Heartwood Development Company, established in February of 2016, is led by Scott Teeter, Paul Powell and Bryan Sims. The three partners have over 60 years of combined homebuilding, land acquisition and development experience in the 4 major Texas markets. Over the last 14 years they have established strategic partnerships and worked on some of the largest residential development projects in Austin and San Antonio. Prior to launching their company, the partners led the land acquisition and development efforts for the most active public homebuilder in Central Texas.
F. PAUL POWELL, JR.
Paul has more than 19 years of experience in the homebuilding and development industry. He began his career in Austin at D.R. Horton in home construction and later transitioned to land development. In 2004, Paul joined Lennar Homes. This role afforded Paul the opportunity to work in both the Austin and San Antonio markets where he assembled a San Antonio based development team. Prior to co-founding Heartwood Development Companies, Paul served as Lennar’s Director of Land Acquisition where he negotiated over $177MM in acquisitions that produced over 6,300 lots.
Paul’s expertise includes contract negotiations, entitlements, financing, project management and market analysis.
Paul earned a Bachelor of Science degree from Louisiana State University.
SCOTT TEETER, CMA
Scott has over 20 years of experience with land acquisitions, financing, entitlement, development, and sales working in all 4 of the major Texas markets for large public homebuilders. Prior to co-founding Heartwood Development Companies, Scott spent 12 years running the land functions for both Lennar and Ryland as the Vice President of Land Acquisition and Development. During the majority of that time, Scott had responsibility for Central Texas which includes both the Austin and San Antonio markets.
Prior to his time in Central Texas, Scott worked in business development for Frito Lay in Dallas where he supported one of their largest product launches. He followed his mentors to Centex Homes where he played an integral role in the acquisition and integration of 4 homebuilding companies valued at over $210 million.
Scott holds a B.S. in Finance from Penn State University’s Schreyer Honors College and an M.B.A. with concentrations in Finance and Strategic Management from The Wharton School. Scott is a Certified Management Accountant (CMA).
BRYAN N. SIMS, P.E.
Bryan started his career in Central Texas as a civil engineer designing residential communities for 6 years. He spent the subsequent 11 years working for Lennar Homes as Director of Land Development where he oversaw the development of many communities consisting of over 6000 lots and 2000 acres in both the Austin and San Antonio markets.
Bryan holds a B.S. in Civil Engineering from The University of Texas at Austin and has been a licensed Texas Professional Engineer since 2004.