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Orlando, FL (April 29, 2008) - Eola Capital buys two Tampa office buildings, completing its ownership of Buschwood Office Park more details Orlando, FL - (November 28, 2007) - Eola Capital Buys Two Orlando Office Buildings in $50 Million Deal. more details Orlando,
FL - (June 21, 2007) - Eola Capital Completes St. Joe Portfolio Acquisition.
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| History |
| Eola
Capital Jim Heistand founded Eola Capital in 1999 by combining members of senior management and personnel from the former Associated Capital Properties. Eola Capital LLC is a fully-integrated, privately-held real estate investment company which owns, operates, and manages office buildings throughout the Southeastern United States. Eola Capital is based in Orlando with regional offices in Atlanta, Charlotte, Columbia, Ft. Lauderdale, Jacksonville, Panama City Beach, Tallahassee, Tampa and Richmond. Associated Capital Properties, Inc. (ACP) Jim began Associated Capital Properties, Inc. as its sole founding member in Orlando in 1989. He subsequently expanded to Jacksonville in 1993, South Florida in 1994, and Tampa in 1995. In 1997, he sold ACP and its 6.8 million square foot portfolio to Highwoods Properties, a publicly traded REIT, for $622 million. Jim served on the Board of Directors of Highwoods and its Investment Committee until June 2000. DASCO Companies Besides forming Eola Capital in 1999, Mr. Heistand acquired a controlling interest in DASCO Companies, a national medical office building development company based in West Palm Beach, Florida. Upon acquisition, DASCO was a development company shell with no assets other than its staff and a list of potential development opportunities. By August 2004, DASCO owned 28 buildings and was sold along with its portfolio to CNL for $241 million. |