About Us
Your Asset Management Reinforcements
Over 30 Years of Experience
Established in 2007, Path of Growth is a third-party institutional CRE asset consulting firm with extensive experience in the management of value-added real estate on behalf of institutional (and aspirational) investors.
Led by founder Barry Quiner, we offer flexible & responsive asset management services tailored to our client's needs. From augmenting your existing asset management team, to taking on the active management role in our clients’ stead, Path of Growth provides the level of orchestration and oversight required to steer your assets to a better position of value.
“Good job, Brother. You’re a lionheart.”
~ National Retail Investor Client
Clients Include:
Executive Leadership:
Barry Quiner, Founder
Barry is a relationship builder with 30 years in value-added real estate and a history of building lean yet institutional-grade investment platforms.
He has led asset management for a combined portfolio of 32 million square feet of retail, mixed-use, office, multi-family, industrial, R&D laboratory, hotel, and student housing assets located in diverse markets spanning the continental United States. He spent fifteen years at Prudential Financial serving the institutional clients invested in PRISA II, one of the most successful core-plus funds in the pension real estate investment industry. Upon his departure, he was the longest-serving member of the portfolio management team with direct responsibility for a $2.6 billion, 13.8 million-square-foot real estate portfolio of existing and development assets. He oversaw PRISA II’s entire retail portfolio for 4 years, achieving average annual total returns of 18.1% from this sector during that period.
Barry started the Path of Growth consulting practice in 2007 to advise operating partners seeking to raise capital and provide asset management advisory services for organizations needing to build or strengthen their asset management platforms. He has served as interim head of asset management for aggregate portfolios of 11,800 multi-family units and 4 million square feet of commercial space and advised on $527 million of equity and debt raises.
Barry is a vision-oriented professional with a long history of personal humanitarian work in Haiti, Jordan, and the Pine Ridge Lakota Reservation in South Dakota. He also started a micro-loan fund in Haiti for indigenous entrepreneurs and personally interviewed the first loan recipients.
He graduated magna cum laude from the University of Denver with a B.S.B.A. degree in Finance & Real Estate and earned his M.B.A. from the University of Pennsylvania’s Wharton School of Business.
30 YEARS
of
VALUE-ADD
RE EXPERIENCE
COMBINED PORTFOLIO
of
32 MILLION SQUARE FEET
ADVISORY ON
$527 MILLION
of
EQUITY AND DEBT RAISES
Deal Summary and Disposition Highlights
Retail / Mixed-Use:
Global Investment Bank
National Private Investor
N.J. Boutique Advisor
N.E. Corridor Developer
Phila. Boutique Advisor
Global Pension Advisor
La Frontera Village
Plaza at Puente Hills
Bandera Pointe
City Place
Embassy Crossing
San Ysidro Village
Neonopolis
Meridian Village
Shenandoah Square
La Mancha
Courtyard Shops
Crossroads Royal Palm
Coral Creek Shops
Cameron Park
Brookside Square
Richmond City Center
Shops of Marco
Olympiad Plaza
Puget Park
Managed through foreclosure a 340,083-s.f. tourist-oriented specialty retail center in New York City.
Ran asset management and COVID-19 restructuring of a 1.2 million-s.f. multi-market grocery-anchored retail portfolio.
Headed asset management of a 260,350-s.f. multi-market retail portfolio.
Headed asset management of a 1 million-s.f. value-added retail portfolio in the Northeast corridor comprised of neighborhood centers and a de-malling redevelopment.
Headed asset management of a 527,647-s.f. multi-market retail portfolio.
Served as senior asset manager for a 10.3 million-s.f. (including 2.9 million s.f. under development) nationwide equity retail portfolio comprised of lifestyle, power, outlet, and grocery-anchored neighborhood centers and a $14.8 million lifestyle center
Developed, managed and sold a 527,119-s.f., $78.1 million power center in Round Rock, Tex., for an 82.3% IRR over 24
Acquired, managed and sold (parcelized) a 518,938-s.f., $64.7 million power/neighborhood center in City of Industry, Calif.,for a 20.8% IRR over 48 months.
Developed, managed and sold a 413,345-s.f. $42.6 million power center in San Antonio for a 602.2% IRR over 17 months.
Acquired, managed and sold a 349,955-s.f. $73.8 million mixed-use urban lifestyle center (redevelopment of an enclosed mall) in Long Beach, Calif., for a 12.4% IRR over 80 months despite costly litigation initiated by the general contractor.
Managed and sold prior to funding a 330,854-s.f., $42.1 mil center in New Port Richey, Fla., creating $6.6 mil of fund value.
Acquired, managed and sold a 258,862-s.f., $35.9 million outlet center in San Ysidro, Calif., for a 10.0% IRR over 61 months despite competition from a new outlet center opening across the street.
Managed and sold a 232,826-s.f., $25.0 million failed entertainment center in Las Vegas for a (30.0%) IRR over 79 months.
Acquired, managed and sold a 208,422-s.f., $23.4 million power center in Bellingham, Wash., for a 13.1% IRR over 34
Managed and sold a 109,432-s.f., $16.2 million neighborhood center in Davie, Fla., for a 15.4% IRR over 78 months.
Acquired, managed and sold a 109,358-s.f., $14.7 million mixed-use neighborhood center in Fullerton, Calif., for a 69.8%
Managed and sold a 109,289-s.f., $20.0 million neighborhood center in West Palm Beach, Fla., for a 17.0% IRR over 60
Managed and sold a 105,912-s.f., $17.5 million neighborhood center in Royal Palm Beach, Fla., for a 19.9% IRR over 84
Managed and sold a 105,812-s.f., $15.1 million neighborhood center in Coconut Creek, Fla., for an 18.9% IRR over 84
Acquired, managed and sold a 103,414-s.f., $18.3 million neighborhood center in Cameron Park, Calif., for a 23.0% IRR over 30 months
Acquired, managed and sold a 77,386-s.f., $11.4 million neighborhood center in Coral Springs, Fla., for a 12.3% IRR over
Acquired, managed and sold a 76,692-s.f., $14.0 million neighborhood center in Richmond, Calif., for an 18.0% IRR over
Managed and sold a 65,339-s.f., $8.0 million neighborhood center in Marco Island, Fla., for a 16.3% IRR over 60 months.
Acquired, managed and sold a 45,600-s.f., $16.0 million neighborhood center in Mission Viejo, Calif., for a 24.8% IRR over
Acquired, managed and sold a 41,065-s.f., $7.4 million neighborhoold center in South Everett, Wash., for a 30.3% IRR over 68 months.
Office:
National Private Investor
N.E. Corridor Developer
Phila. Boutique Advisor
Global Pension Advisor
Cornerstone Properties
600 Vine St
MetroPlace III & IV
1100 13th Street
Ballston Point
Ran asset management and COVID-19 restructuring of a 59,174-s.f. N.J. office portfolio.
Headed asset management of a 1 million-s.f. value-added office portfolio in the N.E. corridor comprised of CBD and suburban assets.
Headed asset management of a 623,915-s.f. multi-market CBD and suburban office portfolio.
Served as senior asset manager for a 3.1 million-s.f. (including 500,000 s.f. under development) multi-market equity office portfolio (detail available) and a $53.3 million office mezzanine loan portfolio.
Managed a property-for-stock disposition of a 352,164-s.f., $83.2 million office property in Cambridge, Mass., and the disposition of the resultant 3,428,571-share REIT investment for a combined IRR of 19.5%.
Managed and sold a 578,892-s.f., $36.0 million office building in Cincinnati for a 3.2% IRR despite a 50% nominal market rental rate decline over the 180-month holding period.
Sold prior to funding a 325,310-s.f., $85 mil development office property in Merrifield, Va., creating $10 mil of fund value.
Bought out the operating partner on a 269,695-s.f., $80.1 mil development office building in Washington, D.C.
Bought out the operating partner on a 260,605-s.f., $65.0 mil development office building in Ballston, Va.
Multi-Family:
Mexico Fund Sponsor
Mexico Developer
Phila. Boutique Advisor
Global Pension Advisor
BRE Properties
Equity Residential
The Venture
Advised a client with a $41.7 million low-income housing debt fund in Mexico on capital raising.
Advised a client with a 500-unit, $34.3 million low-income condominium development in Guadalajara on capital raising.
Headed asset management of an 11,789-unit multi-market apartment portfolio.
Managed multi-family property-for-stock dispositions totaling 2,139 units and REIT investments of 5.1 million shares.
Managed a property-for-stock disposition of a 4-property, 1,403-unit, $124.5 million apartment portfolio and the sale of the resultant 3,713,331-share REIT investment for a combined IRR of 12.3%.
Managed a property-for-stock disposition of a 2-property, 736-unit, $58.7-million apartment portfolio and the sale of the resultant 1,428,319-share REIT investment for a combined IRR of 9.4%.
Sold without funding a 498-unit (745-car garage), $102 million condominium development in Aventura, Fla., creating $15.0 million of fund value; the project was developed on 6.3 acres formerly occupied by a 16-screen movie theatre (negotiated a $2.7 million payment from the operator to buy out the lease) in a 287,049-s.f. lifestyle center I managed.
Hotel:
Mexico Developer
Global Pension Advisor
Advised a client with a 527-key, $86.3 million business-traveler hotel in Mexico City's D.F. on capital raising.
Managed a property-for-stock disposition of a 10-property, 3,039-key, $250.0 million hotel portfolio and the sale of the resultant 4,529,007-share REIT investment for a combined IRR of 20.5%
Industrial:
National Private Investor
N.E. Corridor Developer
Phila. Boutique Advisor
Ran asset management and COVID-19 restructuring of an 80,057-s.f. New York City-area industrial park.
Headed asset management of a 675,000-s.f. value-added conditioned warehouse/flex industrial asset in suburban Philadelphia.
Headed asset management of a 517,367-s.f. multi-market industrial portfolio.
Laboratory:
N.E. Corridor Developer
Headed asset management of an 840,000-s.f. former single-tenant R&D laboratory campus in northern N.J.
Student Housing:
Global Pension Advisor
Served as senior asset manager for a $20.5 mil mezzanine loan on a 13-property, 5,520-bed, $120.6 million student-housing portfolio in the Southeast that achieved an 18.0% IRR over 62 months.
Land:
Mexico Developer
N.J. Developer
Mexico Developer
Texas Developer
Global Pension Advisor
Advised a client with a 500-unit, 25-acre, $34.3 million low-income condominium development in Guadalajara on capital raising.
Advised a client with a 350,000-s.f., $85 million (first phase) mixed-use development on 28 acres in northern N.J. on capital raising.
Advised a client with an 1,800-lot, 857-acre, $158.3 million middle-income housing development surrounding a golf course in Guadalajara on capital raising.
Advised a client with a 3,400-lot, 1,354-acre, $76.4 million middle-income housing development in suburban Austin on capital raising.
Sold prior to funding a 31-acre land parcel slated for development as a 125,000-s.f. power center in Ft. Myers, Fla., creating $1.1 million of fund value.