Worthington Hyde Partners (WHP) was formed in 2006, succeeding Schaedle Worthington Hyde Properties, which was established in 1991. WHP is active in the real estate business as a developer and entrepreneurial investor, both on its own and in venture with local partners, with a diverse portfolio of real estate holdings in varying creative structures. Principal partners of WHP are Robert W. Worthington, J.R. (Pitt) Hyde, III, and John H. Pontius, who have enjoyed a 23-plus year relationship partnering on real estate transactions.
WHP has capitalized on its entrepreneurial approach, access to capital, quick response capability, and extensive experience in sourcing, selecting, and executing on the investment positions it has taken over the years. These virtues have allowed WHP to develop an excellent track record and reputation.
Joseph R. Hyde, III
Joseph R. “Pitt” Hyde III is a nationally-known entrepreneur and philanthropist whose leadership has transformed his hometown of Memphis, Tennessee. With a life that is equal parts business acumen and strategic philanthropy, he continues to be a force for economic, civic, and cultural progress.
As founder of AutoZone in 1979 as part of Malone & Hyde, Mr. Hyde guided its growth from three stores in two states to a national retail auto parts giant with more than 3,200 stores. He retired from active management as CEO and chairman by 1997 after building AutoZone to become the largest company in the auto parts industry, but remains on the AutoZone board of directors. He also serves as a director of FedEx Corporation.
Through The Hyde Family Foundations, Mr. Hyde leverages his philosophy of strategic giving to inspire major initiatives and innovative thinking. Through the support of the Hyde Foundation, two first-class museums exist in Memphis – the Memphis Rock ‘n’ Soul Museum which pays tribute to the city’s storied musical heritage and the National Civil Rights Museum which transformed the tragic site of the assassination of Dr. Martin Luther King Jr. into a place of redemption and rededication to civil rights. His foundation also funds the Annual Freedom Awards ceremony honoring national and international human rights leaders from Nelson Mandela to Mikel Gorbachev, Harry Belafonte to Sidney Poitier, and Colin Powell to Oprah Winfrey.
John H. Pontius
A native Memphian, Mr. Pontius received a bachelor’s degree in accounting from the University of Tennessee at Knoxville in 1977. Later that year, he joined the international accounting firm of Coopers & Lybrand (now Price Waterhouse Coopers) where he completed his requirements as a CPA and was promoted to the level of audit manager.
In 1991, Mr. Pontius joined Pitt Hyde, the Chairman and CEO of AutoZone as a special assistant. He was responsible for investment, family business, and philanthropic management for the Hyde family, as well as management of the AutoZone Governmental and Community Relations departments and other special projects for the company. In 1998, Mr. Hyde and Mr. Pontius formed Pittco Management to concentrate on the growing activities of the Hyde family. Mr. Pontius serves as President. In 2004, GTx, Inc., a biopharmaceutical company with which he had been affiliated for a number of years, began trading on the NASDAQ exchange. He serves on its Board of Directors.
Robert W. Worthington
Originally from Chattanooga, Tennessee, Mr. Worthington graduated from the University of Tennessee at Chattanooga with a bachelor’s degree in Business Administration in 1979. In 1981, he received an MBA with a concentration in finance from Georgia State University.
After two years in the investment banking business, Mr. Worthington began his real estate career in Atlanta, Georgia, with Richard Felker Company where he became Executive Vice President and oversaw all of the firm’s acquisition, disposition, and financing activity. The company was primarily involved in the syndication and operation of multi-family assets within the state of Georgia.
Today, Mr. Worthington remains in partnership with Mr. Hyde and Mr. Pontius through Worthington Hyde Partners, a real estate investment fund, which invests the capital of its principals into real estate assets across a diverse spectrum of holdings. Over his career, Mr. Worthington has been chiefly responsible for over $2 billion dollars in real estate transactions. He has received several industry awards and has been a lecturer and panelist at numerous real estate and business gatherings.