New company to forge investment, development opportunities throughout the U.S. Southeast and Southwest
NASHVILLE, Tenn. (Oct. 11, 2017) – Oklahoma City-based Hall Capital Commercial Real Estate, a privately-held real estate investment firm, and Spectrum|Emery, an industry leading real estate development company, have united to form Hall Emery, a full-service real estate development and investment firm. The firm will focus on acquiring and developing office, industrial and mixed-use assets throughout the Southeastern and Southwestern United States, and will continue to provide best-in-class commercial services to select owners inside and outside of the Hall Emery portfolio.
Hall Emery combines the investment insight, experience and capabilities of Hall Capital Commercial Real Estate with the 30-year development experience and best-in-class operating platform that Pat Emery and team have built over the years, most recently with Spectrum|Emery.
“Our real estate team has worked closely with Pat Emery and his entire organization as an investment partner on complex and transformative real estate deals in Middle Tennessee, and our talents and capabilities together are both unique and unmatched in our industry,” said Fred Hall, Chairman and CEO of Hall Capital, and Chairman of Hall Emery. “The investment expertise and resources we’re able to provide, coupled with Spectrum|Emery’s development and management capabilities, not only allow us to better serve our existing clients, partners and investors, but also position our organization for future growth and opportunity with other investors and developers across the nation.”
Hall Emery offers its investor partners a disciplined, connected and strategic investment and development team – coupling superior market insight with a best-in-class operating platform that provides leasing and management services.
The executive leadership team for Hall Emery will include Pat Emery, Clay Moss, and David Wells. Pat Emery will lead as CEO and will focus on sourcing and executing new development projects. Clay Moss will serve as COO and lead the company’s investment and asset management operations. David Wells has been named President and will lead Hall Emery’s commercial services operations that includes third party development, leasing and property management services while working closely with Emery and Moss to grow the portfolio in the Southeast.
“The formation of Hall Emery joins two companies that strive toward a mission to provide a forward-thinking approach to value and quality in real estate,” said Emery, CEO of Hall Emery. “Culturally, we are closely aligned, and share the highest commitment to integrity, loyalty and results. Working together as one company, we will be able to grow exponentially and capitalize on the strengths of both organizations.
Emery specifically touted the strength of his leadership team. “Clay Moss has demonstrated an exceptional ability to source and acquire great assets and has consistently added value to all properties he has had under management. David Wells has taken our commercial operations to the next level at Spectrum|Emery and has consistently delivered outstanding results for an array of clients in two of the most dynamic markets in the southeast – Nashville and Charlotte,” continued Emery. “Fred and I could not have more confidence in these two leaders and look forward to many successes in the years to come.”
Hall Emery will focus on three key platforms – investment, development and commercial services. The foundation of Hall Emery’s investment approach will be centered on acquiring stabilized assets, while creating opportunity to pursue value-add assets as well. It will also develop new assets based on marketplace demands, using on-the-ground market insight and a best-in-class operating platform to execute both the construction and the successful lease-up of the asset.
The company will deploy a variety of capital sources for each deal. “The primary source of capital will continue to be Hall Capital’s equity funds, but we’ll also have other sources for deals that don’t fit the fund structure,” said Hall.
The company will pursue a myriad of product types, including office, industrial and mixed-use. Deal sizes are expected to average between $15 million and $50 million, and up to $400 million for certain joint venture structures with preferred institutional equity partners.
“We approach every deal with flexibility and customization in mind. With the diverse make-up and expertise of our team, we’re able to fill a variety of roles with a keen focus on the nature of each specific deal,” said Clay Moss. “We have the ability to work with each of our partners in a number of different ways depending on the needs of the client and the project.”
Hall Emery will operate out of Nashville and Oklahoma City. For more information about Hall Emery, visit http://hallemery.com/.