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Thomas Persons

Piedmont Properties


Job Functions: Executive, Acquisitions & Dispositions, Capital Markets, Equity Strategies


Piedmont Properties Group is an investor in over 10,000 units consisting of over 50 properties. Piedmont Properties is active in the acquisition and management of well located Multi Family properties. Piedmont looks for short-term value enhancement situations to acquire multi family properties in the Bay Area and other Western markets such as Seattle, Portland, Denver, Las Vegas, Phoenix, Sacramento, Reno, Los Angeles and Salt Lake City.

In 2003, Thomas formed Piedmont Properties Group to acquire and reposition strategically located apartment buildings in the Western United States. Piedmont has completed thirty-five acquisitions. Examples are Coco Palms and The Orient Apartments in Fairfield, CA (125 units), Austin Creek Apartments in Vallejo, CA (156 units), Chateau on Broadway (153 units) in Concord, CA and Cascade Woods in Portland, OR (114 units) (See Properties). Piedmont Properties Group joint ventured with other investment groups in over 5000 units in the Western US. The majority of the properties are located in Phoenix (1400 units), Las Vegas (680), Salt Lake City (1600), Colorado (1300), Seattle, Washington (1,500) and Portland MSA (300).

In 1994, Thomas formed Arroyo & Coates Financial Group (ACFG) with the partners of Arroyo and Coates and financed/sold over $1.5 Billion of properties. In 1996, Tom began to acquire properties with various partners and currently owns a share in over 10,000 multifamily units and over 500,000 square feet of retail.

Thomas Persons has been involved in Real Estate since 1982. He started as a commercial real estate banker in New York City working at Manufacturers Hanover Trust and Bank of Montreal. Thomas financed many prolific properties as a banker including The World Financial Center, 7 World Trade, Park Avenue Tower and the Spanish Bay Resort and Golf Center/Pebble Beach to name a few.

In 1986 he joined Saxon Capital as director of finance to place financing for the Saxon Group, a joint venture with Alexander Hamilton Life Insurance. As the syndication business changed Thomas turned his efforts to running the National Mortgage Group at Saxon Capital. In 1990, he left to join Wells Fargo Realty Finance in San Francisco where he placed debt/equity, advised pension funds and sold commercial properties.