Victor Padilla named co-CEO of HIC Land

HIC Land, a South Carolina-based real estate investment and asset management company focused on land banking and land development, has appointed Victor Padilla as co-CEO alongside founder Stefan Hoyer. The move formalizes a leadership transition aimed at positioning the company for its next phase, marked by a growing focus on master-planned communities, the company said in an announcement. Padilla, Hoyer’s first hire at HIC Land, has been with the company for more than a decade. Most recently serving as director of operations, his responsibilities have expanded over the years to include acquisitions, dispositions, financing, personnel management, strategic growth initiatives and much of the company’s day-to-day business. HIC Land said his progression at the firm has given him a comprehensive understanding of its operations, investment strategy, partners and markets. “Victor is an integral part of HIC Land and has earned the trust of our team, partners and the homebuilders we work with,” Hoyer said in a press release. “Over the past decade, he has developed a deep understanding of our business and the people we serve, making this a natural evolution for both Victor and the company. ...