Pinecroft Realty’s new CEO succeeds his brother, Tom Pisula, at the helm of HRE-focused firm
By John B. Mugford
Jim Pisula
For starting out as a side business of an energy trader back in 2003, The Woodlands, Texas-based Pinecroft Realty has done rather nicely in the healthcare real estate (HRE) sector.
The full-service commercial real estate firm, which focuses on HRE development, also acquires, leases and manages facilities.
Since its founding by Tom Pisula – the former energy trader – the firm has developed and/or acquired more than 90 projects with a total of about 3.1 million square feet of space. The firm also provides property, asset and facilities management services for more than 2.5 million square feet of commercial real estate.
Along the way, Tom’s brother, Jim, joined the firm in 2008 and served as chief investment officer and partner ever since. By the time he joined Pinecroft, Jim Pisula was an HRE veteran, having worked with Fort Collins., Colo.-based The Neenan Company and then helping launch an independent offshoot of that firm, Denver-based NexCore Group LLC, which was co-founded by current CEO and President Greg Venn.
On April 12, Pinecroft announced that Jim Pisula had been promoted to president and CEO of Pinecroft, with his brother, Tom, transitioning to the role of chairman.
In a news release, Tom Pisula noted: “Jim has been a driving force behind evolving Pinecroft Realty into a nationally recognized healthcare real estate developer and investor. When I started Pinecroft 20 years ago, I had no idea it would become the firm it is today. I am looking forward to working with and supporting Jim as our company continues to grow.”
HREI™ reached out to Jim Pisula after the announcement to learn more about his career, his promotion and his plans for the future.
HREI: Jim, congratulations on the promotion. Pinecroft Realty probably isn’t quite as well known as some of the other developers and investors in the HRE space. So can you tell us a little bit about the company and its history? Also, as kind of a side question, will Pisula Development continue to exist?
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