Will is also a member of South Streets Investment Committee. LinkedIn and 3rd parties use essential and non-essential cookies to provide, secure, analyze and improve our Services, and (except on the iOS app) to show you relevant ads (including professional and job ads) on and off LinkedIn. . Amy resides in Charleston, SC, with her husband and twin girls. About South Street Partners South Street Partners is a private equity real estate investment firm headquartered in Charlotte, NC, and Charleston, SC and the largest owner of private residential club and resort communities in the Southeast including Kiawah Island Club and Kiawah Island Real Estate, Palmetto Bluff, The Cliffs, and the Residences at Salamander. South Street partner Chris Randolph said there would be no changes in The Cliffs' management team because "we bought an operating business and it's running well." In 2013, the South Street Partners acquired Kiawah Partners, the master developer of Kiawah Island. Dan Whalen President & Broker in Charge Phone: (843) 768-3428 Email: [email protected] Address 1 Kiawah Island Parkway Kiawah Island, SC 29455 We will be updating our website over time to implement the relevant portions of the World Wide Web Consortiums Web Content Accessibility Guidelines 2.0 Level AA (WCAG 2.0 AA), which will also bring our website into further conformance with the Section 508 Web Accessibility Standards developed by the United States Access Board (Section 508). ACROSS THE SOUTHEAST OF AMERICA: South Street Partners is quickly becoming a powerful force in the golf and private club marketplace. We carefully analyzed The Cliffs on its own merits, surveyed the surrounding competition and felt we could outperform, explained Randolph. The home is important, but youre buying a lifestyle. Kiawah Island is home to some 4,100 residential properties and a world-class resort. Dixie Norris is responsible for overseeing Human Resources for the more than 1,200 associates of South Street Partners employee base. "We are excited to partner with Wheels Up and delighted to invite their members to explore our exceptional communities' across the Southeast," said Chris Randolph, partner at South Street. from 8 AM - 9 PM ET. Kiawah in the Community also hosted a fundraiser which raised over $100,000 for theBarrier Islands Free Medical Clinicwhich provides free health care for low income, uninsured adults who live or work on Johns, James and Wadmalaw Islands or Folly Beach. The established nature of all the properties combined with increased occupancy and utilization of the clubs provides for a very stable base in bull and bear markets. Henrys responsibilities at South Street Partners include acquisitions, development, and asset management. Thats not to say there arent certain amenities were now building and developing, but a lot of it was already there. At Crescent, Scott was responsible for evaluating residential acquisition opportunities and providing asset management for all existing portfolio communities that included implementing corporate portfolio strategies, project underwriting and financing activity. As the VP of Information Technology, Pat oversees the technology needs for all South Street Partner entities. "But we are reaching for the stars, for big things that can affect the entire community. In a Shifting Economy, a Developer Keeps Asking What Buyers Want, https://www.nytimes.com/2022/09/09/realestate/luxury/-golf-homes-developer-what-do-buyers-want.html. Presented plans, materials and specifications are subject to architectural and other revisions at the sole discretion of the developer, builder or architect, or as may be requested by law. The firm has executed on some of the industrys most recognizable trades over the last decade, including North Beach Towers, Kiawah Partners, Doonbeg, Christophe Harbour, The Cliffs Communities, The Residences at Salamander and Palmetto Bluff. That might have worked in another time, in different cycles. "Back then, there wasn't that much institutional capital looking for investment opportunities in the Southeast. Jordan received a bachelors degree in Economics from the University of North Carolina at Chapel Hill. The program has expanded to Keowee Springs and will soon launch at other communities offer a range of options, from turnkey cottages clustered around amenities to higher-end spec homes with various floor plans and interior packages. Prior to joining South Street, Amy served as Vice President of Marketing for The Cliffs as well as Chief Marketing Officer for Timbers Resorts, where she managed the resort hospitality and real estate marketing for their portfolio across the globe. Finally, we shifted the focus from a traditional country club dominated by golf to a family-centric club with a variety of amenities and programming that attracts all ages.. And, were certainly happy about that. Since their 2013 acquisition, Kiawah has seen over $3.5 billion in sales and recently hired Beau Welling to design a third private golf course for the Kiawah Island Club. He was most recently a Senior Associate at Brookfield in New York where he focused on the asset management of debt and REO investments. Environmental, Social and Governance (ESG), HVAC (Heating, Ventilation and Air-Conditioning), Machine Tools, Metalworking and Metallurgy, Aboriginal, First Nations & Native American. Chris Randolph - Randolph is a Partner with South Street Partners, the largest developer of vacation home communities in the state including the Cliffs Communities in the Upstate and Kiawah Island in the Lowcountry. Ultimately, Advance Kiawah has put forward a four-part initiative based on four foundational pillars: Staff and Culture (creating greater opportunities for employment for people of color, a speaker series program and changing golf, hospitality and culinary internship programs to focus on recruiting from HBCU's in the hope of fostering diverse talent within the organization at every level), Home Ownership (aiming to attract a more diverse homeowner and club member demographic to Kiawah), Supplier Diversity (expansion of supplier and vendor relationships to include more Black-owned businesses and institutions while helping to equip and educate these vendors on how to do business on Kiawah), Community Outreach (connecting Kiawah Island with the greater Lowcountry community focusing on outreach, service, and philanthropy). Randolph had been running acquisitions for the real estate group at Summit Capital Management, a private equity firm. This seems to follow an industry trend. We look forward to adding to our collection of properties in the not-too-distant future., Where Nature Nurtures Across Sublime Coastal Landscapes. Presented plans, materials and specifications are subject to architectural and other revisions at the sole discretion of the developer, builder or architect, or as may be requested by law. South Street Partners landed its first big deal in 2011 when it and Starwood Capital Group acquired North Beach Towers, the largest oceanfront condominium ever constructed on the Grand Strand at nearly 1 million square feet. We are excited to have emergency care and medical specialties brought to the residences of Kiawah Island and Seabrook Island. All in all, it was a special safe place to be during an otherwise scary time, Randolph said. Henry graduated from Southern Methodist University with a bachelors degree in Business from the Cox School of Business. He currently resides in Charleston, South Carolina with his wife and son. "Residences at Salamander is a low-density, protected community in a beautiful, natural setting with a temperate climate," said Chris Randolph, a partner at South Street Partners. In our space, a lot of money is made on the buy, so if you can get at the right point in the cycle and start a company at the bottom of the market instead of the top of one, thats a step in the right direction, Melton said. He has done an incredible job in a very short amount of time., Palmetto Bluff, a 20,000-acre community located in Bluffton, South Carolina, is the latest addition to South Street Partners continued push into luxury private residential club communities and resorts in the Southeast. Dixie served as Wyndham Vacation Rentals Regional Human Resources Director across six states, as well as International Human Resources Director for Kiawah Partners, serving the US, St. Kitts, and Ireland. I think its both. South Street Partners is a private equity real estate investment firm headquartered in Charlotte, NC, and Charleston, SC and the largest owner of private residential club and resort. Two of the four partners, Patrick Melton and Jordan Phillips, worked for Arizona-based Discovery Land Company, a developer and operator of luxury private residential communities and golf resorts, in 2008 when the real estate market started to collapse. Copyright 2023 by Pazdur Publishing, Inc. & Executive Golfer Magazine, All Rights Reserved. We received a call from a trusted advisor about an opportunity to acquire Kiawah Partners and their portfolio of properties in South Carolina, Ireland, and St. Kitts, recalled Randolph. Chris Randolph spoke with The New York Times on South Street Partners investment plans and future development. A native South Carolinian, Amy has returned to her roots after 17 years in Colorado. Its very much consumer-driven and probably the biggest change to our industry, meaning high-end second-home communities. Access is by boat only to this little island of perfection, scrubbed clean twice daily by Mother Nature. Will received a bachelors degree in Economics from the University of North Carolina at Chapel Hill and currently resides in Charlotte, North Carolina with his wife, son and two daughters. About South Street Partners South Street Partners is a private equity real estate investment firm headquartered in Charlotte, NC and Charleston, SC whose subsidiaries include Kiawah. We were all leaving great jobs in the world of private equity real estate and development during a significant economic downturn. I used the term novel earlier, and I think it is probably still considered a little bit of a novel approach in our industry to not try and really integrate a ton of real estate on the golf frontage. Patrick graduated from the University of North Carolina at Chapel Hill with a bachelors degree in Business Administration from the Kenan-Flagler Business School. ", "We know authentic change doesn't happen overnight,"said Jordan Phillips, partner at South Street Partners. When it comes to second homes and golf communities, South Street Partners has more than a dozen years of experience under its belt, riding the industry through economic ups and downs and the increased popularity of drive-to developments in the wake of Covid-19. Select Accept to consent or Reject to decline non-essential cookies for this use. There are various methods for calculating the total square footage of a residence and the quoted square footage of a unit may vary. 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. As a former fund-less sponsor raising capital on a deal-by-deal basis, reaching the closing of our inaugural U.S. discretionary commingled fund is a major achievement, said Chris Randolph, Partner. Charlotte, NC and Charleston, SC July 27, 2022 South Street Partners(South Street) a leading private equity real estate investment firm headquartered out of Charlotte, NC and Charleston, SC, announced the final close of SSP GP Fund I(the Fund) yesterday. Wesleys responsibilities at South Street Partners include deal sourcing, acquisitions, and asset management. Dixie resides in Charleston, SC. South Street acts as a principal investment platform and master developer,specializing in the development and management of luxury residential private club communities. South Street Partners started looking at The Cliffs in 2010. Perhaps they do this in other communities? It incorporates substantial ocean setbacks to protect the dunes, plus a comprehensive greenbelt system that includes 305 acres of lakes and ponds, 123 acres of parks and common land, and nearly 5,000 acres of marshland. Anyone can read what you share. We listened to existing property owners with open ears, and I credit three factors for our initial success on one of Americas most famous barrier islands, continued Randolph. The Cliffs was almost like a sanctuary for those who were living here. Founded in 2009, South Street has deployed over $500 million of equity across resort, residential and commercial properties and has over $1.3 billion of assets under management. Our goal is to provide an accessible and barrier-free environment for our website, online services and other technology. As part of this program, the Kiawah Island Club staffrenovated the outdoor facilitiesat Angel Oak Elementary School on Johns Island, providing more space and support for learning opportunities outside the classroom, including the construction of an outdoor classroom and the donation of a new greenhouse. CHARLOTTE, NC 28209, 345 FRESHFIELDS DRIVE, SUITE 210 If you're searching for Chris Randolph South Street Partners topic, you have visit the ideal . A marketing veteran with 22 years of industry experience, Amys focus as Vice President of Marketing for South Street Partners is to oversee the strategy and execution of marketing programs for corporate, real estate development, and club entities. That money was focused more on the Northeast and what they call the 24/7 coastal cities, said Chris Randolph, who joined South Street as a partner shortly after its founding. 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. Kiawah Island Club members experience island life in high definition with access to 36 holes of private golf, multiple clubhouses, a golf learning center, and various dining establishments. Chris Randolph, partner, believes the fund being oversubscribed by double its target can be attributed to the firm's . Now building and developing, but a lot of it was a special safe place to be during otherwise!: //www.nytimes.com/2022/09/09/realestate/luxury/-golf-homes-developer-what-do-buyers-want.html Streets investment Committee of Business the Cliffs in 2010 deal sourcing, acquisitions and... 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