River City
Capital Partners
Land Acquisition | Entitlement | Development
River City Capital Partners is a developer of innovative residential and commercial infill projects in Austin and across Central Texas. Our firm’s portfolio includes multifamily, mixed-use, and suburban residential communities. The principals of River City Capital Partners bring over 65 years of combined experience in real estate development, construction, acquisitions, divestitures, property management, land planning, government regulation and finance to create valuable, successful projects for our clients.
We focus predominantly on multi-family, mixed-use, land acquisition to entitle and resale, and development of large land acreage.
Who We Are
Cory Older
Co-Founder & President
As President, Cory oversees company operations with an emphasis on the financial aspects of RCCP’s projects. Cory’s professional career started as an Audit Consultant at Deloitte, where he honed his financial skills. He later served as the Corporate Controller and Director of Commercial Real Estate at the central offices of Keller Williams Realty International. Holding dual distinctions, he earned both a Bachelors and a Masters Degree in Accounting from the University of Arizona.
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Rich Leisy
Partner
Rich spent the first 18 years of his career with developer/builder Ryan Companies and previously served as Vice President of Construction Operations and then Vice President of Industrial Development in the Austin market.
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Peter Kehle
Co-Founder
Peter, for over 30 years, founded successful ventures in finance, construction, and real estate development. He co-founded River City Capital Partners with the objective of creating opportunities for investors to protect and grow their wealth. Real Estate strategies include short-term and long-term land holding, land entitlement for resale and development of multiple asset classes for immediate sale or long-term hold.
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Daniel McElrath
Senior Director of Development
Daniel is a 7th generation Austinite with over 10 years of experience in the real estate and construction industries. He has acquired, entitled, and developed a variety of Central Texas based projects spanning everything from 600+ acre suburban master plans to infill podium projects, totaling over 5,000 residential units and 200 acres of commercial use.
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Naoma Zoller
Operations Manager
Naoma brings two decades of legal experience in real estate, corporate, and title work to the group, as well as her organizational and people skills. Her attentiveness to our investors, as well as our vendors, is outstanding. She coordinates the accounts payable department, assists with construction draws, drafts contracts and corporate documents for River City Capital Partners and its affiliates.
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Michael Tabler
Director of Finance and Accounting
Michael joined River City Capital Partners in November 2023, bringing a strong background in finance and accounting from his experience as an accountant and controller in the Commercial and Hospitality Real Estate industries. Before that, Michael spent four years as an auditor at a regional public accounting firm and worked as a commercial lender at a small community bank while pursuing his graduate studies.
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Investment Strategy
While market data drives selection of project locations, the product class and type is not standardized. An integral part of River City’s approach during the design process is to consider the surrounding environment and community as a whole to create the right look and feel for a successful development. The firm’s guiding mission, “value creation for all stakeholder – investors, community, and tenants”, is primarily through a develop and hold strategy.
Opportunity Zone Expertise
River City Capital Partners has gained significant expertise in the opportunity zone space. When the 518-unit Urban East project broke ground in Q1 of 2021 it was one of the largest opportunity zone real estate developments in Austin. The firm has continued to lead in this space with the Q2 2023 groundbreaking of its multiphase Parmer Gateway project containing hotel, retail and 1,100 units and acquisition of 6610 East Riverside Drive.