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Bailey History
On January 26, 1956, Virginia and Dr. Ted Bailey created a new company - Bailey Corporation, primarily a real estate development company. Since that day, many changes have formed a successful identity for the company. Beginning July 1991, shortly before returning to Little Rock, AR, John and Patricia (Patti) Bailey purchased Union Station in Little Rock, AR. In January 1992 John became President and CEO of Bailey Corporation which became the property management company for the family owned real estate holdings. John, Patti and the other family members purchased more commercial and multifamily assets and in August 1996 Patti, John, Virginia and Dr. Ted Bailey created an ownership entity - Bailey Properties, LLC (Bailey Properties) for the Bailey family real estate holdings. Being involved in real estate for over 50 years, Bailey Properties has had a positive impact in the communities it serves. Bailey Properties currently owns and manages 4,017 apartment homes and 18 apartment communities in 3 states. Bailey Properties currently owns two office buildings in Little Rock, AR, and one strip center in Blytheville, AR. Some historical information about the company and its growth is as follows: 2007 to today- In 2007 Bailey Properties sold Chenal Lakes and Brightwaters apartments and added three new Houston area properties - The Falls at Borough Park in Spring, TX, The Lakes at Westview in Conroe, TX and The Kipling Condominiums an upscale property in the trendy upper Kirby area near the Houston Galleria. 2006 Bailey Properties celebrates its 50th anniversary and continues to be one of the most prominent real estate companies in Arkansas. 2005- In August, Windsor Estates Apartments (Texas City, TX) was acquired. 2003- As part of a family restructuring, John and Patti bought remaining interests of ownership of Bailey Properties from family members. Some assets were traded out as part of an exchange of interests. Three properties were traded: Ridgewood Apartments (Hot Springs, AR), Wentwood Valley Condominiums (Little Rock, AR) and AR Timberlands (South AR). 2000 - In July, 2000 Stonebridge Apartments (Longview, TX) was acquired and renamed Summer Brook. Station House I and II were sold in a continued effort to primarily focus real estate holdings on apartment communities. 1999 - The Crest Apartments (Longview, TX) was acquired. It was renamed Summer Green II and merged with Summer Green Apartments. 1998 – A major portion of Bailey Properties commercial property portfolio was sold when the company's focus evolved to primarily real estate holdings and operations of apartment communities. The commercial properties sold were; Bowman Curve, Pavilion-In-The-Park, Rock Creek Square, Market & Merrill in Little Rock, AR, Temperance Hill Square in Hot Springs. AR and Overbrook Office Building in North Little Rock, AR and Hot Springs, AR. 
Apartment communities acquired as part of a 1031 tax deferred exchange were Briarwood, Clover Valley (renamed Spring Valley), and College Park in Little Rock, AR, Capri Apartments in Blytheville, AR, Summer Green and Summer Lake in Longview, TX, and Huntington Park (renamed Fox Trail Apartments), London Manor (renamed South Pointe), and Summer Pointe in Shreveport, LA. In addition Colony Square Shopping Center was acquired as part of the Capri Apartment acquisition in Blytheville, AR. Ridgewood Apartments in Hot Springs, AR was acquired. 1996-1997 - Hot Springs Factory Outlet Mall (renamed Temperance Hill Square) in Hot Springs, AR and Plantation House Apartments (renamed Markham Oaks) in Little Rock, AR, Indian Hills Apartments and Overbrook Apartments in North Little Rock, AR, and Westwood Village Apartments in Shreveport, LA were acquired. 1995 - Chenal Lakes Apartments in Little Rock, AR was acquired. 1994 - Bowman Heights Apartments, Rock Creek Square, Pavilion-In-The-Park, and Market & Merrill in Little Rock, AR were acquired. The Riverside and Hadidi Buildings were sold and exchanged as part of a 1031 tax deferred exchange for Pavilion-In-The-Park. 1993 - Wentwood Valley and Waterford Apartments in Little Rock, AR were acquired. 1992 - John Bailey became President and CEO. In June Bailey Corporation moved to Union Station from the Riverside Building. 1991 - The historic Union Train Station in Little Rock, AR was acquired. 1990 - Brightwaters Apartments was acquired and Station House II office building was developed and built, both in Little Rock, AR. 1989 - Hadidi Office Building and land on Bowman Road were acquired as a part of a 1031 tax deferred exchange by trading 75 acres in the St. Charles subdivision both in Little Rock, AR. Bowman Curve Shopping Center II was developed and built. 1988 - Bowman Curve Shopping Center was developed and built on Bowman Road in Little Rock, AR. Bailey Corporation began to focus more on property management and away from development. 
1987 - The historic Station House located across from the historic Union Train Station in Little Rock, AR was acquired by the Bailey family. Live Oaks, sixteen tracks in the Ferndale Area west of Little Rock, AR were developed, built and subsequently sold. 1986 - Riverside Office Building was developed and built along the Arkansas River and became the new corporate headquarters for Bailey Corporation in Little Rock, AR. 1985 - Thirty-five homes were developed and built in an area of St. Charles in Little Rock, AR, named St. Thomas and were subsequently sold. 1983 - The Riverdale Building in Little Rock, AR was acquired and became the corporate offices of Bailey Corporation. 1982 - Bailey Corporation real estate residential sales were discontinued. 1976-1979 - Andover Square was developed and built consisting of 88 town homes in Little Rock, AR, and subsequently sold. In 1979 Bailey Corporation expanded into real estate residential sales. 1979 - In Little Rock, AR, River Bend, a 36 condominium project was developed and built on the banks of the Arkansas River, and subsequently sold. 1976 - In Little Rock, AR, 276 acres next to Napa Valley Road was purchased and named St. Charles. There were 338 residential lots which were developed, built and subsequently sold. 1973 - In Little Rock, AR Foxcroft Square, a 35 condominium townhouse project, was developed and built next to the Foxcroft subdivision and subsequently sold. 1969 - The Packet House was sold. 1965 - In Little Rock, AR, 140 acres were purchased and developed as a subdivision named Foxcroft. It had 245 residential lots and subsequently sold. 1956 - 1961 - Capitol Place office building was acquired and became the corporate offices of Bailey Corporation as well as the individual offices of Dr. H.A. Ted Bailey, Jr., MD for his medical practice (Bailey Ear Clinic). 1956 - Bailey Corporation was created. The historic Packet House was acquired. | |||
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