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OUR HERITAGE and OUR LEGACY
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OUR HERITAGE and OUR LEGACY

about US

Water Oaks Capital seeks to invest in great businesses that serve distinct market trends by deploying investor equity alongside the Harper Family capital.

OUR Team

Jonathan Harper
Jonathan Harper

Jonathan is the Managing Partner at Water Oaks Capital.  Prior to starting Water Oaks Capital, Jonathan sourced and analyzed transaction opportunities at E2M Partners, a $600 million real estate private equity fund. He has served for four years as a partner and strategic advisor at a student housing developer and operator.  Jonathan worked early in his career with the Trammell Crow Company in both its Dallas and London offices.  Jonathan holds a B.A. from Wake Forest University and an M.B.A. from Northwestern University Kellogg School of Management.

Zac Allen
ZAC ALLEN

Zac is Director of Investor Relations at Water Oaks Capital.  Zac has also played the same role for Verdant Frontiers, an Ethiopian, double-bottom-line, Venture Firm.  Prior to that, Zac spent the past 12 years in the ministry, as the founding and lead pastor of Austin Bible Fellowship, which successfully merged with The Austin Stone Community Church under his leadership.  Zac holds a B.A. from Carson-Newman University, where he led his football team to two Division II National Championship games.  Zac also holds an M.A. from Dallas Theological Seminary. Zac is married to Jennie, and they have four children.

OUR portfolio

Student Housing
he Water Oaks Capital team has been involved in the development of over 10,000 beds across 15 campuses in the United States. Water Oaks Capital continues to search for conservative investment opportunities at campuses that are poised for long-term enrollment growth.
Pecan Farm
Water Oaks Capital has partnered and invested with a professional management team in the pecan industry. The team has assembled both mature orchards and land for pecan orchard development and is producing premium quality pecans through their newly formed brand.
Memory Care
Water Oaks Capital has created a partnership to invest in select markets across the United States with a best-in-class operator of memory care communities.  As baby boomers retire, the number of memory care units will need to double over the next 20 years to meet the increased demand. Water Oaks Capital, along with its operating partner, will meet this demand by establishing the highest quality communities and care available in the marketplace.
Rare Minerals
MS Industries is a research and mining development company that produces and ships direct-from-the-mine high grade industrial silica sand products.

our Disciplines

Water Oaks Capital has developed its investing rules principally from the long-term study of renowned value investors Benjamin Graham and Warren Buffett. Our principal investing rules all focus on one fundamental goal: to acquire businesses and assets below their intrinsic value.

Margin of Safety

Assets trade at odds of intrinsic value over long periods of time. Always buy well below intrinsic value to ensure margin of safety.

Inner Scorecard

“You cannot do well in investing unless you think independently. You are neither right nor wrong because people agree with you. You are right because facts and reasoning are right.” –Warren Buffett

Focus

Imagine that you have a card with 20 investment “punches” in a lifetime.  Every investment decision uses one punch. Resist the temptation to dabble.

Leverage

Capital preservation is our primary goal. Always question whether financial leverage or a certain level of financial leverage creates unnecessary risk.

THE BEST TEAM IN THE WORLD

WESEÒY DOE
Creative Director
LAURA WILLIAM
General Manager
BRYAN CHAN
Chief Executive Officer
sara vonde
UI/UX Designer

THe Water Oaks Legacy

The Harper Family ancestors migrated to Northeast Texas in 1838.  Around 1900, the family ancestors purchased 200 acres of land in Pittsburg, TX.  It was on that land that Jonathan Harper’s grandfather, William Rex Spencer, was born and raised.

During the Korean War, Spencer earned the title Pacific Air Commander of the United States Air Force. Throughout his military service, Colonel Spencer would send his hard earned savings back to his parents in Pittsburg to purchase land contiguous to the family homestead.

Before his death in 1976, he had built his dream home, accumulated approximately 1,000 acres that focused on loblolly pine timber production, and named it Water Oaks Farm.

Today, six generations removed from the original land purchase, the Harper Family gathers regularly to enjoy the fruits of their ancestors’ hard work and sacrifice.  Jonathan Harper is the active manager of the family timber business and named Water Oaks Capital in honor of his family heritage and legacy.  Jonathan’s goal is to steward his family resources for his three boys and for the many generations to come.

Contact Us

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3100 Monticello Ave.
Suite 860
Dallas, Texas 75205

Phone: 1.214.730.0447
Email: 

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