Enron alum scoops up fourth historic Galveston property

Facundo Caminos turned to real estate after seeing his former colleagues lose their life savings

Facundo Caminos with 2328 The Strand
Facundo Caminos with 2328 The Strand (Loopnet, Getty, Facundo Caminos)

Former Enron employee and one of Galveston’s top attorneys landed the city’s historic Hutchings-Sealy Building.

Facundo Caminos has been building up his portfolio of historic Galveston properties. His latest purchase is the 30,000-square-foot building at 2328 The Strand, the Houston Business Journal reports.

It was sold by Mitchell Historic Properties, which is currently run by the heirs of the legendary Galveston businessman and real estate developer George P. Mitchell. The sale price was not disclosed, but Caminos did share his plans for the property with HBJ.

The three-story building rents to five tenants. One includes Riondo’s Ristorante, where Caminos’ father is the head chef. There are also two boutiques, an art gallery and a skate shop.

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Caminos said he is looking to add a daiquiri shop as an extension to one of the boutiques. He also told the HBJ that he is on the verge of securing “two big tenants” to occupy the office space on the second and third floors.

Caminos began investing in real estate 20 years ago after a short stint as an accountant with Enron, just prior to its scandalous collapse.

Two years ago, he shifted his focus to historic Galveston properties. So far, he’s also picked up 2411 The Strand, home to Patrick’s Bar, and the adjacent 2413 The Strand. Last December, he purchased 2214 The Strand, which houses wedding and event venue Roof Garden.

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