As an Asset Manager for The PPA Group, a multifamily real estate investment firm, Michael Payne specializes in executing on a strategy for each individual asset, creating value for stakeholders through active management of the investment.
Michael is experienced in multifamily development, acquisitions, asset management, and dispositions. His well-rounded multifamily background gives him focused insight into how all of the pieces of the investment and management process fit together.
Prior to joining The PPA Group, Michael served as an Asset Manager for Prudential Real Estate Investors, where he managed 15,000 Class-A multifamily units across the United States which consistently outperformed the benchmark NCREIF ODCE Index in both income and appreciation. He also accumulated $750 million in successful dispositions and sold approximately $500 million in multifamily assets.
Michael also served as Vice President of Multifamily Investments at Brand Properties, where he produced numerous multifamily development opportunities across the southeastern United States. He expanded the firm’s development footprint outside of the metro Atlanta area and generated superior investor and sponsor returns. He also led market research, deal sourcing, underwriting, creation of pitch books, and delivery of equity and debt partner presentations to facilitate financing of these opportunities.
In his free time, Michael enjoys spending time with his wife and kids, as well as playing music, fishing, and cooking.
Michael holds a Bachelor of Business Administration degree from Kennesaw State University.