St. Clair Shores, MI, September 26, 2012 --(PR.com
)-- Vistage Michigan selected Oxford Company President Jeff Hauptman as the recipient of its 2012 Soaring Eagle Award. The Soaring Eagle Award is presented annually and recognizes one member’s overall success in business.
The membership-based organization, which helps business leaders make better decisions and generate better results, will honor Hauptman during its annual CEO Summit on Fri., Sept. 21 at The Henry Hotel in Dearborn.
As president of the full-service investment real estate company, Hauptman is responsible for setting and managing the strategic direction and growth of the Oxford Company, including oversight of long-term planning, acquisitions, financing, budgeting and leasing functions for the entire company’s portfolio. Under his leadership, Oxford has grown from a one-person property management company to one of the Ann Arbor’s largest real estate acquisition, construction and management firms with $250 million in assets under management.
“Jeff has been with Vistage for about five years and there is a clear difference in his skill sets and behaviors between now and when he first began,” said Vistage Michigan CEO and Chairman Robert Holland, who also is Hauptman’s Chief Executive Group chair. “When you look at all he has been able to accomplish as a business owner, husband, father and friend, you see the epitome of what we would want a Vistage member to be.”
From a business and personal standpoint, the past year has been the most challenging ever for Hauptman. In August 2011, he completed Oxford’s first acquisition fund in six years, the Ann Arbor Opportunity Fund I (AAOFI), raising $8MM in cash.
By acquiring local commercial properties with AAOFI (150,000 SF – a 20% increase in Oxford’s owned portfolio, and additionally a 64-bedroom apartment building), and through other projects on which it was working, Oxford’s revenues have increased 25 percent. While raising the equity was a huge undertaking, the acquisitions and subsequent turnarounds are an even greater challenge.
While accomplishing the AAOFI goal, Hauptman found himself in a difficult situation. One of his closest friends, Francis Clark, was losing his battle with cancer. Clark, 48, was to student apartments in Ann Arbor what Hauptman was to commercial properties – they were the new generation of property owners and had both developed great portfolios in their respective areas of focus. Their companies were roughly the same size, but Clark’s company, Arch Realty, had not benefitted from Vistage the way Hauptman had. With Clark less and less able to get to the office, Hauptman agreed to help prior to buying the business outright before Clark’s passing in December 2011.
In addition to doubling Oxford’s revenues in 2012 as a result of the purchase, Arch’s gross income has increased by 15 percent thanks to a major new contract and a merger, both orchestrated by Hauptman this year. This success also includes assimilating the personnel at Arch with those of Oxford, consolidating operations for both companies and addressing the staff concerns and the reputation of Arch, leading to recognition last April as “Best Landlord” by readers of the University of Michigan student newspaper, The Michigan Daily.
“Vistage has been and continues to be a stable force and innovative idea generator for me,” said Hauptman. “Without all of the knowledge and assistance that I have received from this organization and my fellow members, my business would not have been able to achieve the level of success it enjoys today.”
Through Vistage Michigan, small business owners and chief executives gain direct and immediate access to unparalleled ideas and thinking. From one-on-one business coaching, intimate peer-to-peer workshops, and presentations from top industry executives, to advisory boards of CEO peers, extensive online libraries of content and beyond, Vistage Michigan provides its members with actionable knowledge that cannot be replicated by any university, traditional workshop or networking organization.
Vistage Michigan currently operates 13 CE Groups in southeast and northern Michigan, comprised of approximately 15 members per group.
Vistage Michigan is a member-based organization that delivers business resources and personal support to CEOs of small to mid-sized companies in southeast and northern Michigan. For more information on Vistage Michigan please call 586-443-5880 or visit www.vistagemichigan.com.