Preston Hollow Community Capital Completes $85 Million Bond Purchase for Mixed-Use Development in Westbrook
Preston Hollow Community Capital (“PHCC”) recently announced the purchase of $85.7 million in tax-exempt revenue…
DALLAS – November 11, 2019 – Preston Hollow Capital an independent specialty municipal finance company based in Dallas, announced today the hiring of three senior professionals in its Originations and Asset Management groups. Associate Director Ryan Chiriboga joins a growing originations team at PHC, while Patrick Allen (Senior Asset Manager) and Michelle Harris (Asset Manager) will complement the surveillance and asset management functions of the firm.
“Continually adding strength in these roles is critical to our success, “ said Jim Thompson, Chairman and CEO of Preston Hollow Capital. “We’re confident that the additions of Ryan, Patrick and Michelle will add value as the firm continues to grow.”
Ryan Chiriboga joins Preston Hollow Capital as an Associate Director focused on the firm’s asset origination activities. His primary responsibilities include the evaluation and structuring of the firm’s investments. Ryan brings over thirteen years of municipal finance experience to PHC, having structured capital markets transactions for a variety of municipal credit types nationally.
Ryan received a B.S. in Economics from Pennsylvania State University.
Patrick Allen joins Preston Hollow Capital as a Senior Asset Manager, with a focus on the management and oversight of PHC’s portfolio. Prior to joining the PHC team, Patrick was a Vice President – Asset Management with Deutsche Bank in Dallas. He brings more than 19 years of commercial real estate credit and asset management experience to the firm.
Patrick received a Bachelor of Business Administration – Finance from the University of Georgia and a Master of Business Administration from SMU’s Cox School of Business.
Michelle Harris, Asset Manager, comes to PHC with over 13 years’ experience in municipal real estate bonds, low income housing tax credits and on-book lending. She joins PHC from Deutsche Bank, with previous tenures at GE Capital Real Estate and GEMSA Loan Services.
Michelle received a Bachelor of Business Administration in Real Estate Finance from Texas Tech University.
About Preston Hollow Capital Preston Hollow Capital (www.phcllc.com) is the leading solution provider in municipal finance. Headquartered in Dallas, Preston Hollow Capital is an independent municipal finance company with over $1.4 billion in permanent equity capital and over $2.8 billion in investment capacity from a diverse investor base comprised of founding management, institutional investors including funds managed by Stone Point Capital LLC and HarbourVest Partners, and several prominent family offices. Since being founded by Chairman & CEO Jim Thompson in 2014, PHC has closed over $2 billion in transactions across a variety of sectors of the municipal bond market including real estate, senior living, K-12 and higher education, healthcare, infrastructure, general government and economic development. PHC differentiates itself with its ability to deliver capital with speed, certainty and flexibility.
For information, contact:
Max Pickle, Preston Hollow Capital