Hines, the international real estate firm, announced recently that Alan Patton has joined the company as a senior vice president in the firm’s corporate office at Williams Tower in Houston.
Mr. Patton’s main focus will be to expand the firm’s multifamily development activity throughout the U.S. by working with Hines’ domestic regions on their for-rent residential programs. In addition to site sourcing, product design and development, he will be involved in capital raising and financing.
“We think Hines can become a very successful player in multifamily, especially with someone of Alan’s specialized knowledge and experience base on our team,” says Hines’ president and CEO Jeff Hines. “The multifamily sector is poised for near-term growth, and we are seeing strong interest among our investors.”
Patton was formerly president of The Morgan Group, a Houston-based multifamily developer, builder and property manager involved in Class A infill product around the southwestern and southeastern U.S., as well as California. He was responsible for the company’s day-to-day activities including the development and construction of over 12,000 apartment units at a cost of more than $1.5 billion. During his tenure with The Morgan Group, he developed many programmatic capital relationships with high-quality pension fund advisors.
Prior to joining The Morgan Group in 1998, Patton was the managing director of the Chase Bank of Texas Realty Advisory Group. During his eight-year tenure, he developed and managed Chase’s Real Estate Mezzanine Financing product, and worked in the Real Estate Workout/Restructuring Group and the Commercial Real Estate Lending Group. Prior to that, he worked as a project manager, estimator and field superintendent for Miner-Dederick, a Houston-based high-rise office contractor,
Patton is on the board of directors of the National Multi Housing Council, and a multi family council member of the Urban Land Institute.