Gyrodyne Company of America, Inc. (NASDAQ: GYRO) operates as a diversified real estate and healthcare services company. Through its real estate segment, the company holds a portfolio of properties on Long Island, New York, including residential, mixed-use and land development sites. Gyrodyne’s holdings encompass both fully leased properties and parcels earmarked for future development, allowing the company to generate stable rental income while pursuing capital appreciation over the long term.
In parallel with its real estate activities, Gyrodyne provides hospice and palliative care services through its subsidiary, WRS Group. This healthcare arm delivers end-of-life medical care, counseling and bereavement support to patients and families across New York and Florida. The company’s interdisciplinary team of nurses, social workers and chaplains works in home-based, inpatient and outpatient settings, focusing on personalized care plans and community outreach to ensure broad access to its programs.
Originally founded in 1966 to develop and manufacture unmanned rotorcraft, Gyrodyne pivoted away from aerospace in the 1980s, selling its manufacturing operations and transitioning into real estate investment and healthcare services. Over the decades, the company has steadily built its real estate portfolio through strategic land acquisitions and leasing agreements, while selectively expanding its hospice business to meet growing demand for compassionate, patient-centered care.
Gyrodyne is led by President and Chief Executive Officer William P. Higgins Jr., who brings extensive experience in both real estate development and healthcare management. Under his leadership, the company continues to balance its dual-segment strategy by optimizing property utilization on Long Island and enhancing the geographic reach of its hospice services. Gyrodyne’s board of directors maintains oversight of corporate governance and strategic planning, positioning the company for sustainable growth in its chosen markets.
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