Eola Capital is one of the largest privately held real estate investment firms in the Eastern United States with more than 16.1-million-square-feet of commercial office space. Based in Orlando with regional offices in Atlanta, Charlotte, Jacksonville, Miami, New York City and Tampa, Eola Capital acquires real estate investments that achieve above-average, risk-adjusted returns for its investment partners.
Jim Heistand founded Eola Capital in 1999 following the sale of his first company, Associated Capital Properties, Inc. and its 6.8-million-square-foot portfolio. After combining members of senior management and personnel from the former Associated Capital Properties, Inc., Eola Capital was established. In its first five years, Eola Capital significantly expanded its portfolio by acquiring properties in Jacksonville, South Florida, Atlanta, Charlotte and Tampa. In September 2009, Eola Capital almost doubled its size after it acquired a portfolio of properties totaling 7.6-million-square-feet of commercial office space and valued at $1.1 billion from America's Capital Partners, making it one of the largest privately held real estate investment firms in the Eastern United States.
Eola Capital's business strategy to create above-average, risk-adjusted returns for investors is achieved through a combination of current yield and future appreciation, while protecting pricing and the execution of the specific business objectives for each asset. The organization's longstanding investor relationships and financial strength promote readiness when opportunities arise. Eola Capital's success comes from a well-defined business plan, seamless integration of on-site leasing and management, local hands-on investment and the alignment of interest to investors.