Patient capital for
real assets.
Mercuria Partners is a private investment firm for small, income-producing real estate in growing U.S. markets.
Partner experience:
- PwC
- Soñar Capital Partners
- Sentry Strategy
Mercuria buys, leases and operates real assets.
Partner 01 / 03
Will Watkins
Real estate investor and entrepreneur.
Will invests in real estate through his family office, holding long-term and short-term rental property. He also co-founded and invested in an operating business.
At Mercuria Partners he leads broker relationships and makes the calls on the deals the firm pursues.
- Real estate investing
- Family office
- Broker relationships
Partner 02 / 03
Charlie Adams
Big Four discipline, applied to real estate and private companies.
After almost two decades at PwC, where he became the youngest Private Company Services partner in the Southwest, he founded Soñar Capital Partners and Sentry Strategy. Texas courts appoint him as Receiver to take control of and sell assets, including real estate.
At Mercuria Partners he leads deal sourcing and evaluation.
- Former Partner, PwC
- Founder, Soñar Capital Partners
- Founder, Sentry Strategy
- Sentry Strategy profile ↗
- LinkedIn ↗
Partner 03 / 03
Nick Le
Nearly a decade building software and operations for growing companies.
He co-founded Sentry Strategy, an advisory firm supporting small and mid-sized U.S. businesses on accounting, finance, strategy and technology. Before that he led operations and product in regulatory technology across Australia, New Zealand and the United States.
At Mercuria Partners he builds the data and systems the firm uses to find, screen and evaluate deals.
- Co-Founder, Sentry Strategy
- Technology
- Operations
- Sentry Strategy profile ↗
Approach
Four habits, applied to every deal.
01Market
We pick the market first, then look for the deal inside it.
Job growth, low crime, schools, in-migration and tax climate come before any single property.
02Sourcing
We work directly with owners and brokers.
A partner makes the calls and builds the relationships.
03Terms
We look for sellers willing to help finance the deal.
We look for seller financing, assumable low-rate debt and properties that need little work on day one.
04Hold
We look for assets that do not need us on site every day.
Hands-off operations, and many small positions instead of one large bet.
Mercuria’s singular focus is small, income-producing real estate in growing U.S. markets, bought with seller financing or assumable debt.
Asset classes
- Single-family rentals
- Apartments, 20–100 units
- Self storage
- Car washes
- RV parks
- Destination short-term rentals
What we look for in a deal
- Income that covers the debt
- Seller financing or assumable debt
- Little or no fix-up
What a market must show
- Job growth
- Low crime
- Good schools
- In-migration
- New employers
- Reasonable taxes
How a deal moves
- Screen
- Confirm live
- Call
- Diligence
- Structure
- Hold
Partner experience
- PwC
- Soñar Capital Partners
- Sentry Strategy
Buy well. Hold simply.
Every deal has to earn its place twice: once at the price and terms we agree, and again in the income it can produce.
Questions
Common questions.
What does Mercuria Partners invest in?
Small, income-producing real estate: single-family rentals, apartment buildings of 20 to 100 units, self storage, car washes, RV parks and short-term rental homes in destination locations.
Where does Mercuria Partners invest?
In U.S. metro areas with job growth, low crime and steady in-migration, with a focus on Texas, the Mountain West and the Carolinas. RV parks and destination homes must sit within about two hours’ drive of a growing city.
How does the firm create value?
By buying at a disciplined price, using seller financing or assumable debt where available, avoiding heavy renovation, and spreading capital across many smaller assets.
Does this website offer investments?
No. This website is not an offer of securities. Any outside investment would be made only through private offering documents.
How does the firm check a deal?
The same way each time: still for sale, local competitors and rates, comparable sales, flood zone, water and sewer, and income recomputed.
Contact
Start a conversation with the partners.
Tell us who you are and what you are looking for.
- Owners and brokersProperty for sale, especially with seller financing or assumable debt
- LendersAssets that need a credible buyer