Patel, an entrepreneur and visionary real estate leader, boasts more than 20 years of experience in investments, acquisitions, dispositions and both horizontal and vertical development, the release stated. His career includes a 20-year tenure with Blackstone Real Estate, where he served as head of global portfolio management and led the asset management of the firm’s hotel investments in the United States. Together, they’ve built a portfolio boasting 2,620 hotel keys in existing hotels and ground-up development pipeline across the country, along with opportunistic multi-family, office and retail investments, the release stated.Īlba, with his expertise in financing, asset management, valuations, and real estate disposition, has personally overseen more than $4 billion in hotel asset sales, the release stated. TMGOC is the brainchild of industry veterans Patel and Alba, who sought to create a firm that would best serve investors, capital markets and debt partners, the release stated. “This milestone is a testament to our shared vision and we’re eager to continue our expansion into new markets and opportunities.” “Since our founding, we have been intentional and deliberate in choosing our partners and our projects with a focus on opportunities that deliver long-term value to our stakeholders,” said co-founders and managing members Sunju Patel and Glenn Alba in the release. TMGOC prides itself on its ability to identify high-potential lodging and multi-family projects ripe for either value-add opportunity or ground-up development in markets characterized by high barriers to entry and diverse demand drivers, the release stated. The portfolio boasts partnerships with national hotel brands including Ritz-Carlton, Thompson by Hyatt, Autograph Collection, Tapestry Collection by Hilton and Moxy by Marriott. Since its inception in 2019, TMGOC has grown rapidly amassing $1 billion in existing and development pipeline investments, according to a news release. TMGOC Ventures, a joint venture partnership between The Montford Group and Opterra Capital, a real estate and development private equity firm headquartered in Charleston and Boca Raton, Fla., has reached $1 billion under ownership and development.
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