Chelsea Partners · Austin, TX
We acquire, renovate, and operate apartments in Texas.
About us
Chelsea Partners acquires multifamily and covered land assets in Texas growth markets. We focus on properties where operating performance can be improved through renovation, leasing, and expense management, and we manage that execution directly.
What we buy
Strategy
Multifamily, Covered Land
Investment Size
$10–$50M
Markets
TX Markets
01
In-house construction
Capital projects are delivered by a general contracting firm led by one of our partners, which has completed $63 million of capital work and 3,500 unit renovations in Texas. Renovation scope and cost are estimated by the team that performs the work, and underwriting carries those figures.
02
Underwriting
We underwrite to in-place operations and to entry basis rather than to an assumed exit. Our acquisition focus is on assets where ownership is motivated by operational or financial circumstances, which is where pricing most often diverges from fundamentals.
03
Investor reporting
Investors receive access to a reporting portal carrying monthly financial statements, performance against budget, distribution history, and quarterly reports, published on a fixed schedule.
Acquisitions · New York → Texas · 15 years
Zach Rosenberg
Managing Principal
Zach has spent fifteen years acquiring and operating multifamily in New York, Florida, and Texas, across $840 million of investment.
Before founding Chelsea Partners he was Portfolio Director and an Investment Committee member at the H.G. Fenton Company.
Earlier he led acquisitions at Greystone Development, a subsidiary of the FHA lender Greystone & Co, and at Meritage Homes, a publicly traded national homebuilder. He began his career as an owner's representative for MAK Realty, a second-generation New York family office, and then on the New York investment sales team led by Bob Knakal.
He holds a master's in Real Estate Finance from New York University and an undergraduate degree in Entrepreneurial Studies from Baruch College. He lives in Austin with his family.
Career Investments
Investments
Years Experience
Construction & operations · Austin · 23 years
Miriam Mejia
Partner
Miriam Mejia is a general contractor with 23 years in construction management and operations. As founder and CEO of Candid Services, an Austin-based general contracting firm, she has directed over $63 million in capital improvement projects, executing over 3,500 unit renovations and 10,000 turnovers for institutional clients including Blackstone, American Campus Communities, RPM Living, and The Cardinal Group.
Under Miriam's leadership, Candid Services has completed projects across the Austin, San Antonio, Dallas, Houston, and Corpus Christi MSAs. Before forming Candid Services she spent nine years in property management, in leadership positions at Austin management companies.
For the past seven years, Candid served as the preferred general contractor for the H.G. Fenton Company, completing over 700 unit renovations. As a Partner at Chelsea Partners, Miriam oversees all capital projects, giving the firm an in-house construction capability that delivers renovations with direct control over quality and cost. She lives with her family in Lakeway, TX.
Years Experience
Capital Projects
Apartments
Portfolio
Current investment · Austin, TX
Park at Wells Branch
A garden-style community we are renovating unit by unit as leases turn.
- 304 units
- Built 1987
- Wells Branch, North Austin
- Acquired March 2025
Contact
We welcome inquiries from prospective investors, and from brokers and owners with multifamily or covered land opportunities in Texas.
- Phone
- 917.399.3908
- Office
- Austin, Texas