At Merito Partners, we believe that success comes from having the right people, clear goals, and strong responsibility. That’s why our real estate investments are not just about finding good opportunities — they are about putting the right experts in charge.
Our real estate platform, Merito Partners Real Estate Management AIFP, is built on two main strategies:
- Working with top developers through smart partnerships to build strong, market-ready projects.
- Finding hidden value in special situations, like old or underused buildings, and turning them into high-performing assets.
Each strategy is led by a dedicated team with the knowledge and motivation to get things done. This setup allows us to take on a wide range of projects — from improving city areas to creating more affordable housing — always aiming for strong returns for our investors and a positive impact on the cities we work in.
Unlocking Alpha: Partnering with Agile Developers
In real estate, the biggest profits don’t come from big, standard new developments with low margins. The real opportunity is with small, smart developers who know the market well — they find overlooked buildings, win auction deals, or buy real estate that others miss. These projects can deliver much better returns.
But small developers often struggle to raise money. They usually collect funds one project at a time from many investors, which takes time and distracts them from their main job — delivering great results.
At Merito, we offer a better way. We provide reliable funding and work as a single, professional partner — making the process faster and simpler for developers, while protecting our investors’ interests.
Here’s how we do it:
- Strong oversight. We track how capital is deployed and spent, keep investors informed, and maintain control in each project through Merito-appointed board members and shareholder agreements that govern key decisions.
- Developers invest alongside us. We only work with developers who have a proven track record and who invest 15–35% of the capital themselves. This ensures they are fully committed to the success of each project.
- Investor protection first. We use a structure that returns money to investors before profits are shared. This helps reduce the risk for our investors.
In this market, speed and credibility close deals—not capital alone. Our edge is in removing friction for developers while giving investors structures they can trust. After just two months in market, we’ve launched our first partnership project—and we’re on track to become the go-to equity partner for the region’s most compelling opportunities.
This strategy is led by Oto Davidovs, Real Estate Fund Partner at Merito Partners. Oto holds a BSc in Finance from the Stockholm School of Economics in Riga and brings over a decade of experience in corporate banking and private advisory, having worked firsthand with these developers.
- Private Advisory: Guided developers on capital raises and deal structuring, bridging the gap between their vision and institutional capital.
- Head of Lending Department: Managed a €300 M+ loan portfolio, structuring finance for developers across the Baltics.
- Deal Origination: Personally originated and underwrote loans for entrepreneurial developers—earning deep insight into their strengths and challenges.
Unlocking Value in Special Real Estate Situations
This strategy is driven by Merito’s in-house team with deep local presence and full execution capabilities. It focuses on special situation real estate — underappreciated, undervalued, or mismanaged assets where value can be unlocked rapidly through targeted action.
The approach is fast, flexible, and driven by deep market access. Whether it’s acquiring assets ar attractive valuations, converting use types, breaking up properties for partial sales, or restructuring tenancy and operations to enhance cash flow, this team thrives in dynamic, deal-driven environments. .
This strategy is led by Jānis Šīns and Igors Terehovs, both respected veterans of the Latvian real estate sector with long-standing leadership roles at Latio, Latvia’s premier property investment and brokerage firm.
- Igors Terehovs, also a Real Estate Fund Partner, has over 15 years of experience in asset management and investment advisory. Over his career, he has managed more than €250 million in real estate transactions, covering a diverse range of asset classes and investor profiles. He holds a Diploma in Finance from the London School of Economics, equipping him with a sharp global outlook paired with deep local expertise.
- Jānis Šīns, Real Estate Fund Partner, brings over 20 years of experience in real estate investment brokerage and strategic team leadership. A serial and verified investor, Jānis has a consistent track record in high value-add real estate projects, supported by a strong academic foundation from BA School of Business and Finance.
Together, Jānis and Igors combine institutional-level investment discipline with street-level insight, enabling Merito to capture opportunities that others overlook — and deliver tangible, high-yield results.