BIOGRAPHY

Bob Farrar, a “Tex-ssippian,” was born, raised and educated in Mississippi and has spent the last 38 years of his business career in Texas. After graduating from the University of Mississippi in Oxford, earning a Masters of Science Degree in Mathematics in 1968, Farrar began his business career with International Business Machines (IBM), first in engineering in Huntsville, Alabama and later in marketing in Atlanta, Georgia. The experience he gained at IBM, which included Project Manager of the Saturn 504-D (Apollo 9) instrument Unit flight software and Salesman of the Year in Atlanta, provided the sound foundation on which Farrar built his business and real estate career.

Farrar has been successfully involved in real estate development, investment and management for over 40 years, and in Texas since 1977. His real estate experiences have varied from single-family and multi-family residential developments to real estate financing to the actual construction of homes, condominiums and apartments. His real estate career also includes real estate activities related to commercial, industrial and office buildings.

The general business portion of his career includes, among other endeavors, ownership and related management of various oil and gas interests, an FDIC-insured bank and a General Motors automobile dealership.


Robert L. Farrar President & CEO

Farrar has served as an executive officer of several companies, most recently as Chief Executive Officer of Landar Corporation, the former and late Houston Mayor Bob Lanier's real estate company, and Land Tejas Companies, a residential subdivision developer. Three of Farrar's most notable Houston accomplishments are Memorial Thicket on Memorial Drive, Twin Lakes on Eldridge Road and NorthPointe East on Highway 249.

Farrar now owns and manages his own company, Palo Pinto Land Company (PPLC), a Houston-based real estate management company that was formed in 1992 in Palo Pinto County, Texas while completing the 5,000 acre Sportsman's World resort on Possum Kingdom Lake, a real estate joint venture with Mayor Lanier, which also included a closely held oil and gas exploration company. Since 2001, PPLC has recently completed, or is in the process of developing the following subdivisions in Harris County, Texas;



NorthPointe East
Champions Springs Village
Stonehedge
SilverLeaf
Villa Nova (Development Only)
SilverChase
LOTS
265
75
292
116
36
100
STATUS
Sold Out
Sold Out
Sold Out
Sold Out
Sold Out
Open Spring 2016

The company will continue to specialize in acquisitions, development, sales and investment in the local Houston residential real estate market while offering consulting services to builders, lenders and other developers.