75 Years of Sealy & Company
Over the company’s 75-year history, the Sealy family has developed extensive contacts and forged strong relationships within many of the key industrial markets in the Southwestern and Southeastern United States.
Sealy Realty Company, Inc was founded by J. Pollard Sealy, Sr. The company’s primary activity was in the subdivision of land and the sale of lots for residential development.
J. Pollard Sealy, Jr. succeeded his father after returning from serving in the Army during the war and put his banking background to work, expanded the early endeavors of Sealy Realty into general real estate brokerage, appraisals, and third party management.
Mr. Sealy left residential brokerage to work in commercial, industrial, office, and multi-family investment properties. He created the buying strategy to purchase under-rented, multi-tenant assets in select southeastern markets at a discount to replacement cost.
Sealy Realty was the local developer for ShreveCity shopping center and was the broker responsible for syndicating deals to assemble acreage for the Western Electric Plant site (now AT&T) in addition to growing its real estate investment portfolio.
Scott P. Sealy, Sr, J. Pollard Sealy, Jr’s son, joined the firm. Shortly thereafter, Sealy sold its first large portfolio of properties.
The firm's footprint had broadened throughout the Southeastern and Southwest United States in commercial/industrial investment and property management. Sealy had accumulated a 3.9 million SF portfolio using its defined strategy and the expanding capital base of its friends and family relationships.
Mark P. Sealy (J. Pollard Sealy, Jr.’s other son) also joined the firm. With this addition, the firm began refining its real estate investment and operating focus, placing emphasis on industrial real estate properties.
Sealy executed the acquisition and disposition of a 3.9 million square foot portfolio of assets, one of the Southeast's largest industrial property sales in 1986, and harvested the proceeds to re-invest with their proven buying strategy. 1986 proved to be a record year for Sealy.
Over the past decade, Sealy had accumulated a 5.6 million square foot portfolio of properties. In the company’s most significant disposition to this point, Sealy sold a 66-property, 4.7 million square foot portfolio in Dallas, Houston, and New Orleans to First Industrial in a UPREIT structured transaction.
Scott P. Sealy, Jr. and Michael P. Sealy, sons of Scott P. Sealy Sr., joined the firm. The firm expands the platform of services by establishing the following: dedicated regional offices in Nashville, San Antonio, and Atlanta, a development and construction division, a strategic leasing platform, and more efficient investment underwriting.
Utilizing their proven strategy and market knowledge of when to buy and sell throughout the real estate cycles, Sealy executed $1.36 Billion in transaction volume from 2001-2017, culminated by two tranches of dispositions in 2006 & 2007 totaling over 7 million SF.
After many years of realizing success utilizing Sealy's traditional investment structures, the company launched the first investment structure to create efficiencies in capital management, acquisitions volume, and management practices while focusing on delivering returns. This evolution in investment structures stays true to the company's innovative and entrepreneurial heritage.
Lauren Sealy Pettiette joins the family business taking on the roles of increased operational documentation, enhancing company culture, and driving continuing education.
As Sealy continues to execute its investment strategy and expand its pool of assets throughout the Southeast, the company begins implementing an additional layer of managing risk. These enhancements allow Sealy to improve operational efficiencies, streamline business processes, and increase the speed of investments.
Sealy sells a significant portion of its portfolio, encompassing over 16 million square feet and $908 million. This disposition includes 106 industrial buildings across 16 markets and is the largest in company history. Managing broker-dealer partnerships are made with tenured professionals who offer extensive expertise. The scale at which Sealy continues to invest and grow its portfolios leads the company into new territory, and industry recognition ensues. Sealy is recognized as a Great Place to Work and an Influencer in Industrial Real Estate (Globe St.).
Sealy stays in the family way with the addition of two more fourth-generation employees. Mary Megan Sealy and Jonathon Sealy join the team to continue the company’s real estate tradition and contribute to Sealy’s recertification as a Great Place to Work. Sealy thrives as it opens new doors entering several new markets this year with record-making acquisitions. 2020 is a record year for transactions with over $400 million investment volume despite the economic downturn due to the COVID-19 pandemic.
Founded in 1946, Sealy & Company has a rich history within the industrial real estate sector. The year 2021 marks 75 years of successfully navigating various economic environments and consistently delivering superior real estate strategies and results. In honor of its 75th Anniversary, Sealy releases a fresh new look, celebrating the modern progress it’s made while paying homage to its historical roots.