Vintage Equities, L.P., owned by Randy Heady and various family members, was formed in 1988 for the purpose of investing in cash flowing businesses and for providing equity for unusually high returns due to the tremendous lack of equity and investment capital in the Texas market in the late 1980's and the early 1990's. Subsequently, the company expanded its investment parameters to include the purchase of the first lien real estate notes on income producing property, residential subdivision investments, and commercial real estate developments.
In 1995, Vintage Equities, L.P. developed a 50,000 square foot Oshman's and an adjoining 24,000 square foot build-to-suit for OfficeMax. The leases were terms of twenty years and fifteen years, respectively.
Both buildings were successfully sold to a publicly held REIT out of Southern Florida.
Both projects were built well under budget and within the time frame originally estimated. Both tenants were moved in on a timely basis. As a matter of fact, OfficeMax has requested that Vintage build additional buildings for them. Noal Solomon, head of real estate for OfficeMax, stated they "find very few developers who do everything they say they will do."
Since then, Vintage Equities, L.P. has developed and sold another OfficeMax at the intersection of Greenville Avenue and LBJ Freeway in Dallas, and has completed construction of Parkway Centre III, Phase III of its four-phase office complex on the Dallas North Tollway, just north of Bush Freeway.