Prior to Fifth Third Securities, Henry worked for Challenger Capital Group, a Dallas, Texas, based boutique investment bank focused on middle market mergers and acquisitions. The bones of The Cliffs are unlike any other weve ever seen in terms of the quality of construction and development of the golf courses and other amenities, Randolph said. Scott earned his M.B.A. from UNCs Kenan-Flagler Business School in Chapel Hill, North Carolina and holds a B.S. You can update your choices at any time in your settings. The program has expanded to Keowee Springs and will soon launch at other communities offer a range of options, from turnkey cottages clustered around amenities to higher-end spec homes with various floor plans and interior packages. Get in touch Charlotte 2820 Swelwyn AvenueSuite 500Charlotte, NC 28209Phone: 704-334-3212 Kiawah Island 345 Freshfields DriveSuite 210Kiawah Island, SC 29455Phone: 843-768-9111 Charleston 701 East Bay StreetSuite 518Charleston, SC 29403Phone: 843-656-9442 Greenville 3851 SC-11Travelers Rest, SC 29690 Phone: 864-365-0700 Henry began his career with ORIX Corporate Capital in Dallas, Texas, where he provided middle-market companies with flexible capital for leveraged buyouts, recapitalizations, and acquisitions. Advance Kiawah is a multifaceted initiative to create a diverse, equitable, and inclusive future for Kiawah Island. All in all, it was a special safe place to be during an otherwise scary time, Randolph said. He currently serves on the board of the First Tee of Charlotte and formerly served on the board of The Barrier Island Free Medical Clinic. CHARLESTON, SC 29403. The company has over $1 billion of assets under management including hospitality, residential and commercial real estate investments. South Street Partners Announces Final Closing of Oversubscribed Inaugural Discretionary Fund, 2820 SELWYN AVENUE, SUITE 500 If, at any time, you require assistance please contact us directly at 828.631.1042. Dixie served as Wyndham Vacation Rentals Regional Human Resources Director across six states, as well as International Human Resources Director for Kiawah Partners, serving the US, St. Kitts, and Ireland. South Street acts as a principal investment platform and master developer,specializing in the development and management of luxury residential private club communities. South Street Partners is a private equity real estate investment firm headquartered in Charlotte, NC and Charleston, SC whose subsidiaries include Kiawah Partners, Kiawah Island Club & Real. Chris is also a member of South Streets Investment Committee. It was a big development across the Western Carolina mountains with an incredible opportunity. About South Street Partners South Street Partners is a private equity real estate investment firm headquartered in Charlotte, NC, and Charleston, SC and the largest owner of private residential club and resort communities in the Southeast including Kiawah Island Club and Kiawah Island Real Estate, Palmetto Bluff, The Cliffs, and the Residences at Salamander. The service, amenities and experience we offer need to be just world class. Thats not to say there arent certain amenities were now building and developing, but a lot of it was already there. He was most recently a Vice President of Investment Banking at BTIG in San Francisco, California where he focused on equity and debt capital raising assignments as well as mergers and acquisitions for corporate clients across the real estate sector. The Fund will seek to generate attractive risk-adjusted returns for its limited partners by: The current environment and demographic trends in our markets of focus create significant opportunities for the Funds investment strategy, said Patrick Melton, Co-Founder and Managing Partner of South Street. For more information about engaging in the alliance, contact: [emailprotected] or call us at +1 843.767.9300, 2023 Charleston Regional Development Alliance, 4401 Belle Oaks Drive, Suite 420, North Charleston, SC 29405. As part of this program, the Kiawah Island Club staffrenovated the outdoor facilitiesat Angel Oak Elementary School on Johns Island, providing more space and support for learning opportunities outside the classroom, including the construction of an outdoor classroom and the donation of a new greenhouse. The 2010 Census showed the region contains 14 of the nations 15 fastest growing cities. With $1 billion in assets, the companys strategy has been to primarily focus on the southeastern United States, which has experienced sustained population growth partly because of the migration of families and older adults to warmer climates. What ended up happening is people in the market wanted to be a part of it, too. Chris Randolph of South Street Partners - the new owners of The Cliffs communities - remembers thinking that after the group acquired Kiawah Partners in 2013 and were determining what to do with a large centrally located piece of land on Kiawah Island, which already had half a dozen notable courses. Chris graduated from the University of North Carolina at Chapel Hill with a bachelors degree in American History. All conditions and descriptions of amenities and facilities are subject to the Developers continuing quality improvement programs. Glad to hear more appreciation for the decoupling of real estate strategy and golf course frontage. Prices start around $2 million in their suite of developments, and Chris Randolph, a partner, says South Street is seeing no slowdown. Pat is a graduate of State University of New York Fredonia with a bachelors degree in Business Administration with a concentration in Management, and a minor in Computer Science. Copyright 2023 by Pazdur Publishing, Inc. & Executive Golfer Magazine, All Rights Reserved. Much of that growth came from people escaping high-tax, high cost-of-living areas in the northeast. Enrich your list with 50+ firmographic fields, Turn website visitors into qualified leads, Save contact lists directly to your CRM platform, Read best practices and stay up-to-date with news, Compare us to other vendors in the sales intelligence space, Learn how to use AroundDeal effectively and get help when you need it, AroundDeal cares about your data privacy. Most of this experience has been with Kiawah Partners involving projects on Kiawah Island and Cassique in South Carolina. The firm has executed on some of the industrys most recognizable trades over the last decade, including North Beach Towers, Kiawah Partners, Doonbeg, Christophe Harbour, The Cliffs Communities, The Residences at Salamander and Palmetto Bluff. He has done an incredible job in a very short amount of time., Palmetto Bluff, a 20,000-acre community located in Bluffton, South Carolina, is the latest addition to South Street Partners continued push into luxury private residential club communities and resorts in the Southeast. Anyone can read what you share. We received a call from a trusted advisor about an opportunity to acquire Kiawah Partners and their portfolio of properties in South Carolina, Ireland, and St. Kitts, recalled Randolph. Its all the time. All rights reserved. , Patrick Melton, our managing partner of South Street, was interviewed by Charleston Business Magazine for their cover article,Living Large. Wesley graduated from the University of Georgia with a bachelor's degree in Real Estate from the Terry College of Business. Finally, we shifted the focus from a traditional country club dominated by golf to a family-centric club with a variety of amenities and programming that attracts all ages.. The Funds GP structure enables South Street to scale its successful 13-year strategy of partnering with institutional investment firms on large cap transactions as well as to pursue small and mid-cap deals utilizing the Funds balance sheet. LinkedIn and 3rd parties use essential and non-essential cookies to provide, secure, analyze and improve our Services, and (except on the iOS app) to show you relevant ads (including professional and job ads) on and off LinkedIn. Presented plans, materials and specifications are subject to architectural and other revisions at the sole discretion of the developer, builder or architect, or as may be requested by law. The firms inaugural discretionary commingled fund raised over $225 million, significantly exceeding an original target of $100 million. "For generations, families have been drawn to Middleburg's mystique and its renowned equestrian and wine country lifestyle," said Chris Randolph, Partner at South Street. They still wanted a second home, but they were willing to trade some of the customization for a turnkey product that checked probably 90 percent of their boxes. Prospector. Most of our neighbors feel the same way. The Cliffs was almost like a sanctuary for those who were living here. At Summit, Chris focused primarily on opportunistic, middle market real estate investments throughout the U.S. as well as the development of a high-end private golf club business. Access is by boat only to this little island of perfection, scrubbed clean twice daily by Mother Nature. But these traits have produced the loyal and confident following South Street Partners enjoys. South Street Partners believe that these efforts are the first step in an ongoing evolution that is deeper and more essential than just programming and outreach but also a reshaping of the Island's culture and identity. Any furniture, appliances or decorator ready items depicted herein are shown for artistic and illustrative purposes only and are not included in the purchase and sale of the residence. We worked through the holidays crunching the numbers and quickly realized how compelling the opportunity truly was.. Please be aware that our efforts are ongoing. Our theory is that if you create an incredible world-class golf experience, just the proximity of homes to that course will yield higher prices than a traditional fairway-lined real estate golf course development. Its not just Monday through Friday 9-to-5. Twice a day, the receding tide reveals the silky beach of the May River Sandbar. One thing we know is that you cant rinse and repeat. Kiawah in the Community also hosted a fundraiser which raised over $100,000 for theBarrier Islands Free Medical Clinicwhich provides free health care for low income, uninsured adults who live or work on Johns, James and Wadmalaw Islands or Folly Beach. South Street Partners landed its first big deal in 2011 when it and Starwood Capital Group acquired North Beach Towers, the largest oceanfront condominium ever constructed on the Grand Strand at nearly 1 million square feet. He currently serves on the Medical University of South Carolinas Childrens Hospital Advisory Board, The First Tee of Greater Charlestons Board of Advisors, and the Charleston Regional Development Alliance Board of Directors. Most recently, Chris was a Director with Heritage Golf Group, a boutique owner and operator of private and daily fee golf clubs . A native of Greensboro, North Carolina, Bennettes previous experience includes consulting, bookkeeping, human resources, event management, and fundraising. Sourcing unique acquisition opportunities through a deep network of owners, advisors, managers, and developers of real estate created over decades of operational and investment experience, Acquiring properties at attractive prices (often below replacement cost), usually as a result of distress or underperformance at the asset level, improper capitalization, or unique management or ownership dynamics which limit a sellers ability to effectively bring the asset to market, Instituting and managing a repositioning or redevelopment program, Adding value through hands-on asset management through in house operational expertise. Since their 2013 acquisition, Kiawah has seen over $3.5 billion in sales and recently hired Beau Welling to design a third private golf course for the Kiawah Island Club. SouthStreetPartners.com, Cision Distribution 888-776-0942 On Lake Keowee [at the Cliffs], we just set a record with a purchase price of $6.3 million. 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