Asset Management
The Wells Asset Management team carefully monitors the long-term investment potential of each property and looks for opportunities to maximize that potential. This team is responsible for negotiating leases with tenants and other contracts related to the properties. They look for ways to enhance and improve the properties in a way that will create value and add to their overall market potential.
Kevin Hoover oversees Asset Management.
Kevin Hoover is Managing Director of Asset Management for the Western region. In this capacity, he oversees the asset management team responsible for Wells-owned properties in the Western United States. This team is responsible for developing and implementing long-term investment strategies for each property, performing due diligence on acquisition targets, executing value-added strategies, and positioning properties for sale. Kevin has more than 20 years of broad-based commercial real estate experience, including portfolio and investment management, marketing, investment analysis and underwriting, and valuation.
Prior to joining Wells in 2004, Kevin was a Principal, Equity Portfolio Management, for Lend Lease Real Estate Investments. During his nine-year career with Lend Lease, Kevin held numerous positions involving the management of institutional client accounts and commingled funds. Kevin is a former Manager, Real Estate Valuation/Advisory Services Practice, for Price Waterhouse, where, from 1992 to 1995, he managed appraisal and consulting assignments for a variety of institutional clients involving all major property types. His consulting efforts involved audit review, due diligence, and litigation support.
Kevin holds the MAI designation with the Appraisal Institute, and the CCIM designation through the CCIM Institute. He graduated as a First Honor Graduate from the University of Georgia with a B.B.A. in Real Estate. Kevin is a member of the National Association of Industrial and Office Properties (NAIOP), serving on its Capital Markets Forum I, and the National Association of Real Estate Investment Managers (NAREIM). He also is currently a member of the Urban Land Institute (ULI).
Patti Morris oversees Asset Management.
Patti Morris is Managing Director of Asset Management for the Eastern region. In this capacity, she oversees the asset management team responsible for Wells-owned properties in the Eastern and Southern United States. This team is responsible for developing and implementing long-term investment strategies for each property, performing due diligence on acquisition targets, executing value-added strategies, and positioning properties for sale. Patti has more than 25 years of experience in commercial real estate and portfolio and investment management.
Prior to joining Wells in 2003, Patti served as Director of Asset Management and as Portfolio Manager for Prudential Real Estate Investors, where she oversaw assets for the company’s separate accounts in the Eastern United States. Prior to that, she served as Asset Manager for The Travelers Realty Investment Company, where she was responsible for managing a portfolio of assets in the Southeast.
Patti is a member of the National Association of Real Estate Investment Managers (NAREIM), and the National Association of Industrial and Office Properties (NAIOP), and she holds a Georgia real estate license. She earned a B.B.A. from the University of Mississippi.
