We are a real estate development firm focused on value-add investments across the Southeast and Sunbelt. Our firm was founded and is headed by Robert A. Whelan, a former Vice President and Chief Financial Officer of Sizeler Property Investors, Inc., a NYSE-traded shopping center and multifamily REIT that owned several million square feet of retail properties and several thousand multifamily units.
In January 2003, Mr. Whelan left the REIT to form the PMAT companies. Since that time the PMAT companies have acquired and successfully renovated sixteen anchored shopping centers with an aggregate market value of nearly ½ a Billion dollars consisting of approximately 2 million square feet.
Our strategy targets shopping centers and multifamily assets that, despite a strong anchor tenant with good sales volume/a strong occupancy base, are underperforming due to deterioration of physical condition, lack of proactive current management/leasing, or insufficient capital structure.
We add value to these properties through focused and creative management/leasing, physical rehabilitation to drive rents and occupancy, construction of new space, and renovation of anchor spaces in conjunction with lease renewals. This repositioning process has consistently generated above market return to our partners.