Pinecroft Realty restructures as its HRE business expands
By John B. Mugford
The Pincecroft Realty executive team includes (from left to right): Chairman Tom Pisula, President and CEO Jim Pisula and Executive VP and Chief Operating Officer David Teague. (Photo courtesy of Pinecroft Realty)
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
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