Prudent Growth Partners, LLC  (2017)    1829 E. Franklin St, Suite 800-F, Chapel Hill, NC 27514  (919) 590-4119

OUR TEAM

Thomas F. Hahn, Jr., PresidentPGP’s President is Tom Hahn, a successful entrepreneur, financier, and real estate operator with nearly 30 years of capital markets and real estate investing experience, including the active management of over five-dozen LLCs with holdings that consist of a neighborhood shopping centers, office and flex space, single-tenant retail properties, multi-family properties, and single family residential investment properties throughout the Midwest, Mid Atlantic and the Southeast. Tom founded PGP in 2015 primarily as a way to work with many friends, investors, and partners who were interested in building a diversified real estate portfolio with a goal of achieving strong cash flow and long-term equity growth.

Prior to starting PGP, Tom co-founded Chapel Hill Brokers, an energy derivatives firm that was acquired by ICAP Energy, LLC, the world's largest energy derivatives firm. He played a leadership role in many strategic acquisitions, joint ventures, and strategy decisions for the firm while also managing the US power derivatives businesses. He spent his early career on Wall Street as an oil derivatives traders at a private fund and two different global investment banks. Tom is an expert in acquisitions and dispositions, deal structuring, negotiation, management, finance, and investor relations. As a long-term participant in the real estate and capital markets, he has navigated a variety of economic cycles and interest rate environments, including the “great recession” of 2008. 

 

Tom is an active angel and VC investor, with stakes in several startups, including Chapel Hill Broadband (exit in 2001), Bandwidth.com (which successfully completed an IPO in 2017), Republic Wireless, Renewable Choice Energy (acquired by Schneider Electric in 2016), and Wedpics (acquired in 2017). He is a member of the Triangle Angel Partners, an angel fund designed to assist and invest in startup companies in the Raleigh Durham area.

 

Tom was a founding board member of DurhamCares and Samaritan Health Center, and he served as President of the board of Big Brothers Big Sisters of the Triangle. He is currently a Trustee of Trinity School of Durham and Chapel Hill. He lives in Durham, NC with his wife, Jennifer, and their two sons.

Contact Email:  tom@prudentgrowth.com

Rainey Sellars, Senior Managing Director, Rainey has 30 years in the institutional financial sector focusing on investor relations and deal distribution in the public and private markets including private equity, co-investments, real assets, venture, pre-IPO deals, hedge funds and global equities.  Rainey has invested in real estate throughout his career including several properties with PGP. As a member of the team, he will focus on relationship management/investor relations, deal structuring and working with Tom on strategic initiatives and overall asset allocation. He is also a Senior Managing Director at Morgan Creek Capital Management in Chapel Hill focusing on the formation and distribution of private equity transactions.

Previously, he was a Managing Director at Signet Management, a global fixed income boutique and also spent fifteen years at Merrill Lynch & Co., primarily based in New York, as a Managing Director in the Global Markets Institutional Group overseeing the Latin American emerging market sales unit. This team participated in more than $20 billion of equity financing deals and consistently held a top-ranking in the marketplace. Mr. Sellars received Bachelor of Arts degrees in Chemistry and Economics from the University of North Carolina at Chapel Hill. He also received his MBA, with a Distinction in Finance, from The London Business School. He is a native of Greensboro, NC and has lived in Mexico, London, New York and Miami. He currently resides in Durham with his wife, Melissa and their three sons.  

Contact email: rainey@prudentgrowth.com

David E. Miller, III, General Counsel and Executive Vice President: David is a partner at Longleaf Law Partners (www.longleaflp.com) and has extensive experience with syndications, joint ventures, acquisitions, financing, leasing and dispositions of multifamily, office and retail real estate assets.  As a member of PGP’s executive team, David is responsible for guiding PGP’s legal affairs, negotiating deal terms and contracts, ensuring legal compliance and managing risk exposure.  In that role, he has also helped PGP create a platform for 1031 transactions involving sophisticated tenancy in common arrangements between PGP and other 1031 investors and complex debt and equity financing.

Prior to joining Longleaf Law Partners (formerly Morris, Russell, Eagle & Worley, PLLC), David practiced in North Carolina for more than five years with a focus on real property, business and estate law. He has previously worked in the U.S House of Representatives, the White House and Yale Law School.  David enjoys having the opportunity to steer clients through transactions with many moving parts and getting deals completed despite the inevitable challenges and problems that almost always arise. In his personal time, he has served as an elder at Church of the Good Shepherd in Durham, N.C., and volunteered with Justice Matters, Inc., a Durham-based nonprofit providing legal services to our vulnerable and marginalized neighbors.

Contact email: david@prudentgrowth.com 

Tim Oakley, Chief Financial Officer: Tim has over 25 years as an operating CFO in both public and private companies spanning many industries, including saas, enterprise software, internet, digital media & mobile communications. He has conducted $1 billion in financial transactions/exits, including three successes in the Triangle (Appia, iContact, and Opensite: each exceeding $100M exits) and Cherwell Software in Colorado, which recently closed on a $250M investment from KKR in 2018. Tim has been an investor in over a dozen deals in the real estate sector, including many with PGP. As a member of PGP’s executive team, he will support deal structuring, investor relations and financial management.

Tim is also a principal in Thrivers LLC which provides personal and professional integrative mentoring to leaders. Thrivers partners with high growth startups in the Triangle like Teamworks, Strongkey and First Inc who collectively raised $30M 2018 as well as executives at multi-billion-dollar companies, such as Atlassian in Silicon Valley. In addition to his mentoring and advisory services with Thrivers, he also serves on multiple boards and provides clinical coaching at The Carolina Clinic Executive Wellness Center at UNC Hospital. Tim is a CPA, holds master’s degrees in both business and counseling and is certified through Duke University’s Center for Integrative Medicine. Tim attends Summit Church and leads 18-month personal mentoring groups for men as part of Radical Mentoring. He is a native of Durham where he resides with his wife Edie and their two sons.

Contact email: tim@prudentgrowth.com 

David Pierce, Director of Operations: David has over 20 years’ experience as an operations executive.  He has extensive experience leading acquisition due diligence where he has evaluated many acquisitions, comprising thousands of properties and ranging in value from $100k to over a $1 billion in value.  For the last 6 years, he has focused on starting two cell phone tower companies, where he led site acquisition, project management, financial, and support services functions.  Previously, David was selected by American Tower, the leading owner and operator of communications sites for the wireless and broadcast industries, to co-launch their new Outdoor Distributed Antenna Systems business.  

David received Bachelor and Masters of Science in Electrical Engineering degrees, with highest honors, from the Georgia Institute of Technology and has completed the Executive Leadership Development Program, jointly lead by Kenan-Flagler Business School and the Center for Creative Leadership.  In his personal time, David currently serves on the Durham Young Life Committee and volunteers at the North Carolina Study Center.  He has served as an elder and clerk at Church of the Good Shepherd in Durham, N.C.  He is from Tennessee and has lived in Atlanta, Houston, Boulder, and Portland.  He currently resides in Durham with his wife, Gigi, and they have a son and two daughters.

Contact email: dpierce@prudentgrowth.com

Martha Hogan Brown, Operations Manager:  Martha’s diverse background and in business, education, and science brings an important skill set to PGP. She has an extensive background in sales, marketing and support in the laboratory automation industry. Previously, she was the Marketing and Service Manager for XPO, Inc, a  semiconductor equipment manufacturer, overseeing worldwide accounts. She was responsible for national advertising planning and placement, marketing and sales campaign development and designing and implementing a new global training department. She worked for two family owned businesses, a pneumatic tool company and contractor supply store, handling accounting and data processing. Most recently, she was teaching Elementary Science, History, and STEM at a Christian Homeschool Learning center as well as being the Director of the Tinkering School of NC.

Martha received her Bachelor of Arts degree in Science from the University of North Carolina at Charlotte and her Associate of Applied Science degree in Medical Laboratory Technology from Wake Technology Community College. As a volunteer in the community, Martha has been involved in several church and community organizations, including Church of the Good Shepherd and Trinity School of Durham and Chapel Hill (where she coaches the middle school basketball team and is the TPO fundraising chair). She is a native of Greensboro and has lived in Greenville, Charlotte, and Chapel Hill. She currently lives in Durham with her two children, Jack and Kylie, and a menagerie of animals. 

Contact Email: martha@prudentgrowth.com

Crystal Lepine-Arrington, Financial Manager:  Crystal is our in-house financial guru. A graduate of Campbell University, she assists and manages all financial aspects of PGP.  Crystal leverages her 10+ years’ experience in accounting to assist both property managers and lenders alike with any financial reporting, tax or audit requests they might have. While her primary focus is the financial side of things at PGP you can find her assisting in other aspects of the company as well.  When Crystal is not managing the finances at PGP she is managing her family at home in Raleigh, NC.

Contact Email:  crystal@prudentgrowth.com 

 

Monty Ridenhour, Acquisitions (Charlotte and South Carolina):  Monty is a licensed real estate broker in North Carolina and Virginia.  He has been in the commercial real estate industry for over thirty years in multiple capacities.  He has developed 1,000,000 square feet of retail and office properties, has served in general management of several private real estate companies.  Monty has financed multiple real estate projects and has worked extensively in the multi-family arena.  Prior to moving into commercial real estate, he was the Partner in Charge of Tax in the Pittsburgh office of Ernst & Young.  He holds BSBA and JD degrees from the University of North Carolina- Chapel Hill. Monty has served on numerous charitable, civic, church and governmental boards. He enjoys travel, sports and spending time with his family.

Contact Email:  monty.ridenhour@gmail.com

 

ADVISORS

PGP benefits greatly from a network of relationships within the real estate, legal, and accounting industries.  We draw upon those relationships to help us evaluate deals, examine risks and opportunities, forecast market trends, ensure regulatory compliance, and in general provide a "sounding board" for each one of our investments.  

 

Below are just some of the professionals that we interact with on a regular basis:

 

Clark Jenkins, Vice President, Bellwether Enterprise:  Clark has 14 years of experience in commercial real estate finance, loan origination, and underwriting. As Bellwether Enterprise’s Vice President, he is responsible for originating commercial real estate debt and equity opportunities. Prior to Bellwether Enterprise, Clark was a Vice President at Capital Advisors, starting at the firm as a financial analyst and transitioning to production after two years. Before joining Capital Advisors, Clark spent two years as a Financial Analyst at RBC Bank in the Commercial Markets Group.

 

Seth Jernigan, Real Estate Associates:  Seth has been exposed to the real estate business all of his life. After graduating from North Carolina State University with a degree in business/finance, he worked with Accenture, a global management consulting firm in Charlotte, NC, where he learned to apply a disciplined project management approach to complex business environments to achieve positive results. Seth brought his consulting skills to REA in late 2003 and is focused on managing REA's commercial brokerage division and business development activities. Seth holds an N.C. Broker License and is an active member of the Triangle Commercial Association of Realtors, The Durham Regional Association of Realtors, The International Council of Shopping Centers and the Downtown Durham Rotary Club. Seth was also awarded the prestigious Certified Commercial Investment Member (CCIM) designation in 2008. Only 6 percent of the estimated 150,000 commercial real estate practitioners nationwide hold the CCIM designation, which reflects not only the caliber of the program but also why it is one of the most coveted and respected designations in the industry.

 

Michael Clonch, Partner, Neal Bradsher and Taylor:  Michael is a partner in the Durham office of Neal, Bradsher & Taylor, PA.  Neal Bradsher can trace its roots to 1968 when Jim Neal started his firm as a one person CPA office in Durham, NC by acquiring the accounting practice formed by his father, S.B. Neal, with whom Jim was fortunate to have worked. The firm experienced steady growth and expanded with additional partners over the years to become known as Neal, Bradsher & Taylor, PA. Because of the firm’s strong emphasis on client service and personal relationships, they have been able to maintain some of their original client relationships for over 40 years.