Derrick Christy

Executive Background

Derrick Christy is a serial entrepreneur owning a diverse group of companies and commercial real estate assets. He is actively engaged in the executive management of each of these firms. He has been a donor and supporter of many charitable organizations and serves as a board member of the Johnson County Community Foundation, originally funded by Eli Lilly Corporation. In 2003, Derrick was awarded membership in the Indianapolis Business Journal’s Forty under 40 class for the 40 most prominent business leaders under 40 years of age.

Derrick Christy is President and founded in 1994, Approved Mortgage Corporation, a full service residential and commercial mortgage company. Approved Mortgage Corporation has closed well in excess of $1 billion in mortgages. He is President and founded in 2002, MVP National Title Company, provider of title insurance and closing services for residential and commercial transactions including 1031 exchanges. In 2003, he founded Jena Mae Incorporated, a billing and accounts receivable management company that services thousands of student loans for colleges, hedge funds, tutoring facilities, and vocational schools. The company utilizes an automated billing mechanism by students enrolling in an ACH withdrawal from their bank account, credit card, or payroll deduction.

Derrick Christy is the principal owner and CFO of Distance Learning Systems Indiana Inc. (DLSI) since July 2000. Distance Learning Systems is a national educational publishing company with an emphasis in nursing with over 10,000 clients enrolled nationwide. In August 2004, Derrick Christy decided to compliment DLSI’s business by opening two tutoring facilities with the brand name, Coastal Education Institute; Bayside Education Institute Inc. located in Tampa, Florida and Coastal Education Institute Inc. located in Fort Lauderdale, Florida. The tutoring facilities provide classroom instruction to students utilizing the curriculum course work and study guides produced by Distance Learning Systems. In 2006, Derrick Christy and Dave Christy also purchased Institute of Technology, an existing Florida licensed Allied Health Care School offering 11 diploma programs with student financing available from Jena Mae, Veteran’s Administration and Workforce Development.
 

Derrick Christy purchased his first piece of commercial real estate in 1998, a multi-tenant office building where Approved Mortgage was the major tenant. In 2000, he acquired 4 acres along State Road 135, developed and constructed the largest office building in Greenwood, Indiana, a 3-story, Class A multi-tenant office building. Derrick headquartered all of his entities in the 20,000 square feet of the 3rd floor. In 2005, Derrick was a major investor in a Florida residential master plan development that he sold his interest for a 100% return on investment. In the latter part of 2006, Derrick acquired a $26 million purchase of 5 shopping centers consisting of 200,000 square feet of retail space and 3 pieces of commercial development ground located primarily on the south side of Indianapolis and Greenwood, Indiana which was the 15th largest commercial real estate transaction in Indianapolis in 2006. In 2007, Derrick completed the development of two retail shopping centers; Heritage Corner consisting of 16,750 square feet at I465 South at the hard corner of US 31 and Thompson Road on the south side of Indianapolis and Charter Crossing consisting of 12,000 square feet located on the south side of Simon Greenwood Park Mall. Derrick Christy is the Chief Financial Officer at Horizon Property Group, now the third largest commercial real estate owner in Greenwood. Horizon Property Group provides property management, leasing services, and construction services for these commercial properties and other properties.