Our Story

About Us

Our Philosophy

Serra Real Estate Capital was founded on one principle: assemble a team of expert real estate professionals who know the ins and outs of every aspect of development, finance, construction and property management. Then put them to work where your project needs them most. 

Unlike traditional firms, we cater our services to what your project needs to reach its full potential, whether it is financing, conceptual planning, development, construction or property management. 

We are guided by our motto, “Efficiency Through Expertise.” We prioritize maximizing value and minimizing costs, regardless of the project. 

Our Expertise

At Serra, we are dedicated to providing exceptional real estate development and capital market solutions, leveraging decades of industry expertise to deliver value-driven results for our clients. 

Our principals and partners are recognized leaders in their respective fields, bringing unparalleled expertise and insights to every project. They collaborate seamlessly, navigating complex challenges to implement innovative solutions that drive success. 

Our Story

About Us

Our Philosophy

Serra Real Estate Capital was founded on one principle: assemble a team of expert real estate professionals who know the ins and outs of every aspect of development, finance, construction and property management. Then put them to work where your project needs them most. 

Unlike traditional firms, we cater our services to what your project needs to reach its full potential, whether it is financing, conceptual planning, development, construction or property management. 

We are guided by our motto, “Efficiency Through Expertise.” We prioritize maximizing value and minimizing costs, regardless of the project. 

Our Expertise

At Serra, we are dedicated to providing exceptional real estate development and capital market solutions, leveraging decades of industry expertise to deliver value-driven results for our clients. 

Our principals and partners are recognized leaders in their respective fields, bringing unparalleled expertise and insights to every project. They collaborate seamlessly, navigating complex challenges to implement innovative solutions that drive success.

Our Success Brings Value to You

Real Estate Assets
$ 0 B
Managed Client Occupied Assets
$ 200 M
Active Developments
$ 200 M

Our Team

Our leadership team of seasoned professionals combines extensive knowledge in finance, development, construction and asset management to expertly guide clients through the complexities of the real estate finance and development market.

R. David Kelly

Managing Director and Co-founder

With over 35 years of experience in real estate and capital markets, Kelly has overseen more than $50 billion in transactions and developed over $3.5 billion in assets, while holding key leadership roles in public finance and governance. Read more.

Michael J. Lessel

Managing Director and Co-founder

With nearly 40 years of experience in development, construction, brokerage, and asset management, Lessel oversees all operational activities at Serra, having managed notable projects like the Dallas County government center and various ongoing developments. Read more.

Charles “Stan” Waterhouse

Special Advisor to Serra; Managing Director, CSW Advisory, LLC

Stan Waterhouse serves as a special advisor to Serra, bringing over 30 years of executive leadership and strategic expertise across hospitality, senior living, affordable housing and real estate sectors. Read more.

Herman Hill

Special Advisor

Herman Hill is a special advisor to Serra Real Estate Capital, leveraging more than 25 years of expertise in executive leadership, capital sourcing and real estate development. Read more.

Gregg Young

Special Advisor

Gregg Young serves as a special advisor to Serra, leveraging more than 40 years spent leading development and operations for commercial real estate sectors. Read more.

Martha Gurule

Martha Gurule

Controller

At Serra, we’re here to make your project a success, offering as little or as much guidance as you need, from start to finish.