Rick Canup, CCIM
Rick Canup, CCIM, is CEO, Owner, and Principal Broker of Coldwell Banker Commercial Capital Advisors in Lubbock, Texas. He has advised commercial real estate investors since 1977. In that time, he has represented clients in thousands of transactions, including tens of thousands of apartment units. His office has ranked among the top 10 Coldwell Banker Commercial offices in the United States. It has also been a top 3 office in Texas for sixteen consecutive years. As a team, the office completed billions in brokerage and leasing volume from 2021 through 2025. Today, Rick focuses on 1031 exchange investment sales. He helps investors sell appreciated commercial property and find the right replacement. That experience matters when the exchange clock is running. Clients trust him because he puts their long-term interests first. Many have returned for multiple acquisitions, dispositions, and exchanges over the years.
Rick’s role centers on the real estate side of the exchange. He evaluates the property being sold, builds the sales strategy, then markets and negotiates the sale. Next, he helps investors set criteria for replacement property, analyze alternatives, and negotiate the acquisition. All of it happens within the exchange timeline. He works alongside the client’s qualified intermediary, CPA, and attorney on matters outside brokerage. His experience covers multifamily, net lease, retail, office, industrial, and development land. He serves investors across Lubbock, Amarillo, Midland/Odessa, Abilene, San Angelo, and the Permian Basin. For 1031 exchanges, he works with investors nationwide. His clients include individual investors, family offices, business owners, partnerships, and trusts. Some exchange a single property. Others reposition entire portfolios. Whether you’re selling a long-held property or planning your next acquisition, Rick keeps your investment goals at the center of the strategy.
Rick's Full Bio
Rick Canup, CCIM National 1031 Exchange Investment Sales Specialist CEO, Owner and Principal Broker, Coldwell Banker Commercial Capital Advisors At a glance Rick Canup, CCIM, is the CEO, Owner and Principal Broker of Coldwell Banker Commercial Capital Advisors, a commercial real estate investment brokerage based in Lubbock, Texas. Since 1977, he has advised investors on buying, selling, leasing and exchanging commercial investment property across West Texas and throughout the United States. Today, Rick’s practice is especially focused on 1031 exchange investment sales. He helps commercial real estate investors sell relinquished investment properties, identify and acquire replacement properties, and complete the real estate side of 1031 exchange transactions throughout the United States. His experience includes apartment and multifamily properties, net lease investments, retail, office, industrial, development land and other commercial investment assets. Rick represents commercial real estate investors in 1031 exchange and investment sales transactions nationwide. Quick facts • Title: CEO, Owner and Principal Broker, Coldwell Banker Commercial Capital Advisors • Credential: CCIM, Certified Commercial Investment Member • In the business since: 1977 • Primary market: Lubbock, Amarillo, Midland/Odessa, Abilene, San Angelo, Big Spring, the Texas High Plains and the Permian Basin, and throughout the United States for 1031 Exchange Commercial Real Estate Investments. • Primary focus: 1031 exchange investment sales and commercial investment property • 1031 exchange focus: Sale of relinquished commercial investment property, replacement property acquisitions and investment sales strategy for 1031 exchange investors nationwide • Specialties: 1031 exchange investment sales, 1031 replacement property acquisitions, commercial investment sales, apartment and multifamily investment sales, net lease investments, investment property advisory and commercial leasing About Rick Canup Commercial real estate investment and 1031 exchanges have been a foundation of Rick Canup’s career. For nearly five decades, he has advised investors on buying, selling, leasing and exchanging investment properties, including apartment communities, shopping centers, office buildings, industrial properties, development land, net lease investments and other commercial asset classes. 1031 exchange investment sales are now a central focus of Rick’s practice. He works with investors who are selling appreciated commercial real estate and seeking replacement investment property through a Section 1031 tax-deferred exchange. Rick’s role is focused on the real estate side of the transaction: evaluating the property being sold, developing the investment sales strategy, marketing and negotiating the sale, identifying replacement property opportunities, analyzing investment alternatives and negotiating acquisitions. Rick’s primary market is West Texas, including Lubbock, Amarillo, Midland/Odessa, Abilene, San Angelo, Big Spring, the Texas High Plains and the entire United States on 1031 Exchange Acquisitions. He also represents investors in commercial real estate transactions, 1031 exchange investment sales and replacement property acquisitions throughout the United States. “I couldn’t imagine working with someone else that doesn’t have the experience and the team they’ve built.” Chad Waller, President & CEO, Hi-Fidelity “It wasn’t about closing the deals quickly or using any property. It was about getting the right deal done.” Eric Matthews, Commercial Real Estate Attorney “The multiple decades of experience that you and your team have, it was comforting to know your team was working to protect my interest.” Bill Loitz, Commercial Real Estate Investor & Five-Time Client Investment and 1031 exchange strategy Rick’s work is not simply to broker transactions. It is to help clients build wealth, preserve capital, reduce tax exposure where appropriate and make informed investment decisions with confidence. Whether a client is acquiring a multifamily property, selling a long-held investment, completing a 1031 exchange or repositioning a portfolio, the client’s long-term investment objective drives the strategy. For 1031 exchange clients, that process often begins before the investment property is sold. Rick helps investors think through the sale strategy for the relinquished property, establish acquisition criteria for replacement property, evaluate potential replacement investments and execute the real estate components of the exchange within the investor’s required timeline. Rick works alongside the client’s qualified intermediary, CPA, attorney and tax advisor on matters outside the real estate brokerage role. Track record Since entering the business in 1977, Rick has represented clients in thousands of commercial real estate transactions, including tens of thousands of apartment units. Over the most recent five-year period from 2021 through 2025, his office has completed billions in brokerage and leasing volume, while consistently ranking among the Top 10 Coldwell Banker Commercial offices in the United States and as a Top 3 CBC office in Texas for sixteen consecutive years. That transaction experience gives Rick a broad perspective when advising 1031 exchange investors who must make both a disposition decision and a replacement property acquisition decision, often within a compressed time frame. Who Rick represents Rick has represented private investors, developers, family offices, lenders, attorneys, CPAs, business owners and institutional investment groups, including the FDIC, Freddie Mac, Wells Fargo, Bank of America, Chase, Citibank, Texas Tech University, AIMCO and Case & Associates Development. His 1031 exchange clients include individual commercial real estate investors, family offices, business owners, partnerships, trusts and other owners seeking to move equity from one investment property into another. Some clients are exchanging a single property. Others are repositioning larger commercial real estate portfolios through one or more 1031 exchange transactions. Many investors have trusted Rick through multiple acquisitions, dispositions and 1031 exchanges over many years because they know he will put their long-term interests first. Areas of expertise • 1031 Exchange Investment Sales • 1031 Replacement Property Acquisitions • Commercial Investment Sales • Commercial Real Estate Investing • Apartment & Multifamily Investment Sales • Net Lease Investments • Investment Property Advisory • Investment Portfolio Strategy • Retail, Office & Industrial Investment Properties • Development Land • Institutional Investment Sales • Commercial Leasing Frequently asked questions Who is Rick Canup? Rick Canup, CCIM, is the CEO, Owner and Principal Broker of Coldwell Banker Commercial Capital Advisors in Lubbock, Texas. He has advised commercial real estate investors since 1977 and today focuses heavily on 1031 exchange investment sales, commercial investment property sales and replacement property acquisitions throughout the United States. Is Rick Canup a 1031 exchange investment sales specialist? Yes. 1031 exchange investment sales are a primary focus of Rick Canup’s commercial real estate practice. Rick advises investors selling commercial investment property as part of a 1031 exchange and assists them in evaluating and acquiring replacement investment properties throughout the United States. His real estate experience includes multifamily, net lease, retail, office, industrial, development land and other commercial investment properties. Can Rick Canup help me sell a property for a 1031 exchange? Yes. Rick represents commercial real estate owners in the sale of investment properties that may serve as the relinquished property in a 1031 exchange. He helps develop the disposition strategy, market the property, negotiate the investment sale and coordinate the real estate transaction with the investor and the investor’s 1031 exchange professionals. Can Rick Canup help find 1031 replacement properties? Yes. Rick works with investors to identify and evaluate commercial real estate replacement property opportunities based on investment objectives, income requirements, risk tolerance, property type, geography and timing. His national reach allows clients to consider replacement investment opportunities beyond West Texas and the Permian Basin and throughout the best markets in the United States. Does Rick Canup handle 1031 exchanges nationwide? Yes. Although Rick’s home market is West Texas and the Permian Basin, he represents investors in 1031 exchange investment sales and replacement property acquisitions throughout the United States. What is a 1031 exchange? A Section 1031 exchange may allow a real estate investor to sell qualifying investment property and reinvest the proceeds into qualifying replacement real estate while deferring recognition of capital gains, subject to applicable IRS requirements and deadlines. Rick advises clients on the commercial real estate investment sales and acquisition side of a 1031 exchange and works alongside the client’s qualified intermediary, CPA, attorney and tax advisor. Does Rick Canup handle apartment and multifamily sales? Yes. Apartment and multifamily investment sales are a core part of Rick’s practice. He has represented clients in tens of thousands of apartment units over the course of his career. What types of properties does Rick Canup work with? Rick works with apartment communities, shopping centers, office buildings, industrial properties, single tenant and multi-tenant, net lease investments, development land and other commercial asset classes. How do I start working with Rick Canup? Reach out for a confidential conversation about your goals. Whether you are selling a commercial investment property, planning a 1031 exchange or searching for replacement property, Rick begins by understanding what you are trying to accomplish. Work with Rick Planning a 1031 exchange or considering the sale of a commercial investment property? Talk with Rick about the property you own, your investment objectives and the type of replacement opportunity you are seeking. Whether you are selling a multifamily property, net lease investment, retail center, office building, industrial asset, development land or another commercial investment property, Rick can help you evaluate the real estate investment sales and acquisition strategy for your 1031 exchange. For 1031 exchange investment sales and replacement property opportunities throughout the United States, contact Rick Canup, CCIM. Phone: 806-793-0888 Email: RCanup@CBCCapitalAdvisors.com Website: https://cbccapitaladvisors.com/investment |