Eola Capital
Jim Heistand founded Eola Capital in 1999 by combining members of senior management and personnel from the former Associated Capital Properties. 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. 

With more than 16.3-million-square-feet of commercial office space, Eola Capital is 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.

Associated Capital Properties, Inc. (ACP)
Jim began Associated Capital Properties, Inc. as its sole founding member in Orlando in 1989. He subsequently expanded to Jacksonville in 1993, South Florida in 1994, and Tampa in 1995. In 1997, he sold ACP and its 6.8 million square foot portfolio to Highwoods Properties, a publicly traded REIT, for $622 million. Jim served on the Board of Directors of Highwoods and its Investment Committee until June 2000.

DASCO Companies
Besides forming Eola Capital in 1999, Mr. Heistand acquired a controlling interest in DASCO Companies, a national medical office building development company based in West Palm Beach, Florida. Upon acquisition, DASCO was a development company shell with no assets other than its staff and a list of potential development opportunities. By August 2004, DASCO owned 28 buildings and was sold along with its portfolio to CNL for $241 million.