About Us
Malabar Hill Capital is a Houston-based real estate development firm specializing in ground-up shopping center developments across the Houston and Austin markets. With 50 years of combined experience, our team has built a reputation for delivering high-quality projects that generate superior, risk-adjusted returns for investors.
Our strategy is built on securing prime parcels of land within or around established and rapidly growing master-planned communities. These locations provide a built-in customer base, efficient infrastructure, and controlled development standards—key factors that drive long-term stability and value creation.
At Malabar Hill Capital, we take a merchant builder approach—developing assets at cost, leasing to high-quality national and regional tenants, and exiting at market value. This ensures shorter investment periods and strong, risk-adjusted returns.
Why We Focus on Retail Development
Long-Term Leases
National and regional tenants sign multi-year leases, ensuring reliable cash flow.
Lower Operating Costs
Triple Net (NNN) lease structures pass property expenses (taxes, insurance, and maintenance) onto tenants, protecting investor returns.
Consistent Cash Flow Growth
Contractual rent increases drive long-term value appreciation.
Hands-Off Management
NNN leases reduce landlord responsibilities, making these investments highly efficient.
High-Traffic Locations
Our projects are positioned in thriving communities with strong retail demand and limited competition.
Why We Build in Master-Planned Communities
Built-in Demand
A steady flow of customers from thousands of nearby residents ensures business success.
Predictable Development & Returns
Community design guidelines expedite construction and stabilize investment performance.
Infrastructure Efficiency
Pre-existing roads, utilities, and drainage lower development costs and mitigate risk.
Exclusive Land Opportunities
Supply-constrained, high-visibility locations drive long-term appreciation.
Target Investment Highlights

Retail Investment Highlights
Pursue developments of between 15-20K sq. ft. retail shopping strips with high visibility, access to adjacent existing grocery, power and lifestyle retail assets in a select list of high growth Houston sub-markets
These submarkets will be in some of the most desirable places to live with plenty of strong demographics and abundant retail and entertainment options. The Houston market has been the primary beneficiary of job movement from the east and west coasts in recent years and has the highest concentration of new home starts.
Master Planned Community Investment Highlights
MH Capital chooses to develop land within the commercial reserves of master-planned communities because these developments offer a number of advantages over other types of commercial developments. These advantages include:
- Built-in customer base
- Predictable market
- Convenient location
- Amenities and services

Management Team

Mounang Desai MD MBA
CO-FOUNDER AND MANAGING PARTNER

Parvez ‘Chris’ Merchant
CO-FOUNDER AND MANAGING PARTNER