Salt River Capital was founded in 2009 in Dallas, Texas. The firm pursued private equity multifamily financing opportunities primarily in Texas with an initial focus on new development and value-add transactions. The first transaction closed was in the DFW metroplex area with Carleton Companies, and in 2013 Salt River Capital was added to the Carleton Companies multifamily platform to focus on debt and equity financing for the Carleton platform. Since then, the firm has managed over $100 million in equity investment capital and over $500 million in total transactions.