About Us

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.

2016

Acquired and commenced the redevelopment of Westview, a 100,000 SF class A office building near the Texas State Capitol in Austin, TX. Sold the Walnut Glen Tower, an 18-story / 465,000 SF class A office building in Dallas, TX near Presbyterian Hospital.

2017

Sold partnership interest in the Chenal Pointe at the Divide, a 260 unit class A apartment property nestled between Chenal Parkway and Pinnacle Mountain State Park in Little Rock, AR. Acquired 3100 Monticello, an architecturally distinct 9-story / 175,000 SF class A office building in Dallas, TX adjacent to the famed Katy Trail and with quick access to Central Expressway.

1996
1998
1999
2000
2003
2006
2007
2009
2010
2012
2013
2014
2015
2016
2017