Stonemont, an Atlanta-based real estate investment firm, today announced the promotion of Mike Patel to chief operating officer (COO) and principal. This high-level appointment underscores Stonemont’s continued momentum and will support its next phase of growth.

“Over the years, Mike has consistently been an invaluable part of our team and I am confident that he will continue to lead our firm with an innovative, forward-looking approach,” said Zack Markwell, CEO and Managing Principal at Stonemont. “His expertise and leadership will be instrumental in guiding our strategy and positioning Stonemont for long-term success as a developer and multi-strategy investment manager.”

As COO, Patel will oversee Stonemont’s internal operations, driving efficiencies across the firm’s platforms in major markets across the country. He will play a key role in executing Stonemont’s strategic priorities heading into 2026, including expanding its investment footprint in target markets and supporting the continued growth of top asset classes by bolstering the firm’s data-driven approach. Previously, Patel served as general counsel for Stonemont, overseeing all aspects of the company’s legal matters. 

“Having spent the last several years supporting Stonemont’s growth from a legal perspective, I’m looking forward to taking on a broader operational role and implementing strategic growth initiatives," said Patel. “Our team is well-positioned for this next phase of growth, and I’m committed to building on our momentum as we head into the new year.”

Stonemont also recently promoted Jack Altmeyer to executive vice president and head of portfolio management. In this role, Jack will lead a team dedicated to performance and risk management across the firm’s strategies, along with overseeing reporting and governance with our institutional partners. Altmeyer previously served as the head of transaction management, where he worked closely with acquisitions, development, capital markets, legal, accounting and asset management teams. 

Stonemont’s current portfolio includes 17.2 million square feet of industrial assets, 39 million square feet of ISF space and more than $375 million in healthcare projects delivered and under construction.

For more information on Stonemont and its initiatives, click here.