Steve and Patrick Harrington quit their jobs in 2007 and founded Harrington International, a real estate development firm that sells luxury properties in the Bahamas.”We’ve taken an investment-banking approach to buying up trophy properties in the Bahamas,” says Steve.
Patrick started in investment banking, arranging seed capital for several early-stage technology companies while working at an independent investment firm in Chicago from 1994-2000, according to his profile on POGO.
Then he got an MBA from Anderson in 2003, and later worked at Churchill Mortgage in Los Angeles in debt and equity financing for commercial real estate properties.
But in 2007, Patrick partnered with his brother as a principal on several beachfront land acquisitions in the Bahamas.
Right now they’re selling a $22 million island they bought in 2006, a move that got their company, Harrington International, a write up in the Wall Street Journal. In total, they own five properties that they’re developing into private islands or luxury properties. Stocking Island – Where they’re developing a luxury boutique resort & spa
Swimming Pool Beach – Where they’re developing a 40-unit boutique hotel and 226 townhomes/villas
Clove Cay – The 145-acre private island currently selling for $22 million. The property has a 4,000 square foot house you can view here.
Exuma Beach Properties – Plans unknown