SummerHill Apartment Communities creates SoCal division, hires SVP, announces development plans
Multifamily housing developer hopes to grow development pipeline to more than 1,000 units within the next three years.
IRVINE, CALIF. - SummerHill Apartment Communities, a division of SummerHill Housing Group based in San Ramon, Calif., announced today that the firm has hired multifamily industry veteran Patrick S. Simons as senior vice president to lead SummerHill Apartment Communities' new Southern California division. The company's new office is located at 18401 Von Karman Avenue, Suite 420 in Irvine.
"We are thrilled to welcome Patrick Simons to the SummerHill Housing Group," said SummerHill Housing Group's President and CEO Robert Freed. "Patrick is a 20-year veteran of multifamily real estate with exceptional organizational leadership skills to build our Southern California division for long-term growth. His background in both engineering and urban economics gives him the unique ability to ensure that future SummerHill Apartment Communities projects in Southern California will be well-planned and financially successful for all parties involved."
In his new role, Simons will be focused initially on creating a high volume of future projects throughout Southern California to meet the ambitious goals of SummerHill Apartment Communities. Simons will be directly involved in all aspects of the company's activities from land acquisition, financing, and development through construction, lease up, and disposition of apartment assets from Ventura County in the north to San Diego County in the south.
According to Freed, SummerHill Apartment Communities plans to replicate its success in Northern California where the company currently has more than 1,200 units in its growing pipeline. The business plan includes purchasing both entitled, permit-ready sites as well as unentitled opportunities for multifamily communities in urban locations. SummerHill Apartment Communities is also able to draw upon a 50+ year history in all aspects of design, construction, management, and financing through its affiliation with Marcus & Millichap Company, a diversified real estate holding company.
“I was very impressed with the overall corporate strategy of SummerHill, its record of success in the Bay Area, and its commitment to Southern California," said Simons. "It is exciting to be at the forefront of creating a new division for such a well-managed and well-capitalized company."
Prior to joining SummerHill Apartment Communities, Simons had built an internationally respected market research and economic forecasting firm specializing in rental housing with clients that included several large financial institutions and publicly-traded companies.
Over his 20-year real estate career, he has been responsible for the development or redevelopment of more than 10,000 apartment or condo units while holding executive positions with major commercial and apartment development companies such as LNR Property Corporation, JPI, and the Kaufman & Broad Multi-Housing Group.
"Always performing at a high level, Patrick has created value for the companies he has worked for by taking on urban residential development projects with complex entitlement, financing, and construction issues. He has consistently led teams to successful results in even the most challenging of markets," Freed added.
Simons is a graduate of the University of Southern California with a Bachelor's degree in Engineering and a Master's degree in Real Estate Development. He is also a licensed California real estate broker and an active member of Urban Land Institute (ULI), locally and nationally. Simons resides in Orange County with his wife and children, and is involved in several community and charitable organizations.
About SummerHill Housing Group
SummerHill Housing Group combines the expertise and market strength of the highly respected development firms San Ramon, Calif.-based SummerHill Homes and SummerHill Apartment Communities. SummerHill Homes specializes in mid- to high-end homes, and is nationally recognized for customizing development plans to accommodate a site’s special characteristics. SummerHill Apartment Communities has a long track record of developing award-winning apartment and mixed-use infill rental housing communities. Both firms specialize in the San Francisco Bay Area and Southern California. See www.shhousinggroup.com.