Patti Adams
Wetumpka,AL
Summary
High-performing development manager with a multifaceted career in multifamily housing, leveraging extensive development and finance experience. Passionately desire to expand upon a 20+ year career in the multifamily industry to create housing solutions for communities.
Overview
23
23
years of professional experience
Work History
Senior Development Manager
JES Holdings, Inc.
Columbia, Missouri
02.2019 - Current
- Team leader responsible for all 4% LIHTC Bond development activity nationwide.
- Manage Florida 9% LIHTC pipeline.
- Responsible for market research, site identification, contract negotiation, rezoning, community support, LIHTC and bond applications, underwriting, finance, construction monitoring, and identification of community service partners.
- Generate new development partner leads through networking to acquire new clients.
- Directly manage multiple weekly meetings to enhance collaboration, and group problem solving.
- Hired new personnel, established key internal functions and outlined scope of position.
Vice President Development
Royal American Development
Panama City , FL
07.2016 - 01.2019
- Identified markets and sites to secure low income housing tax credits for new construction and acquisition rehab opportunities throughout Georgia and Florida.
- Annually applied for 6-10 low-income housing tax credits and was responsible for received funding for properties in Florida and Georgia.
- Worked with local governments for rezoning, community support, and design approval.
- Lead working group of design, construction and finance.
- Created internal site identification worksheet and tracker to score locations, identify potential site complications, and track deal flow.
Southeast Development Director
Herman & Kittle Properties (Kittle Property Group)
Indianapolis, IN
12.2014 - 06.2016
- Identified sites for new construction and acquisition rehab opportunities for 4% and 9% LIHTC properties in Florida, Georgia and Alabama.
- Structured deals to meet corporate goals while optimized competitive advantages for state policies.
- Worked with local municipalities for pre-development, design approval and governmental support.
- Worked with consultant to broaden knowledge base and expand geographic footprint for organization.
Development Officer
BSR Trust (Envolve Communities)
Montgomery, AL
02.2012 - 11.2014
- Responsible for redevelopment and preservation of affordable housing in 8 multifamily communities, 750+ units across 6 states.
- Led working group of pre-development, design, construction, finance and stabilization.
- Accountable for site identification, rezoning, permitting, budgeting, LIHTC application, finance, construction monitoring and stabilization.
- Identified and established new partnership to secure low-income housing tax credits for new construction development.
Assistant Vice President
Grandbridge Real Estate Capital
Birmingham, AL
04.1999 - 11.2011
- Managed underwriting team for Agency financing, focused on market rate, seniors, manufactured housing communities and affordable housing transactions.
- Responsible for underwriting over $100,000,000 annually in Agency debt.
- Negotiated terms and structured debt solutions with internal credit committee, Fannie Mae, Freddie Mac and FHA to optimize multifamily loan production.
- Promoted Agency lending platform to production teams and their clients to creatively structure financing opportunities that met needs of client and bank's objectives.
Education
Bachelor of Science - Business Administration in Finance
Auburn University
Auburn, AL03.1999
Skills
- Financial Modeling
- Verbal and Written Communication
- Relationship Building
- Task Prioritization
- Project Management
- Remote Employee Training
- Workflow Process Improvement
- Negotiating
Affiliations
- National Housing & Rehabilitation Associations - Board Member 2017-2018
- Alabama Women's Affordable Housing Network - Board Member 2022
- Women's Affordable Housing Network Atlanta
- Coalition of Affordable Housing Partners
- Texas Affiliation of Affordable Housing Providers
- LaFete Women's Society
Timeline
Senior Development Manager
JES Holdings, Inc.
02.2019 - Current
Vice President Development
Royal American Development
07.2016 - 01.2019
Southeast Development Director
Herman & Kittle Properties (Kittle Property Group)
12.2014 - 06.2016
Development Officer
BSR Trust (Envolve Communities)
02.2012 - 11.2014
Assistant Vice President
Grandbridge Real Estate Capital
04.1999 - 11.2011
Bachelor of Science - Business Administration in Finance
Auburn University
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