Real Estate Veteran Jimmy Flowers to Direct Groundworks’ Rapidly Growing Commercial Property Portfolio
October 26, 2020
Virginia Beach, VA - Groundworks Companies®, the nation’s largest privately held foundation services company, today announced that Jimmy Flowers has been hired as Director of Real Estate. Jimmy has collaborated with Groundworks for years prior, having served as a Partner at Succession Capital Partners since 2009.
“Though the title is new, formally joining Groundworks was a long time coming. I have been working with the company since the beginning and have been amazed at the growth we have accomplished together,” stated Jimmy Flowers. “Together, we realize that our growth is accelerating at a rate that calls for me dedicating even more time to the real estate and facility needs of the organization. I am excited to further incorporate data and metrics with our facilities and make intelligent decisions for long term growth as we scale.”
Jimmy has demonstrated a mastery of commercial real estate while serving as a Partner at Succession Capital Partners. He has also held the role of President at Flowers Capital Holdings, a commercial real estate advisory and consultancy firm. Prior to Flowers Capital Holdings, Jimmy served as Managing Director of Chicago-based TARIS Real Estate LLC, a development company specializing in ground-up and value-add projects. He is the Founder and President of Carolina Income Property Group LLC based in Charlotte, N.C, where he was responsible for originating, developing, managing and exiting real-estate investments. His projects included Morrison Plantation, a 500-acre mixed-use development in excess of 1,200,000 of commercial-and-retail spaces and more than 500 single and multi-family homes. He began his real estate career with Childress Klein Properties, with a focus on marketing and leasing investment properties for retailers and regional name brands throughout the Southeast.
Jimmy graduated Phi Sigma Tau from Wheaton College, where he earned his bachelor’s degree in Philosophy and continued on to obtain his Master of Science in Real Estate Finance and Development from the University of North Carolina, Charlotte. He is widely recognized as an expert in the disciplines of commercial and investment real estate, holding membership with CRCBR, ULI, and ICSC; he maintains his status as a Certified Commercial Investment Member (CCIM).
“The record-breaking growth we have seen in the last few years made it clear that we should formally bring Jimmy aboard the Groundworks Team. He has been critical in our expansion to this point but given our forecasted growth, his expertise is going to be critical. As we come close to reaching 50 locations and spanning from coast to coast, the facilities in which we entrust our teams become even more important. Having an expert like Jimmy leading this area of growth provides us a strategic advantage over others in our industry,” stated Mike Irby, President of Groundworks.
A North Carolina native, Jimmy continues to reside in Charlotte, NC with his wife and three teenage children, aged 16 through 18 and is an avid hunter and fisherman. Jimmy looks forward to spending time in each of our markets and ensuring Groundworks facilities are prepared for our continued growth.
Groundworks® is the nation’s largest privately held foundation services company. Headquartered in Virginia Beach, VA, the company provides foundation repair, basement waterproofing, crawl space repair and encapsulation, and concrete lifting. Groundworks is comprised of AFS Foundation & Waterproofing Specialists™, Complete Basement Systems®, Florida Foundation Authority™, Foundation Recovery Systems™, Foundation Repair of Western Colorado™, Foundation Systems of Michigan, Indiana Foundation Service™, Innovative Basement Authority™, JES Foundation Repair™, Mount Valley Foundation Services®, Ohio Basement Authority™, Ohio Basement Systems™, Tar Heel Basement Systems®, A-1 Sewer & Drain™, Independence Materials Group™ and Bizwiz Software™. Since 1986, the combined companies have helped nearly 1 million homeowners protect and repair their most valuable asset, their home. Groundworks operates over 30 offices that serve Alabama, Arkansas, Colorado, Florida, Georgia, Indiana, Illinois, Iowa, Kansas, Maryland, Minneapolis, Missouri, Mississippi, Montana, Nebraska, North Carolina, North Dakota, Ohio, South Carolina, Tennessee, Virginia, West Virginia and Wisconsin. The company has been named numerous times to the Inc. 5000 Fastest Growing Companies, BBB integrity award and Best Places to Work. For more information, visit https://www.GroundworksCompanies.com.
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