We are a Dallas-based real estate investment company

We believe the success of real estate investing is primarily driven by the operator/sponsor’s ability to execute a business plan.

About Us

Historically an office investment sponsor, Menyon Capital Partners (“MCP”) sees a broad opportunity in flex and light industrial sectors. Our flex and light industrial investment strategy is to acquire and/or develop flex industrial, flex office, shallow bay distribution/warehouse, and light manufacturing. We will key in on industrial submarkets anchored by business & consumer-oriented user demand.

Our competitive advantage emanates from 28 years of collective experience that consist of institutional investments as principals, corporate real estate and tenant representation. Our competitive advantage translates into the following attributes: An in-depth knowledge of the factors driving user demand; extensive contact network that will generate investment opportunities; ability to acquire with discipline; situationally aware that executing a business plan requires a sense of urgency. We believe our skill sets gives us a unique advantage over other flex industrial investors and sponsors.

MCP was formed by, Bobby Jefferson in 2010 to capitalize on his expertise in real estate investments. After reviewing approximately twelve hundred (180MM SF – $18B) deals, underwriting and submitting offers on (52.5MM SF-$5.2B), MCP has organically capitalized $42MM in total investments, which is comprised of three partnerships, and six office buildings totaling 382K SF.  MCP currently has $17MM under asset management.

Prior to forming MCP, Mr. Jefferson was VP of Investments for Parmenter Realty Partners, in the Southwest region. During his tenure with the firm, he was involved in the acquisition of office investments totaling 2MM SF and valued at $200 MM. His 28 years of real estate experience includes owner/operating, acquisitions/dispositions (principle and as a real estate executive) of investment properties, asset management, capital raising, leasing and corporate real estate. During his career, he has been involved in commercial real estate transactions that total over $1 billion. Prior to joining Parmenter, Mr. Jefferson served as a acquisitions/dispositions analyst with INVESCO Real Estate where he was involved in the acquisition and disposition of office, retail, industrial, and multifamily investment properties totaling over $700 million in value. Prior to joining INVESCO, Mr. Jefferson worked in various roles with Charter Holdings, USI, Staubach and Swearingen.  Mr. Jefferson received a BBA in Finance from Baylor University in 1995.

 

Investment Strategy

Geography

We are targeting major cities in Texas and secondary cities within the Sunbelt:

  • Texas – Dallas, Houston, San Antonio, and Austin (in order of priority)
  • Secondary Markets – El Paso, TX, Lubbock TX, Baton Rouge, LA, New Orleans, LA, Waco, TX, Oklahoma City, OK, Tulsa, OK, Birmingham, AL, Montgomery, AL, Huntsville, AL, Jacksonville, FL, Tampa Bay, FL, Gainesville, FL, Tallahassee, FL, and Little Rock, AR.

Transaction Size

    • $3MM – $20MM; up to $100MM for portfolios

    • 25-120 K SF single asset investment

    • Class B & C; Class A on a select basis

    • 70’s, 80,’s & 90’s and earlier vintages

MCP Investment Criteria

Major Metropolitan cities in the sunbelt with a primary focus on Austin, Dallas/Fort Worth, Houston & San Antonio.

Invest in submarkets with proven demand for office that have a high concentration of well educated workers.

Discount to replacement cost/& Discount to the competitive set’s ownership basis.

Prefer superior Class B office buildings in “A” locations nearby walkable retail and multi-family housing.

Prefer 50%-80% leased (assuming there is upside in the rent roll, we will evaluate opportunities that are 80%+ leased) $5 million – $25 million.

Property Investments can range from:    $15 million – $50 million.

Our Portfolio

6500 Greenville – (Dallas Suburb), Texas (Unrealized)

Class B Office Building complex totaling 114,525 SF

  • Acquired 4th Quarter 2019
  • Class “B”, seven story, multi-tenant office building totaling 114,525 SF
  • Central Expressway Submarket
  • 87% leased and occupied at acquisition
  • Core-plus investment generating a value-add projected return of 24%
  • Projected 2x multiple and 4 Year projected hold period
  • Currently 90% leased, achieved rents $3 PSF above underwriting
  • Projected sale 2024-2025

    Vineyard Centre I & II- Grapevine (Dallas Suburb), Texas (Sold)

    A Class B Two Building Office complex totaling 68,755 square feet

    Investment Rationale

    • Acquired off-market
    • Deed in Lieu of Foreclosure
    • 60% below replacement cost
    • 76% occupied at purchase
    • Owned by a cash constrained TIC Partnership in an improving market
    • Re-branded the asset in the market
    • Improved occupancy to 87%
    • Executed new leases $1.50-$2.00 PSF above underwritten market rents
    • Realized IRR was 33%; 2X multiple

    Leadership

    Bobby Jefferson

    Mr. Jefferson formed MCP in 2010 to capitalize on his expertise in real estate investments. After reviewing approximately 1,200 ($180MM SF – $18B) deals, underwriting and submitting offers on (52.5MM SF-$5.2B), MCP has organically capitalized $42MM in total investments, which is comprised of three partnerships, and six office buildings totaling 382K SF. MCP currently has $17MM under management.

    Prior to forming MCP, Mr. Jefferson was VP of Investments for Parmenter Realty Partners in the Southwest region. During his tenure with the firm, he was involved in the acquisition of office investments totaling 2MM SF and valued at $200MM. His 28 years of real estate experience includes owner/operating, acquisitions/dispositions (principle and as a real estate executive) of investment properties, asset management, capital raising, leasing and corporate real estate. During his career, he has been involved in commercial real estate transactions that total over $1 billion.

    Prior to joining Parmenter, Mr. Jefferson served as an acquisitions/dispositions analyst with INVESCO Real Estate where he was involved in the acquisition and disposition of office, retail, industrial, and multifamily investment properties totaling over $700MM in value. Prior to joining INVESCO, Mr. Jefferson worked in various roles with Charter Holdings, USI, Staubach and Swearingen. Mr. Jefferson received a BBA in Finance from Baylor University in 1995.

    Advisory Board

    Art Buser

    Art Buser has been a principal and investment sales broker in commercial real estate for over 25 years. He was CEO and member of the board for a NYSE-listed REIT. In addition, he has run hotel investment sales for the two largest commercial brokerage firms; one for North America and the other being Asia Pacific.

    Evan Stone

    Evan Stone has been on all sides of the table over his career as a lender, principal, and investment sales broker. Over the last 25 years, he has specialized in the capital markets with three of the largest commercial brokerage firms, before starting his own boutique capital markets firm in 2020.

    Walt Bialas

    Walt Bialas is a seasoned real estate professional with more than 30 years of creative problem-solving experience in consulting, banking, and development. By virtue of a long-standing career in evaluating and research of real estate across the U.S., he has comprehensive knowledge of all the major markets and property types, as well as a particular strength in quickly assessing market dynamics and their implications on project feasibility.

    Jon Estreich

    Since founding Estreich & Company in 1986, Jonathan Estreich has successfully placed over $75B in debt and equity secured by office, retail, residential, industrial and hotel properties. Prior to founding the firm, Mr. Estreich was the head of real estate for New York City at National Westminster Bank USA, and a loan officer at Mellon Bank. Mr. Estreich along with Jeffrey Feil, Jay Anderson, Ramius Capital, and Morton Olshan is a founding partner in the RCG Longview debt and equity funds. The first fund was started in 1999 and over the last sixteen years they have established five debt and two equity funds. The funds have raised over $3.5 B and originated over 450 transactions.

    Previous Experience

    Properties acquired by Mr. Jefferson prior to forming Menyon Capital

    Get in touch

     214-682-2034

    bjefferson@menyoncp.com

    5700 W. Plano Parkway, Suite 1000

    Plano, TX 75093