Merrill graduated from Washington University School of Law in St. Louis in 1999, where he subsequently joined Gardere as a corporate bankruptcy and restructuring lawyer. After four years of extensive experience in some of the largest bankruptcies and workouts in the history of the U.S., Merrill left Gardere for a boutique firm that had focused on commercial real estate restructuring and workouts. In 2008, Merrill became a sole practitioner where his primary practice area was corporate, real estate, and creditor representation. Merrill’s law firm (www.kaliserlaw.com) has represented over 800 multi-family transactions/syndications nation-wide valued at over $3.5B.
Also, in 2008, Merrill co-founded Longhorn III Investments LLC. The company quickly became the premier hard money lender on non-owner occupied single-family properties in the state of Texas. Two years later, Merrill co-founded Trident Realty Investments LLC, a 506(b) Reg D fund that became the main funding source for Longhorn III, providing $50M in capital.
In 2012, Merrill formed Longhorn IV Investments LLC to co-venture with Building and Land Technology (BLT), a large privately held real estate developer, manager and private equity firm. Longhorn and BLT jointly bought, rehabbed, leased, and property managed over 1,075 single family rentals. During this time, Merrill developed a proprietary software platform for acquisition and construction management, and founded the property management company Lone Star 4 Rent. In April 2015, the portfolio was sold at a significant profit to a large private Canadian real estate group. At the time of sale, the portfolio was valued at $105M.
From 2016-2018, US REVI originated, rehabbed, leased, and eventually facilitated the sale of 1,400 SFRs for Ovation Partners, a $700M private equity firm based in Austin. This portfolio was valued at over $200M and generated a substantial gain at sale. To date, his team has bought, rehabbed, leased, property managed and sold over 9,500 SFRs in 5 states.
Merrill’s latest venture is Axiom Workforce Fund I, which is a 506(c) fund of multiple multifamily assets created for consistent cashflow, capital preservation and tax efficiencies. While the fund was created in July of 2019, it already has 3 multifamily assets (384 units) and a 116 unit storage facility. His fund will try to acquire 2-3 properties per quarter to maximize diversification, cashflow, tax efficiencies and changes in market conditions.
Merrill continues to have a thriving law practice which primarily focuses on corporate structure and multifamily and commercial real estate syndications. In addition to his J.D., he holds a B.A. in Sociology from the University of Texas in Austin.