REV. 04
Commercial Real Estate — Investment & Development
We underwrite
buildings that
outlast cycles.
Meridian Tower acquires, repositions, and develops institutional-grade commercial real estate across gateway and secondary markets — with a bias toward assets we can improve, not just own.
Investment Thesis
We buy what
others overlook.
Our capital targets mispriced assets in structurally sound submarkets — buildings with good bones, tired operations, and a clear path to institutional quality. We hold a three-to-seven year window and underwrite every deal to a downside case first.
01 — OFFICE
The Colston, Austin CBD
412,000 SF
Acquired a 1980s office tower at 41% below replacement cost. Full mechanical retrofit and lobby repositioning lifted rents 22% within 18 months of stabilization.
02 — INDUSTRIAL
Meridian Logistics Park, Pflugerville
680,000 SF
Ground-up last-mile distribution campus underwritten against Austin's five-year population growth curve. Pre-leased 60% before shell completion.
03 — MIXED-USE
Rainey & 4th
298,000 SF
Adaptive reuse of a former printing plant into ground-floor retail with creative office above. Preserved the original steel truss roofline as a design anchor.
How We Underwrite
A process built to survive being wrong.
Every deal we've regretted skipped a step below. So we don't skip steps. The sequence is slower than our competitors' — and it's why our loss ratio isn't.
Source off-market
Roughly 70% of our deal flow never touches a broker's list. Two decades of relationships with regional owners, lenders, and family offices surface assets before they're marketed.
Underwrite to the downside
Every model runs three scenarios: base, stress, and a deliberately pessimistic exit. If the deal doesn't clear our hurdle rate in the stress case, it doesn't get a term sheet.
Diligence in the field
Our team walks every roof, every mechanical room, every parking structure before close. Reports get read after the site visit, never instead of it.
Reposition with discipline
Capital plans are phased and tied to leasing milestones, not a fixed calendar. We spend on what moves rent, and we say no to the rest.
Hold, then exit deliberately
We underwrite a hold period at acquisition and revisit it annually. We've held assets nine years and sold others in two — the thesis decides, not the calendar.
Portfolio Detail
The details are the underwriting.
We photograph every asset the way we underwrite it — up close, in natural light, without staging. What you see is what we bought.
FIG. 01 — SKYLINE STUDY, GATEWAY MARKET
FIG. 02 — CURTAIN WALL DETAIL
FIG. 03 — LOBBY, THE COLSTON
By The Numbers
Track record, not talking points.
FIGURES AS OF Q2 2026 — PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS