Boyle Talks: Boyle Announces Matt Hayden as President & CEO

Gary: I’m Gary Thompson and welcome to another edition of Boyle Talks. Today, we’ll be talking with Matt Hayden who is currently our CFO, but this is going to be a very special episode of Boyle Talks. We’re here to announce today that Matt is not our CFO, now he is our president and CEO of Boyle Investment Company. Congratulations, Matt!

Matt: Thank you Gary. I’m just humbled and honored for this promotion. I’ve been at the company for a little over eight years, and it’s just been a great company to work for and I’m super excited…and like I said, humbled and honored to be here.

Gary: You’re the first non-family member to be the president of Boyle in our, almost, 90-year history. So this is a big deal!

Matt: I’m very honored to be here and in my career I started out at Ernst & Young here in Memphis, now known as EY. I started that in 2000 and worked on audits and in a number of industries–primarily financial institutions and banks — and actually worked on the Boyle audit at the time. I spent three years there and had a really good experience, but left the public accounting world and went into investment banking with Morgan Keegan. Morgan Keegan was a great experience. I spent nine years there. In the investment banking world I was doing merger and acquisition advisory, primarily in financial services, transportation logistics, and a little bit of real estate. I gained a lot of experience in different companies. But after nine years there, I left and went to Wunderlich Securities, another Memphis firm, spent two years there until 2014 when I joined Boyle.

Gary: It has sort of been a whirlwind since you got here. You replaced our old CFO, who was legendary. Big shoes to fill, but you just came in and fit right in. Tell us about what all has happened since you got here and the things that you’ve done.

Matt: Charles Claiborne, who was our CFO for 35+ years, was looking to retire, so he set out to find a replacement and luckily I happened to be at the right place at the right time and had the opportunity to join Boyle. I joined as deputy treasurer. We had a couple of major projects to undertake at the time, one being putting in a new accounting and financial system and a property management system. At the time, we had two different systems. One was for our accounting and one was for property management. So we switched to what is known as Yardi Systems and are still with that today.

Gary: You came in and made a big difference in our accounting department and our sales and leasing department. You work not only with our Memphis office, but also our Nashville office–which has grown precipitously in 20 years.

Matt: Absolutely!

Gary: You’ve been a part of that almost for half that.

Matt: Charles was extremely gracious in that he stayed here for over five years. This was not a short term transition. We called it long-term transition. He basically, over time, transitioned a lot of the CFO duties to me. But one of the things I learned in investment banking was that I love deals and transactions. So, getting back into that world was exciting, and I started helping our Memphis and Nashville teams on development projects and major leasing transactions. We also have a Midsouth Capital Fund, and I started analyzing things on that. We made five property acquisitions, two dispositions and one spin out. Actually three dispositions. Just getting back in the deal world was interesting to me. It was something I thought I would miss, but it happened to be that we have a lot going on here… as you know.

Gary: You mentioned that you’re hiring in your position here at Boyle was part of a succession plan. And that’s been going on the entire time you’ve been with the company. Your promotion is also part of the continuing succession plan as the family members get older, as the company presidents and senior vice president executives… all of that group is getting older. Tell us, you know, the company is now moving into almost its 90th anniversary next year. Where do you see the company going? What are your plans for the future? Give us your vision as the new CEO and president.

Matt: It’s very important, this is a huge milestone…90 years. I kind of set sites to 100 years in 2030. As part of this transition, our accounting team is in great hands. We have a nearly 40 year employee, Debbie Shelton, and a new hire that we hired last year, Bo Lessley, who has been here approximately a year. It’s in great hands in our accounting group. So, I think my future role will be to work with the Boyle and Morgan families to analyze how we allocate capital, the markets that we’re in in Memphis and Nashville, new property acquisitions, property dispositions, loan refinancing, and just really setting part of the strategic vision for the future–which I don’t think is a huge change from what we’ve been doing for 90 years.

Gary: Right!

Matt: It’s just about keeping up with the current times, the changes in the real estate markets. One of the things we’ve seen in Nashville is that most of these projects are large, mixed-use, very complex projects. They’re not as simple as they’ve been in the past, so it’s just about analyzing this and determining where we want to invest dollars in the future and how to grow stronger over the next ten years as we reach 100 years old.

Gary: The Boyle family and the Morgan family have been around for a long time. Their roots go all the way back to the formation of Memphis and Overton. They’ve been a great corporate citizen. Sounds like the future is really bright for us to continue to be a great business here in Memphis and our expansion in Nashville. We just want to be community players. Can you speak to that issue a little bit?

Matt: Absolutely! What I would say is, the Memphis history goes back over 90 years, but in Nashville we’ve had an office for a little over 20 years and they’ve carefully selected the markets they’ve gone into. We’ve got an excellent team there and they’ve had a major, positive impact on that community–just as Boyle has over the last 90 years and into the future. So it’s very important for us to maintain that. We’re not passive real estate investors. We like to touch and feel and know the communities and properties that we’re investing in, and that’s an important part of the culture here. I think that’s why we have such long-term employees and people that really like being here.

Gary: Right, because we own properties. We invest and then own them and maintain them and lease them and rent them for long periods of time. Which is a little different than traditional, particularly more in the Nashville market, than Memphis. But, ownership mentality is something that we bring to every project that we work on.

Matt: That is correct. Whether we’re a third-party manager or we own one hundred percent of a particular building or asset, we take pride in knowing and treating it like it’s ours. We don’t want to impact communities in a negative way at all. We always want to have a positive impact and that’s something that has been done here in Memphis for 90+ years and has been done in Nashville for over 20. We want to continue to do that going forward.

Gary: I know one of the reasons why I like working here and why I have been here as long as I have is because the family has such integrity. They want to do the right thing. They always want their employees to do the right thing. Just to treat people nice and properly. That’s going to continue.

Matt: It absolutely will. One of the things I’ll be doing is working closely with Paul, Henry Morgan Jr., Bayard Morgan, and their fathers, of course. This culture has been something that withstood a long period of time. That’s why we have such longtime employees, and that’s something we definitely want to continue. This is a great honor for me. I want to continue to do what I’m doing. I don’t see the culture of the company changing at all. I see us just trying to continue that in the future the best way we can.

Gary: Matt, thank you for joining me today on Boyle Talks. This is exciting news, and congratulations on your new promotion. I can’t wait to see where you take the company, and I think it’s only bright days ahead.

Matt: Thanks so much, Gary! I really appreciate it.

Gary: You bet, and thank you for joining us today on another episode of Boyle Talks.

 

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The Best Tips For Seniors Who Are Looking To Make A Move

Boyle has been developing residential neighborhoods for 84 years and knows that finding the perfect home begins with finding the perfect neighborhood.  We have a variety of neighborhoods throughout the greater Memphis area that are ideal for seniors with smaller yards requiring less maintenance.  Once you’ve found your new home, here are some tips for getting ready for the move.

Photo via Pixabay by Jill111

If you’re thinking about making a move, you probably already know how overwhelming it can be. There’s a lot of planning to be done, as well as financial considerations and thinking about what sort of home will be right for you as you enter your golden years. If you’re downsizing, you might be feeling stressed at the thought of going through and paring down your belongings. However, with the right preparations, you can find the perfect home and make the move with as little stress as possible.

Here are some of the best tips for making a move as a senior.

Make a plan

The planning stage is one of the most important things you’ll go through when you’re thinking of buying or renting a new home. You’ll want to take into account your financial needs and what you’re able to do, how much help you’ll need for the actual physical move, and what sort of home is right for you. For instance, if your current home has stairs or is too large for you to take care of, you’ll want to consider downsizing.

Consider looking for help

Moving is a big process. It might be beneficial to you to find a real estate agent who can help you narrow down the search field when you’re ready to start looking, and they can also help you find financial assistance if you qualify. Many states offer assistance to seniors who fall in a certain financial bracket.

Pare down

Even if you’re not necessarily thinking about going smaller, it’s a good idea to go through your belongings before you begin packing and organize them according to what you want to keep, what you want to donate, and what you want to throw away. It can be difficult to give up certain items, especially if they hold sentimental value, but you can find ways to keep those memories without having them take up room in the new home. For instance, if you have several photo albums taking up room on your shelves, consider scanning them and putting them on a thumb drive for use in a digital picture frame, or simply upload them onto your computer.

Pack well

It’s important to pack smartly after you finally find the perfect home. Make sure you have a good selection of different-sized boxes and start in one area to keep like items together. It’s also a good idea to have a packing list that you can tape on the outside of each box to make unpacking–and locating items once you’re moved in–easier.

Finding a new home doesn’t have to be overwhelming and stressful. With a little help and some planning, you can find the right one for you, and as painlessly as possible.

Author: Jim Vogel

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2016 Multifamily Review & Forecast

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Historical Concepts Book Signing in Franklin

Our very own Berry Farms Town Architect, Historical Concepts, a Georgia-based architecture firm famous for southern vernacular architecture with historical precedent, will be in Franklin on May 3rd to sign copies of their new book, Coming Home: The Southern Vernacular House.

The event will be hosted by Redo Home & Design, on the Franklin Square, on May 3rd from 6 to 9 p.m.

The book signing will take place during the Franklin Art Scene, a monthly “art crawl” event that event that includes tours of more than 30 galleries and working studios throughout downtown Franklin. Redo Home & Design is located at 300 Public Square adjacent to various participating art galleries.

Kevin Clark, from Historical Concepts, will answer attendee questions about how to continue Tennessee architectural traditions, while simultaneously designing and building homes that accommodate the needs of today’s 21st-century homeowners in communities such as Berry Farms. Attendance will be free for the public, and books may be purchased on site to be signed and personalized.

We hope to see you all there!

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Boyle Sells Ten Lots to New Builder Group and Construction to Commence at the Village at Spring Creek Ranch in the Collierville Reserve

Boyle Investment Company (Boyle) has sold ten lots at Spring Creek Ranch to a newly formed builder group and construction soon will commence on the next phase of development at The Village at Spring Creek Ranch.  Boyle anticipates five to six starts in March 2013, and the homes should be ready for occupancy by mid-summer.  The lots are located within the reserve area of Collierville on the 168 acres purchased by Boyle in November 2012 from the Meyer family, which owns Spring Creek Ranch Golf Course.  The new homes will be priced from $385,000 to $

425,000 and the builders are pre-selling now, with two homes already sold.

The new builder group for the Village at Spring Creek Ranch includes the following: Marty Smith, Artisan Custom Homes; Mark McGuire and John Worley, Celtic Manor Homes; Chris Dickens, Dickens & Associates; Ryan Anderson, RKA Investments; and Ron Sklar and Scott Klazmer, Klazmer/Sklar Homes.

“We are excited about this new builder group, which will offer homebuyers a variety of home plans and price points,” said Gary Thompson, Vice President of Boyle.  “These ten lots in The Village at Spring Creek Ranch represent the first group of new lots to come online in quite some time.  This is the first of what we hope will be multiple phases of construction as we develop a total of 340 lots in phases over the next decade.   Homes are selling quickly in The Village from the high $300,000s to $430,000 and in The Manor from the mid-$400,000s to $550,000.   We anticipate delivering new home sites in the Manor area in late summer or early fall.  As the market improves, we hope to continue with the implementation of the overall master plan for Spring Creek Ranch, which has been in place for a number of years.”

In addition, Boyle has ten lots in the private and gated Grand Manor, which provides residents with estate-sized lots with prime views of the golf course and scenic Chinquapin Lake.  These lots are available to individuals wishing to build custom homes.  Home prices in The Grand Manor range from the high $600,000s to $1,000,000 plus.

Spring Creek Ranch is the upscale, master-planned community off Raleigh-LaGrange Road in the Collierville rural preserve area adjacent to the Jack Nicklaus Signature Golf Course of the same name.  Offering stunning vistas and unique home sites, the Spring Creek Ranch residential community reflects the excellence of the course.

Boyle was selected by the Meyer family in 2006 to develop the residential community surrounding the golf course, and Spring Creek Ranch was the site of the 2007 Vesta Home Show held by the Memphis Area Home Builder Association (MAHBA).  MAHBA achieved a record never before achieved in Vesta Home Show history, selling all seven homes prior to the opening of the show in April 2007.

“We always have thought that the area just inside the future perimeter beltway (Hwy 385 and future I-269) is the high-growth area for Shelby County,” says Gary Thompson, Vice President of Boyle.  “It is our intention to carry on the development of Spring Creek Ranch using the same master plan, as well as the high-quality, that were both established early on at this upscale community.  With the beltway nearing completion, Spring Creek Ranch is ideally located inside the loop and close to Collierville public schools, including Collierville Middle School, Houston High School, and Tara Oaks Elementary, as well as the campuses of Briarcrest High School and St. George’s.”

Boyle began development of Spring Creek Ranch in 2007 with three different areas, including The Grand Manor, The Manor, and The Village, each offering low county-only taxes in the Collierville reserve area. The Village at Spring Creek Ranch offers low-maintenance ease in close proximity to the development’s swim club and tennis complex. The Manor offers slightly larger lots with captivating views and rolling terrain and stately mature trees. The private and gated Grand Manor provides residents with estate-sized lots with prime views of the golf course and scenic Chinquapin Lake. When completed, the conservation community will be linked with miles of natural trails and walking paths in a beautiful serene setting unlike anything else in the region.  The community already offers a wide array of neighborhood amenities including walking trails through the neighborhood and around the 8.5-acre lake, tennis courts, and a swimming pool with cabanas.

Homes are selling quickly in the Village from the high $300,000s to $500,000 and in the Manor from the $400,000s to $650,000 and in the Grand Manor from the high $600,000s to $1,000,000 plus.  In addition to the newly released lots in the Village, additional lots are available for custom homes in the Grand Manor.

Founded in 1933, Boyle Investment Company is one of Memphis’ oldest real estate development, management, sales and leasing firms specializing in commercial and residential properties.

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What’s New at Berry Farms (besides streets, entry signage, and 5 homes sold!)

Phase I of Berry Farms, Boyle’s new 604-acre mixed-use community in Franklin, Tennessee, is well underway and includes 70,000 square feet of retail space, 11 commercial lots, and Hughes Mill at Berry Farms, the community’s first residential neighborhood.

Hughes Mill includes 53 residential lots and offers a broad range of opportunities. There is truly something for everyone at Berry Farms. Home options include townhomes, cottage homes (perfect for first time home buyers and empty nesters), village homes (larger, more traditional 1 and 2 story homes), and custom homes on the largest lots available. Amenities include parks and community green space with walking trails, a community garden, and a neighborhood pool and pool house called The Plunge.

We are proud to include the following residential builders to the Berry Farms team:

Regent Homes – townhomes, 615-333-9000

Celebration Homes – cottage and village homes, 615-533-3213

Ford Custom Classic Homes – cottage and village homes, 615-503-9727

Gregg & Rains Building Group – custom homes, 615-807-1012

All are local Middle Tennessee builders who are producing high-quality homes for Berry Farms in keeping with our historical Franklin look and feel, but with modern amenities. The builders are also selling the homes themselves, so please contact them with any questions, or to see floorplans.

Construction on the homes is starting within the next few weeks, and they are scheduled for completion in January 2013. We are also excited to announce that 5 homes have already been sold!

The commercial portion of Phase I will include retail shops, restaurants, banks, and services to meet the needs of the community in a vibrant, unique setting. Commercial lots are now available for sale or lease. Completed commercial space will be delivered in January 2013 so that new residents will have plenty of amenities upon moving into Berry Farms!

Berry Farms resources: Vision Book and Website

For more information, please contact Shelby Larkin with Boyle Investment Company at 615-550-5577 or slarkin@boyle.com.

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Gallatin Taps Boyle Investment Co. to Transform Downtown

March 11, 2024

The city of Gallatin is partnering with a prominent Tennessee developer to transform its downtown.   Gallatin, Tenn. (3/11/2024) –Boyle Investment Co. has been tapped by city officials to redevelop Gallatin’s downtown square and create a new city hall. “Gallatin’s downtown square is a premier destination for both residents and visitors, embodying the heartbeat of our […]

Adam Ballash Named Partner At Boyle Investment Company

March 06, 2024

After 16 years as the development manager who brought some of Middle Tennessee’s most celebrated mixed-use destinations to life, Boyle Investment Company has named Adam Ballash as partner. “Adam has always had a passion for creating great places, and he’s really invested himself in his craft and his community,” said Boyle Nashville Managing Partner Phil […]

Lot 53 at Wynstone Mill SOLD!

Lot 53 market home at Wynstone Mill at Schilling Farms SOLD to the Cummins family!! Home will be finished in August!

Recent News

Blue Sushi Sake Grill Expands in Nashville Market with Opening of Franklin, Tennessee Location

March 25, 2024

Restaurant and cocktail bar concept by Omaha’s Flagship Restaurant Group is currently the country’s largest sushi restaurant group running a sustainably sourced seafood program in partnership with the prestigious Monterey Bay Aquarium Seafood Watch. Franklin location marks concept’s second foray in the Nashville market and restaurant group’s 45th opening.   NASHVILLE, TENNESSEE – MARCH 25, 2024 […]

Gallatin Taps Boyle Investment Co. to Transform Downtown

March 11, 2024

The city of Gallatin is partnering with a prominent Tennessee developer to transform its downtown.   Gallatin, Tenn. (3/11/2024) –Boyle Investment Co. has been tapped by city officials to redevelop Gallatin’s downtown square and create a new city hall. “Gallatin’s downtown square is a premier destination for both residents and visitors, embodying the heartbeat of our […]

Adam Ballash Named Partner At Boyle Investment Company

March 06, 2024

After 16 years as the development manager who brought some of Middle Tennessee’s most celebrated mixed-use destinations to life, Boyle Investment Company has named Adam Ballash as partner. “Adam has always had a passion for creating great places, and he’s really invested himself in his craft and his community,” said Boyle Nashville Managing Partner Phil […]

Blair Brown Builds Custom Home at Spring Creek Ranch

home sites available at Boyle’s upscale residential community in the Collierville Reserve.  Spring Creek Ranch is close to great schools including St. George’s and Briarcrest and offers amenities such as a community pool, walking trails, and tennis courts.

Recent News

Blue Sushi Sake Grill Expands in Nashville Market with Opening of Franklin, Tennessee Location

March 25, 2024

Restaurant and cocktail bar concept by Omaha’s Flagship Restaurant Group is currently the country’s largest sushi restaurant group running a sustainably sourced seafood program in partnership with the prestigious Monterey Bay Aquarium Seafood Watch. Franklin location marks concept’s second foray in the Nashville market and restaurant group’s 45th opening.   NASHVILLE, TENNESSEE – MARCH 25, 2024 […]

Gallatin Taps Boyle Investment Co. to Transform Downtown

March 11, 2024

The city of Gallatin is partnering with a prominent Tennessee developer to transform its downtown.   Gallatin, Tenn. (3/11/2024) –Boyle Investment Co. has been tapped by city officials to redevelop Gallatin’s downtown square and create a new city hall. “Gallatin’s downtown square is a premier destination for both residents and visitors, embodying the heartbeat of our […]

Adam Ballash Named Partner At Boyle Investment Company

March 06, 2024

After 16 years as the development manager who brought some of Middle Tennessee’s most celebrated mixed-use destinations to life, Boyle Investment Company has named Adam Ballash as partner. “Adam has always had a passion for creating great places, and he’s really invested himself in his craft and his community,” said Boyle Nashville Managing Partner Phil […]

Tayloe Company Building Custom Home at Spring Creek Ranch

The Tayloe Company is building this custom home at Boyle’s Spring Creek Ranch community in the Collierville Reserve.  They could build one for you, too.  Contact Gary Thompson at Boyle at (901) 766-4246 about custom home sites available at this upscale residential community with a pool and pool house, walking trails, and tennis courts. 

Recent News

Blue Sushi Sake Grill Expands in Nashville Market with Opening of Franklin, Tennessee Location

March 25, 2024

Restaurant and cocktail bar concept by Omaha’s Flagship Restaurant Group is currently the country’s largest sushi restaurant group running a sustainably sourced seafood program in partnership with the prestigious Monterey Bay Aquarium Seafood Watch. Franklin location marks concept’s second foray in the Nashville market and restaurant group’s 45th opening.   NASHVILLE, TENNESSEE – MARCH 25, 2024 […]

Gallatin Taps Boyle Investment Co. to Transform Downtown

March 11, 2024

The city of Gallatin is partnering with a prominent Tennessee developer to transform its downtown.   Gallatin, Tenn. (3/11/2024) –Boyle Investment Co. has been tapped by city officials to redevelop Gallatin’s downtown square and create a new city hall. “Gallatin’s downtown square is a premier destination for both residents and visitors, embodying the heartbeat of our […]

Adam Ballash Named Partner At Boyle Investment Company

March 06, 2024

After 16 years as the development manager who brought some of Middle Tennessee’s most celebrated mixed-use destinations to life, Boyle Investment Company has named Adam Ballash as partner. “Adam has always had a passion for creating great places, and he’s really invested himself in his craft and his community,” said Boyle Nashville Managing Partner Phil […]