Scott Everett

Will Scott Everett avoid the trap that has snared other syndicators? 

Multifamily investors who went big on the combination of cheap money and Sunbelt rental buildings through the pandemic have seen their margins eroded by rising interest rates. Everett, a real estate entrepreneur who founded Dallas-based investment firm S2 Capital, specializes in multifamily real estate – once a hot asset class but now a problem area across the region. 

Everett began flipping single-family houses in his late teens and early 20s, but shifted his focus to multifamily in search of better prospects. He took another step by founding S2 Capital in 2012, focusing on value‑add multifamily properties — investing in and improving underperforming apartment complexes through syndication. 

Over the past decade, S2 has invested more than $10  billion in real estate and acquired roughly 50,000 apartment units in high‑growth markets in Texas, Arizona, Florida, Georgia and North Carolina. In 2025, S2 Capital made a strategic move into industrial real estate through the acquisition of Fort Capital, adding millions of square feet of industrial assets to its portfolio. 

While his syndicator peers floundered when interest rates rose in 2022, Everett stabilized S2’s portfolio by launching a REIT to shield his properties from floating-rate debt. It still remains to be seen if this move works out in the long run, as S2 issued a capital call to investors for the REIT in early 2026.