Med-Services, Ltd. (Later Meridian Healthcare) is founded by business partners Mike Batza and Earl Linehan. Ed Burchell, Arnie Richman, and Roger Lipitz would join as partners shortly thereafter.
Entering The Real Estate Fold
Heritage Properties is formed as one of four companies of The Meridian Group. It would serve as the real estate arm of the group (headquartered in Towson, MD) as it expands operations across the country.
A New Age of Independence
The Meridian business is sold to Genesis Healthcare, while ownership of Heritage is retained by Mike Batza, now singularly focused on the real estate business.
A Focus on Redevelopment
Heritage completes redevelopment of Towson Circle. Alongside redevelopment of the formerly vacant Radio Park, Heritage would be at the forefront of spurring economic growth within Towson’s core, providing over 330,000 square feet of redeveloped space.
A New Generation
A new generation of leadership emerges as Jim Railey and Chris Morris become partners. Railey had previously served as Heritage’s head of property management while Morris had and continues to serve as Heritage’s head of construction to this day.
New Leadership, Same Values
Jim Railey assumed the roles of President and CEO of Heritage while as Mike Batza retained his position as Chairman of HPI. The two remain committed to the values that had served Heritage and its community well for decades.
A Commitment to Growing Towson
Heritage’s Towson Square development is sold. Blocks away from HPI’s headquarters, Towson Square was, and continues to be, a central downtown hub for the whole of Towson. The development of Towson Square continues to be emblematic of Heritage’s pivotal role in the growth of Towson.
A New Era of Joint Ventures
With the Heritage completes the sale of the Legacy at Brier Creek, its first joint venture, Heritage cements its entrance into a new era of cooperation, opportunities, and growth.
As Heritage expands, Katy Haney and Carl Reinke are named partners after their years of service. Haney and Reinke continue to lead Heritage’s Finance and Asset Management teams(respectively).
Reaching New Heights
Heritage’s Bloc83, a cutting-edge Class A office building is completed in Raleigh and proceeds to sell for $330 million, a record for single-asset sales in the state of North Carolina.
Heritage continues to expand even in the wake of COVID-19’s impact on the real estate market. Heritage Capital Partners is established as a sister company of Heritage Properties to focus on emerging opportunities focused in the Carolinas markets.
From Local Player to Something More…
Heritage has continued to expand in recent years, with operations (including 3rd party management of properties) spanning across the eastern seaboard of the United States.