Mr. Patel is a specialist in the multifamily real estate industry, with more than a decade of experience in multifamily acquisitions, dispositions, asset and property management and brokerage. Over his career he has led the acquisition and execution of over $2.3 billion of multifamily properties comprising approximately 14,165 apartment units. Mr. Patel specializes in searching for off-market value add opportunities and implementing a value-add strategy to increase value.
Previously Mr. Patel served as the Senior Director of Multifamily Acquisitions for Benedict Canyon Equities, Inc., and was responsible for the acquisition of investment properties for the firm, including identifying and targeting locations and product types, and creating the business plan for each acquired property. Mr. Patel led the acquisition and execution of over $1.72 billion of multifamily properties for Benedict Canyon Equities, Inc., and played a key role in the expansion of Benedict Canyon Equities, Inc., multifamily platform into Arizona, Nevada, and Washington.
Prior to Benedict Canyon Equities, Mr. Patel was an Acquisitions Manager at Passco Companies LLC, an Irvine based real estate firm focused on multifamily investments across the country. His primary at responsibly at Passco included sourcing, underwriting, conducting financial, operational and market due diligence, and developing a business plan for new acquisitions. In less than four years, he sourced and acquired over 4,000 units across multiple states representing a total consideration of approximately $500 million.
Mr. Patel also served as an Acquisitions Analyst for Western National Realty Advisors prior to joining Passco where he managed the acquisition, disposition and due diligence of multifamily assets for large funds with national clients. Mr. Patel began his career as a multifamily broker, where he gained invaluable experience in the Southern California commercial real estate market. He holds a Bachelor of Science in Marketing from California State University, Fullerton.
