Patterson Real Estate Advisory Group https://pattersonreag.com Tue, 14 Jan 2025 18:20:30 +0000 en-US hourly 1 https://pattersonreag.com/wp-content/uploads/2017/10/cropped-Patterson_Compass_color-32x32.jpg Patterson Real Estate Advisory Group https://pattersonreag.com 32 32 Patterson Completes 500th Transaction with Closing of Capital Circle Commerce Park in Tallahassee Florida https://pattersonreag.com/patterson-completes-500th-transaction-with-closing-of-capital-circle-commerce-park-in-tallahassee-florida/ https://pattersonreag.com/patterson-completes-500th-transaction-with-closing-of-capital-circle-commerce-park-in-tallahassee-florida/#respond Tue, 14 Jan 2025 16:12:11 +0000 https://pattersonreag.com/?p=22815

Patterson Real Estate Advisory Group is proud to announce the completion of our 500th transaction, assisting Albany Road Real Estate Partners in securing financing from Ameris Bank for the acquisition of Capital Circle Commerce Park.

This six-building, 181,100 SF industrial park, located in Tallahassee, Florida, is 99% leased to a diverse mix of tenants, including several national companies and is positioned in one of the tightest industrial submarkets in the state.

“We are thrilled to continue our relationship with Ameris Bank by securing financing for this industrial project,” said Scott Cloud, Managing Partner at Albany Road. “Capital Circle Commerce Park represents a strategic opportunity to expand Albany Road’s presence in the thriving Central Florida region. This region’s continued growth and demand for industrial space make it an ideal location for this investment, and we are eager to contribute to its long-term success.”

 

PRESS RELEASE

]]> https://pattersonreag.com/patterson-completes-500th-transaction-with-closing-of-capital-circle-commerce-park-in-tallahassee-florida/feed/ 0 Patterson Arranges Floating Rate Loan on Newly Built and Fully Leased Multifamily Asset in Brookhaven, GA https://pattersonreag.com/patterson-arranges-floating-rate-loan-on-newly-built-and-fully-leased-multifamily-asset-in-brookhaven-ga/ https://pattersonreag.com/patterson-arranges-floating-rate-loan-on-newly-built-and-fully-leased-multifamily-asset-in-brookhaven-ga/#respond Wed, 08 Jan 2025 22:13:43 +0000 https://pattersonreag.com/?p=22798 Patterson Real Estate Advisory Group is pleased to have assisted in arranging refinancing for Alta Porter on Peachtree, a 291-unit, Class A mid-rise multifamily property in Brookhaven, GA. Delivered in August 2023, Alta Porter on Peachtree was over 95% occupied at the time of closing. KKR provided the floating rate loan for the property

PRESS RELEASE

]]> https://pattersonreag.com/patterson-arranges-floating-rate-loan-on-newly-built-and-fully-leased-multifamily-asset-in-brookhaven-ga/feed/ 0 Ken Grimes & Lance Patterson at ULI South Carolina’s 16th Annual Capital Markets Conference https://pattersonreag.com/ken-grimes-lance-patterson-at-uli-south-carolinas-16th-annual-capital-markets-conference/ Fri, 13 Dec 2024 16:06:17 +0000 https://pattersonreag.com/?p=22784

We’re proud to highlight Ken Grimes, Senior Managing Director and Partner at Patterson Real Estate Advisory Group, who served as Co-Chair of the ULI South Carolina 16th Annual Capital Markets Conference alongside Katie Blum of East West Partners. Ken not only helped lead this important event, but also delivered the opening remarks, setting the stage for two days of insightful discussions and thought leadership in the capital markets sector.

In addition, Lance Patterson, CEO and Founder of Patterson Real Estate Advisory Group, attended the conference and participated in the session “Capital Confusion 2.0 – Emerging from the Fog: A Capital Markets Discussion.” Lance shared his expertise alongside a distinguished panel of industry leaders: John Cannon, Pinnacle Financial Partners; Robert Niedzwiecki, JP Morgan Investment Management; and Rachel Hunter-Goldman, KKR. Together, they provided valuable perspectives on the evolving landscape of capital markets.

At Patterson, we’re proud to have leaders like Ken and Lance who continue to drive the conversation on real estate and capital markets, shaping the future of the industry.

]]> Patterson Arranges Construction Financing For HoM at River Hills in Tampa, FL https://pattersonreag.com/patterson-arranges-construction-financing-for-hom-at-river-hills-in-tampa-fl/ Fri, 06 Dec 2024 18:43:18 +0000 https://pattersonreag.com/?p=22768 Patterson Real Estate Advisory Group is excited to share the recent closing of HoM at River Hills along Tampa’s Hillsborough River. Thank you to Impact Development Partners for the opportunity to work together on this exciting project!

 

PRESS RELEASE

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]]> Patterson Arranges Financing from EB5 Capital For Multifamily Development in Avon, Colorado https://pattersonreag.com/patterson-arranges-financing-from-eb5-capital-for-multifamily-development-in-avon-colorado/ Thu, 05 Dec 2024 14:07:37 +0000 https://pattersonreag.com/?p=22753 Patterson Real Estate Advisory Group is excited to announce Prime West and Columnar’s closing of preferred equity financing for Traer Creek Apartments, a 242-unit, Class A, podium multifamily development located in Avon, Colorado (Vail Valley). Patterson arranged $73.6 million of preferred equity financing for the project from EB5 Capital.

“Prime West has a 40-year track record of successfully developing projects across the Front Range, and we’re thrilled to begin our first multifamily development in the Vail Valley. Avon and the broader Vail Valley urgently need more multifamily housing, and we are proud to be able to deliver 242 much-needed units in partnership with Columnar Commercial,” said Jim Neenan, CEO of Prime West.

Matthew Omundson, Managing Director and COO of Columnar Commercial, commented, “We are thrilled to be a part of this truly unique development, in an irreplaceable location. This project would not have been possible without the creativity of Barry Olson and the entire team at Patterson.”

PRESS RELEASE

]]> Patterson Real Estate Advisory Group Arranges Fee Development Agreement for a Build-To-Rent Community in Hapeville, Georgia https://pattersonreag.com/patterson-real-estate-advisory-group-arranges-fee-development-agreement-for-a-build-to-rent-community-in-hapeville-georgia/ Tue, 03 Dec 2024 14:31:06 +0000 https://pattersonreag.com/?p=22738 Patterson Real Estate Advisory Group is pleased to announce the successful arrangement of a fee development agreement between Maymont Homes and Norhaven Partners for the development of 3335 Dogwood Drive, a 58-unit build-to-rent (BTR) community in Hapeville, Georgia.

Patterson facilitated the deal for Maymont Homes and Norhaven Partners, strategically bringing together these companies for an innovative project that is set to meet the growing demand for high-quality rental housing in the Atlanta metro area. Norhaven Partners will fee develop 3335 Dogwood Drive on behalf of Maymont Homes.

“At Norhaven, we are dedicated to creating thoughtfully designed living spaces that foster community and enhance the quality of life for our residents. Maymont Homes has proven to be a fantastic partner, and I’m thrilled to collaborate with them on this project,” said William Norris, Founding Principal of Norhaven Partners.

PRESS RELEASE

]]> CONSTRUCTION EQUITY https://pattersonreag.com/construction-equity/ Mon, 02 Dec 2024 19:12:53 +0000 https://pattersonreag.com/?p=22733 .avia-section.av-rwpfbp-9551b170f7eb5c9ff4979c79ab0f10b4 .av-parallax .av-parallax-inner{ background-repeat:no-repeat; background-image:url(https://pattersonreag.com/wp-content/uploads/2017/10/WhiteBuilding3.png); background-position:50% 50%; background-attachment:scroll; }

CONSTRUCTION EQUITY

RETURN TO ACTIVE ASSIGNMENTS

CONSTRUCTION EQUITY

Construction equity for a 246-unit, Class A, surface-parked multifamily development located in Knoxville, TN.

Laura Cloud
[email protected]
615.410.9815

Dylan Suth
[email protected]
404.504.6679

]]> CONSTRUCTION DEBT & EQUITY https://pattersonreag.com/construction-debt-equity-10/ Mon, 02 Dec 2024 18:38:04 +0000 https://pattersonreag.com/?p=22725 .avia-section.av-rwpfbp-9551b170f7eb5c9ff4979c79ab0f10b4 .av-parallax .av-parallax-inner{ background-repeat:no-repeat; background-image:url(https://pattersonreag.com/wp-content/uploads/2017/10/WhiteBuilding3.png); background-position:50% 50%; background-attachment:scroll; }

CONSTRUCTION DEBT & EQUITY

RETURN TO ACTIVE ASSIGNMENTS

CONSTRUCTION DEBT & EQUITY

Construction financing for a three-story, 296-unit, Class A, garden-style multifamily community located in Rincon, Georgia, part of the Savannah MSA.

Ken Grimes
[email protected]
404.504.6685

Laura Cloud
[email protected]
615.410.9815

]]> CONSTRUCTION DEBT & EQUITY https://pattersonreag.com/construction-debt-equity-4/ Mon, 02 Dec 2024 17:43:53 +0000 https://pattersonreag.com/?p=22718 .avia-section.av-rwpfbp-9551b170f7eb5c9ff4979c79ab0f10b4 .av-parallax .av-parallax-inner{ background-repeat:no-repeat; background-image:url(https://pattersonreag.com/wp-content/uploads/2017/10/WhiteBuilding3.png); background-position:50% 50%; background-attachment:scroll; }

CONSTRUCTION DEBT & EQUITY

RETURN TO ACTIVE ASSIGNMENTS

CONSTRUCTION DEBT & EQUITY

Construction financing for a 322-unit, Class A, garden-style multifamily development
located just north of Peachtree City in the affluent South Atlanta suburb of Fairburn,
Georgia.

Todd Flaman
[email protected]
404.504.6677

Dylan Suth
[email protected]
404.504.6679

]]> Lance Patterson Serves as Panelist for BisNow’s Atlanta Construction & Development Summit https://pattersonreag.com/lance-patterson-serves-as-panelist-for-bisnows-atlanta-construction-development-summit/ Fri, 22 Nov 2024 13:44:55 +0000 https://pattersonreag.com/?p=22708 Lance Patterson, CEO of Patterson Real Estate Advisory Group, was a panelist at the recent BisNow Atlanta Construction & Development Summit. He served on the Project Financing Outlook panel alongside Jacob Vallo, CIO at Lalani Ventures; Katherine Mosley, Partner at Tribridge Residential; and Anthony Wilcox, Manager of Real Estate Tax at CL (moderator).

The panel explored the current state of commercial real estate capital markets in Atlanta, as well as broader trends and outlooks across the U.S. market.

A big thank you to BisNow for hosting this informative session, and to all the panelists for their valuable contributions!

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