Former Dallas Cowboys Hall Of Fame running back Emmitt Smith is leaving the real estate firm he helped found.
Per the Dallas News, Smith will continue to be active in the real estate business, just not with Dallas-based E Smith Realty Partners. He founded the company with two partners in 2013.
The story seems a bit odd, but it's certainly not abnormal for a successful business venture to lose a founder. Since it was started the company has done "significant office leasing deals" and arranged the sale of properties.
However, the News did mention that one of Smith's two original partners also previously departed the firm.
"The company represented high tech firm NTT Data in the recent major lease of its U.S. headquarters in Legacy West in Plano. E Smith Realty recently hired additional executives and is continuing to expand," mentioned the News.
Smith released this statement to the Dallas News:
"Our success, steady growth and entry into new markets over the last four years have significantly strengthened our core businesses to the point where we can explore new opportunities created by a rapidly changing market," Smith said. "The decision to withdraw from E Smith Realty Partners was not made lightly; however, it allows for the formation of new ventures with distinct growth opportunities."
Smith will continue to work on realty ventures as SMBL Capital LLC.