Alan Patton Joins Hines to Lead New Multifamily Division - Hines

Alan Patton Joins Hines to Lead New Multifamily Division

(HOUSTON) – Hines, the international real estate firm, announced today that Alan Patton has joined Hines as a Senior Vice President in the firm’s corporate office at Williams Tower in Houston.

His 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,” said 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 manyprogrammatic capital relationships withhigh-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 multifamilycouncil member of the Urban Land Institute.

Hines is a privately owned real estate firm involved in real estate investment, development and property management worldwide. The firm’s historical and current portfolio of projects that are underway, completed, acquired and managed for third parties includes 1,119 properties representing more than 457 million square feet of office, residential, mixed-use, industrial, hotel, medical and sports facilities, as well as large, master-planned communities and land developments. With offices in 100 cities in 17 countries, and controlled assets valued at approximately $23 billion, Hines is one of the largest real estate organizations in the world. Hines is also a world leader in sustainable real estate strategies, with extensive experience in LEED®, ENERGY STAR®, BREEAM, Haute Qualité Environnementale and DGNB green building rating systems. Visit www.hines.com for more information.

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