Patrick J. Sullivan's Location
New York City Metropolitan Area, United States
Patrick J. Sullivan's Contact Details
Patrick J. Sullivan work email
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Patrick J. Sullivan personal email
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Patrick J. Sullivan phone numbers
About Patrick J. Sullivan
I am a seasoned real estate executive with over 35 years of investment and management experience. I have been a partner at several leading private equity firms. I love building, managing and growing high-performing investment management teams - and mentoring young talent. I've completed more than $4 billion of property-related investments, and have generated attractive returns (typically in excess of 20%) over multiple business cycles, with virtually no loss of investor capital.
Patrick J. Sullivan's Current Company Details
Woodbourne Capital Partners Llc
Partner at Woodbourne Capital Partners
Patrick J. Sullivan Work Experience Details
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PartnerWoodbourne Capital Partners Llc 2008 - PresentGreater New York City AreaFounder of real estate investment firm focused on principal investment, restructuring and advisory services. • Created an investment partnership with a private equity fund that analyzed, underwrote and bid on a $422 million portfolio of 57 non performing loans secured by hotels offered for sale, in a structured transaction, by the FDIC.• Representing a group of homeowners in the successful restructuring of a condominium hotel project in Vermont.• Evaluated strategic recapitalization alternatives for one of the largest owners of factory outlet malls located in 16 states. Completed the acquisition of a minority partner interest. Evaluated recapitalization alternatives, including raising project-level equity, entity-level equity, IPO or sale of the company. • Acted as financial advisor to the principal shareholder in the largest owner and operator of extended stay hotels in North America. Busienss was acquired at the peak of the US real estate market/credit cycle in June 2007 for $8 billion, including $7.4 billion in mortgage and mezzanine debt. Company filed for Chapter 11 reorganization in June 2009, and was later sold, for $4 billion, to a group led by its senior debt holders.• Evaluated recapitalization alternatives for a public REIT that owned a $500 million portfolio of office properties.• Completed the restructuring of a portfolio of 17 hotels with $170 million of secured debt, including the conveyance of the collateral properties to the junior lender and obtaining the release of a $16 million personal guaranty issued by the borrower’s principal.• Completed a valuation of a private REIT that controls a $2 billon diversified property portfolio, including 5,000 apartment units.
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Senior Advisor & PartnerAvant Capital Partners Oct 2013 - Apr 2017Greater New York City AreaFounding partner of commercial mortgage debt platform.• Chief Investment Officer responsible for new investments, portfolio and risk management and firm administration• Managed team from start-up to originating and managing 40 bridge loans• Devised and implemented investment management process, systems and procedures to manage risk and protect investor capital• Responsible for establishing financial reporting and controls; work-outs and restructuring• Generated attractive risk-adjusted returns from a portfolio of interim mortgage loans with a focus on NY metropolitan market. No foreclosure or loss of principal on any loan. -
Managing DirectorWarburg Pincus Llc 2005 - 2007New York, NyPartner responsible for leading North America real estate practice group at Warburg Pincus, a $30 billion global private equity partnership. • Member of four-partner team which raised Warburg Pincus Real Estate I, LP, a global real estate private-equity fund with $1.2 billion in committed capital. Key-man under fund’s partnership agreement.• Devised and implemented fund’s domestic investment strategy initially focused on senior housing; hospitality; and multifamily property.• Led investment teams that identified, structured and closed two platform transactions in which Warburg Pincus funds committed in excess of $100 mm of equity capital. • Generated realized gain of $100 mm, 20% IRR and 2.0x equity multiple from sale of investment in senior housing platform• Member of investment committee that reviewed over $500 mm of equity committed to global real estate investments. -
General PartnerJ.P. Morgan 1999 - 2005New York, NyDeveloped investment strategy and managed domestic investment activity for the real estate practice group at JP Morgan Partners (formerly known as Chase Capital Partners), an $8 billion global private equity partnership. • Recruited, hired and managed a team of 10 investment professionals that invested $625 million of capital to create a $4 billion real estate portfolio.• Led the origination, structuring and closing of ten investment partnerships that acquired properties in 15 separate transactions with a total capitalization of $1 billion, ranging from ground-up development to investments in real estate operating companies.• Contributed to successful investment track record: portfolio generated a 25% realized IRR and 1.7x multiple on invested capital.• Protected investor capital with an aggregate loss of 1.5% of capital invested.• Managed joint venture relationships, oversaw rehabilitation and development projects, financings, restructurings and sales.• Served as member of the partnership’s investment committee. -
PartnerChatham Capital Partners 1997 - 1999Boston, MaFounding partner of Boston and Los Angeles-based investment advisory firm. Structured equity and equity-related mezzanine investments in growth-oriented real estate companies. Advised public company in divestiture of $2.5 billion regional mall portfolio in a complex transaction involving 20 separate restructurings and sales of regional malls to two REITs.
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DirectorAew 1991 - 1997Los Angeles, Ca And Boston, MaPartner responsible for equity, debt and joint venture transactions with an aggregate capitalization of $2.3 billion in the Western U.S. Significant experience with all property types, performing and non-performing loans and investment structures. Recruited and managed staff of six investment professionals.• Acquired single assets and portfolios, including: the identification, negotiation and closing of direct equity purchases and joint ventures; investments in operating companies; purchases of performing and non-performing loans; origination of first mortgage loans; negotiation and closing of single asset and portfolio financings. Supervised the sale of single assets and portfolios.• Contributed to successful investment track record: portfolio generated a 30% realized IRR and 1.7x multiple.• No loss of investor capital on any transactions.• Executed single and multiple asset workouts and restructuring, including bankruptcies for legacy portfolios. Conducted valuations and workout alternatives for highly leveraged operating companies and executed restructuring with principals, borrowers and creditors.• Directed the asset management of a $3.0 billion portfolio of properties and non-performing loans, including the development of leasing and marketing strategies to maximize value. Managed third party service providers (property managers, asset managers and leasing agents). -
Vice PresidentGid 1987 - 1991Boston, MaDiversified acquisition, development and asset management responsibilities for this investment manager. Responsible for new investments in the Eastern and Mid-western regions, including existing and development assets. Involved in workouts and devising strategies to maximize value in under-performing investments. -
Investment OfficerJohn Hancock Investment Management 1985 - 1987Boston, MaAcquisition officer for John Hancock's general account and separate account clients. Identified, structured and closed direct equity purchases and joint ventures, as well as credit enhancement transactions.
Patrick J. Sullivan Skills
Real Estate
Private Equity
Commercial Lending
Restructuring
Market Research
Real Estate Economics
Real Estate Private Equity
Investments
Retail
Property
Loans
Management
Investment Properties
Patrick J. Sullivan Education Details
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Political Science -
High School Diploma
Frequently Asked Questions about Patrick J. Sullivan
What company does Patrick J. Sullivan work for?
Patrick J. Sullivan works for Woodbourne Capital Partners Llc
What is Patrick J. Sullivan's role at the current company?
Patrick J. Sullivan's current role is Partner at Woodbourne Capital Partners.
What is Patrick J. Sullivan's email address?
Patrick J. Sullivan's email address is pa****@****tal.com
What is Patrick J. Sullivan's direct phone number?
Patrick J. Sullivan's direct phone number is +120327*****
What schools did Patrick J. Sullivan attend?
Patrick J. Sullivan attended Vassar College, Xaverian Brothers High School.
What are some of Patrick J. Sullivan's interests?
Patrick J. Sullivan has interest in Technology, Music, Home Design And Constuction, Architecture.
What skills is Patrick J. Sullivan known for?
Patrick J. Sullivan has skills like Real Estate, Private Equity, Commercial Lending, Restructuring, Market Research, Real Estate Economics, Real Estate Private Equity, Investments, Retail, Property, Loans, Management.
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Patrick J. Sullivan
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