Started in 2009 by Patrick Melton and Jordan Phillips, alums of both Discovery Land Company and the University of North Carolina, South Street Partners now has $1.3 billion in assets under management, over one million square feet of commercial space, and has over 1,600 employees across their properties spread across six states. Will began his career with Inter-Asia Venture Management in Hong Kong, China. https://lnkd.in/euxjYdCt, On September 8, South Street Partners joined MUSC to break ground on the long-awaited Sea Island Medical Pavilion. . Scott earned his M.B.A. from UNCs Kenan-Flagler Business School in Chapel Hill, North Carolina and holds a B.S. After acquiring Kiawah Island Real Estate in 2013, around-the-clock medical. "Residences at Salamander is a low-density, protected community in a beautiful, natural setting with a temperate climate," said Chris Randolph, a partner at South Street Partners. Chris graduated from the University of North Carolina at Chapel Hill with a bachelors degree in American History. Peter graduated from Southern Methodist University with a bachelors degree in Economics with Financial Applications. Ray has overseen the contract administration from construction through project closeout. The theory there is that people, especially young families, will pay more for frontage on a park they can access 24 hours a day versus a golf course where you really are only getting out there before and after the golfers play. After working in the roles of customer service technician, onsite installer, trainer, and software developer; he left to work for Club Resort Solutions as a consultant. 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. These projects include several golf courses, beach clubs, golf clubhouses, a marina, and other residential and recreational facilities along with real estate subdivisions. While navigating the industrys ups and downs, Chris Randolph of South Street Partners says his firm has learned that you cant rinse and repeat.. The company has over $1 billion of assets under management. South Street acts as a principal investment platform as well as an operating partner and co-investor for institutional partners interested in special situations, opportunistic and value add real estate investments in the Southeastern United States as well as select continental US and international markets. About South Street Partners South Street Partners is a private equity real estate investment firm headquartered in Charlotte, NC and Charleston, SC whose subsidiaries include Kiawah. Established with a simple mission of striving to eliminate systemic and institutional racism and promoting diversity, equity, and inclusion, Advance Kiawah's vision is to enable racial, social, and economic progress that outlives this moment in time and transforms Kiawah Island into a community that leads both locally as well as across its state and nation. It would be great if SSP would actually ask their members what they want and share their plans, it could be great. From our perspective, the genuine opportunity was to breathe new life into The Cliffs, similar to what we did at Kiawah. KIAWAH ISLAND, SC 29455, 701 EAST BAY STREET, SUITE 518 Most recently, Chris was a Director with Heritage Golf Group, a boutique owner and operator of private and daily fee golf clubs . 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. Dixie graduated from the University of North Carolina, Wilmington with a Bachelor of Arts in Communication Studies, and holds various Human Resources certifications. "Back then, there wasn't that much institutional capital looking for investment opportunities in the Southeast. Vice President of Homebuilding & Operations. As we enter into whatever this recessionary whether its deep, shallow, long or short environment, were going to be very conscious of what that means for our buyers. Rob has spent the last 16 years of his career with Discovery Land Company holding management and executive positions at several of their communities/clubs and most recently serving as the CEO of Mountaintop Golf & Lake Club in Cashiers, NC. Such as png, jpg, animated gifs, pic art, symbol, blackandwhite, picture, etc. One thing we know is that you cant rinse and repeat. We will be updating our website over time to implement the relevant portions of the World Wide Web Consortiums Web Content Accessibility Guidelines 2.0 Level AA (WCAG 2.0 AA), which will also bring our website into further conformance with the Section 508 Web Accessibility Standards developed by the United States Access Board (Section 508). Amy is a passionate photographer and horseback rider and received a BFA from University of Georgia in Art Education and a BFA in Graphic Design from Trident College. If you look at our home building activity, we are now the largest home builder at Kiawah and the largest home builder at the Cliffs. Metrics & Numbers South Street, a private equity development firm based in Charlotte, N.C., and Charleston, S.C., has scored major acquisitions of the Kiawah Island Club in South Carolina and its two golf courses; Palmetto Bluff in Bluffton, S.C.; and the Cliffs development, which is set in the Blue Ridge Mountains and has seven separate communities in South Carolina and North Carolina. Copyright 2023 by Pazdur Publishing, Inc. & Executive Golfer Magazine, All Rights Reserved. Ray graduated from the University of Tennessee with a BS degree in Civil Engineering. In such page, we additionally have number of images out there. . Another factor thats driving this for us is that, at Kiawah, we actually see premiums for lots and homes on the parks that weve developed versus golf courses. In a Shifting Economy, a Developer Keeps Asking What Buyers Want, https://www.nytimes.com/2022/09/09/realestate/luxury/-golf-homes-developer-what-do-buyers-want.html. Will is also a member of South Streets Investment Committee. Wheels Up partners include Porsche, American Express, Wine Access, and Abercrombie & Kent among others. Patrick J O'Brien In March, South Street Partners bought The. In addition, she owned and operated Lowcountry Human Resources Consulting, LLC. A marketing veteran with 22 years of industry experience, Amys focus as Vice President of Marketing for South Street Partners is to oversee the strategy and execution of marketing programs for corporate, real estate development, and club entities. Wesleys responsibilities at South Street Partners include deal sourcing, acquisitions, and asset management. However, we knew there would be generational buying opportunities as Americas economy was showing green shoots of growth after the Great Recession. Floor plans may not be to scale. As stewards of three iconic golf destinations, our timeline is much longer than a lot of our competition, and we plan for the impact of economic cycles during these longer holds. If you're searching for Chris Randolph South Street Partners topic, you have visit the ideal . Previously, Chris was a Vice President, Investments at Cr Read More Contact Chris Randolph's Phone Number and Email Last Update 8/25/2022 8:13 PM Email c***@southstreetpartners.com Engage via Email Contact Number (843) ***-**** Engage via Phone Mobile Number Philip graduated from the University of Georgia with a bachelors degree in Finance and Real Estate. Palmetto Bluff a ~20,000-acre private residential club and resort community located in Bluffton, SC just north of Savannah, GA featuring 32 miles of river frontage, a 5-star 200-key Montage Hotel, the Palmetto Bluff Club and May River Golf Club, Palmetto Bluff Realty and entitled land for approximately 2,500 additional residences. South Street acts as a principal investment platform and master developer,specializing in the development and management of luxury residential private club communities. As Operations Manager at The Cliffs and Vice President at South Street Partners, Chris' responsibilities include all aspects of club operations, development and project management. She was most recently Assistant Director of SECU Crystal Coast Hospice House where she prepared financial reports and managed strategic planning and marketing for fundraising events. Patrick graduated from the University of North Carolina at Chapel Hill with a bachelors degree in Business Administration from the Kenan-Flagler Business School. This is the first discretionary fund in South Streets history and allows us to be more acquisitive of new properties while continuing to work with our legacy investment partners in the private equity and hedge fund space. Here Are Four Ways to Spot Greenwashing, The White House Is Considering Broad Actions to ExpandTenant Protections, The School Board Queen Endorsed by Florida Governor Ron DeSantis, The School Board Queen: How a Florida Mom Is Shaking Up US Education, Ryan Salame Invested Big In ASmall Town, Now Its Tangled Up In FTXs Fallout(Podcast), Fight to Regulate Crypto atCrossroads as Ripple Ruling Looms. We carefully analyzed The Cliffs on its own merits, surveyed the surrounding competition and felt we could outperform, explained Randolph. "This was a once-in-a-lifetime opportunity," says Chris Randolph, one of South Street's four principals. Palmetto Bluff residents dont have that opportunity and are in the dark. The appeal of Palmetto Bluff is enhanced by access to a Jack Nicklaus Signature course. Previously, Will was Vice President of Investments for Crescent Resources, a $1 billion+ real estate development and investment company headquartered in Charlotte, North Carolina. 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. We want to create the best golf experience possible. The home is important, but youre buying a lifestyle. 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. 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. Will received a bachelors degree in Economics from the University of North Carolina at Chapel Hill and currently resides in Charlotte, North Carolina with his wife, son and two daughters. Our goal is to provide an accessible and barrier-free environment for our website, online services and other technology. We were all leaving great jobs in the world of private equity real estate and development during a significant economic downturn. KIAWAH ISLAND, S.C., March 18,2021 /PRNewswire/ --In the wake of George Floyd's death, and the mass protests that followed - bringing the issue of racial and systemic injustice front and center to the American consciousness South Street Partners created "Advance Kiawah", a multifaceted initiative charged with charting a more diverse, equitable, and inclusive future for Kiawah Island. Charlotte, NC and Charleston, SC July 27, 2022 South Street Partners(South Street) a leading private equity real estate investment firm headquartered out of Charlotte, NC and Charleston, SC, announced the final close of SSP GP Fund I(the Fund) yesterday. Up and delighted to invite their members to explore our exceptional communities' across the Southeast," said Chris Randolph, partner at South Street. Patricks focus was acquisitions, finance, project management, and operations oversight across the entire portfolio of communities. Prior to joining Discovery, he worked for Inter-Asia Venture Management in Hong Kong, China. CHARLESTON, SC 29403. Chris Randolph is a Partner at South Street Partners based in Charlotte, North Carolina. To that point, what are other major developments youve noticed in the last 10 years, and where do you foresee things going in the next five years? Previously, Chris ran acquisitions in the real estate group at Summit Capital Management, a private equity firm with over $300 million of assets under management. "Ultimately, much of the credit is due to the previous ownership. Bennette assists with day-to-day asset management responsibilities for South Street Partners land holdings. Chris has been with South Street since its inception in 2009 and is primarily focused on the firms acquisitions and capital markets businesses. South Street has really made a push into offering turnkey homes at its properties. Floor plans may not be to scale. That money was focused more on the Northeast and what they call the 24/7 coastal cities, said Chris Randolph, who joined South Street as a partner shortly after its founding. 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. We are proud to say we are the largest homebuilding company at Kiawah and The Cliffs, and are also getting the program going at Palmetto Bluff as we speak. Prior to joining Brookfield, he worked at Situs on a dedicated asset management platform for TPG Real Estate Finance. 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. 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.. This seems to follow an industry trend. our inaugural US discretionary commingled fund is a major achievement," said Chris Randolph, a partner at South Street Partners. 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. 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. 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. Jordan co-founded South Street and focuses on asset management and finance across the portfolio. Please be aware that our efforts are ongoing. Please be aware that our efforts are ongoing. Chris Randolph, South Street Partners LLC: Profile and Biography - Bloomberg Markets Subscribe Live Now Bloomberg TV+ Athlete | Empire:Chase Griffin Bloomberg Radio Bloomberg Daybreak. You can update your choices at any time in your settings. 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. 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. Starting at 4,500 square. Read our GDPR, CCPA compliance, Discover our comprehensive and accurate B2B database, Director, Office of Program Monitoring and Evaluation, Vice President & Head of Asset Management, Chris Randolph's role in South Street Partners is Partner. Rays other notable works include the Doonbeg Lodge & Golf Club, County Clare, Ireland and Christophe Harbour, St. Kitts, West Indies. Bennette graduated from East Carolina University with a bachelors degree in fine arts. Rob has over 30 years of experience working in the hospitality management industry, 23 of which has been in private club management. Private equity real estate investment firm South Street Partners has raised over $225m (220m) for its debut fund, exceeding an initial $100m target. 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Chrome Extension. Ashlee Vance explores innovations in new tech, software, engineering, and science in places outside of Silicon Valley. Randolph previously served on the Board of Visitors of MUSC Health and currently serves on the Advisory Board of MUSC Children . "As more diverse families consider property here, we want them to have an opportunity to see Kiawah for what Kiawah truly isa community that's open and welcoming to all,"said Chris Randolph, partner at South Street Partners. https://lnkd.in/euxjYdCt Liked by Ryan Hubbard Is that consumer-driven, or simply the best way to maximize profit? To deliver on that, we need to find the best land for the best golf. John earned his M.B.A. from UNCs Kenan-Flagler Business School in Chapel Hill, North Carolina and graduated from Washington & Lee University with a bachelors degree in Economics and Politics. Find contacts on the web. So, we dont concern ourselves too much with slowdowns in the market in terms of our business plan, but we also want to be conscious of overdeveloping during a time when sales might not be there. That helped put us on the map, Melton said. On Lake Keowee [at the Cliffs], we just set a record with a purchase price of $6.3 million. The Cliffs, an amalgamation of seven Carolina mountain communities, has announced $40 million in new capital investments. Peters responsibilities at South Street Partners include deal sourcing, acquisitions, and asset management. The fourth partner, Will Culp, joined the company a couple of years later after serving as vice president for investments for Crescent Resources, a $1 billion real estate development and investment firm headquartered in Charlotte. 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. from 8 AM - 9 PM ET. Kiawah Partners purchased Kiawah Island in 1988. Dixie Norris is responsible for overseeing Human Resources for the more than 1,200 associates of South Street Partners employee base. 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. Dan Whalen President & Broker in Charge Phone: (843) 768-3428 Email: dwhalen@kiawah.com Address 1 Kiawah Island Parkway Kiawah Island, SC 29455 Back then, there wasnt that much institutional capital looking for investment opportunities in the Southeast. There are various methods for calculating the total square footage of a residence and the quoted square footage of a unit may vary. Kiawah Island is home to some 4,100 residential properties and a world-class resort. Second, the concept of I want it now was a growing trend. We listened to existing property owners with open ears, and I credit three factors for our initial success on one of Americas most famous barrier islands, continued Randolph. Prior to joining South Street, Amy served as Vice President of Marketing for The Cliffs as well as Chief Marketing Officer for Timbers Resorts, where she managed the resort hospitality and real estate marketing for their portfolio across the globe. 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. Chris Randolph Partner. For more information, please visit CliffsLiving.com. 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 South Street Partners was founded in 2009. 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. That money was focused more on the. We are grateful to support a cause to expand pediatric cardiovascular services to families in the Charleston Region. South Street Partners is a private equity real estate investment firm headquartered in Charlotte, NC and Charleston, SC whosesubsidiaries include Kiawah Partners, Kiawah Island Club & Real Estate and The Cliffs, as well asSoutheast Land Management, one of thelargest privately-owned land portfolios in the Southeast. Mr. Randolph spoke about his firms investment plans and residential golf developments. Watercolor artist. When offered the opportunity relocate to the Charleston area and work exclusively for Kiawah Partners and Colleton River Plantation, he jumped at the opportunity. In addition, the firm expects to generate co-investment opportunities for its limited partners. Home; Products. CHARLESTON, SC 29403. To propel this clinic forward, we partnered with MUSC and donated almost $5 million worth of land. We encourage everyone to participate and be the cause. Well continue to build the clustered neighborhoods around those amenities. Our buyers have worked a long time to have the ability to buy into these communities. 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. Weve got to create unique products and, more than anything, we have to deliver the best product possible from both a club and resort experience. To date, the South Street Partners' leadership teams have been professionally trained on diversity, equity and inclusion and this training will soon be rolled out to all 500 employees. Chris Randolph spoke with The New York Times on South Street Partners investment plans and future development. We will soon be the largest at Palmetto Bluff, because we believe fully in that strategy of delivering a finished product and doing so with scale and efficiency. For more information, please visit KiawahIsland.com. South Street Partners, a Charlotte and Charleston-headquartered developer and operator of luxury residential private club communities, today announced the acquisition of The Cliffs - a collection of seven private luxury mountain and lake club communities in the western Carolina mountains. 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. Floor plans may not be to scale. All conditions and descriptions of amenities and facilities are subject to the Developers continuing quality improvement programs. 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. 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. South Street Partners was founded in 2009. 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. 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. We designed it, built it and did the interiors, all the way down to the forks and knives in the drawers. Thats not to say there arent certain amenities were now building and developing, but a lot of it was already there. His responsibilities included operations, development and project management across all owned properties. 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. 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. Kiawah's overall development plan remains the model for conservation, enhancement of open space, and preservation of the Island's environmental integrity. . Kiawah Island is home to some 4,100 residential properties and a world-class resort. At the end of the day, thats what people are buying: the private club experience we can offer. Melton, Phillips, Randolph, and Culp all attended the University of North Carolina Chapel Hill, although not at the same time. He currently resides in Charleston, South Carolina with his wife and son. As the VP of Information Technology, Pat oversees the technology needs for all South Street Partner entities. He resides in Charleston, SC with his wife. 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