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David Patton -Of Counsel

Commercial Properties

David@ArmstrongGroup.Info

A man who knows about land
David developed some of the most prestigious properties in Austin from grass to completion. Techridge Center at Parmer Lane, Stratford Mountain, the lots at Crystal Mountain, Fairway of Great Hills,... are just a few. Though David has enjoyed success in other industries (giving him even greater insight into the needs of his real estate clients), his love of land keeps him involved in Texas real estate. He has a sense of architecture, aesthetic and the innate worth of every property he sees whether commercial or residential. David is a man who has the vision, judgement and capability to be your guide on any real-estate Everest you dare to dream of accomplishing (or he can simply help you acquire your dream home or business property).


* President, Patton Development LLC
* Managed all aspects of real estate development firm: structured numerous investment/disposition transactions; secured financing; gained right to build from local authorities; hired and supervised architects, engineers and contractors.
* Recognized substantial value in the RTC & FDIC portfolios. Started real estate development company to exploit opportunities as economy recovered from savings & loan crisis.
* Initial focus was on infill development, to take advantage of existing infrastructure and contribute to the community’s overall service, utility & tax efficiency.
* Acquired and completed multiple projects that contributed over $250 million to the revenue base without requiring the extension of new infrastructure.
* Created IRR-driven financial models and offering memoranda to attract investment for multiple projects. Negotiated successful contracts with the FDIC, RTC and The University of Texas System.
* Anticipated TXDOT plans to extend a major arterial across large FDIC asset. Negotiated contract and purchased property that became a prime corner on IH-35 in Austin, Texas.

Education
The University of Texas at Austin
Graduate Program in Architecture 1988 – 1990
The University of Texas at Austin
Graduate Program in Community & Regional Planning 1986 – 1988
The University of Texas at Austin
BA, Geology 1986