A native of Greensboro, North Carolina, Bennettes previous experience includes consulting, bookkeeping, human resources, event management, and fundraising. All rights reserved. If, at any time, you require assistance please contact us directly at 828.631.1042. He resides in Charleston, SC with his wife. Chris Randolph - Randolph is a Partner with South Street Partners, the largest developer of vacation home communities in the state including the Cliffs Communities in the Upstate and Kiawah Island in the Lowcountry. Vice President & Head of Asset Management. ", "We know authentic change doesn't happen overnight,"said Jordan Phillips, partner at South Street Partners. Wesley graduated from the University of Georgia with a bachelor's degree in Real Estate from the Terry College of Business. Shortly after closing, we hired Rob Duckett as president of The Cliffs to oversee a new era focused on providing exceptional service and hands-on management from the top down. Glad to hear more appreciation for the decoupling of real estate strategy and golf course frontage. Her experience includes Human Resource management across multiple industries with a focus on hospitality. All rights reserved. Patrick is also a member of South Streets Investment Committee. Second, the concept of I want it now was a growing trend. Metrics & Numbers The article about your company in Business North Carolina totally rocks! Chris graduated from the University of North Carolina at Chapel Hill with a bachelors degree in American History. Currently, Jordan is an active member of The Gibbes Museum of Art Board, the Charleston Regional Development Alliance Economic Leadership Council and the UNC Educational Foundation Board of Advisors. https://lnkd.in/euxjYdCt, We proudly partnered with Kiawah Island Club Member, Greg Olsen, to host the First Annual HEARTest Yard Celebrity Classic on June 5thand 6that the River Course. Back then, there wasnt that much institutional capital looking for investment opportunities in the Southeast. The good news is weve got a very long-term outlook at all of our projects of 10-plus years, if not more. Deciding to focus on the Island's overall development, rather than the day-to-day operation of a resort, Kiawah Partners sold the resort amenities the following year. Chris formerly served on the boards of AccelerateSC, the One SC Fund as well as the Medical University of South Carolinas Board of Visitors. If, at any time, you require assistance please contact us directly at 828.631.1042. 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. Ray has overseen the contract administration from construction through project closeout. I used the term novel earlier, and I think it is probably still considered a little bit of a novel approach in our industry to not try and really integrate a ton of real estate on the golf frontage. https://lnkd.in/euxjYdCt Prior to Crescent, Will worked for Hillwood Investments, a Dallas, Texas based development and investment firm and one of the top privately owned real estate companies in the country. In May 2013, Kiawah Partners was sold to South Street Partners who retained all of the development staff and have kept the original Kiawah Partners vision intact. Dixie Norris is responsible for overseeing Human Resources for the more than 1,200 associates of South Street Partners employee base. The island accommodates more than 400,000 visitors annually. All conditions and descriptions of amenities and facilities are subject to the Developers continuing quality improvement programs. We are excited to have emergency care and medical specialties brought to the residences of Kiawah Island and Seabrook Island. Culp said, Anyone can start a company and have colleagues, but the four of us are really good friends, and we have a unique communication style because of that. Kiawah's overall development plan remains the model for conservation, enhancement of open space, and preservation of the Island's environmental integrity. We look forward to adding to our collection of properties in the not-too-distant future., Where Nature Nurtures Across Sublime Coastal Landscapes. Find contacts on the web. 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. Jordan received a bachelors degree in Economics from the University of North Carolina at Chapel Hill. At Kiawah, where Covid increased golf demand and drove up home prices, Beau Welling, Tiger Woods design partner, will work on a new course with a residential component. Kiawah Partners a portfolio of real estate and operating assets including much of the remaining residential land on Kiawah Island, a 10,000-acre resort community off the coast of Charleston, SC featuring 10-miles of beachfront, the world class Kiawah Island Club, Kiawah Island Real Estate, the islands dominant residential brokerage, and Two Meeting Street Inn, a 130-year-old bed-and-breakfast located South of Broad in Charleston, SC. At the clubs Cassique Boathouse, access is provided to a variety of water equipment to explore surrounding creeks and marshlands. , Patrick Melton, our managing partner of South Street, was interviewed by Charleston Business Magazine for their cover article,Living Large. Chris Randolph, a partner in South Street Partners, at the Cliffs at Mountain Park, a development in Marietta, S.C. Patrick O' Brien/South Street Partners South Street just. He was most recently Senior Associate at Fifth Third Securities in Charlotte, North Carolina where he focused on both buy-side and sell-side mergers and acquisitions and equity and debt capital raising assignments. Ray graduated from the University of Tennessee with a BS degree in Civil Engineering. Chris resides in Charleston, South Carolina with his wife and two yellow labs. South Street Partners is committed to facilitating the accessibility and usability of its website. His experience includes coordinating the necessary design professionals, legal, and other service providers in securing government approval at all levels . Clubhouse and associated amenity projects at Keowee Springs and Mountain Park should break ground in early 2021.A wellness center is also in the works for Mountain Park, as is a new lake club at Keowee Springs. We knew if we had the right management, the right team in place, and the right programming, meaning more family-centric amenities and activities, we knew that would be meaningful to the existing owners as well as future buyers.. We all had a familiarity with each other, so it all made sense, Melton said. Two of the four partners, Patrick Melton and Jordan Phillips, worked for Arizona-based Discovery Land Company, a developer and operator of luxury private residential communities and golf resorts, in 2008 when the real estate market started to collapse. Thats not to say there arent certain amenities were now building and developing, but a lot of it was already there. Philips responsibilities at South Street Partners include asset management and acquisitions. SouthStreetPartners.com, Cision Distribution 888-776-0942 CHARLESTON, SC 29403. Founded in 2009, South Street has deployed over $500 million of equity across resort, residential and commercial properties and has over $1.3 billion of assets under management. When it comes to second homes and golf communities, South Street Partners has more than a dozen years of experience under its belt, riding the industry through economic ups and downs and the increased popularity of drive-to developments in the wake of Covid-19. Chris has been with South Street since its inception in 2009 and is primarily focused on the firms acquisitions and capital markets businesses. 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. Sales are up significantly, much of that has happened during the coronavirus pandemic. South Street Partners plans to turn the nearly 900-acre Orange Hill tract into an 18-hole golf course community with homes. . South Street partner Chris Randolph said there would be no changes in The Cliffs' management team because "we bought an operating business and it's running well." In 2013, the South Street Partners acquired Kiawah Partners, the master developer of Kiawah Island. Through the downturn of 2008 to 2010, people started taking a different approach, where they werent necessarily interested in taking on a project of that type. They just did a very good job of keeping this place as a best-in-class type of asset. KIAWAH ISLAND, SC 29455, 701 EAST BAY STREET, SUITE 518 In addition, the firm expects to generate co-investment opportunities for its limited partners. All conditions and descriptions of amenities and facilities are subject to the Developers continuing quality improvement programs. 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. At Crescent, Scott was responsible for evaluating residential acquisition opportunities and providing asset management for all existing portfolio communities that included implementing corporate portfolio strategies, project underwriting and financing activity. CHARLOTTE, NC 28209, 345 FRESHFIELDS DRIVE, SUITE 210 He was most recently a Senior Associate at OConnor Capital Partners based in New York, NY where he acted as an acquisitions generalist working across all major asset classes for the firms U.S. dedicated investment vehicles. Mr. Randolph spoke about his firms investment plans and residential golf developments. Floor plans may not be to scale. Peters responsibilities at South Street Partners include deal sourcing, acquisitions, and asset management. Multifaceted Initiative to Chart More Diverse, Equitable and Inclusive Future for Kiawah Island. South Street Partners also started a new homebuilding program, Cliffs Builders, with its first development at The Cliffs at Walnut Cove. In addition to development responsibilities, Scott evaluated and negotiated all contracts on existing land development parcels being sold to regional and national homebuilders and managed all aspects of the sale and due diligence process. However, we knew there would be generational buying opportunities as Americas economy was showing green shoots of growth after the Great Recession. Prices start around $2 million in their suite of developments, and Chris Randolph, a partner, says South Street is seeing no slowdown. CHARLESTON, SC 29403. As a former fund-less sponsor raising capital on a deal-by-deal basis, reaching the closing of our inaugural U.S. discretionary commingled fund is a major achievement, said Chris Randolph, Partner. "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. 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. Is that consumer-driven, or simply the best way to maximize profit? We were all leaving great jobs in the world of private equity real estate and development during a significant economic downturn. They created an external and internal committee made up of property owners, club members, and staff to take a deeper look - and they interviewed homeowners - all in an effort to develop goals, and a plan to accomplish them, for Advance Kiawah. Your California Privacy Rights / Privacy Policy. South Street Partners was founded in 2009. The Cliffs, an amalgamation of seven Carolina mountain communities, has announced $40 million in new capital investments. From our perspective, that means what I would call a core golf course with little to no real estate impacting the golf experience. All conditions and descriptions of amenities and facilities are subject to the Developers continuing quality improvement programs. Wills responsibilities included debt and equity capital raising and structuring as well as asset management for Hillwoods luxury residential investments. You can update your choices at any time in your settings. It was a good time to buy anything, and we were focused on the Southeast generally.. 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. 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