Current Affiliations
Urban Land Institute (ULI)
Washington, DC
Full Member
Former Trustee and Officer
Biltmore Farms Inc.
Asheville, NC
Board of Directors
Center for Houston's Future
Houston, TX
Board of Directors and Executive Committee
Chair of the Strategic Planning Committee
Past Affiliations
The Trust for Public Land
San Francisco, CA
Member, National Real Estate Advisory Committee
Memorial Hermann Hospital System
Houston, TX
Board of Directors
Town Center Improvement District
The Woodlands, TX
Board of Directors
Conroe Independent School District
Montgomery County, TX
President, Board of Trustees
Grand Parkway Association
Houston, TX
A Transportation Agency of the State of Texas
Board of Directors
Environmental Task Force of ULI
Washington, DC
Chair of Task Force
John Cooper School
The Woodlands, TX
Founding Director
The Woodlands Medical Center, Inc.
The Woodlands, TX
Founding Director
The Nature Conservancy
Washington, DC
Member National Real Estate Advisory Committee
Stewart Title Company of Montgomery County, TX
Board of Directors
United Way of Montgomery County, TX
Board of Directors
Previously, Mr. Galatas served as President and C.E.O. of The Woodlands Operating Company, L.P. and directed all the company's real estate activities related to the 28,000-acre new community of The Woodlands located just north of Houston, Texas. He was responsible for the full range of business activities and strategic planning for the development, marketing, management and financial performance of all the company's assets. During his 20-year tenure, The Woodlands grew from a vision to reality and the company's financial position improved from an operating loss to an annual operating profit of $30 million. Cumulative capital invested by all parties in the community grew to $4 billion during that period. New home sales doubled to 1,100 per year, and population in the community grew to 60,000. More than 800 employers and 20,000 jobs were added through a host of corporate moves to The Woodlands including Hughes Tool, Mitchell Energy, Tenneco, Pennzoil, World Comm, Exxon Mobil, Chevron, Shell and a number of research driven venture capital start-ups. The Woodlands is internationally recognized and ranked among the top master planned communities in the United States.
Galatas also has been directly involved in the creation of several unique elements within The Woodlands including an 18,000-seat performing arts pavilion, an acute care hospital, and a private college preparatory school where President Bush (#41) delivered the schools first commencement address.
Galatas played a key role in the restructuring and disposition of Mitchell Energy's real estate assets including the sale of timberlands, non-core assets and resorts for approximately $100 million and its major asset, The Woodlands Corporation, which was acquired by a partnership of Crescent Real Estate Equities Company and Morgan Stanley for approximately $543 million.
In addition to his real estate involvement, Galatas is actively engaged in a number of professional, community and civic activities, including health care, the environment, education and transportation.
Galatas was a founding director and coordinated the development of The Woodlands Hospital. He served on the Board of the Memorial Hermann Hospital System. In the area of education, Mr. Galatas was a founding director of The John Cooper School, a college preparatory school; President of the Board of Trustees of the Conroe Independent School District; and an elementary school was named in his honor.
Galatas is actively engaged at the national level in efforts to achieve a balance between important environmental objectives and economic growth. He served a Chair of the Urban Land Institute's (ULI) Environmental Forum, a Trustee and Officer of ULI and on the Real Estate Advisory Committee of the Trust for Public Land.
Mr. Galatas was a member of the Board of Directors of the Grand Parkway Association, a transportation agency of the Texas Department of Transportation.
For the past 25 years, Galatas has been actively involved in the development of major communities in the Houston region, including Kingwood, The Woodlands and Woodlake. He has also been involved in resort development on Galveston Island and at Aspen and Steamboat Springs, Colorado. His experience involves the development, marketing and sale of projects valued at more than $2.5 billion.
Houston, Texas Area
The Woodlands a 28,000-acre master planned community nationally recognized as one of the more successful in the United States. Currently investment exceeds $4 billion with a population of approximately 60,000 and 20,000 jobs provided by some 800 employers.
Kingwood a 14,000-acre master planned community developed jointly by Exxon and the King Ranch. Essentially completed with 60,000-plus residents.
Woodlake a 400-acre mixed use development at the intersection of Westheimer and Gessner Road in Houston, Texas.
WindRose a 1,200-acre master planned residential/golf community in north Harris County, Houston, Texas.
30,000 Acres of Timberland managed and marketed 30,000 acres of pine timberland in Montgomery County, Texas.
Warren Ranch a 6,400-acre working ranch in Harris County, Texas and under family ownership since 1800s was marketed and sold to an environmental conservancy.
Woodard Ranch a 6,600-acre timberland in Montgomery County, Texas converted to active development project through entitlement, planning and successful marketing.
Galveston, Texas
Pirates' Beach and Cove an upscale resort community surrounding the Galveston Country Club.
Lafitte's Cove a resort community with orientation to Galveston Bay.
Colorado
Owl Creek Ranch a 1,700-acre primary/second home community in a resort setting extending from Aspen to Snowmass, Colorado. Includes some of the more expensive homes in the United States.
Lake Catamount a 3,100-acre resort development near Steamboat Springs, Colorado.
Mississippi
Tradition a 4,600-acre master planned community programmed for 10,000 to 12,000 dwelling units plus approximately 2,000,000 square feet of non-residential space. Project is located twelve miles inland from Gulf Coast and extensive casino/hotel/resort developments.
North Carolina
Biltmore Farms Inc. a family owned real estate development company with a focus on community development including residential, commercial, and hospitality components.
During the past 25 years, Galatas has been directly or indirectly involved in the development, marketing and sale of more than $2.5 billion of real estate including residential and commercial land, office and retail facilities, homes, resorts, communities and going concerns.