About
TRC Capital Partners is a privately held firm that invests primarily in the Texas market.
Over the past twenty-five years, TRC has invested both private and institutional capital in real estate assets with an aggregate value of over $950 million, and our portfolio has included over $575 million in hospitality assets and over $400 million in commercial real estate.
TRC believes a common theme across all its investments, and a key factor to its historical and continued success, is the firm’s adherence to identifying and improving value.
As each year passes, TRC’s experience and capabilities deepen as a result of its continued commitment to a value-oriented strategy. From the outset, the company demonstrated remarkable strengths in identifying, acquiring, recapitalizing and refurbishing underperforming assets.
Today, TRC is strategically focused on real estate acquisitions, development and growth opportunities, primarily in the Texas market. Notable TRC real estate projects have included BBVA Compass Plaza, Regions Financial Center, The Redstone Building, Houstonian Hotel, Club & Spa, Hyatt Regency Town Lake, Hilton Dallas/Rockwall, and Hilton Westchase.
STEVE LERNER, CEO
Steve Lerner serves as the CEO of TRC Ventures, LP (formerly The Redstone Companies, L.P.) and TRC Capital Partners, LLC. Steve previously held the position of CEO of Redstone Companies Real Estate, LLC and Executive Vice President and General Counsel of The Redstone Companies and served as an Executive Vice President of numerous Redstone-related entities. Prior to joining Redstone in 1998, Steve was a partner at the Houston law firm now known as Schlanger, Silver LLP.
Steve graduated with honors in Government from the University of Texas and is an honors graduate of the University Of Texas School Of Law in Austin, where he was a member of The Texas Law Review. Steve serves as the Chairman of the Board of Directors of Harris County Improvement District #1 (the Uptown District). Steve also serves on the Board of Directors of Veritex Holdings, Inc. (NASDAQ: VBTX) and Veritex Community Bank.
KELLIE JENKS, PRESIDENT
Kellie Jenks is the President of TRC Capital Partners, LLC and TRC Ventures, L.P. Kellie is responsible for strategy and execution of the investment and development platforms, as well as the newly formed property management division. Prior to joining Redstone, Kellie was a Vice President at Rockspring Capital and focused on developing institutional equity relationships. She also held positions as Investment Manager of a $400 million office portfolio at the Lionstone Group and an Associate at Goldman Sachs within the Whitehall Funds where she helped manage a $1.2 billion hotel investment platform.
Kellie serves on the board of Buffalo Bayou Partnership, Hope Stone, Inc and previously served as the Investment Treasurer for the Junior League of Houston. She received her B.S. in Chemical Engineering from Texas A&M and her M.B.A. from Columbia Business School.
CHRIS DENDTLER, PARTNER
Chris Dendtler is a Partner and is primarily responsible for investment management, cash flow modeling, development project management, as well as sourcing and executing new real estate investments. Prior to joining TRC Capital Partners, Chris was an entrepreneur in senior’s healthcare and spent three years at The Lionstone Group where he acquired, managed, and sold over $500M of commercial assets nationwide.
Chris received his M.B.A. from Johns Hopkins University and his B.A. in International Business from Trinity University.