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William Pettit

Pillar Properties

President

Job Functions: Executive, Asset Management, Development

Bio

Billy Pettit is responsible for the oversight of the development pipelines and asset management for Pillar Properties and under his leadership, the company has grown to become a respected developer in the Puget Sound region. Pettit oversees the operations at all Pillar Properties locations including The Meyden in downtown Bellevue, The Century in lower Queen Anne, The 101 in Kirkland, The Corydon in Seattle’s University District, The Lyric in the heart of Seattle’s Capitol Hill and The Maverick in Burien. Pillar Properties partnered with Daniels Real Estate to develop The Nolo and The Wave at Stadium Place in Seattle’s Pioneer Square and Pettit played a key role in bringing that milestone project to life. Pettit is also the leader of the strategic growth initiatives for sister company Merrill Gardens and he has been involved in over 30 development projects for the senior housing company. In its ten-year history Pillar Properties has developed roughly six million square feet of senior housing, multifamily housing and retail space and the company has completed development projects totaling in excess of two billion dollars. Following the company’s explosive growth, Pillar Properties has been recognized five years in a row as a Fastest Growing Private Company in Washington by The Puget Sound Business Journal and was also named one of the INC 5000 Fastest Growing Companies four years in a row. Based on team member satisfaction, the company was recognized by both the Puget Sound Business Journal and Seattle Business Magazines as a Best Company To Work For. Following its annual resident survey, Satisfacts ranked Pillar Properties as a national leader for customer satisfaction four years in a row (2015 - 2018). Pettit's Pillar Passions philanthropic program is recognized nationwide - the winner of the Multifamily Executive Community Service Award for 2016. Pettit received the 2018 Real Estate ICON Award from IREM and he was named to the Puget Sound Business Journal 40 Under 40 Class of 2017, the Urban Land Institute 40 Under 40 Class of 2016 and he received the Multi Family Executive Rising Star of the Year Award in 2013. He also serves on the Board of Directors for the Washington Multi-Family Housing Association (WMFHA). Prior to joining the Merrill companies, Pettit was a Senior Associate at Herbert J. Sims & Company, a boutique investment bank focusing on the senior housing industry, where he worked on the private equity portfolio. Pettit also spent time working in Private Wealth Management for Merrill Lynch in Princeton, NJ. Pettit holds a B.A. in Economics from Hamilton College, and a MBA in Finance from the Foster School of Business at the University of Washington.

Areas of Interest

Deal Type
Acquisition, Development, Ground Lease, Loan Purchase, Opportunity Zone, Partner Buyout, Pre-Development, Recapitalization, Refinance, Rehabilitation