Founded in 2009, South Street Partners is a private equity real estate investment firm headquartered in Charlotte, NC and Charleston, SC with over $800 million 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

Meet The Team

Patrick Melton

Managing Partner

Jordan Phillips

Partner

Chris Randolph

Partner

Will Culp

Partner

Scott Coblentz

President - southeast land management

Bennette Cornwell

Investor Relations Manager and Accountant - southeast land management

Henry Armistead

Vice President

Patrick is responsible for all aspects of South Street Partners, including acquisitions, sales, development and operations. Previously, Patrick was a Partner at Discovery Land Company, a developer of high-end private golf communities. Patrick’s focus was acquisitions, finance, project management, and operations oversight across the entire portfolio of communities. Prior to joining Discovery, Patrick served in a number of roles at Terrabrook, a real estate development, investment, and management subsidiary of Westbrook Partners. During this time, Terrabrook was the largest owner and developer of master planned communities in the country. Prior to Terrabrook, Patrick began his real estate career in Washington, DC as a consultant with Ernst & Young’s Kenneth Leventhal Real Estate Group and KPMG’s Real Estate, Mortgage and Hospitality Group. Patrick graduated from the University of North Carolina at Chapel Hill with a bachelor’s degree in Business Administration from the Kenan-Flagler Business School. He currently resides in Charlotte, North Carolina with his wife and two daughters.

Jordan provides substantial experience in the acquisition, management, reporting, and financing of real estate assets. He is focused on asset management and operations as well as development oversight at South Street Partners. Jordan was previously with Discovery Land Company, a developer of second home golf course club communities. While at Discovery, Jordan was responsible for a multitude of projects and was directly involved in all areas of the company’s operation. His tenure included lengthy stints in The Bahamas, Mexico, and Scottsdale, Arizona. Prior to joining Discovery, Jordan worked for Inter-Asia Venture Management in Hong Kong, China. Jordan received a bachelor’s degree in Economics from the University of North Carolina at Chapel Hill. Jordan currently resides in Charleston, South Carolina with his wife, daughter and son.

In addition to deal sourcing, acquisitions and asset management, Chris sources and maintains investor and capital relationships at South Street. He is also responsible for sales and marketing initiatives at Kiawah. 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. At Summit, Chris focused primarily on opportunistic, middle market, multifamily real estate investments. Chris was also involved in Summit’s development of a high end private club golf course outside of Annapolis, Maryland. Chris graduated from the University of North Carolina at Chapel Hill with a bachelor’s degree in American History. He serves on the Medical University of South Carolina’s Board of Visitors as well as on numerous other local boards including the MUSC Children’s Hospital, the First Tee of Charleston and the Charleston Regional Development Alliance. Chris currently resides in Charleston, South Carolina with his fiancé and yellow lab.

Will’s responsibilities at South Street Partners include deal sourcing, acquisition, equity and debt structuring, and asset management. He was most recently Vice President of Investments for Crescent Resources, a $1 billion real estate development and investment company headquartered in Charlotte, North Carolina. At Crescent, Will was responsible for all existing residential portfolio asset management, all new residential investments, and completing a $100 million equity raise for the Company. Previous 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. Will’s responsibilities included asset management for Hillwood’s residential luxury investments. Will began his career with Inter-Asia Venture Management in Hong Kong, China. Will received a bachelor’s degree in Economics from the University of North Carolina at Chapel Hill. Will currently resides in Charlotte, North Carolina with his wife and children.

Scott is the President of South Street Partners’ Southeast Land Management, LLC and has shared management responsibilities across all aspects of the 51 property level companies. A native of Roanoke, Virginia, Scott began his real estate career with Bank of America Merrill Lynch’s Real Estate Investment Banking group in Charlotte, NC before joining Crescent Communities in 2011 as Director of Residential Finance and Investments. At Crescent, Scott was responsible for evaluating residential acquisition opportunities and providing asset management for all existing portfolio communities which included implementing corporate portfolio strategies, project underwriting and financing activity. Most recently, Scott was a Director with Princeton Communities in Charlotte where he was responsible for all facets of new development activities including contract negotiations, site planning and design, interaction with local and state governmental officials and staff, rezoning, contractor selection and oversight. 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. Scott earned his M.B.A. from UNC’s Kenan-Flagler Business School in Chapel Hill, North Carolina and holds a B.S. in Finance, summa cum laude, from Virginia Tech in Blacksburg, Virginia.

Bennette assists with day-to-day asset management responsibilities for South Street Partners’ land holdings. A native of Greensboro, North Carolina, Bennette’s previous experience includes consulting, bookkeeping, human resources, event management, and fundraising. 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. Prior to SECU Crystal Coast Hospice House, Bennette worked in the hospitality space providing office management and bookkeeping services. Bennette graduated from East Carolina University with a bachelor’s degree in fine arts.

Henry’s responsibilities at South Street Partners include acquisitions, development, and asset management. 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. 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. Henry began his career with ORIX Corporate Capital in Dallas, Texas where he provided middle-market companies flexible capital for leveraged buyouts, recapitalizations, and acquisitions. Henry graduated from Southern Methodist University with a bachelor’s degree in Business from the Cox School of Business. Henry is a native of Statesville, North Carolina.

Investments and Developments

Active

Realized

Press

03.22.2017.

Red Ledges Announces New Partnership with Kiawah Island Developer

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06.03.2016.

Charlotte Firm Takes Over Management of Pittenger Land Deals

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06.03.2013.

Charlotte’s South Street Partners Buys Kiawah Island Developer

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02.10.2014.

Trump to Buy Irish Resort Built by Kiawah Partners

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12.05.2013.

Kiawah Partners Sells Freshfields to NYC Group

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11.16.2015.

Governor Nikki Haley Announces One SC Fund For Flooding Relief

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01.06.2012.

Starwood Capital Group and South Street Partners Complete Purchase of North Beach Towers

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01.11.2012.

Starwood, South Street Partners Acquire 1 MSF North Beach Towers in Myrtle Beach

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07.14.2017.

Praelium Commercial Real Estate, South Street Partners Purchase Office Park in Metro Atlanta for $54M

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07.12.2017.

JV Investors Buy Massive Marietta Office Park

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