South Bay

Overview

Harbert South Bay Partners, LLC (“Harbert South Bay”) is an HMC affiliated senior housing development business.

The investment team has developed or redeveloped over 80 properties comprising over 11,000 units. Harbert South Bay looks for seniors housing development opportunities with a primary focus on private pay independent living, assisted living and memory care in top 100 MSAs.  In general, the investment team targets high barrier to entry markets and sites with deal size between $50 million and $300 million, where existing occupancies are high but in older product. These product types offer a strong “need” based sector with attractive risk premiums to provide investors with opportunistic return levels.

Investment Team

Patrick McGonigle
Chief Executive Officer

Patrick joined Harbert South Bay in 2002 and is primarily involved in capital management and partner relations as well as directing company strategy including sourcing and evaluating new opportunities.

Prior to joining Harbert South Bay, Patrick was with Archon Group, a Goldman Sachs affiliate, working on commercial development and operating partner oversight.

Patrick received a Bachelor of Arts in Economics from Claremont McKenna College and a Masters of Business Administration in Finance from Southern Methodist University.


214.370.2650LinkedIn

Joel Sherman
Senior Managing Director

Joel joined Harbert South Bay in 2016 and focuses on capital markets including both equity and debt relationships. Joel also oversees all financial analysis and underwriting.

Prior to joining Harbert South Bay, Joel served as Senior Vice President of Acquisitions for CNL Financial Group, where he led seniors housing acquisitions.

Joel received an undergraduate degree from Rutgers University and a Masters of Business Administration from the University of Florida.


214.370.2638LinkedIn

Chuck Hammonds
Senior Managing Director

Chuck joined Harbert South Bay in 1995 and has been involved in all facets of the development process. While his predominant role today involves the asset management function for both private equity based assets and institutional owned assets, he still participates in the up front development process.

Prior to joining Harbert South Bay, Chuck was previously employed at the Dallas office of Prudential Realty Group where he specialized in seniors housing acquisitions.

Chuck received a degree in accounting from Texas A&M University.


214.370.2626LinkedIn

Kyle Wisdom
Managing Director

Kyle joined South Bay in 2014 and provides oversight for all aspects of the development process.

Prior to joining South Bay, Kyle was lead developer for Silver Oaks Development Company where he managed the development process for their assisted living, memory care and independent living facilities. Before Silver Oaks, he was a development manager at ZOM Texas where he was involved in the development of over 2,000 units of traditional garden style, mid-rise and high-rise apartment product types.

Kyle received a Bachelor of Science in Economics with Financial Application from Southern Methodist University as well as a Master of Business Administration from Southern Methodist University’s Cox School of Business.


214.370.2632LinkedIn

Adam Arnold
Director

Mr. Arnold joined South Bay in 2013 and is responsible for market analysis, land purchase, entitlements, financial modeling, coordination of contractors and construction management.

Prior to joining South Bay, Mr. Arnold was responsible for the development of standalone memory care facilities in Texas with The LaSalle Group.

Adam received a Bachelor of Business Administration from The University of Texas at Austin.


214.370.2629LinkedIn

Kelly Hodge
Controller

Kelly joined South Bay in 2017 and is responsible for the accounting and analysis of both operational and development projects.

Prior to joining South Bay, Ms. Hodge worked in real estate accounting for property management of both multifamily and commercial with Westdale and Mill Creek Residential.

Kelly received a Bachelor of Arts in Business Administration from Merrimack College.


214.370.2628LinkedIn

Sam Welty
Analyst

San joined South Bay in 2017. He supports the development team through the life of a project, including market analysis, financial modeling, and development management.

Sam received a Bachelor of Science in leadership development and a Master’s of Land and Property Development from Texas A&M University.


214.370.2625LinkedIn
Contact
HARBERT SOUTH BAY

4514 Cole Avenue
# 1500
Dallas, TX 75205

Contact:
Patrick McGonigle
Chief Executive Officer
pmcgonigle@harbert.net
214.370.2650