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.
2013
Acquired Dyck-O'Neal debt servicing and restructuring platform founded in 1988.
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.
Founded Prescott Advisors fund investment manager.
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.
2019
Announced On Behalf Of Prescott Advisors, The Closing Of Prescott Strategies Fund I, At $63.4 Million Of Commitments
2021
Prescott Group added Juneteenth as a company holiday to foster education, reflection, and action toward racial equity; and to demonstrate our commitment to creating a more inclusive environment for all employees.
2021
Completed Capital Deployment in PSF I
Hosted First Close in Successor Fund - PSF II
2023
Hosted Final Close in PSF II - $129.2 million of Commitments
2024
Launched Strategic JV CIS Lithium
