• About Patrick Sprouse

    Patrick Sprouse has over a decade of experience in the commercial real estate sector. Mr. Sprouse has held numerous positions in commercial brokerage, real estate technology and executive operations on regional, multi-market and national scales. Currently Mr. Sprouse is providing management and technology consulting service for a private real estate services company based in Washington, DC with over $1.5 billion in 2015 revenue. Mr. Sprouse has an extensive background in business management, sales engineering, project management, software selection and business analysis as well as organizational change and brand management.

    http://www.patricksprouse.com

    Houston hospitality update

    by  • February 10, 2012 • CRE, Economics

    I wanted to post a quick update on hospitality recovery. The 2012 occupancy rate seems to have settled between 2011s improvement and the pre-recession (2000 to 2007) median occupancy rate – a 5.5% y-o-y improvement. All things considered, that is still good news. But what’s better is that RevPAR (revenue per available room) is up […]

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    Houston office market health by class

    by  • February 10, 2012 • CRE, Economics

    Often when we talk about the office space market we group classes together. And of course we all know that the classes, especially between A and B are subjective – there is an A that should be a solid B, or a B that should be an A. But more often than not, the market […]

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    Positive signs from CRE Investments in Q4 GDP advance

    by  • February 1, 2012 • CRE, Economics

    Calculated Risk has a timely post, mining out of the Q4 GDP advance some interesting nuggets in regards to CRE. We covered hospitality last week, but you can clearly see the sharp decline in office, retail and hospitality investments after their peaks and the recession. ¬†Specifically hospitality investment is down 80% from its 2008 peak, […]

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    NPV demystified

    by  • January 26, 2012 • CRE, Economics, Finance

    Tenants working with brokers often are presented with financial spreadsheets breaking down potential deals or the financial implications of a few potential sites for lease. Usually somewhere close to the bottom, circled in red or highlighted (like the example on the right), is a dollar figure listed as the ‘net present value'(NPV)¬† of the deal(s). […]

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