Atlanta (August 2015). Turnstone Group LLC has hired Mark Battleson as Managing Director of Turnstone Funding. Mr. Battleson joined Turnstone in a move to further expand the firm’s bridge lending, mezzanine, preferred equity and joint venture investment platform.
In his capacity, Mr. Battleson will serve to assist in the origination and structuring of loans and investments, as well as the strategic direction of Turnstone’s funding strategies. Turnstone’s efforts will focus on middle-market, opportunistic situations involving developments and existing commercial and residential real estate (including land and condominium conversion/development).
“I have had the pleasure to build a relationship with Chip Johnson, CEO, over the past several years and watch Turnstone Group pivot and evolve with the opportunities presented,” said Battleson. “Turnstone’s forward-thinking and vision toward the market’s destination, not the current environment, has allowed it to directly invest and place capital with sponsors in distressed, repositioning, or under-capitalized niches through all cycle-stages since its inception in 2001. The firm’s recent foray into distressed real estate in Spain is an example of Turnstone’s willingness to think outside-the-box and solve for unique situations that are presented.”
Prior to joining Turnstone, Mr. Battleson worked in deal teams as an investment banker, attorney, asset manager and principal in developments and existing assets with a value in excess of $1.5 billion. Mr. Battleson has held senior investment and asset management positions with national real estate investment and development firms Hunt Capital Partners (a Hunt Companies affiliate) and Alliance Residential Company. He has also arranged and structured capital with Miami-based investment and merchant banking boutique Madison Capital Group. In addition to acting as a principal in attached-residential development, Mr. Battleson also served in development and capital markets capacities with developers Southeast Capital Companies (Atlanta) and Capstone Advisors, Inc., (San Diego). Mr. Battleson earned his MBA from University of Michigan, JD from Emory University School of Law, and BA from University of California – Santa Barbara. He is a member of the State Bar of Georgia and is a Georgia real estate licensee.
Turnstone Group LLC is a real estate investment management company employing an opportunistic investment approach focused on capitalizing on distressed, misunderstood and under-capitalized situations across a variety of asset types. Since 2011, Turnstone has completed transactions with over 40 separate financial institutions and scores of sponsors throughout the United States and Spain.