Who's Moving Where In Wealth Management? – LRE Management

Editorial Staff

16 September 2024

Patrick Cantlay , a top-10 world ranked professional golfer who competes on the PGA Tour, has become an investor and general partner in a fund run by LRE Management.

The sportsman is joining LRE’s inaugural LRE Opportunity Fund I; he is also a member of the company’s newly-formed advisory board.

LRE Management, which is privately held, runs real estate investments for family offices, ultra-high net worth investors and small and medium-sized institutions. It focuses on Sun Belt and Midwest regions for its investments.

In parallel with Cantlay’s arrival, LRE confirmed that it is buying a 778-unit, three-property multi-family portfolio located in Atlanta, Georgia – the new fund’s first investments.

“Outside of my focus on professional golf, I have always been interested in real estate investing, particularly multi-family properties given their resiliency throughout the economic cycle and high long-term performance,” Cantlay said. “Having primarily played more of an LP role in my existing real estate investments, the timing feels right to take the next step in this parallel career.”

The firm said that with multi-family property values in March 2024 falling by about 20 per cent from their peak in June 2022 , it is moving fast to deploy capital in select markets across the US.