Company

Our business philosophy for Prescott Realty Group, Dyck O’Neal and Prescott Advisors is based on the foundational principle of providing our investor partners with superior risk-adjusted returns by identifying market and asset anomalies and recognizing their value.

The Prescott Group philosophy is based on:

  • Acquiring investments at substantial discounts to market value
  • Creating sustainable, growing cash flow through our exemplary asset management and leasing activities
  • Leveraging the investment in a prudent manner to enhance return on equity
  • Positioning the investment to exit in an orderly fashion at or near the top of the real estate cycle when value has been maximized

The Prescott Group commitment to our constituents:

  • Employees: We pledge to offer competitive compensation and benefits in a work environment that is supportive and stimulating, with opportunities for advancement and career growth not readily available at other real estate organizations.
  • Tenants/Residents: We pledge to provide a safe, clean and comfortable working or living experience with above standard amenities at market-competitive rates.
  • Service Providers: We pledge fair-dealing and timely payment for services rendered.
  • Capital Partners: We promise transparency, full-disclosure and a commitment to fulfilling our responsibility to our investors.

The Prescott Group commitment to our constituents:

  • Employees: We pledge to offer competitive compensation and benefits in a work environment that is supportive and stimulating, with opportunities for advancement and career growth not readily available at other real estate organizations.
  • Tenants/Residents: We pledge to provide a safe, clean and comfortable working or living experience with above standard amenities at market-competitive rates.
  • Service Providers: We pledge fair-dealing and timely payment for services rendered.
  • Capital Partners: We promise transparency, full-disclosure and a commitment to fulfilling our responsibility to our investors.

The Prescott Group responsibility to the communities we serve:

  • We manage our business and our properties in a way that is sensitive to the needs of our neighbors.
  • We develop properties with an eye toward long-term sustainability.
  • We desire to create a sense of place that will be a source of pride and vibrant center of economic activity for years to come.

Prescott Group History

1996

CEO Jud Pankey formed Prescott Group. Current president Vance Detwiler joined as a principal, and Prescott acquired the first set of assets: three office buildings (7515 Greenville Avenue, 6300 Ridglea Place, Two Mission Office), and two land parcels of 404,000 square feet for a price of $25 million, along with a portfolio of residential assets.

1998

Exceeded 1.5 million square feet of office space after closing a multi-city, multi-asset portfolio including 6060 North Central Expressway. Prescott Group acquired 110 West 7th Street, a 28-story, 521,854 square foot office building in Tulsa, Oklahoma.

1999

Expanded to Houston and acquired 5959 Corporate Drive, a four-story, 567,333 square foot office building that serves as the prototype for Wiredzone.

2000

Acquired Harbour Pointe Technical Center in Seattle — a four-story, 334,758 square foot building in Seattle, Washington.

2003

Sold 7515 Greenville and 6300 Ridglea Place. Formed the Highpointe Group, a telecommunications company.

2006

Acquired Walnut Glen Tower, an 18-story, 464,289 square foot office building from the publically traded Real Estate Investment Trust (REIT).

2007

Purchased Summit Office Park, a twin office building, totaling 240,910 square feet. Secured $36 million in public-private finance and broke ground on a 70-acre urban infill redevelopment named Lake Highlands Town Center.

2009

Launched the first multi-family development and completed The Shelby, a 55-unit mixed-use development with 3,700 square feet of retail.

2010

Initiated construction on The BLVD, a 417-unit, mixed-used development near Southern Methodist University and the DART light rail at Mockingbird Station. Began a venture with Dyck O’Neal — who controls a portfolio of debt and serving platforms — to begin purchasing both residential and commercial mortgages.

2012

Completed The BLVD and commenced vertical construction of Haven at Lake Highlands and Chenal Pointe at the Divide. Finalized an off-market recap of 1.4 million square feet of office in Houston, Tulsa and Seattle. Completed the sale of Johnson Square and Crestwood Place Apartments that resulted in an aggregate return of more than 50%.

2013

Refinanced $33.2 million in debt of office and multi-family properties located in Dallas and Fort Worth. Completed the final closing of the telecommunication company, HighPointe Group to Global Tower Partners.

2014

Acquired 2727 Turtle Creek Boulevard, an office building with prime positioning in the Turtle Creek and Uptown corridor. Sold The Shelby and Summit Office Park.

2015

Announced the development of Tower 27, a 15-story innovative office building at 2727 Turtle Creek Boulevard. Sold 6060 North Central Expressway, 6080 North Central Expressway and The BLVD.

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Team

Our executive team possesses seasoned institutional experience and hails from the diverse backgrounds of commercial real estate, asset management, property management, acquisitions, development, construction management and finance.

JUDSON PANKEY

Chief Executive Officer

Contact Info

Office: 214.292.3750

Email: jpankey@prescottgroup.com

JUDSON PANKEY

Chief Executive Officer

Judson "Jud" Pankey founded Prescott Group in 1996. As the chief executive officer he is responsible for directing operating strategy, client and investor relations and capital markets initiatives. Prior to Prescott, Pankey was executive vice president at SCI-Roev Realty Group and responsible for the asset management of a $120 million investment portfolio comprising of 1.8 million square feet plus several undeveloped sites in Dallas, Fort Worth and Houston.

He also has been involved in the creation or served on the board of special projects including the Transit Oriented Development (TOD) Tax Increment Finance (TIF) District, Central Dallas Association (CDA), City Center TIF District, Downtown Dallas Improvement District (DID), Downtown Fort Worth, Inc. (DFWI), Vickery Meadow Improvement District (VMID), West End Association, Uptown Public Improvement District (PID), the Urban Land Institute (ULI), Dallas Assembly, The Real Estate Council and Thanks-Giving Square. Pankey earned a Bachelor of Business Administration from Vanderbilt University and attended London Business School/Center for Management Development and is a recipient of a Corning World Trade Council Fellowship.

VANCE DETWILER

President

Contact Info

Office: 214.292.3751

Email: vdetwiler@prescottgroup.com

VANCE DETWILER

President

Vance Detwiler joined Prescott Group in 1997 and is a principal of the firm. He is responsible for day-to-day management of the firm, acquisition and disposition processes as well as the firm's leasing activity. Detwiler's skilled management has yielded successful negotiations of more than 5 million square feet of lease space and the completion of 25 acquisitions and developments totaling more than 4 million square feet and 2,000 multi-family units. Prior to joining Prescott, Detwiler worked for Sarofim Realty Advisors where he analyzed and underwrote office and retail property acquisitions valued in excess of $2.5 billion and totaling more than 12 million square feet on behalf of the firm's pension fund clients. Vance is an active member of the Urban Land Institute (ULI), The Real Estate Council (TREC), TREC Political Action Committee (PAC) board, and the Oak Lawn Committee, among others. Detwiler earned a Bachelor of Business Administration in Finance from The University of Texas.

STEVEN ABNEY

Chief Financial Officer

Contact Info

Office: 214.269.7830

Email: sabney@prescottgroup.com

STEVEN ABNEY

Chief Financial Officer

Steven Abney joined Prescott Group in 2008 and he currently serves as the firm's chief financial officer (CFO) and is a certified public accountant with more than 25 years of experience in the commercial real estate industry. As CFO, Abney oversees the company's finance and accounting, banking, treasury and risk management functions. Prior to joining Prescott, Abney served as the CFO for various companies, including Dallas-based American Realty Investors, Inc. and its privately owned advisor, Prime Income Asset Management, as well as Konover and Associates. He also held the positions of chief accounting officer for CRT Properties, and senior financial positions with Lincoln Property Company and Security Capital Atlantic Incorporated/Archstone Communities. Abney is a member of the American Institute of Certified Public Accountants (AICPA) and received a Bachelor of Business Administration with an emphasis in Accounting from Florida Atlantic University.

RICHIE BUTLER

Senior Managing Director

Contact Info

Office: 214.292.3744

Email: rbutler@prescottgroup.com

RICHIE BUTLER

Senior Managing Director

Richie Butler joined Prescott Group in 2013 and serves as the firm's senior managing director and is responsible for growing Prescott's base of institutional investors while leading the firm's fundraising strategy and capital market relationships. With extensive experience in real estate development, finance and institutional fund management, he has originated and developed more than $500 million in urban development activity. Prior to Prescott, Butler served as senior vice president at CityView and has served as a managing partner for Solomon Partners, a boutique urban real estate development and consulting company. Butler serves on the board of Children's Medical Center of Dallas where he chairs the Facilities and Technology Committee as well as the board of Trustees of Southern Methodist University. Butler holds degrees from Southern Methodist University and Harvard University, completed extended studies at Massachusetts Institute of Technology in Urban Planning, and was a Ford Foundation Fellow.

BRIAN LESLIE

Managing Director

Contact Info

Office: 214.292.3758

Email: bleslie@prescottgroup.com

BRIAN LESLIE

Managing Director

Brian Leslie joined Prescott Group in 2002 and is a principal of the firm. Leslie is responsible for asset management, development management, acquisitions, public-private partnerships and dispositions. During his tenure at Prescott, he has successfully led and managed the assemblage of a 20-acre urban area for redevelopment into a mixed-use, transit-oriented master plan, served as the development manager for the renovation and redevelopment of a historic hotel, and was responsible for the repositioning of office assets among other initiatives. He has used his leadership on special projects such as the successful registration of a historic hotel on the National Register of Historic Places and worked with the city of Dallas to create one of the first Transit Oriented Development (TOD) Tax Increment Financing (TIF) Districts. Leslie holds a Bachelor of Science in Structural Engineering as well as a Masters of Business Administration from The University of Texas.

DAVE DIERKES

Senior Director

Contact Info

Office: 214.269.7833

Email: ddierkes@prescottgroup.com

DAVE DIERKES

Senior Director

David Dierkes joined Prescott Group in 2008. And as a senior director, he is responsible for design and construction team management of multi-family projects. Dierkes has managed the development of more than 1,000 units including mixed-use podium apartments, mixed-use wrap apartments, and garden apartments. Prior to joining Prescott Group, Dierkes was a project manager at Gromatzky, Dupree & Associates, where he was responsible for more than $300 million of multi-family and mixed-use projects in Dallas, Irving and Houston. Dierkes is a registered architect in the state of Texas and earned a Bachelor of Environmental Design and a Master of Architecture from Texas A&M University.

KATHY SCHNEEBERG

Director of Human Resources

Contact Info

Office: 214.269.4242

Email: kschneeberg@prescottgroup.com

KATHY SCHNEEBERG

Director of Human Resources

Kathy Schneeberg joined Prescott Group in 2014 and is a certified Professional in Human Resources. As Director of Human Resources for Prescott Group and Dyck O'Neal, Inc., her responsibilities include overseeing employee relations, benefits administration, recruiting, program and policy management and employee development. Prior to joining Prescott Group, Kathy worked as a Senior Advisor of Human Resources for Dell, Inc. and Credant Technologies, Inc. in the software technology industry. She earned an Associate of Art in Business Administration from Del Mar College.

ALLISON KELLY

Analyst

Contact Info

Office:

Email:

ALLISON KELLY

Analyst

Allison Kelly joined Prescott Group in 2014 and as an analyst, her responsibilities include performing financial and market analysis, underwriting, due diligence and assisting with the the asset management of office properties. Prior to joining Prescott Group, Allison was an analyst at Goldman Sachs in the Realty Management Division where she primarily assisted in the asset management of retail and multi-family properties. She also held a role in the legal department while at Goldman as a derivative documentation analyst. She earned a Bachelor of Business Administration in Finance from Texas A&M University.

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