overseeing remodels and multi-phased projects totaling $84MM. He worked on projects from
architect selection and conceptual design through contractor selection, construction management, and facilities management of the final product. He managed day-to-day operations of three campuses and oversaw $1MM annual budgets for building and grounds while managing property directors, maintenance teams, and all contractors.
Josh possesses in-depth knowledge of commercial HVAC and HVAC EMS, lighting systems, security and camera systems, fire protection, elevators, large on-site sewage systems, water detention and quality ponds, site work, drainage, and landscaping.

He has extensive knowledge of city, county and state codes and ordinances, which has proven essential in CTX's land development and entitlement work. Before his commercial property management career, he helped run a landscaping company and ranch management company, and managed research greenhouses.

At CTX, Josh leads the development and operations of the firm's institutional-quality RV park portfolio, bringing sites from concept through design, permitting, construction, and ongoing operations. He serves as the firm's primary liaison with county commissioners, water boards, and local officials, leveraging his deep understanding of regulatory requirements and local relationships to navigate complex entitlement processes. His operational expertise and boots-on-the-ground approach have been instrumental in CTX's ability to acquire, entitle, and develop land across Central Texas.

"We're not fee developers optimizing for volume, or
fund managers chasing AUM growth. We're principals."

Our LPs

We’re proud to have earned the trust of our LPs across decades of deals and cycles.

They’ve entrusted us with something deeply important: their family’s capital.

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We invest right alongside them with one family's capital.

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So when it works, we celebrate together. These long-standing partnerships are built on transparency,

shared wins, and loyalty to the people behind the capital. We’re in this for the long haul.

Our Values

Skin in the Game
The CTX principals are among the largest investors in every deal we do. We're co-investors, not fee developers.
Rigor and Discipline
Every deal gets institutional quality analysis. Financial models, market diligence, risk assessment. We do the math before we shake hands.
Local Execution
We live here. Our relationships go back decades. Landowners, brokers, vendors, contractors, designers, lenders and county commissioners call us first.
Long-Term Orientation
We're not optimizing for quick exits. These are our neighbors, our community, and our reputation. We'll be here long after the deal closes.

Let's Talk

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