Steve Alvis is the co-founder and managing partner of NewQuest Properties. He started Quest Properties in 1985 by turning a hobby of buying and selling residential real estate into a passion after he left veterinary school. Alvis sold REO portfolios for failed savings and loans and accumulated approximately 40 shopping centers in Texas.
Later, Alvis utilized his real estate experience to begin building retail developments which included Cinemark’s first all-stadium seating theater, as well as the first 24 Hour
Fitness in the market. NewQuest continues to represent them both today with their real estate needs across Texas.
In 2001, Alvis combined talents with Jay Sears, forming NewQuest Properties, to develop grocery-anchored shopping centers. NewQuest soon became Albertson’s largest developer, and as Kroger acquired the Albertson’s locations, NewQuest then became Kroger’s single largest developer in Texas. Still today, NewQuest develops Kroger anchored centers in Texas and Louisiana, along with other well-known anchor tenants such as Target, HEB, Sam’s Club and Dick’s Sporting Goods.
Today, NewQuest currently represents more than 75 national, regional and local tenants throughout Texas. Having developed over 15 million square feet with a portfolio in excess of $1.7 billion, NewQuest is the largest privately-held shopping center developer in Texas.
Alvis received his Bachelor’s Degree from Texas A&M University. He is currently a member of the World President’s Organization (WPO), the Chief Executives Organization (CEO), the Greater Houston Partnership Board of Directors, and the International Council of Shopping Centers (ICSC.) Alvis serves on Lt. Governor Dan Patrick’s Transportation Advisory Board working closely with TxDOT. Alvis also serves on the Board of Economic Development for Waller County.
Alvis is an active owner and developer of The Clubs at Houston Oaks. He and his wife Marci have two sons, Austin and Andrew. Austin joined NewQuest in 2015 after receiving his MBA from Rice University. Alvis and his family spend some of their spare time skiing in Colorado and at their cattle ranch in Las Vegas, New Mexico.