# TRC Capital Partners

TRC Capital Partners is a Multi Family Office based in Houston, United States.

## Overview

- **Organization type:** Multi Family Office
- **Headquarters:** Houston, United States
- **Region:** North America
- **Address:** Houston, TX, United States
- **Founded:** 1990
- **Assets under management:** Undisclosed
- **Website:** trccapitalpartners.com
- **LinkedIn:** https://www.linkedin.com/company/trccapitalpartners

## Regulatory record

- **Reports private funds:** No

## About

TRC Capital Partners traces its origins to 1990 when Steve Lerner established the firm in Houston. The wealth base stems from Texas real estate and hospitality projects, notably the Houstonian Hotel. Lerner continues to serve as CEO while Kellie Jenks holds the role of president. The firm targets buyout and growth opportunities in real estate through direct co-investments and SPVs. Asset classes include commercial office, mixed-use developments, and hospitality properties. Confirmed holdings encompass 1001 McKinney, Regions Financial Center, Campanile South, Fernweh in New Braunfels, the Intercontinental Houston Medical Center Hotel, BBVA Compass Plaza, Hyatt Regency Town Lake in Austin, Hilton Dallas/Rockwall, and Hilton Westchase. Activity centers on North America with primary execution inside Texas. Deployment scale remains undisclosed. The team maintains memberships in the Urban Land Institute Houston chapter and the Institute of Real Estate Management. Steve Lerner chairs Harris County Improvement District #1. Philanthropic commitments include Buffalo Bayou Partnership, Congregation Beth Israel, and Hope Stone, Inc. No operational events from the last 24 months appear in available records. TRC structures its activity around long-term ownership of operating real estate assets rather than fund commitments or broad venture allocations. Governance ties to local improvement districts and industry associations supply deal access within the Houston market.

## Sectors

- PropTech
- Healthcare Services
- Distressed & Turnaround

## People

- Steve Lerner — CEO
- Kellie Jenks — President

## Questions

### Who runs investment decisions at TRC Capital Partners?

Steve Lerner serves as CEO and founder. Kellie Jenks serves as president. Both hold operating roles in acquisitions and property management.

### How does TRC Capital Partners source proprietary deal flow?

The firm draws on memberships in Urban Land Institute Houston and leadership of Harris County Improvement District #1. Local real estate relationships and joint-venture partners such as Medistar Corp supply access.

### Does TRC Capital Partners participate in fund commitments or only direct deals?

TRC executes through direct co-investments and SPVs focused on property acquisitions and development. No fund commitments are referenced in its activity.

### What investment stages does TRC Capital Partners typically target?

The firm targets buyout and growth stages within real estate. Emphasis rests on existing assets that can be repositioned or stabilized for income and appreciation.

### Does TRC Capital Partners maintain philanthropic structures, and how are they separated?

The firm lists support for Buffalo Bayou Partnership, Congregation Beth Israel, and Hope Stone, Inc. These commitments sit outside the core investment vehicles.

### What is TRC Capital Partners known posture on co-investments alongside external GPs?

TRC forms joint ventures with operators such as Medistar Corp and Amstar America on specific hotel and office assets. Co-investments remain property-specific rather than broad GP relationships.

## Related profiles

- [Aura Group](https://altss.com/profile/aura-group)
- [Fusion Family Wealth](https://altss.com/profile/fusion-family-wealth)

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Last updated: 2026-06-03T20:00:00.000Z

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