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Texas  |  November 30, 2020
Paul Bubny
By: Paul Bubny

Paxion Takes Major Stake in Patrinely Group

Paxion Capital, based in Menlo Park, CA, is acquiring a significant stake in Houston-based investment and development firm Patrinely Group. Paxion’s co-founders, Jim Davidson and Fritz H. Wolff, along with Len O’Donnell, CEO of USAA Real Estate, are also investing in the transaction. Deal terms weren’t disclosed.

Patrinely Group’s executive leadership team will remain in place. The company will continue operating under its current name and maintain headquarters in Houston. 

The new alignment with Paxion and its affiliates will mean a shared focus on the intersection of real estate and technology for Patrinely Group.

“I could not be more enthusiastic to join forces with Len, Jim and Fritz,” said chairman Dean Patrinely. “Over Patrinely Group’s 37-year tenure, we have established a strong foundation for the future with a robust national pipeline. This strategic partnership is a once in a lifetime opportunity for Patrinely Group to take a quantum leap forward.”

For comments, questions or concerns, please contact Paul Bubny

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).
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