About Us
Loci Capital is a Tampa-based real estate private equity firm focused on the Southeast United States. We combine allocator-level discipline with operator level execution to create Continuity of Expertise aligning strategy, capitalization, and execution across the full investment lifecycle. Our boutique structure ensures hands-on involvement, investor alignment, and durable results.
About Our Strategy
Institutional Experience, Specialist Focus
Our hybrid model combines the perspective of an institutional allocator with the precision of a specialist operator. Investors benefit from the diversification of a large allocator while capturing the enhanced economics of a focused boutique. This structure enables us to drive alpha at the deal level through disciplined execution, while maintaining upside through market selection in the Southeast — the corridor with the strongest demographic and income-driven beta. By blending diversification, alignment, and precision, we deliver investments built to protect capital in downturns and compound value through cycles.
Cost Basis Advantage
Our first principle is to acquire with a built-in margin of safety. We target opportunities where the spread between our stabilized yield on cost and prevailing market cap rates provides a cushion — ensuring investments can perform without market improvements and withstand shocks when they occur. But cost basis is more than just entry price. It’s also about structuring and capitalizing each investment to match the business plan, creating the flexibility to navigate disruption in the capital markets while protecting downside and preserving upside.
Simplicity in Execution
Our second principle is simplicity. In real estate, complexity compounds risk — the more variables required to achieve a projected outcome, the less reliable that outcome becomes. We design business plans that are clear, focused, and rooted in fundamentals, ensuring that execution is both measurable and achievable. By avoiding unnecessary moving parts, we reduce volatility, protect against downside, and increase the probability that each investment delivers on its promise.
Market Tailwinds
Our third principle is to harness long-term demographic and economic forces without chasing trends. The structure of our purpose-built management team gives us the flexibility to allocate across asset classes and strategies, positioning capital where market-driven beta is strongest. This allows us to enhance the alpha created through cost basis discipline and simplicity in execution, compounding returns by aligning with the Southeast’s enduring growth in population, income, and corporate migration.
Our Story
Guided by Vision. Grounded in Value.
Loci Capital was founded in 2019 by Michael Phillips and Patton Chillura, who recognized a gap in real estate investing allocators excel at structuring and capital markets, while operators focus on execution and local insight. Separated, this model creates silos, diluted returns, and increased volatility.
Loci’s purpose built senior leadership team bridges that divide through continuity of expertise combining allocator discipline with operator precision across the full investment lifecycle.
The name “Loci” comes from the Latin for “places” and from Locust Walk at the University of Pennsylvania, a path both founders share as alumni. It reflects our mission to be place-makers, investing in the Southeast’s fastest-growing communities.
Our focus is the region’s rising upper-middle class the demographic driving U.S. consumer demand. By investing in housing, logistics, retail, and lifestyle assets that serve this group, we create durable value where America lives, shops, and works.
We call our approach Scrappy. Measured. Proven. Scrappy in sourcing, measured in underwriting, and proven through results across cycles. Above all, we treat our investor’s capital as carefully as our own, guided by transparency, discipline, and alignment.
Our Dedicated Team
Loci Capital’s leadership team was purpose-built to deliver continuity of expertise across the entire investment lifecycle. Each managing principal brings deep domain knowledge, but our structure is designed to transcend silos. Because senior leadership is compensated on the firm’s overall performance, not just their specialty, we are free to pursue the best risk-adjusted opportunities, wherever they arise.
This model allows us to shift seamlessly across asset classes, underwrite with precision, and execute with discipline, without being bound to quotas or required allocations. With roots on Wall Street and experience on the ground, our team is unified by a single mission: to consistently outperform while remaining transparent and aligned with our investors.
Loci Capital is headquartered in Tampa, with a second office in New Jersey, and has become a trusted platform for sophisticated real estate investment across the Southeast United States.
Michael Phillips, Managing Partner
Co-Founder & CEO
Patton Chillura, Partner
Co-Founder
Garrett Francis, Managing Principal
Head of Capital Markets
Damien Greenwood, Managing Principal
Head of Hospitality
Dave Workman, Managing Principal
Chief Operating Officer
Casey Wilson, Managing Principal
Head of Investor Relations
Mike Nauman
Senior Investment Associate
Sam Bastian
Associate
Loci Private Real Estate Insight Magazine
Sept 2025 edition
Loci Private Real Estate Insights is a curated magazine that highlights Loci Capital’s strategy, culture, and investments in the Southeast, showing how the firm blends allocator discipline with operator precision to deliver resilient returns and build enduring communities.
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Rooted in Place. Investing in People.
At Loci Capital, we recognize that strong communities support strong investments. While our primary focus is delivering exceptional returns, we also take pride in giving back to the regions where we operate. Through sponsorship of youth sports, local events, and civic partnerships across the Southeast, we support initiatives that strengthen neighborhoods, empower young people, and contribute to long-term community vitality. For us, investing in places includes investing in their futures.
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