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 Director of Partners Capital, as well as a Partner with NAI Partners. Andrew is responsible for building a platform that allows its investors to capitalize on NAI’s extensive market knowledge in order to generate attractive, risk-adjusted returns. Prior to joining NAI Partners, Andrew served as Vice President at Vista Private Equity Group in Houston, Texas. While at Vista, Andrew directly worked on a multitude of retail, office, medical office, build-to-suit, and ground-up development real estate transactions as well as traditional private equity investments totaling over $300 million in transaction volume.

  • 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, and led many transformational efforts to institutionalize Voss. Kelli also brings to the team many years of experience in corporate finance from her tenure at multiple publicly traded oil and gas firms.

  • Adam Hawkins

    Vice President - Acquisitions

    Adam Hawkins is the Vice President of Acquisitions for Partners Capital. Adam plays a key role in creating deal flow and supporting the acquisition platform for the Investment Fund. He is also actively involved in financial underwriting, due diligence, dispositions and fundraising. 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, is Controller of Partners Capital. Donna previously worked at Allen Harrison Company in Houston, Texas as SVP of Accounting and HR. While at Allen Harrison she was responsible for financial statements, taxes and reporting for their Investment Funds and multiple real estate entities. She was intricately involved in the acquisition, development, construction and management of real estate ranging from $30 – 70 million. Prior to AHC, Donna provided Controller and CFO services to privately held and start-up companies. Her real estate experience includes multifamily and commercial property management, international land development, finance, construction, investment and asset management.

  • Sloan Crady

    Analyst

    Sloan Crady serves as Financial Analyst for Partners Capital.

  • Lily Maldonado

    Marketing Coordinator

    Lily Maldonado is the Marketing Coordinator for Partners Capital.

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: 20+
    • 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

    Office Specialist
    • Years of Experience: 25+
    • Office Division