{"id":1004495185,"date":"2020-11-24T03:35:21","date_gmt":"2020-11-24T11:35:21","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004495185"},"modified":"2020-11-24T06:48:44","modified_gmt":"2020-11-24T14:48:44","slug":"paxion-capital-acquires-stake-in-patrinely-group","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/paxion-capital-acquires-stake-in-patrinely-group\/","title":{"rendered":"Paxion Capital Acquires Stake in Patrinely Group"},"content":{"rendered":"
\"\"<\/a>

Robert Fields, President & CEO, Patrinely Group. Image courtesy of Patrinely Group<\/em><\/p><\/div>\n

Paxion Capital has acquired a significant stake in the Patrinely Group for an undisclosed amount. According to Patrinely Group, Paxion and its co-founders Jim Davidson and Fritz Wolff will be joined by Len O\u2019Donnell, president & CEO of USAA Real Estate<\/a>, in holding a significant interest in Patrinely Group.<\/p>\n

\n

READ ALSO<\/strong>: TIAA, Healthcare Realty Form Joint Venture<\/a><\/p>\n

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With the acquisition, Patrinely Group executives will continue to own a substantial stake in the investment and development company, as well as manage the firm, a Patrinely Group spokesperson told Commercial Property Executive.<\/em> The company will also continue to operate under its current name and maintain its headquarters in Houston.<\/p>\n

The acquisition will also see the firm\u2019s Dean Patrinely become the chairman of the Patrinely Group\u2019s board of directors, which will include Robert Fields, who is the firm\u2019s president & CEO. Fields and Donald Thomas II, Patrinely Group\u2019s COO, will continue to manage the firm\u2019s day-to-day duties.<\/p>\n

\"Dean<\/a>

Dean Patrinely, Chairman of the Board, Patrinely Group. Image courtesy of Patrinely Group<\/em><\/p><\/div>\n

The acquisition marks the next step in Patrinely Group\u2019s 37 years in business. The firm has tackled various projects related to investment, development and management of large-scale Class A mixed-use, office, multifamily and industrial properties in major markets. The firm has spread its reach with offices in Los Angeles, Denver, Houston, San Antonio, South Florida, Washington, D.C., and New Jersey. While its headquarters is in Houston, the firm\u2019s project portfolio spans from San Francisco on the West Coast to Milford, Conn., on the East Coast.<\/p>\n

Pushing forward Patrinely\u2019s pipeline<\/h2>\n

Patrinely said in prepared remarks that Patrinely Group will be able to take a major step forward with its plans with the help of Paxion. The company has a strong foundation for the future, with a robust national pipeline, Patrinely added in his prepared remarks.<\/p>\n

Earlier this year, Patrinely Group and its joint venture partners broke ground on a 60-acre mixed-use project<\/a> in Spring, Texas, that is scheduled for completion in the spring of 2022. Patrinely Group also secured its first tenant<\/a> for its 326,000-square-foot office development in downtown Salt Lake City in March.<\/p>\n","protected":false},"excerpt":{"rendered":"

The firm remains under the management of Patrinely Group\u2019s current executives, who will continue to own a substantial interest.<\/p>\n","protected":false},"author":883,"featured_media":1004495224,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21781,21743,21808,1589,23891,21742],"tags":[36392,33948,44930],"class_list":["post-1004495185","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-corporate-real-estate","category-deals","category-featured","category-houston","category-national","category-latest","tag-len-odonnell","tag-patrinely-group","tag-usaa-real-estate"],"acf":[],"yoast_head":"\nPaxion Capital Acquires Stake in Patrinely Group - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/paxion-capital-acquires-stake-in-patrinely-group\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Paxion Capital Acquires Stake in Patrinely Group\" \/>\n<meta property=\"og:description\" content=\"The firm remains under the management of Patrinely Group\u2019s current executives, who will continue to own a substantial interest.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/paxion-capital-acquires-stake-in-patrinely-group\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2020-11-24T11:35:21+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-11-24T14:48:44+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/11\/Robert-Fields.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"620\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Jackson Chen\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/paxion-capital-acquires-stake-in-patrinely-group\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/paxion-capital-acquires-stake-in-patrinely-group\/\",\"name\":\"Paxion Capital Acquires Stake in Patrinely Group - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/paxion-capital-acquires-stake-in-patrinely-group\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/paxion-capital-acquires-stake-in-patrinely-group\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/11\/Robert-Fields.jpg\",\"datePublished\":\"2020-11-24T11:35:21+00:00\",\"dateModified\":\"2020-11-24T14:48:44+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/8d4607aca26f3427c49fe54ddc82ddf1\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/paxion-capital-acquires-stake-in-patrinely-group\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/paxion-capital-acquires-stake-in-patrinely-group\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/paxion-capital-acquires-stake-in-patrinely-group\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/11\/Robert-Fields.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/11\/Robert-Fields.jpg\",\"width\":800,\"height\":620,\"caption\":\"Robert Fields, President & CEO, Patrinely Group. 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