Partners Capital utilizes its fund platform to invest in office, industrial and retail multitenant properties in Houston, Austin, San Antonio, and Dallas. Partners Capital is a wholly owned subsidiary of NAI Partners.

Who We Are

  • $ 0MM

    Combined Asset Value

  • 0MM+

    Square Feet

  • 0

    Properties Acquired

  • 0

    Investment Funds

NAI Partners organized the Partners Capital platform to invest in office, industrial and retail multitenant properties in major Texas markets that meet the following criteria:
  • Can be acquired below replacement cost at a $5-$30 million purchase price that falls below the interest of institutional buyers
  • Currently generating positive cash flow
  • Allows Partners Capital to leverage its extensive industry knowledge and resources to generate attractive cash flow and value appreciation over a projected holding period of three to six years

  • Skin in
    the Game

    The entire Partners Capital team is committed to each investment and will work to ensure success in every deal

    200+ investors have joined

  • Outworking
    the Competition

    Carefully researched investment thesis with hyperactive, hands on asset management keeps us working harder, faster and smarter

    $45MM+ invested with us

  • Moderate
    Risk Profile

    Seek quality real estate priced below intrinsic value

    $5MM+ in investor disbursements

What We do

Acquisition Target Markets

Partners Capital’s Funds target assets in the Houston, Austin, San Antonio, and Dallas markets. The Partners Capital team leverages its network and experience in Texas’s big cities to capitalize on market inefficiencies and off-market deals.

  • Conservative Financing Strategy

    Utilizing prudent and conservative debt strategies with all acquisitions is critical to managing overall risk while maximizing investor cash yields. All investments are financed with non-recourse debt with a maximum loan to value of 65-70% and fixed-rate whenever possible. Strong relationships with local and national lenders allows our team to obtain competitive debt terms tailored to each asset.

  • Diversified Asset Portfolio

    With each acquisition, our team carefully tracks product type, market, and overall deal risk diversification and how each asset fits within the overall fund portfolio. The state of Texas provides four diverse marketplaces, each with vastly different overall market drivers, which allows our team to assemble portfolios that provide overall risk diversification for our investors.

  • Hands-On Ownership

    NAI Partners developed its reputation in the marketplace through focusing on tailored service and fully understanding its clients’ real estate needs and preferences. This knowledge seamlessly translates to how Partners Capital operates as a landlord. We understand that a tenant-focused ownership mentality yields results.

Our Team

  • Andrew Pappas

    Partner

    Andrew Pappas is the head of Partners Capital, as well as a Shareholder in NAI Partners. Andrew has led the Partners Capital platform for nearly five years through three investment funds and $165 million in transaction volume. He is responsible for the overall growth and operation of the platform and delivering attractive, risk-adjusted returns to its investors. Andrew leads all acquisition and disposition transactions, secures debt financing, oversees portfolio asset management and leasing performance, and spearheads fundraising activities. Andrew holds a Master of Science degree in Finance and a Bachelor of Business Administration degree in Accounting from Texas A&M University.

  • Kelli Walter, CPA

    Senior Vice President - Asset Management

    Kelli Walter is the Senior Vice President of Asset Management for Partners Capital. Kelli plays a major role in the growth of the portfolios and the execution of the investment strategy. Prior to joining the team, Kelli served concurrently as Chief Financial Officer and Chief Operating Officer for Voss Capital, where she oversaw fund operations, treasury, investor relations and compliance. Kelli holds a Master of Science degree in Finance and a Bachelor of Business Administration degree in Accounting from Texas A&M University.

  • Adam Hawkins

    Vice President - Acquisitions

    Adam Hawkins is the Vice President of Acquisitions for Partners Capital. Adam's role is to create deal flow and manage the Partners Capital acquisition platform. He is also in charge of managing the due diligence process for acquisitions and dispositions, as well as supporting the fundraising platform. Adam graduated Summa Cum Laude with a Bachelor of Business Administration in Finance from Texas A&M University.

  • Donna Lanier, CPA

    Controller

    Donna Lanier, CPA, serves as the Controller of all Partners Capital investment funds. Donna closely monitors cash-flow projections, collection performance, and financial reporting for all Partners Capital properties and portfolios. She works closely with Partners Capital's lending relationships to facilitate draw requests and ensure compliance. Donna is also responsible for all investor distributions and financial reporting. Donna holds a Bachelor of Business Administration degree in Accounting from Texas A&M University.

  • Sloan Crady

    Analyst

    Sloan Crady serves as the Analyst for Partners Capital. In his role, Sloan facilitates transactions from the initial underwriting phase through the due diligence and acquisition process. He is also involved in property dispositions and supports asset management in the execution of fund and property-level business plans. Sloan holds a Bachelor of Business Administration in Finance and a Masters in Real Estate from Texas A&M University.

  • Lily Maldonado

    Marketing Coordinator

    Lily Maldonado is the Marketing Coordinator for Partners Capital. Lily is involved in multiple facets of the investment platform, including fundraising, client relations, and marketing materials. Lily holds a Bachelor of Science in Communications Studies from the University of Texas at Austin.

Investment Committee

The Investment Committee of Partners Capital is made up of a collection of some of the top producers at NAI Partners, Houston's premier private real estate services company. Together, the committee has over 100 years of industry experience in all relevant asset classes.

  • Jon Silberman

    Managing Partner
    • Years of Experience: 30+
    • Office Division
  • Dan Boyles

    Partner, Team Leader
    • Years of Experience: 30+
    • Office Division
  • Griff Bandy

    Partner
    • Years of Experience: 15+
    • Office Division
  • Travis Land

    Partner
    • Years of Experience: 15+
    • Industrial Division
  • Gray Gilbert

    Partner
    • Years of Experience: 20+
    • Industrial Division
  • John Simons

    Partner, Director of Industrial Corporate Services
    • Years of Experience: 15+
    • Industrial Division
  • Randy Wilhelm

    Retired Partner
    • Years of Experience: 25+
    • Office Division