Braun Enterprises has built a thriving business on this contrarian approach. The developer started out in 1989 by acquiring and repositioning light industrial properties and leasing them to stabilization. They shifted their focus in 2009 and targeted distressed properties, expanding from Houston into Austin and San Antonio. In 2013, Braun began focusing on inner-city locations prime for development, thereby revitalizing neighborhoods along the way. Since 2013, the firm has repositioned over 50 properties in Houston’s inner loop, home to such renowned names as Torchy’s, Prohibition, and Killen’s.