Who we are

Who We Are

Keener Investments is a value-add multifamily investor located in Houston, Texas. Keener Investments specializes in the acquisition and rehabilitation of under-managed or distressed Class “B” or “C” multifamily assets (apartment complexes).

Keeners Investment

Keener’s strategy involves targeting properties that offer a strong balance of current cash flow and future appreciation. We seek to increase cash flow and maximize returns by improving physical conditions of the assets, improving management, and deploying cost saving mechanisms.  We are currently focusing on the Houston and surrounding market areas.

As sponsors, we provide all of the startup capital for every transaction and significant amounts of capital for acquisitions. Keener is committed to investing in every deal we sponsor to ensure our profitability is aligned with our investors.

Keeners Investment

Our Team

Our Team
Keeners Investment

Stephen Smith

Managing Director and CEO  |   ssmith@keenerinvest.com

Stephen Smith is the founder and CEO of Keener Investments. Mr. Smith is an experienced entrepreneur and has an extensive background in finance. Prior to founding Keener Investments, Mr. Smith co-founded Clean Energy Capital in 2009, a boutique investment bank located in Houston, Texas. At Clean Energy Capital, Mr. Smith has advised clients on high profile projects, with transactions totaling over $17 billion.

Prior to co-founding Clean Energy Capital, he was an investment banker at both Citigroup and Lehman Brothers, where he specialized in energy project finance. Mr. Smith holds advanced degrees in finance and economics, and started his career as a financial economist for the national practice of Ernst & Young. He holds a master’s degree in finance from LSU, a master’s degree in economics from the University of Oregon, and a bachelor’s degree in business administration from the University of Oregon.

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Jerry Smith

Managing Director and COO  |   jsmith@keenerinvest.com

Jerry Smith is the COO of Keener Investments and brings a significant background of implementing accounting systems and streamlining back office processes to the firm. Prior to joining Keener Investments, Jerry served as Vice President and Controller of Freeport LNG, a privately held company with over $15 billion in assets. He joined Freeport LNG from his previous role serving as Vice President and Chief Accounting Officer of Cheniere Energy, a publicly traded company in the LNG business.

Mr. Smith began his career in public accounting at Arthur Andersen in 1999, and post-Enron with KPMG. He holds a master’s degree in accountancy from Abilene Christian University and is a Certified Public Accountant in the state of Texas.

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Eric Barnes

Corporate Controller  |   ebarnes@keenermanage.com

Eric Barnes is the Corporate Controller for Keener Investments and brings over fifteen years of public accounting experience in both audit and tax. Prior to joining Keener Investments, Mr. Barnes was a Senior Manager in public accounting, where he was responsible for managing all aspects of client engagements across the service lines of tax, audit, and business advisory. Mr. Barnes holds a bachelor’s in accounting from Sam Houston State University and is a Certified Public Accountant in the state of Texas.

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Chris Farmer

Director of Asset Management and Investor Relations  |   cfarmer@keenerinvest.com

Chris Farmer is the Director of Asset Management and Investor Relations and has an extensive background in operational planning and corporate budgeting.  Prior to joining Keener Investments, he served in various roles within Cheniere Energy, most recently Operations Planning Manager tasked with development and reporting of operational business plans as well as Corporate Budget Manager with oversight responsibilities for the corporate budgeting function with primary focus on the company’s multi-billion dollar LNG construction budgets.  Mr. Farmer began his career in public accounting with Arthur Andersen and KPMG and holds a bachelor’s degree in accounting as well as an MBA from Sam Houston State University.

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Sharon K. Carbaugh

Vice President of Operations  |   scarbaugh@keenermanage.com

Sharon Carbaugh is the Vice President of Operations for Keener Management and brings over 30 years of experience and expertise within the multifamily industry. Sharon is responsible for the oversight of all property management personnel and for implementing the strategies and business plans for each property within our portfolio. Sharon’s experience in management spans all asset classes of multifamily product ranging from workforce housing (class B/C) to luxury (class A).

Prior to joining Keener Management Sharon served as SVP, Director of Operations for WRH Realty Services from its inception in 1998 to 2018 (20 years). She was responsible for all aspects of operational and financial performance for an average of 40 properties/10,000 units in Texas, Oklahoma, Florida, Georgia, Tennessee and South Carolina.

Sharon is a CPM® (Certified Property Manager) with the Institute of Real Estate Management (IREM) and is also on the National Education Committee for IREM. Sharon’s other management affiliations include the National Multi-Housing Committee (NMHC), the National Apartment Association (NAA), the Texas Apartment Association (TAA) and the Houston Apartment Association (HAA).

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Holly Lubelski

Director of Transitions & Special Projects  |   hlubelski@keenermanage.com

Holly Lubelski is the regional supervisor for Keener Management and is responsible for the oversight of all personnel within property management. Ms. Lubelski has over 10 years of experience managing large properties. Prior to joining Keener Management, Ms. Lubelski has been responsible for managing all aspects of large properties with over 400 units on behalf of the Allied-Orion Group and Monument Real Estate Services. Ms. Lubelski has earned a number of awards and certificates in property management.

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Nabor Leon

Director of Construction  |   nleon@keenermanage.com

Mr. Leon has significant experience renovating and improving multifamily properties. Prior to joining Keener Construction, Mr. Leon was a Construction Manager for Sunstone Properties Trust. While overseeing renovation projects for Sunstone’s multifamily properties, he was responsible for the oversight of up to six work-crews, totaling over fifty people. Mr. Leon has also been trusted with the renovations of Multifamily properties that were owned by banks such as Chase, Wells Fargo, and Bank of America.