About Us
Malabar Hill Capital is a Houston-based real estate development firm specializing in ground-up shopping center developments across high-growth Texas 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
We specialize in neighborhood shopping center developments, which generate stable income and high growth potential through:
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
Our investment strategy is focused on location – we prioritize master-planned communities because they provide:
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
Why Neighborhood Shopping Centers
Our developments are located in underserved, high-growth Texas markets – suburban corridors experiencing rapid residential expansion. These markets create an opportunity to serve essential needs and generate stable returns.
Our Shopping Centers Offer:
- High visibility and easy access
- Essential-service tenants like fitness, healthcare, & dining
- Long-term NNN leases with national & regional brands
- Low landlord overhead and operational management
Why We Build In or Around Master-Planned Communities
Many of our centers are located within or adjacent to large master-planned communities – expansive developments with thousands of homes, schools, and recreational amenities. These locations provide a built-in customer base and long-term retail demand.
Advantages of Building in MPCs:
- Thousands of nearby homes = reliable foot traffic
- Access to key, existing infrastructure = lower risk & faster timelines
- Limited supply of commercial parcels = long-term value protection
By aligning our shopping center developments with the growth of Texas’s most desirable residential communities, we build commercial assets that are resilient, high-performing, and positioned for success.
Management Team
Mounang Desai MD MBA
CO-FOUNDER AND MANAGING PARTNER
Parvez ‘Chris’ Merchant
CO-FOUNDER AND MANAGING PARTNER