investorinfo@portsmouthrep.com
Portsmouth Real Estate Partners is a vertically integrated real estate investment, operating, and development firm focused on residential and industrial properties.
Portsmouth’s investment philosophy is grounded in thematic research and disciplined execution. The firm identifies opportunities supported by long-term economic, demographic, and social trends, and avoids speculative risk by developing a deep, data-driven understanding of local market dynamics. Portsmouth tailors its tactics to different phases of the real estate cycle, aiming to deliver superior risk-adjusted returns.
Bailey is Co-Founder and Managing Partner of Portsmouth, where he leads the firm’s residential investment strategy.
Bailey has over 19 years of experience at highly regarded real estate private equity and development organizations, where he has focused on acquisitions and development, capital markets, operating partnerships, and fund formation. Bailey has led investments across the U.S. in residential, office, retail, hotel, and mixed-use.
Prior to founding Portsmouth, Bailey spent ten years at Lionstone Investments where he served as Head of Acquisitions. During his tenure with the firm, he led the acquisitions team, served as a voting member of the investment committee, and was instrumental in establishing Lionstone’s platform for ground-up development concentrated in Texas and North Carolina. His previous roles include positions at Alliance Bernstein’s real estate private equity group in New York and The JBG Companies in Washington, DC.
Bailey received an undergraduate degree in Economics and Public Policy from Duke University and an MBA from the Wharton School of the University of Pennsylvania where he majored in Real Estate and Finance. He lives in Houston, Texas with his wife and their four children.
Patrick is Co-Founder and Managing Partner of Portsmouth, where he leads the firm’s industrial investment strategy.
Patrick has over 20 years of experience spanning real estate private equity, vertically integrated real estate operator/developer, public REIT, investment banking, and equity capital markets. Patrick has built deep relationships in the Mid-Atlantic and Southeast where he has executed on ground-up developments, value-add capital improvements, and distressed debt investments.
Prior to founding Portsmouth, Patrick was a Managing Director at Morgan Stanley Real Estate Investing (“MSREI”). At MSREI, he was responsible for overseeing industrial development in the U.S. and led acquisitions in the Mid-Atlantic and portions of the Southeast across the opportunistic, core, and net REIT vehicles. Prior to MSREI, Patrick was a Senior Vice President and head of the D.C. region for Columbia Property Trust where he served on the investment committee. Patrick joined Columbia Property Trust through its acquisition of Normandy Real Estate Partners where Patrick was a Principal responsible for Mid-Atlantic acquisitions and asset management.
Patrick received an undergraduate degree in Economics from Dartmouth College and an MBA with Honors from The Wharton School of the University of Pennsylvania where he majored in Real Estate and Finance. He lives in Bethesda, Maryland with his wife and their four children.
