Patterson recently helped Pope & Land Real Estate source JV equity financing for its acquisition of 100 Midtown, a 118-unit, 330-bed student housing community in Atlanta. The project is located on 10th Street in Midtown near Georgia Tech.

ATLANTA BUSINESS CHRONICLE ARTICLE

Patterson Real Estate Advisory Group (“Patterson”) is pleased to announce the recent addition of two partners to the firm: Lauren Hanley and Austin Smith. The two join current partners Lance Patterson, Ken Grimes, Bill Mealor, Todd Flaman, Suzanne Holman, Barry Olson, Laura Cloud, Margaret Wells, and Laura Friddell.

‘”I am very proud to announce that Lauren Hanley, Managing Director in our Tampa office, and Austin Smith, Market Director of our Charlotte office, are the newest partners in our firm,” commented Lance Patterson, CEO of Patterson. “Lauren and Austin have been with us for several years, and both are great at what they do. More importantly, they’re both hard-working, bright, and wonderful people. We are fortunate to have them as colleagues, and I look forward to many more years of working with them.”

PRESS RELEASE

ATLANTA BUSINESS CHRONICLE ARTICLE

CHARLOTTE BUSINESS CHRONICLE ARTICLE

Patterson Real Estate Advisory Group is pleased to announce its involvement in assisting TRUX Parking and Albany Road Real Estate Partners acquire a portfolio of IOS sites across the U.S. In 2022, Patterson arranged a programmatic joint venture partnership between TRUX Parking and Albany Road Real Estate Partners. The partnership has since acquired six sites, including three sites recently financed by ServisFirst Bank, located in Salt Lake City, UT, Greensboro, NC, and San Antonio, TX.

Bill Mealor, Senior Managing Director and Partner at Patterson, noted, “We are thankful to continue our relationship with the TRUX and Albany Road teams, having arranged their partnership last year. It is exciting to watch the team realize their business plan while the IOS asset class continues to institutionalize. Chip Patterson’s (TRUX’s CEO) immense knowledge in the parking business from his time running AmeriPark combined with Albany Road’s institutional experience is proving to be a strong and capable sponsorship in this space. We have been pleased with the level of debt responses not only in recognition of the sponsorship’s strength but also in recognition of the strong tailwinds driving fundamentals in the IOS space.”

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Bill Mealor, Senior Managing Director and Partner of Patterson Real Estate Advisory Group in Atlanta, spoke on a panel this morning with other local commercial real estate leaders to discuss “Deal Flow – Bridging the Gap Between Buyers & Sellers; Finding the middle ground & navigating the interest-rate environment.” The panel was hosted by BizNow as part of its Industrial Southeast Summit at the Lake City Distribution Center.

Bill was joined by Smith Haverty of Atlanta Property Group, Matt Dileo of Atlanta, InLight, and Arnie Capute of Realterm. The panel was moderated by Jason Holland of Avison Young.

Lauren Hanley, Managing Director for Patterson Real Estate Advisory Group and head of the firm’s Tampa office, recently served on a panel with other local commercial real estate leaders to discuss the dynamics they are seeing in their organizations, projects and the broader landscape. The panel was hosted by The University of Chicago Booth School of Business Tampa Bay Alumni Group & Friends meeting on the topic of Commercial Real Estate Growth & Development in Tampa Bay.

Lauren was joined by Donald Bly of Strategic Property Partners, Mack Feldman of Feldman Equities, Andrew Pierce of Suffolk Construction, and John (JC) Hudgison from the City of Tampa. The panel was moderated by Matt Siegel of Colliers.

Patterson Real Estate Advisory Group is thrilled to announce our successful involvement in the capital raise process for Peeples Valley, a 97-unit build-for-rent townhome development near downtown Cartersville, GA, just northwest of Atlanta. The project will be a collaborative effort between The Macallan Group/McNeal Development and BCDC. First Carolina Bank is the lender on the project. Middleburg Communities is the preferred equity partner. Crawford Creek Communities is the general contractor and RangeWater Real Estate is responsible for leasing and management.

PRESS RELEASE

WHAT NOW ALTANTA

Lance Patterson, founder and CEO of Patterson Real Estate Advisory Group, and Stuart Proffitt, founding partner of Profitt Dixon Partners, were featured speakers in a fireside chat at the ULI Carolinas Meeting in Charlotte on February 23, 2024. The two discussed the state of capital markets in the Southeast.

Georgia State University (“GSU”) recently awarded the Patterson Real Estate Advisory Group Scholarship to, Kaitlin Novak. Each year, two real estate students from Georgia State University – J. Mack Robinson College of Business, are selected to receive the Patterson scholarships based on their outstanding character, demonstrated academic achievement, and activity within the community. Ms. Novack, a senior, hopes to further her education in GSU’s Master of Real Estate Program and later enter the field of commercial real estate.

Congratulations, Kaitlin!

The Winter 2024 edition of our newsletter, Capital Views, is out now! Thank you to Lance Patterson, Austin Smith, Bill Mealor, and Suzanne Holman for their valuable contributions!

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Patterson Real Estate Advisory Group is proud to have led the capital raise and debt placement process for Dwellings at Nowell Creek, a luxury build-for-rent townhome community in Nowell Creek Village on Daniel Island, Charleston, SC. Developed in partnership by Holder Properties, East West Partners, and SilverCap Partners, this marsh-front community will feature 50 townhomes with premier amenities on 5.5 acres. Patterson arranged majority equity with SilverCap and construction financing with Georgia Banking Company.

CHARLESTON REGIONAL BUSINESS JOURNAL

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