C Patterson

Charles Evans "Pat" Patterson is the founder and President of MacKenzie Capital Management, LP, a Bay Area firm that has specialized in discounted real estate securities and asset management since its formation in 1982. The "mpfi.com" email domain reflects the firm's earlier name, MacKenzie Patterson Fuller, Inc. (MPFI) — a name combining principals Patterson and Glen Fuller. Patterson co-founded the business with Berniece A. Patterson, who remains a founder and director and also co-founded the affiliated SEC-registered adviser MCM Advisers, LP (established 1981).

Before the MacKenzie entities, Patterson founded Patterson Financial Services, Inc. (PFS) in 1981 as a financial-planning firm, again alongside Berniece Patterson. The firm was incorporated in California in January 1996 as Mackenzie Patterson, Inc., with Charles E. Patterson and Berniece A. Patterson as officers/directors and Glen Fuller as Vice President, operating out of Moraga, California. Public profiles credit Patterson with more than five decades of experience in financial services, with particular depth in real estate securities and mergers and acquisitions.

The firm's core business is providing liquidity to investors holding illiquid real estate securities — buying out limited-partnership units, non-traded REIT shares, and TIC interests, often through tender offers, and managing those assets. Under Patterson's leadership the platform also spawned MacKenzie Realty Capital, Inc., a publicly reporting real estate investment vehicle. Today the broader leadership team includes Chip Patterson (Managing Director & General Counsel), Glen W. Fuller (Managing Director & COO), and Robert E. Dixon (Managing Director & CIO).

• Acquires discounted real estate securities in the secondary market — non-traded REIT shares, real estate limited partnership units, TIC interests, and private real estate notes.
• Strategy is built on providing liquidity to investors stuck in illiquid real estate holdings, frequently via tender offers, then managing the acquired assets — described by the firm as "an innovative approach to real estate securities, often seeing opportunities that others overlook."
• Operates through private investment funds and an SEC-registered adviser (MCM Advisers, LP); this is an institutional real estate / asset-management strategy, not an angel or venture-capital startup strategy.
• Emphasis on distressed / mispriced / overlooked positions where the firm can buy below intrinsic value.