HIC LAND APPOINTS VICTOR PADILLA AS CO-CEO ALONGSIDE FOUNDER STEFAN HOYER

Expanded Leadership Structure Positions Charleston-Based Land Developer for Its Next Stage of Growth

CHARLESTON, SC (October 12, 2026) – HIC Land, a South Carolina-based real estate investment and asset management company specializing in residential and commercial community development, today announced the appointment of Victor Padilla as co-CEO alongside founder Stefan Hoyer. The appointment formalizes a strategic leadership transition designed to position HIC Land for its next phase of growth while preserving the relationships, culture and entrepreneurial approach that have defined the company since its founding.

Padilla was Hoyer’s first hire at HIC Land and has been with the company for more than a decade. Most recently serving as director of operations, Padilla’s responsibilities have expanded significantly over the years to include acquisitions, dispositions, financing, personnel management, strategic growth initiatives and much of the company’s day-to-day business. His decade-long progression at HIC has given him a comprehensive understanding of the company’s operations, investment strategy, partners and the markets in which it operates.

“Victor is an integral part of HIC Land and has earned the trust of our team, partners and the homebuilders we work with,” said Stefan Hoyer, founder of HIC Land. “Over the past decade, he has developed a deep understanding of our business and the people we serve, making this a natural evolution for both Victor and the company. Victor has played an increasingly important role in shaping HIC’s strategy and growth, and I am excited to work alongside him as we enter the next chapter of the company.”

Hoyer, who founded HIC Land in 2008, will remain involved as co-CEO, continuing to work closely with homebuilders, landowners, investors and other partners who have been central to the company’s success. The expanded leadership structure will provide clients and partners with greater access to senior leadership while supporting continued growth, faster decision-making and an elevated level of service.

“Stepping into this role means taking greater responsibility for HIC Land’s future, our team and creating opportunities for the people within our company,” said Padilla. “I am incredibly proud of what we have built over the past decade. Stefan has built an exceptional company, and I look forward to working closely with him and our team to build on that foundation, strengthen our relationships and pursue new opportunities. We have a tremendous team, an exciting pipeline and a long-term vision for where HIC can go.”

HIC Land Expands Development Activity Across the Southeast

HIC Land continues to expand its activity across the Southeast, operating across eight states with over $300 million in total investments and more than 48,000 lots currently under development, owned or under control. The company’s core business focuses on land development, through which it acquires entitled and permitted land, installs infrastructure and delivers developed lots to homebuilders. In addition, HIC Land owns or controls land representing more than 7,500 multifamily density units and more than 700 acres of commercial property, which it intends to develop as part of the future strategy for HIC.

Under its evolving strategy, HIC Land has expanded beyond its historical focus on smaller residential subdivisions to pursue larger-scale, master-planned communities. These communities are designed around a comprehensive, amenity-rich approach that integrates residential neighborhoods with retail, commercial offerings, recreational amenities, and municipal infrastructure to create cohesive, long-term community environments.

This evolution reflects HIC Land’s broader vision for the future: to identify opportunities where the company can create meaningful value through thoughtful land planning, disciplined investment, and long-term partnerships. Under its expanded leadership structure, HIC intends to continue growing its presence across the Southeast while remaining focused on the entrepreneurial culture, relationships, and execution that have been fundamental to the company’s success.

“Over the years, HIC has grown from a small entrepreneurial company into a platform capable of taking on increasingly complex and large-scale development opportunities,” said Padilla. “Our goal is to continue that evolution thoughtfully and responsibly—investing in our people, strengthening our partnerships, and pursuing opportunities where we believe we can create lasting value. We are excited about what lies ahead.”

Before joining HIC Land, Padilla worked as an audit senior at Deloitte, where he advised clients across commercial real estate, manufacturing, government, retail and commodities. He earned a Bachelor of Business Administration and Management and a Master of Accounting from Tulane University and became a Certified Public Accountant in 2015.

HIC Land was founded by Stefan Hoyer in 2008 and has grown into a leading land investment and development platform across the Southeast. The company partners with homebuilders, landowners, and other stakeholders to acquire, develop, and deliver residential and commercial real estate opportunities. For more information, visit hicland.com.

About HIC Land

Hoyer Investment Company Land, LLC (“HIC Land”) is a Charleston, South Carolina-based real estate investment company and land developer that acquires, rezones and develops land throughout the Southeastern United States. It specializes in land acquisition and lot development for the largest publicly traded and private homebuilders in the U.S. Through its competent and experienced team of land development professionals, strong balance sheet, and established partnerships with the nation’s largest homebuilders, HIC currently develops over 2,400 lots annually and controls over 48,150 lots, 7,500 entitled density units of multi-family and over 700 acres of commercial property. For more information, visit hicland.com.

Source: HIC Land.