After 20 years as president and chief executive officer of South Bend, Indiana-based Holladay Properties, John Phair is stepping out of the CEO role to become Chairman and Chief Development Officer. Taking his place as President and CEO will be Tim Healy, who currently serves as the firm’s Chief Operating Officer.

“Three years ago, I announced a five-year plan to slow down and develop a succession plan for Holladay, which I am following,” Phair said. “Tim Healy will be taking over the role of President, and I am positive that he will do an amazing job and continue the vision of making Holladay a 100-year-old company.”

As Chief Development Officer, Phair will oversee all new real estate development activity – including renovations, ground-up development and substantial rehabilitations. Holladay has conti

Healy has been with Holladay Properties for 20 years and led the Portage, Indiana, office for 17 of those years. In 2017, he became Chief Operating Officer, and took over oversight of Human Resources, Benefits, IT, and capital management.