Croatan Investments Expands Transactions Team
January 4, 2021

Croatan Investments (“Croatan”) is pleased to announce the addition of a new associate to their transactions team, Patrick Leugers.  He is responsible for identifying, underwriting, and structuring investments across the company’s portfolio.

“Patrick came to us at a perfect time,” says Paul Van, Chief Executive Officer.  “We are tackling deal flow in increasing amounts and Patrick’s unique combination of education and experience provides tremendous support to the team as we source new investments to achieve our All-Weather Fund platform objectives.”

Prior to Croatan, Mr. Leugers was a Development Associate with Lennar Multifamily Communities in South Florida where he supported the development of Class A multifamily and mixed-use projects.  In this previous role, he participated in site selection analysis, financial underwriting, due diligence, design and development, entitlements, construction management, and lease-up for a development pipeline in excess of $550 million and totaling over 1,700 units.  Mr. Leugers’ previous experience also includes Berkadia’s investments sales team in Atlanta where he underwrote market-rate and affordable multifamily investments.  Mr. Leugers received his Bachelor of Arts degree from the Virginia Military Institute and also holds a Juris Doctor degree from the University of Virginia School of Law.

About Croatan Investments

Croatan Investments is a private equity real estate manager focused on multifamily investments. We have a passion for uncovering new opportunities with excellent intrinsic value. Founded in 2004, our track record is built upon our opportunistic nature, agnostic approach, and nimble execution. We adapt our strategy across all stages of the market cycle, maintain investment flexibility to consistently achieve attractive risk-adjusted returns, and preserve the trust of our investors.

Our firm is comprised of real estate professionals who intimately understand our target markets, continually assess the dynamic multifamily landscape, and skillfully execute on each asset’s business plan. Our proven success is a reflection of our commitment to excellence, discipline, and expertise.

Headquartered in Virginia Beach, VA, Croatan has team members operating in Austin, Dallas, Atlanta, New York City, and Singapore. Our portfolio currently consists of multifamily assets across the Mid-Atlantic and Sun Belt regions. Croatan Investments is proud to be a certified minority-owned company.

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