Jim Heistand served as President and Chief Executive Officer of Parkway Properties, Inc., a NYSE-listed office REIT headquartered in Orlando, Florida from January 2012 until October 12, 2017. Parkway merged with Cousins Properties in October 2016 and the Houston assets of both companies were spun out to Parkway. A joint venture with the CPPIB and Teachers was created for 57% of this portfolio in early 2017. Then in October 2017, took the company private with CPPIB and he now serves as Chairman and CEO with a controlling interest in the entity. Parkway, now as a private entity, operates and owns approximately 17 mm square feet of office properties valued at over $3.5 billion. With Mr. Heistand as President and CEO, Parkway Properties experienced tremendous growth and strategic realignment focusing on building a premier portfolio of office properties in the Sunbelt. Under his leadership since 2012, Parkway:
Mr. Heistand joined Parkway as Chairman in 2011 through the company’s merger with Eola Capital. As Eola’s founder and chairman since its inception in 1999, he was responsible for the acquisition of $1.3 billion of office assets backed by PSP, GE Capital, Lehman Brothers and others that included 13.3 million square feet in Florida, Atlanta and Virginia.
Mr. Heistand served as chairman of DASCO with his purchase of the company, an owner, developer and operator of medical office buildings throughout the United States, from 1999 until its sale to CNL Assisted Living REIT in 2004.
In 1989, Mr. Heistand founded and served as chairman and CEO of Associated Capital Properties, Inc., an office and investment company focused in Florida. He directed all areas of the company’s operations, including its strategic planning, acquisitions, development and financings, until its sale in 1997 to Highwoods Properties. ACP had grown to be the largest private owner of office properties in Florida. Jim subsequently served as a senior vice president for Highwoods from 1997 to 1999 and as a member of its board of directors.
Prior to forming ACP, Mr. Heistand was President of Major Realty in 1987, a publicly traded real estate company.
Mr. Heistand graduated from the University of Florida with a Bachelor of Science in Real Estate Finance, and he started his career in 1976 at Coopers & Lybrand as an internal auditor. Mr. Heistand is a member of the Chairman’s Circle of the real estate advisory board for the Warrington College of Business Administration at the University of Florida and is a recipient of the UF Bergstrom Center Hall of Fame Award in 2016.
With a B.S. in Accounting from the University of Florida and 20+ years of experience, Scott is one of our owning partners and vital to the growth and longevity of Parkway.
Allen C. de Olazarra is the Chief Operating Officer of Parkway. Before joining Parkway, Mr. de Olazarra was the Founder and Chief Executive Officer of Equitable Real Estate Partners, a fully integrated private real estate investment and operating company active with the acquisition and redevelopment of Class B office buildings, Class B big-box industrial and distribution facilities, and the ground-up construction of Senior Housing Communities.
Before forming Equitable, Mr. de Olazarra was the Founder, Chairman, and Chief Executive Officer of America’s Capital Partners, a fully integrated private real estate investment and operating company active throughout the southeast and mid-Atlantic regions of the United States. Prior to founding America’s Capital Partners, Mr. de Olazarra was the President of Associated Capital Properties, Inc., one of the leading real estate operating and investment companies in Florida. On October 1st, 1997, Associated Capital Properties merged with Highwoods Properties, a real estate investment trust, in a transaction valued at $622 million. Mr. de Olazarra remained with Highwoods for eight months after the merger with the responsibility of acquisitions and development in Florida and the two companies’ integration. Mr. de Olazarra started his real estate career at Cushman and Wakefield in 1982, serving as Senior Director until 1993.
Mr. de Olazarra received his Bachelor of Arts degree in English from the University of Virginia in 1981. He has remained active in the University community as the Chairman of the Batten School of Leadership and Public Policy Foundation, as an Emeritus Trustee of the Foundation for the College of Arts and Sciences, as a Founding Fellow of the university‘s Real Estate Institute, and as the former Executive in Residence at the Center for Growth Enterprises at the McIntire School of Commerce. Mr. de Olazarra has served on the Real Estate Advisory Board at Florida State University and is an occasional lecturer at FSU, UVA, Columbia, UM, and NYU.
Responsible for all legal and corporate governance matters for Parkway. Noni has 10+ years of experience representing REIT and other real estate companies and joined Parkway in 2014.
Bringing 15+ years of expertise, John manages the day-to-day accounting functions for all of our properties.
Phil brings 12+ years of office experience to the team and is responsible for leasing, property management, and asset repositioning throughout Florida.
Matt brings nearly 20 years of commercial real estate and property management experience to his role of operational insight in Houston.
With over 15+ years of real estate experience, Kevin focuses on new investments, asset management, and financing initiatives.
Whit brings a strong track record spanning over 35 years in the real estate industry to his role of overseeing our development projects throughout the U.S.