Key facts
- Victor Padilla has been appointed co-CEO of HIC Land, working alongside founder Stefan Hoyer.
- Padilla has been with HIC Land for over a decade, most recently serving as director of operations.
- HIC Land operates in eight states and has over $300 million in total investments.
- The company controls more than 48,000 lots for development.
- HIC Land is expanding its focus to larger-scale, master-planned communities.
HIC Land, a real estate investment and asset management company based in South Carolina, has appointed Victor Padilla as co-CEO, a role he will share with founder Stefan Hoyer. This leadership transition aims to position the company for future growth, particularly in master-planned communities.
Padilla, who was Hoyer's first hire at HIC Land over a decade ago, has progressed from director of operations to his current co-CEO position. His responsibilities have encompassed acquisitions, dispositions, financing, personnel management, and strategic growth. The company stated that his extensive experience provides him with a deep understanding of HIC Land's operations, investment strategy, partners, and markets.
Hoyer, who established HIC Land in 2008, will continue to be involved as co-CEO, maintaining relationships with homebuilders, landowners, and investors. The expanded leadership is intended to enhance client and partner access to senior management, facilitate quicker decision-making, and improve service levels.
HIC Land operates across eight states, managing over $300 million in investments and controlling more than 48,000 lots. The company's core business involves land development, including the installation of infrastructure and delivery of finished lots to homebuilders. Additionally, HIC Land owns or controls land for over 7,500 multifamily units and 700 acres of commercial property, which are part of its long-term development strategy. The company is shifting its focus from smaller subdivisions to larger, master-planned communities that integrate residential, retail, commercial, and recreational elements.