Founded in 1963 by the late Robert Lay Grubb, Jr., the company and its affiliates began developing hundreds of single-family homes and apartment homes in Davidson County, N.C. By the late 1970s, the company was acquiring and operating larger multifamily communities. In the 1980s, the company increased its acquisition program and pioneered the conversion of apartments to condominiums for sale to investors. By the 1990s, the company had begun another aggressive acquisition program, which included approximately 2,000 apartment homes and 700,000 square feet of office space. Grubb Properties is now a vertically integrated real estate operating company owned by its employees and board members, with offices in Charlotte, Cary, and Lexington, N.C., and Atlanta, Ga. Over the last 25 years, Grubb Properties has completed more than $2 billion in investment transactions, including seven private equity real estate funds. Properties have encompassed more than 4 million commercial square feet and more than 15,000 residential units in both acquisition and development programs, focused in the southeastern U.S.