Business Observer Q & A with Ron Wheeler

By February 10, 2017Insights
Ron Wheeler

Business Observer Q & A with Ron Wheeler

McQuaid, Kevin. “Q&A Ron Wheeler.” Business Observer, 10 Feb. 2017, www.businessobserverfl.com/section/detail/qa-ron-wheeler/.

“Ron Wheeler is the chief executive officer of Sembler Co., a firm that over the course of its more than 50-year history has developed more than 325 projects containing more than 27 million square feet of mostly retail real estate throughout the southeastern U.S. and Puerto Rico. The company also manages and leases 12.5 million square feet. Wheeler joined Sembler in 1997 as vice president of investments, after a decade with NCNB and First Union National Bank, where he was vice president of commercial real estate lending. Within Sembler, he was promoted to chief operating officer before being elevated to CEO.

Sembler had growth across all of its platforms in 2016 — ground-up development, build-to-suit activity, property management, leasing, and sales and acquisitions. Is that typical in a growth cycle?
Between 2008 and 2010 we and everyone else had some really bad times, and since then, the market has been a little more predictable, but not explosive, which is just fine with me.
Leading up to 2007, we had what I’ll term explosive growth. As the market stabilized and normalized a bit post-economic recession, we decided to really focus on what we wanted to do and what we did best, and what deals made sense from a risk standpoint.”

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