Patterson Real Estate Advisory Group served as capital advisor to Shelton McNally Real Estate Partners on a 199-unit multifamily community seven miles east of downtown Nashville in the growing Donelson submarket. Patterson arranged the construction financing which included a joint venture equity partnership with Lubert-Adler Real Estate Funds and a construction loan with Cadence Bank.
Patterson Real Estate Advisory Group served as capital advisor to The Loudermilk Companies in the recent closing of a refinancing for 309 East Paces, a restored. twelve-story office building in the heart of Buckhead Village. The building previously served as headquarters for Aaron’s. Permanent financing was provided by Aegon USA Realty Advisors.
Patterson served as capital advisor to Carter on the recent closing of construction debt financing with First Citizens Bank for the development of a 7.2-acre student-housing and commercial mixed-use development for the Morehouse School of Medicine in Atlanta, Georgia.
Patterson serves in a capital advisory capacity in an on-going relationship between Second Fifty Communities and Capital Square, as they invest in senior housing developments within the Southeast. Earlier this year, the pair closed a deal in Charleston, SC, Merrill Gardens of Carolina Park, and this week closed on Merrill Gardens at Bull Street in Columbia, SC.
Officials recently broke ground on a 54-acre, multi-use development at the east end of River Street in Savannah. The heavily anticipated project will include housing, hospitality, retail and office space. Patterson Real Estate Advisory Group secured construction debt for the multi-family component of the deal on behalf of Regent Partners, LLC and Mariner Group, LTD.
Patterson recently hosted a distinguished panel of speakers and guests to discuss capital market trends in Nashville. The symposium featured panelists Barry Olson, Managing Director of Goldman Sachs, Travis Johnson, Managing Director of Debt Production – Principal Global Investors, Esko Korhonen, Managing Partner of FCP, and Brad Barton, Mananaging Director of Commercial Real Estate for CIBC. Terry Hughes, Patterson’s Nashville Director, served as moderator.
Commercial real estate publisher, Bisnow, recently posted an article featuring the opinions of various industry experts on lessons learned from the Lehman Brothers collapse of September 2008. Lance Patterson was among those leaders. Read his thoughts in the post below.
Mallory & Evans Development recently closed on construction financing for its 376-bed student housing development called Bellamy at Daytona in Daytona Beach, Florida. Patterson Real Estate Advisory Group arranged for construction financing with Dallas-based Texas Capital Bank.
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