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EBSCO launches a new division – EBSCO Income Properties, LLC

There is a new business venture within EBSCO’s Real Estate group that is poised and waiting to expand EBSCO’s reach in the real estate market. EBSCO Income Properties, LLC (EIP), which was launched in October, will focus on the acquisition of multi-family income producing property investment opportunities.

More simply put, EIP will specialize in the collaborative purchasing of apartment rental properties. Under the leadership of Leslie Yeilding, vice president and general manager, the new division will seek quality investments in apartment developments initially within the southeast and then expand to other regions.

Under the direction of EBSCO President and CEO F. Dixon Brooke, Jr. and EBSCO Chairman J.T. Stephens, Yeilding will work to seek out and secure top quality investment opportunities and expand EIP into a prosperous EBSCO division.

Yeilding said EIP act as an asset manager to the properties they acquire. “We will have a third party management company that will manage day-to-day operations while we manage the overall investment,” he said.

A native to Birmingham, Ala., Yeilding spent the past nine years serving as chief financial officer of Equity Resources, where he worked in much the same capacity as his role with EIP. “I am excited about the opportunity I have here at EBSCO,” Yeilding said. “I get to build an entirely new division from scratch. I have the chance to formulate all the processes and procedures and to use my strategic expertise to design an investment strategy that will help EIP build a large, strong investment portfolio over time.”

Yeilding holds an MBA from the University of Alabama, Birmingham and a bachelor’s in corporate finance and investment management from the University of Alabama. “I am really excited to become a part of the EBSCO family,” he said. “EBSCO is a very strong, diverse, and well respected company, and I am fortunate to have the opportunity to come on board.”

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