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Fort Worth, Texas (April 28, 2025) – Stockyards Heritage Development Co. is pleased to welcome Rick H. Kline III, president of Majestic Stockyards Investors, LLC, as the company’s lead representative overseeing the long-term strategy and operations of the historic Fort Worth Stockyards, in partnership with Majestic Realty Co. and The Hickman Companies.
A seasoned finance and operations executive with extensive experience in real estate, hospitality, and retail investments, Kline assumes responsibility for all development partner planning and implementation. He will oversee daily operations and business activities including employee and vendor relations and management, finance and budgeting, staffing, as well as representation to internal and external partners. Kline assumes responsibilities previously held by Craig Cavileer, former executive vice president at Majestic Realty Co. and managing representative for Majestic with Stockyards Heritage Development Co., along with additional duties.
“It’s a tremendous honor and a wonderful opportunity for me to be able to join this well-respected ownership and development team and play a part in the continued revitalization and enhancement of the legendary Fort Worth Stockyards,” said Kline. “I’m excited to be working with our team and partners throughout the Stockyards and Fort Worth as we continue to enhance this iconic landmark and pay tribute to the history of this site and region.”
Majestic Realty Co. Chairman Edward P. Roski, Jr. added, “This is a unique and sound opportunity for Majestic to expand our resources and leadership in the Stockyards as we continue to implement the long-term vision shared with our Hickman family partners. Rick’s depth of experience and industry expertise, his proven record of success in operational efficiencies make him the perfect fit to help us steer the strategic growth and vibrant future of the district with the level of respect, tradition and honor that was demonstrated by Holt Hickman.”
Kline most recently served as an operating advisor for Cerberus Capital Management. Prior to Cerberus, Kline served as chief financial officer for J.G. Boswell Company where he evaluated and managed real estate investments in addition to overseeing the financial aspects of operations.
As president and chief operating officer of Castle & Cooke, Inc., he led the operations of a diversified real estate portfolio and was responsible for day-to-day operations, strategic planning, financial oversight, and major capital investment decisions across multiple states. His role included streamlining operations, improving asset performance, and overseeing major construction projects. He also led negotiations on acquisitions, divestitures, and financing, managing over $2 billion in credit facilities and ensuring the company’s assets were positioned for long-term success.
Earlier in his career, Kline was a Partner at Ernst & Young LLP, specializing in real estate, hospitality, and construction. He provided financial and operational advisory services to major real estate investment trusts (REITs), property developers, and private equity firms, guiding clients on entity structuring, financial reporting, acquisitions, and SEC compliance. His work ensured that companies optimized both their financial strategies and operational efficiencies to drive profitability and long-term growth.
Stockyards Heritage Development Co. remains guided by its strong leadership and long-term vision, with day-to-day momentum and strategic initiatives continuing uninterrupted. Kline’s appointment reinforces Majestic’s and The Hickman Companies’ steadfast commitment to honoring the legacy of the Fort Worth Stockyards while continuing its evolution as a world-class destination for culture, hospitality, and entertainment.
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About Stockyards Heritage Development Company
Stockyards Heritage Development Co. is a partnership between nationally recognized developer Majestic Realty Co. and Fort Worth’s Hickman Companies. Created with the intention of thoughtfully reimagining the historic Fort Worth Stockyards, the company is dedicated to preserving the National Historic District legacy while elevating it with experiences for locals and visitors from abroad. To learn more about the Fort Worth Stockyards, please visit www.fortworthstockyards.com.
About Majestic Realty
Headquartered in Southern California, Majestic has regional offices in Atlanta, Austin, Dallas – Ft. Worth, Denver, Las Vegas, Laredo, Phoenix, Portland and Bethlehem. The company’s 90- million-square-foot portfolio includes more than 400 buildings that are home to 825 tenants.
Majestic Realty Co. Media Contact:
Marty Schechter
marty@schechterpr.com
Stockyards Heritage Development Media Contact:
J/PR
fwsy@jpublicrelations.com