Financial Services >> CEO Interviews >> July 12, 1999
THOMAS H. MCAULEY is Chairman and Chief Executive Officer of IRT
Property Company, an Atlanta-based real estate investment trust. He
joined IRT in October 1995 after serving on its Board of Directors since
1987. Prior to this position, he was a regional partner with Faison and
Associates, a Charlotte-based real estate management and development
company which was the successor by purchase of Ewing Southeast Realty
where he served as Chairman and Chief Executive Officer. Mr. McAuley
attended the University of North Carolina and graduated from Georgia
State University with a degree in real estate and accounting. He served
with the U.S. Army in Vietnam as a helicopter pilot. He began his real
estate career in 1977 as a commercial mortgage broker for a large
regional bank. In 1980, he founded Southeast Realty Resources and in
1984 merged the company with J.H. Ewing & Sons, a seventy-two year old
Atlanta real estate company, creating Ewing Southeast Realty, Inc. which
was acquired later that year by Johnstown American Companies, one of the
nation's largest publicly traded real estate management companies, where
he became Chief Operating Officer and a trustee. In 1988, he repurchased
Ewing from Johnstown and, in 1993, sold it to Faison and Associates. Mr.
McAuley was also founding director of American Income Properties, L.P.,
a master limited partnership traded on the American Stock Exchange. He
is a member of the International Council of Shopping Centers and the
National Association of Real Estate Investment Trusts. Profile
history of IRT, just to set the stage for the readers?
Mr. McAuley: IRT is one of the oldest REITs: it was founded in
