Atlanta-based real estate developer Portman is expanding its reach into multifamily acquisitions and has hired Sean Henry to lead this new venture as senior vice president of multifamily acquisitions and dispositions, according to a news release shared with Multifamily Dive.
In this newly created role, Henry will focus on identifying, evaluating and executing multifamily investment opportunities for Portman. The company is currently targeting properties with more than 200 apartment units across cities in the Southeast, Texas and Florida with long-term population, job and income growth, according to the release.
“As the sector faces a 50-year high in apartment deliveries, we saw an opportunity to expand our residential platform to include acquiring properties that are poised for repositioning, especially as new supply dwindles [in 2025],” said Harvey Wadsworth, managing director at Portman, in the release. “Sean is recognized throughout the industry for his ability to cultivate strong relationships, as well as his strategic mindset for structuring equity deals and navigating multifaceted negotiations.”
Henry has over 20 years of experience in commercial real estate, most recently as chief investment officer at Birmingham, Alabama-based LMS Investment Management. Over the course of his career, he has led over $6 billion in transactions and $1.5 billion in acquisitions. His previous roles include leadership positions at CrowdStreet, Capstone, Moran & Co. and Apartment Realty Advisors, according to the release.
Portman has developed more than 20,000 residential units since its founding in 1957. Its most recent development project is Linea, a 370-unit residential tower in Charlotte, North Carolina’s South End neighborhood, located on a future light rail stop.
The 24-story tower, which will be connected to an existing Portman office building via a skybridge, will offer studios and one-, two- and three-bedroom apartments, with 13 penthouse units on the top levels. On the ground level, the property will add over 18,000 square feet of retail and dining space on the Rail Trail, a 3.5-mile trail running along the LYNX light rail system’s Blue Line.
