Abbot is Co-Founder and CEO of SolPacific, LLC. As CEO, Abbot oversees all investment opportunities under the SolPacific umbrella including serving as Manager for the SolPacific Income Fund, which has approximately $100MM under management. SolPacific works primarily with developers in the affordable-housing market in an effort to bridge the expanding housing crisis faced in the United States.
On the forefront of technology, Abbot, along with The Pacific Companies, a leader in affordable housing development, created AVM Holdings, LLC, which raised $50MM in equity to develop and build a groundbreaking automated modular housing factory in Nampa, Idaho.
Most recently, in 2020, Abbot created Mercury Hospitality, a hotel and multifamily acquisition company. While SolPacific focuses on affordable-housing opportunities, the hotel and multifamily acquisition market is where Abbot began his investment career, co-founding Mercury Investment in 1995. While with Mercury Investment, a national real estate investment firm, Abbot focused primarily in multifamily and hotel properties. Mercury Investment and its controlled affiliates have made more than $600 MM in real estate acquisitions.
Prior to Mercury Investment, Abbot served as Co-Founder of the Whitecliff Group, a real estate opportunity fund focused on apartment and hotel properties. In all, Abbot’s experience spans three decades and over $1.5B in assets.
In addition to a long career in private equity investment and acquisition, Abbot was an attorney in private practice from 1985 until 1995, becoming the youngest Vice President, Shareholder and Director of the law firm of Fryberger, Buchanan, Smith & Fredrick, P.A. He attended the University of Minnesota for both his undergraduate degree and his law degree, graduating with honors from law school in 1985.