Blue River Development Closes 2023 Strong with Six Land Deals Totaling $22M
December 21, 2023Dalton Duriez Joins Blue River Development as Land Acquisition Manager
January 8, 2024Blue River Development announces the addition of Aditya Patibandla to its team as a Real Estate Analyst. Aditya will work in a dual capacity for both Blue River Development and BR Capital, a division of Blue River Development focused on providing land banking opportunities for leading homebuilders. With a distinctive background that includes experience in alternative investments and real estate, Aditya is poised to bring a fresh perspective to the company’s investment and market analysis endeavors.
Aditya, a Johns Hopkins graduate, delved into clinical research as an undergraduate public health major, completing cancer-focused research internships at Mayo Clinic and MD Anderson. Aditya also contributed to a peer-reviewed medical journal publication through his research with the Epidemiology Research Group in Organ Transplantation at Johns Hopkins. After graduating from Johns Hopkins, he pivoted from a potential medical career to finance, joining BlackRock’s Atlanta office in 2021 as an Analyst within BlackRock Alternative Investors. As part of this role, Aditya supported BlackRock’s flagship opportunistic credit fund, the Global Credit Opportunities (GCO) Fund, while also helping with capital raising initiatives for GCO II and working on a platform-level project involving BlackRock’s wide array of private credit strategies.
Eager to deepen his expertise in finance, Aditya then earned a Master of Analytical Finance from Emory University’s Goizueta Business School with additional concentrations in Capital Markets and Alternative Investments. His engagement with the Goizueta Real Estate Group solidified his desire to pursue a career in real estate. This led him to Nashville, where he underwrote multifamily investment opportunities in the Southeast and played an instrumental role in getting a 50+ unit multifamily property under contract in Tennessee.
While working in Nashville, Aditya completed the CRE Analyst Fast Track program, an intensive real estate skill development program taught by esteemed real estate veterans James Ray and Richard Byrd. Completing the CRE Analyst Fast Track program further cemented Aditya’s desire to work at a housing-focused real estate development firm, and thus, Blue River Development proved to be a perfect fit. Aditya first discovered Blue River Development through the Atlanta Real Estate Forum while researching Azure Printed Homes, a firm whose Co-Founder he had met through his previous role. Now, Aditya, a proud Suwanee, GA native, excitedly returns to his home state to join Blue River Development’s dynamic team.
Brent Shearer, President of BR Capital, commented, “We are thrilled to have Aditya on board. His eagerness to learn and deep understanding of capital markets and institutional investments make him a valuable addition to our team.”
Aditya’s role at BR Capital involves market research, deal analysis, capital raising, and crafting investor materials. His prior experience in asset management and familiarity with institutional investors is instrumental in supporting Blue River Development’s diverse portfolio, including land banking opportunities for leading homebuilders through BR Capital as well as internal development projects across Blue River Development, Blue River Communities, and Blue River Lifestyle Communities.
“I am attracted to Aditya’s eagerness to learn; he’s like a sponge, quickly understanding the intricacies of capital markets and institutional investments,” said Shearer. “His role is crucial in navigating our fundraising endeavors, whether internal projects or land banking for builders, and ensuring that our partnerships with large investors and hedge funds are aligned and profitable.”
BR Capital engages new investors at various levels, from individuals seeking portfolio diversification to large institutional entities interested in land banking opportunities.
About BR Capital
BR Capital specializes in strategic investment opportunities focused on residential land. With a keen eye for potential and a commitment to innovation, BR Capital aims to provide land banking for builders and manages a diverse portfolio of internal projects. The firm’s approach is deeply rooted in a comprehensive understanding of market trends and capital markets, enabling it to generate outsized returns for investors while mitigating risk. At the heart of their success is a team of seasoned professionals, each bringing a wealth of knowledge and experience to the table, ensuring that BR Capital remains at the forefront of real estate investment.
About Blue River Development, LLC
Blue River Development, LLC is a nationally recognized, vertically integrated, opportunity-driven land developer and builder operating throughout the Southeast and Texas. Blue River Development’s leadership team has amassed over 200 years of combined experience, and the firm has been involved in the origination, acquisition, development, and disposition of nearly $3 billion in projects consisting primarily of residential land/lots for both for-sale and for rent end users. Their process and ability to execute provide their partners with a unique combination of outsized returns coupled with strong risk mitigation. The firm’s success is driven by its ability to catalog, organize and analyze the most up-to-date market data, its integrity, and accountability to clients and investors. For more information, visit www.BlueRiverDevelopment.com.
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