The lobby of SJP Properties’ office in Manhattan
By Joshua Burd
SJP Properties has tapped a longtime real estate investment professional as its new senior vice president of acquisitions.
In the new role, Patrick Jennings will work directly with SJP Properties Founder and CEO Steve Pozycki to pursue new acquisition, development and investment opportunities, the firm said. He will also apply his experience and expertise to help the company’s full corporate team expand its portfolio in the region.
“Our organization’s success has always been derived from the strength of our team and the breadth of our industry relationships,” Pozycki said. “In welcoming Patrick — someone who I have known for years and who I have tremendous respect for — we are furthering our commitment to building the industry’s best team across every discipline of the real estate business.
“As we look to strategically expand our reach and identify new opportunities, Patrick is exactly the kind of professional that we need to realize our goals for 2021 and beyond.”
Jennings most recently spent four and a half years with Arden Group, where he spearheaded the growth of its office investment platform and, for the last two years, directed the day-to-day fundraising, strategy, deal sourcing and asset management responsibilities for multifamily and student housing assets in the firm’s Opportunity Zone fund, according to a news release. He previously worked for 14 years at Murray Hill Properties in New York City, managing investments across the value-add lifecycle, from sourcing through disposition, including oversight of financial due diligence, deal structuring and capitalization, business plan development and plan execution.
“As someone who values building lasting industry relationships and a successful track record over time, I’m eager to join SJP Properties and help to grow an already very successful organization and one of the region’s most prolific commercial real estate development firms,” Jennings said.
Jennings received his bachelor’s in economics from Boston College, having also studied economics at the City University of Hong Kong.