Patterson Thoma Real Estate

Opportunistic capital for real estate partners.

PT Real Estate invests in selective domestic direct real estate opportunities alongside experienced developers and sponsors in various product types.

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Who We Are

PT Real Estate is an affiliate of Patterson Thoma Family Office and represents the firm’s real estate investing activity. We are experienced in industrial, residential and office verticals and offer single source debt and equity solutions to well-aligned sponsors. We prefer shovel-ready, single purpose development or value-add sites with meaningful upside and also consider stabilized assets with high current yields.

For Raw Land, we prefer acquisitions >$50M that are suitable for master planned communities.

We prefer direct opportunities and do not invest passively in funds unless we are investing alongside the sponsor in the General Partner.

Investment Preferences

We tailor each real estate partnership to align our capital with the sponsor. In addition to acquiring single assets we can also develop programmatic structures and craft a ‘buy box’ allowing our partners to execute their strategy at scale.

As an example of our co-GP strategy please see www.mckinneyfund.com. Since 2008 we have executed dozens of deals from buying notes, to developing single-family homes as well as ground up construction in affordable multi-family, student and senior housing.

As an example of our programmatic structure please see www.anchor-re.com. We crafted a workforce industrial ‘buy-box’ with in 2021 and have since been the sole equity source on seven transactions.

Another systematic relationship exists with www.cambermark.com. They regularly source counter cyclical real estate opportunities ranging from manufactured housing to high yield stabilized office buildings in major metros.

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Deal Sizes

While each opportunity may have some mixture of debt and equity, we’ve invested in industrial buildings as small as 6,000 square feet to a recent all-equity transaction to acquire over 5,300 acres in Texas to develop a master planned community.

Investment Preferences

  • Experienced Partner
  • Aligned Capital

Focus Areas

  • Shallow Bay Industrial
  • Affordable Multi-Family
  • Direct Partnership
  • Texas & Surrounding Areas

Non-Focus

  • Hospitality
  • Build-to-Rent Homes
  • Funds
  • International

Portfolio

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PTPE Team

Robby Gillespie

Robby is a founding partner of PT Private Equity, alongside Patterson Thoma Family Office. Prior to PTPE, he spent most of his career partnering with middle-market companies across a range of industries, including manufacturing & distribution, business services, technology, healthcare and energy. He is also a Co-Founder of Everbridge Capital Partners, a middle-market focused sponsor. Prior roles include Gemini Investors, a private equity firm where he led buyout transactions and served as a Board Director for six portfolio companies; before that he was with Petro Capital Group, Mount Kellett Capital and SWS Group. He has a BBA, Finance from the SMU Cox School of Business.

Dan Patterson

Dan is the principal of Patterson Thoma Family Office. He is an experienced entrepreneur and investor with a background in leveraged buyouts and growth equity. His career highlights include founding Medical Weight Management recognized by Inc. Magazine in 1988 as one of the fastest-growing companies of its timeand overseeing the acquisition, expansion, and sale of Texas Home Healthcare, which grew to be a major home healthcare provider in the Southwest. Dan founded Transition Capital Partners in 1993, a buyout private equity firm. Dan received a Bachelor of Liberal Arts from Kenyon College and an MBA from Harvard Business School.

Colin Patrick

Colin Patrick is the Chief Investment Officer for Patterson Thoma Family Office (www.pattersonthoma.com). PT is an active investor in Private Equity, Real Estate, Venture Capital and Opportunistic Capital. As CIO, Colin originates active and passive investment opportunities for the family and often partners with outside debt and equity investors. Colin began his career in public accounting at Deloitte and later worked for the philanthropist Lyda Hill as the Controller of her family office, LH Holdings, Inc. In 2013, Colin joined Patterson Thoma as well as Transition Capital Partners as Vice President of Finance. He holds a B.S. degree in Accounting and a M.S. degree in Taxation from the University of North Texas. Colin is a Certified Public Accountant and holds the Chartered Financial Analyst designation.

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Cody Patterson

PT Venture Capital

Cody Patterson, a member of the Patterson family and affiliated with the Patterson Thoma Family Office, evaluates new investment opportunities. Previously, Cody worked as an analyst for a real estate investment company before transitioning to politics where he worked for a Member of the U.S. House of Representatives. Cody holds a Bachelor of Business Administration in Finance from Texas Christian University and is currently pursuing a Master of Business Administration at the UT McCombs School of Business.

Teresa Burton

Chief Financial Officer

Teresa Burton serves as the Chief Financial Officer for Patterson Thoma Family Office. Teresa is a Certified Public Accountant and provides accounting, tax, and financial services for the office. She started her career in public accounting at Judd, Thomas, Smith & Co, now Haynie & Company, in audit and then transitioned to tax. Before joining Patterson Thoma, she worked in the family office space with a heavy focus in real estate. Teresa holds a Bachelor of Accounting from Christian Brothers University in Memphis, TN.

McKinney Fund

Patterson Thoma is a GP in the real estate fund focused on Multi-Family, Senior Living, & Student Housing developments. We have partnered with the State of Texas as a limited partner for more than a decade and currently have over $500MM in Assets under Management. We typically deploy $5M-$15M in equity with developers.
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NCA Loans

We have partnered with a prominent debt servicing firm in Dallas, TX to lead the capital formation of multiple debt portfolios yielding monthly cash flow with our co-investors. We have deployed over $30MM+ of the ~$100MM+ in the strategy. We are excited about future opportunities in the rounds.
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Teladoc Health

Patterson Thoma was an early investor in Teladoc Health (Ticker: TDOC). We participated in numerous pre-IPO funding rounds, including equity investments and convertible notes.
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Cariloop

Patterson Thoma initially invested in a pre-series A convertible note, later becoming the lead investor of the Series A round. Our team remains active in the company and holds a board seat. We proudly report that shortly a year after the Series A round, the company raised a Series B round at 4x the initial valuation.
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Diana Parra

Executive Assistant

Diana Parra serves as Executive Assistant to Dan Patterson, Principal at Patterson Thoma Family Office. Diana manages and coordinates all day-to-day operations of the office and provides administrative support. Prior to joining Patterson Thoma, Diana worked at Weinreb Ventures, an independent investment and consulting firm. Before Weinreb Ventures, she spent five years working at The Howard Hughes Corporation in the Executive Office supporting the CEO and Chief of Staff. Diana holds a Bachelor of Arts in Multimedia Journalism from The University of Texas at El Paso.

Jim Massey

Jim Massey is currently involved in capital formation initiatives within the Patterson Thoma Family Office as well as the McKinney Fund. Prior to his current responsibilities, he enjoyed a 32-year-old career providing Investment Banking services as a partner and founder of the Dallas Houlihan, Lokey, Howard and Zukin and as managing partner at Duff & Phelps. He also worked at Goldman Sachs as Vice President and started his business career with The Trammell Crow Companies.

Carrie Gillespie

Director

Carrie Gillespie serves as a Director for Patterson Thoma Family Office. Carrie’s primary roles are to evaluate new investment opportunities and assist in the management of Patterson Thoma’s current investments. Before joining Patterson Thoma, she worked in Operating and Sales roles at several private equity-backed portfolio companies, including Jobcase and Monster Moto. She also has previous experience as an Investment Banking Analyst at Southwest Securities. Carrie holds a Bachelor of Science in Finance from Texas Christian University and a Master of Business Administration from the MIT Sloan School of Management.

Andy Harvey

Director of Business Development

Andy Harvey was born and raised in the Dallas-Fort Worth area. He has spent his entire professional career working and investing in DFW. For 25 years, Mr. Harvey worked in sales, while managing and directing his own wholesale paper company – United Papers, Inc. During his career with United Papers, Inc., the company sold and serviced every major printer and newspaper in the Southwest. In 2006, he joined Transition Capital Partners, finding deals and raising equity. Since January, 2010 Andy has served as Director of Business Development for Patterson Thoma Family Office. He is a graduate of Oklahoma State University in the School of Journalism.

Eric Braun

FINANCIAL CONTROLLER

Eric Braun serves as the Controller for Patterson Thoma Family Office and its active portfolio. Eric oversees all accounting and financial services, helps with ad-hoc projects for the CFO, and maintains controls over the accounting process. He started his professional career in public accounting working at Montgomery Coscia Greilich, LLP for seven years as tax consultant specializing in Investment Partnerships & Small Business Acquisitions. Eric holds a Bachelor of Accounting degree from Oklahoma State University.

Celeste Walker

Director of Operational Finance

Celeste Walker serves as the Director of Operational Finance for Patterson Thoma Family Office. Celeste is a Certified Public Accountant and provides accounting, tax, and financial services for the office as well as assists in cash management. Before joining Patterson Thoma, she worked at Deloitte as a tax consultant for hedge funds and investment partnerships. Celeste holds Bachelor of Accounting and Master of Professional Accounting degrees from the University of Texas at Austin.

Colin Patrick

Chief Investment Officer

Colin Patrick is the Chief Investment Officer for Patterson Thoma Family Office. As CIO, Colin handles the financial needs of the company and monitors the performance of acquired portfolio companies and investments. After four years of public accounting, he left Deloitte to work for the philanthropist Lyda Hill as the Controller of her family office, LH Holdings, Inc., for eight years. He holds a B.S. degree in Accounting and a M.S. degree in Taxation from the University of North Texas. Colin is a Certified Public Accountant and holds the Chartered Financial Analyst designation.

Anchor Workforce Industrial

Patterson Thoma partnered with a local DFW operator, focused on industrial warehouse sites. Together we have successfully acquired, refurbished, and leased a growing portfolio. We continue to actively pursue new opportunities.
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Adaptive 3D Technologies

In active support of a UT Dallas professor, Patterson Thoma was the first seed investor in a 3D-manufacturing company. As applications of the technology across multiple industries grew, Patterson Thoma participated in the Series A round, and in year four of the investment, advised the company through an exit via a SPAC (Ticker: DM). We maintain a good relationship with the founders and have subsequently invested in their next venture.
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Compaction Technologies

Respecting the operator’s desire to maintain 100% of his company’s equity, our team structured a solution for the trash compactor manufacturer via the financing of their lease agreements with their customers. This accelerated the company’s cash flow and relieved them of servicing the leases. We provided $5MM+ in financing for the company and successfully placed the portfolio with a leading operator in the space less than one year after the initial lease purchase.
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GTF Energy, LLC dba Railhead Rentals

Patterson Thoma partnered with another family office originally to provide growth capital for an extended stay housing provider in West Texas. At the request of the operator, we eventually purchased the entire enterprise. Investors have realized a 14% IRR to date and continue to receive monthly cash flow distributions from operations. Patterson Thoma maintains its role in operations, marketing, accounting, and investor reporting and compliance.
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