Pulliam Investment Co., Inc. (“PIC”) is a Spartanburg, South Carolina based real estate investment, development and management firm. The company was founded in 1970 as Pulliam Enterprises. Since that time, PIC has been involved in the acquisition, development, management and syndication of office buildings, apartment complexes, retirement communities, and shopping centers. PIC acts as management agency for many of its properties, as well as properties for outside clients. The company and its principals have developed approximately one half billion dollars of real estate for itself and various clients.
The major focus of development projects for PIC in the past twenty-five years has been in the area of elderly and multi-family housing. In addition to acquiring existing retirement centers including Skylyn Place in Spartanburg, Countryside Village in Easley, the Albemarle in Tarboro, North Carolina, Greenville Glen in Greenville, South Carolina, Brookside Glen in Columbus, Georgia, Dillon Pointe in Spartanburg, South Carolina, and the Homestead in Winston Salem, North Carolina, Pulliam has developed a series of free standing assisted living facilities in North and South Carolina.
These include 66 bed prototype projects knows as Summit Place developed in Aiken, Easley, Rock Hill, Columbia and Greenwood, South Carolina; and Statesville, Kings Mountain, Concord and Mooresville, North Carolina. Other locations developed include Beaufort, North Myrtle Beach and Anderson South Carolina and Tryon, North Carolina. As the developer, PIC is responsible for all facets of the project including market selection, site selection, architectural oversight, construction coordination, permitting and licensing. These elderly housing projects represent an investment of close to $200,000,000.
Another special area of concentration of PIC has been the development of projects for public private clients. PIC acts as the developer, coordinating every facet of the project. This includes preparing the proposal package coordinating the efforts of the entire team, including underwriters, contractors, and support professionals, and delivering a turn-key project. Projects completed by PIC under this scenario include the 54,000 square foot headquarters for the Adjutant General in Columbia , South Carolina, a 116,000 square foot Administrative Office Complex for the County of Spartanburg; and a 63,000 square foot medical office building in conjunction with the Spartanburg Regional Medical Center. PIC, in August 1992, completed a 600 bed; $15 million dormitory leased to the Commonwealth of Kentucky for Northern Kentucky University, just south of Cincinnati, Ohio.
National clients who have leased space from PIC through its commercial division include the State of South Carolina, NationsBank, Duke Power, BellSouth Telecommunications, Flagstar, Spartanburg Regional Medical Center, Clemson University, Kohler Company, BB&T, Denny’s Restaurants, T2 Medical, Liberty Mutual, Spartan Mills, and Crawford & Company. PIC has managed and/or developed a portfolio of over 3,000 multi-family units and numerous office buildings and commercial developments. The most recent apartment communities developed by PIC are Fox Run Apartments in Camden, South Carolina (120 Units) and The Shores at Elder’s Pond Apartments in northeast Columbia, South Carolina. Both of these Class
A Properties achieved the initial fill up ahead of projections. Each also owns additional land to accommodate expansion via phase two.
Although PIC offers a wide spectrum of real estate services, its main area of expertise lies in the development, leasing, and management of office buildings, multi-family housing and retirement centers. Additional capabilities and experience range from the complete development of major projects of all types from the ground up, to large renovation and rehabilitation jobs, management of every type of commercial property, and further extends to the syndication of complex financing arena of development.
John L. Easterling
President / CEO
Norman F. Pulliam
Rhonda W. Tobias
Vice-President of Finance