System Property Development Company, Inc. (“System Property”) is a national real estate company, with assets in 10 cities from coast to coast. System Property owns and operates a variety of properties featuring office, commercial, retail and parking facilities. Our commercial tenants include top tier companies such as Citibank, Delta Airlines, Anthem Insurance Company, Securitas, and Wells Fargo Bank to name a few.
System Property is a leader in the parking industry since its creation in Downtown Los Angeles in 1920. With extensive experience in the planning, development and construction of parking facilities throughout the United States, System Property has also been one of the largest parking companies in America for decades under its brand known as System Parking Inc., of which System Property is the successor in interest. Today, System Property owns a vast national parking and real estate portfolio with operated parking facilities under the original name of the Company, Motor Parks. For more information on parking, please visit us at http://www.motorparks.com
Chief Executive Officer
Mr. David Damus serves as the Chief Executive Officer and Chairman of the Board of Directors of System Property Development Company, Inc. (“System Property”) and its subsidiaries based in Pasadena, California. System Property owns a national commercial real estate portfolio in major markets from Los Angeles to New York. Mr. Damus’ unique blend of experience encompasses real estate transactions, mergers and acquisitions, labor law, all aspects of parking and construction projects. Mr. Damus has completed more than one billion dollars in real estate transactions and is a member of both the California and Pennsylvania State Bars.
Mr. Damus received his undergraduate and MBA degrees from the University of Southern California and his law degree from Vanderbilt University.
Mr. Damus serves on several Board of Directors, including The National Parking Association, (Secretary), Vanderbilt University Law School, Board of Advisors, Campbell Hall School (Studio City, CA) and Notre Dame High School (Sherman Oaks, CA).
Vice President, Director
Mr. Phillips has been in the parking industry since 1952. He has served with System Parking and its related companies as District Manager, Regional Manager, Vice President, and President and CEO of all its companies. He served as the Chief Executive Officer of System Parking, Inc. from 1973 until 1993. He has served on the Board of Directors of System Parking and System Property Development Company since 1973.
Mr. Phillips is considered one of the leaders in the parking industry, being the first recipient of the Lifetime Achievement Award of The National Parking Association, where he served on the Executive Committee in excess of 15 years. He was also the President of The California Parking Association for eight years. Mr. Phillips completed his Business Administration studies at DePaul University in Chicago, Illinois.
Chief Financial Officer
Cindy Holdorff is the Chief Financial Officer of System Property. Prior to joining the Company, she worked as a forensic accountant specializing in business litigation. She was a Partner at the litigation accounting firms Simpson & Company and White, Zuckerman, Warsavsky, Luna & Hunt. Cindy’s prior experience includes working in the Litigation Services practice at Coopers & Lybrand, now known as PricewaterhouseCoopers, where she specialized in forensic accounting and damage claim analysis. She has also worked as an internal auditor at the Southern California Gas Company.
Cindy has a Masters of Accountancy from the State University of New York in Ithaca and Bachelor of Science degree in Accounting from the University of Southern California. She is a Certified Public Accountant.
Jeff Griswold began his career with System Property Development Company, Inc. in 1997. Mr. Griswold serves as the Corporate Secretary for two corporations and is a corporate officer and the Vice President of Operations for System Property Development Company, Inc. He actively participates in the real estate acquisitions and sales, property development, legal issues, management and day-to-day oversight for all of System Property operations. Mr. Griswold majored in Political Science at the University of Georgia, and is a member of the Central City Association, the CCA Executive Committee, and the National Parking Association.
Alex Pilavjian Serves as General Counsel for System Development Company, Inc. and Motor Parks, LLC. Mr. Pilavjian oversees all legal matters related to real estate transactions, business contracts, compliance and employment issues. Mr. Pilavjian earned his Bachelor of Science in Business Administration and Finance from California State University Northridge and his Juris Doctor from Loyola Law School, Los Angeles. Mr. Pilavjian is admitted to the California State Bar.
98 Years of Experience
Founded in 1920 by Jack Hazard, we are proud of our 98-year history as a parking and real estate company. We consistently deliver solutions that increase client revenue while providing superior customer service. We build loyalty to our brands, one client and one customer at a time. With our best in class management team, our people driven approach has become our competitive advantage.
As an owner and operator of real estate assets, we are in a position to view every managed property through the lens of property ownership. Our “owner/operator” culture has allowed us to consistently increase revenue across all of our parking and commercial real estate assets. Our goal is to bring a first class experience to all of our tenants through community outreach, tenant appreciation days and prompt attention to all of our tenants needs. Our management team takes an “ownership approach” to facilitate a positive culture to drive positive results for our tenants, customers and shareholders.
System Property was one of the largest operating companies in the United States for decades under its brand known as System Parking Inc., of which System Property is the successor in interest. System Property owns a national parking and real estate portfolio that spans the entire country, including properties from Los Angeles to New York.