Steve Patterson, president and CEO of Related Development, LLC, leads all aspects of The Related Group’s highly successful multifamily and mixed-use division. Since its establishment in 2010, Patterson has grown the rental group into one of Related’s most prolific, with numerous flagship properties throughout the Southeastern United States, as well three regional offices located in Miami, Atlanta, and, most recently, Dallas.
Under Patterson’s leadership, the Related Development team has delivered over 5,500 units with an additional 4,100 in predevelopment or under construction. The division expects to start construction on an additional 5,000 units over three regions within 10 different Metropolitan Statistical Area (MSA) by 2020.
In addition to development, Patterson also pursues investment in value-add acquisitions in all income property sectors. His track record of profitable real estate investment ventures is valued at over $4 billion.
California is a trend-setter for the nation. So which trends in regulation of LBM dealers will the rest of the country see?
Like many dealers, the recession caused John Mensinger to lay off employees, sell equipment, and pay closer attention to his deliveries in order to keep afloat his business, American Lumber Co. in Modesto, Calif.
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