{"id":1004096145,"date":"2014-05-08T07:11:59","date_gmt":"2014-05-08T15:11:59","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004096145"},"modified":"2022-12-02T03:00:31","modified_gmt":"2022-12-02T11:00:31","slug":"stream-realty-launches-national-m-f-platform","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/stream-realty-launches-national-m-f-platform\/","title":{"rendered":"Stream Realty Launches National M-F Platform"},"content":{"rendered":"<p><em>By Barbra Murray, Contributing Editor<\/em><\/p>\n<p><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2014\/05\/Stream-Realty-Partners-Jeff-Patterson-Senior-Vice-President.jpg\"><img loading=\"lazy\" decoding=\"async\" data-attachment-id=\"1004096147\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/stream-realty-launches-national-m-f-platform\/stream-realty-partners-jeff-patterson-senior-vice-president\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2014\/05\/Stream-Realty-Partners-Jeff-Patterson-Senior-Vice-President.jpg\" data-orig-size=\"336,344\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;18&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;NIKON D7000&quot;,&quot;caption&quot;:&quot;????????????????????????????????????&quot;,&quot;created_timestamp&quot;:&quot;1342484481&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;95&quot;,&quot;iso&quot;:&quot;400&quot;,&quot;shutter_speed&quot;:&quot;0.016666666666667&quot;,&quot;title&quot;:&quot;&quot;}\" data-image-title=\"Stream Realty Partners &#8211; Jeff Patterson Senior Vice President\" data-image-description=\"&lt;p&gt;????????????????????????????????????&lt;\/p&gt;\n\" data-image-caption=\"\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2014\/05\/Stream-Realty-Partners-Jeff-Patterson-Senior-Vice-President.jpg?w=336\" class=\"alignleft size-thumbnail wp-image-1004096147\" alt=\"Stream Realty Partners - Jeff Patterson Senior Vice President\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2014\/05\/Stream-Realty-Partners-Jeff-Patterson-Senior-Vice-President.jpg\" width=\"150\" height=\"150\" \/><\/a>Expansion into the multi-family sector has been part of Stream Realty Partners L.P.\u2019s plan for some time, and now that vision has come to fruition with the introduction of the real estate services firm\u2019s national multi-family platform.<\/p>\n<p>\u201cWhen we find the right people, we make a move,\u201d Mike McVean, co-founder of Stream Realty, told <i>Commercial Property Executive<\/i>. \u201cAll of our clients had been asking for our services in multi-family, but we didn\u2019t offer them. We had been searching for the right opportunity for a long time and we finally found the match with Jeff [Patterson] and his team.\u201d<\/p>\n<p>Stream Realty snapped up Patterson, a former principal at Apartment Realty Advisors, to govern the new multi-family business from the firm\u2019s office in Orange County, Calif., as a senior vice president.<\/p>\n<p>\u201cThe entrepreneurial nature and the culture at Stream Realty is so important and so unique&#8211;it\u2019s what drew me and my team to them,\u201d Patterson told <em>CPE<\/em>.<\/p>\n<p>The firm\u2019s new multi-family enterprise, which will initially be rolled out in Southern California and Austin, will provide clients with a wide range of offerings, including acquisition, disposition, construction management and asset management services. But it\u2019s the investment sales portion of its offerings that the firm expects will comprise the majority&#8211;an anticipated 75 percent&#8211;of the platform\u2019s business. In the office, industrial and retail sectors, Stream Realty\u2019s activities are predominantly in the leasing and property management arena.<\/p>\n<p>However, whether it\u2019s managing a development or orchestrating a property trade or providing any other relevant real estate service, Stream Realty will have no lack of work. The multi-family sector is firing on all cylinders. Nationally, the average apartment market occupancy level has hovered around the 95 percent mark for 11 consecutive quarters, according to a first quarter 2014 report by MPF Research, and annual rent growth levels have continued to hold at approximately 3 percent for the last seven quarters.<\/p>\n<p>Stream Realty sees no end in sight. People remain cautious about homeownership following the housing crisis and increasing job opportunities are spurring demand and for many. And then there\u2019s the fact that, for many, apartment living has simply become a preference.<\/p>\n<p>\u201cWe feel like this will be a strong and stable market for at least 10 years because the desire to live in an urban community isn\u2019t a fad, but a result of an evolving American culture,\u201d Patterson added. \u201cBased on the growth we\u2019re seeing within multi-family development firms, we are confident there will be strong demand for the product for a number of years.\u201d<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Expansion into the multi-family sector has been part of Stream Realty Partners\u2019 plan for some time, and now that vision has come to fruition with the introduction of the real estate services firm\u2019s national multi-family platform.<\/p>\n","protected":false},"author":969,"featured_media":1004096147,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21742],"tags":[],"class_list":["post-1004096145","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-latest"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - 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