Patrick Horsman has been investing in and developing commercial and residential real estate since 2005 . His development career began with Integrated Ag which focused on developing raw land in Arizona and California into prime irrigated farm land and typically included a water sustainability feature like sub surface drip irrigation. The team at Integrated Ag developed 17,000 acres of farm land on behalf of its LP's.
Patrick is “bullish” on the asset classes of Industrial and Self Storage specifically in the Western US. Patrick has developed ground up two completed project and has an additional project under construction in Phoenix and another large industrial project in the final stages of entitlement.
Patrick has made numerous investments in sun belt markets like Scottsdale, Phoenix and Miami where low taxes and friendly business environments continue to attract large influx of new residents and short supply of housing has continued to push real estate prices higher. He is currently developing an 8 home sub division in North Scottsdale and several properties in Miami Beach.
High interest rates have severely impacted prices and cap rates across asset classes. Patrick's view is that in selected markets well capatalized developers with strong projects who can get the necessary funding will be in an excellent position 12-18 months out with compleated projects when no one else has any available inventory.
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