The REDICO Team

IRA JAFFE | Chairman of the Board

Mr. Jaffe has served as Chairman of REDICO’s Board of Directors since 2000. As one of the most accomplished and widely-respected real estate and corporate attorneys in the Midwest, he is a valuable advisor to the REDICO Executive Team.

Mr. Jaffe specializes in mergers and acquisitions for public and privately- held corporations as well as start-up ventures. He currently is Senior Principal, and a founding partner, of the Jaffe Raitt Heuer & Weiss law firm. He is also President and CEO of The Fisher Group, an asset-based investment group, and Vice Chairman of The Crawford Group, a company involved in diverse strategic businesses.

In addition, Mr. Jaffe is Chairman of the Board of the Fred A. and Barbara M. Erb Family Foundation, a member of the board and Executive Committee of the Detroit Zoological Society and a Senior Trustee of the Cranbrook Educational Community.

 
DALE WATCHOWSKIMember of the Board, President, Chief Executive Officer
Chief Operating Officer

Since joining REDICO in 2002, Mr. Watchowski has overseen the growth of the REDICO portfolio to over $1 billion in value, encompassing over 13.5 million square feet of space nationally. In addition to leading the development and execution of long-term strategy, he plays a hands-on role in day-to-day operations.

Mr. Watchowski’s diverse thirty year background in real estate includes work for both local and national firms and touches on development, financing, design/build, asset management, leasing and property management. Prior to joining REDICO, he was Chief Investment Officer at Kojaian Companies, where he restructured the company into a national full-service real estate organization. He has also held senior management positions at some of the nation's largest financial institutions including Citigroup (Travelers/Citigroup), HSBC (Household International) and J.P. Morgan Chase (First Chicago/ NBD).

Mr. Watchowski also serves as President and CEO of American House™ Senior Living Communities and AQUIS, an HVAC technology firm focused on cost-conscious solutions.

In addition to his professional pursuits, Mr. Watchowski supports multiple philanthropic organizations and is activewithin the community. He currently serves as Chairman of the Academy of the Sacred Heart's Board of Trustees and on the boards of The American House Foundation, and The Community Foundation of Southeast Michigan.

 
 
KAREN SOSNICK SCHOENBERG | Principal and Member of the Board

Daughter of REDICO founder Robert Sosnick, and Principal and Member of REDICO’s board since 2000, Ms. Schoenberg shares responsibility for REDICO’s overall strategic direction. With two decades of experience on Wall Street and in the financial information arena, Ms. Schoenberg also maintains responsibility for the financial investment portfolios of REDICO and its associated entities.

Prior to joining REDICO, Ms. Schoenberg accumulated broad business experience while serving as a General Manager at Compuware Corporation, and Vice President at McGraw-Hill, Knight-Ridder Financial and Dow-Jones Telerate.

Ms. Schoenberg holds an M.B.A. in Finance from the NYU Stern School of Business, and a B.A. in Psychology from the University of Michigan. Ms. Schoenberg currently serves on the board of the Jewish Federation of Metropolitan Detroit, Jewish Senior Life, the Jewish Fund, City Year Detroit and Jewish Family Service. She also chairs the Advisory Council for Project Chessed, an award-winning access-to-care network for medically uninsured adults.

 
 
DIETRICH KNOER | Chief Investment Officer

Mr. Knoer provides 17 years of domestic and international business experience in real estate capital markets, investment and asset management, deal structuring, and leadership of real estate companies. Areas of particular expertise for Mr. Knoer include originating and underwriting acquisition opportunities, joint venture and investment fund structuring, debt and equity capital origination, and investor relations.

Mr. Knoer’s started his professional career at Hines in Chicago and Atlanta. Thereafter, Mr. Knoer was with J.P. Morgan in London as senior acquisition officer for a large, global opportunistic investment fund sponsored by J.P. Morgan and O’Connor Capital. Later, Mr. Knoer became Chief Investment Officer at Higgins Development Partners in Chicago, where he was responsible for the investment strategy and management of numerous fund vehicles totaling $500 million in equity, as well as the operational and management aspects of the company.

Mr. Knoer holds his M.B.A from the Amos Tuck School at Dartmouth College, Hanover, NH and a B.A. in Economics from the Johann Wolfgang Goethe Universität, Frankfurt, Germany. He is active in numerous industry associations, and is involved in several community and charitable organizations.

 
 
 
PAUL STODULSKI | Chief Financial Officer

Mr. Stodulski provides financial insight and direction for properties in REDICO’s nationwide portfolio. He is the senior officer responsible for delivering cost-value optimization for our customers and maximum returns for our investors. In addition, he is responsible for corporate governance and for sustaining the financial health for the Company.

Over the last 15 years, Mr. Stodulski has guided the financing of over $1.9 billion in real estate transactions including the re-capitalization of the American House Senior living assets and a $130 million Southfield office portfolio transaction. He specializes in underwriting loan transactions, developing appropriate financing structures for projects and direction in loan and operating agreement negotiations.

A Certified Public Accountant, Mr. Stodulski serves as a Financial Committee member for Vista Maria, a non-profit organization helping vulnerable children throughout Southeast Michigan.

 
 
JAMES L. JONASExecutive Vice President of Building Operations and Leasing

Mr. Jonas, a 23-year veteran of the REDICO team, plays a senior leadership role in REDICO operations and strategic planning. With responsibility for managing and administering all of REDICO’s operations activities, Mr. Jonas oversees the budget and actual day to day operating performance for over 7.5 million square feet of real estate properties.

With over four decades of experience, Mr. Jonas has an impressive record of guiding projects to completion. He led REDICO to the first Energy STAR® renovation in Michigan and has worked closely with many of REDICO’s large customers including Action Benefits, AT&T, Baker Tilly, Charter One Bank, Compuware, Detroit Medical Center,DSO, Grant Thornton, GMAC, Henry Ford Health Systems, Kelly Services, Jaffe Raitt, Lear, Lehman, MetLife, Morton's, Oakwood Healthcare, The University of Michigan, Travelers Insurance, among others.

Prior to joining the Company, Mr. Jonas spent 25 years in the financial and real estate industries including serving as a CPA and Senior Auditor with Ernst & Young and Executive Vice President and Chief Operating Officer of the Empire of America savings institution.

A Certified Public Accountant, Mr. Jonas was Past President of the Building Owners and Managers Association of Metropolitan Detroit Chapter, a licensed real estate broker (Michigan and Hawaii), and a Regional and National Board Member of the Union of American Hebrew Congregations.

 
 
JESSICA GARD | Vice President of Human Resources

Ms. Gard oversees all aspects of human resource management for the Company’s more than 400+ employees. From recruitment and employment policies to compensation and benefits, Ms. Gard is responsible for continually evolving strategies and implementing values that support the Company’s business plan.

Utilizing her two decades of corporate experience, Ms. Gard has earned an array of workplace honors for REDICO in recent years including the “101 Best and Brightest to Work For” (five-time winner) and a “Cool Places to Work” award.

Prior to joining the Company, Ms. Gard served on both the employer side and consulting side of the Human Resources field, serving Fortune 500 companies including General Motors and EDS.

Ms. Gard is a certified Senior Professional in Human Resources.

 
 
KENNETH G. TILL | Senior Vice President of Development

In this role since 2005, Mr. Till leads the development, redevelopment and acquisition of retail and office projects. To date, he has directly managed over five million square feet of commercial development.

Specializing in project management, he has been at the forefront of large REDICO projects such as the Dearborn Town Center medical project that was named the Urban Land Institute Development of the Year, the relocation of the Legal Aid public law firm and the ground-up development of the Romeo Commons Retail Center.

Earlier in his career, he led the Superfund environmental restoration of the highly contaminated Otis Air National Guard Base site, the design of the 1.1 million square feet Union Pacific headquarters in Omaha and directing ten construction managers to provide tenant improvements to a 10 million square foot office portfolio in southern California.

Mr. Till has a B.S. in Architectural Engineering, a Master of Civil Engineering and an M.S. in Real Estate Science and Land Economics. Mr. Till is a member of the ULI and the International Council of Shopping Centers.

 
 
SCOTT A. WORTMAN | Vice President of Development

For over a decade, Mr. Wortman has played a senior role in managing REDICO projects from their initial phase to completion, including the management and administration of new property development. In addition, he provides design, budgeting and scheduling recommendations for new site selections. From contributing to the design and development of buildings to managing, coordinating and optimizing multiple contractors, Mr. Wortman takes a project from concept to delivery.

Over his career, he has worked on over 10 million square feet of office, retail and health care properties totaling over $800 million in value. Utilizing his hands-on management approach, he has led REDICO in the completion of the Fifth Third Corporate Center in Florida, taking a bare concrete building and delivering a completed eight story, 166,000 Class A facilities.

Mr. Wortman holds both a Bachelor of Science and Bachelor of Architecture.

A licensed architect, and LEED® AP accreditation, he is a member of the American Institute of Architects and the Michigan Institute of Architects. In addition, he sits on the International code council Committee for the State of Michigan and is a member of the International Council of Shopping Centers.

 
 
SCOTT McCARTHY | Vice President of Retail Development

Joining the Company in 2005, Mr. McCarthy has over 30 years experience in retail leasing and development. With direct oversight for the implementation of the Company’s retail program, Mr. McCarthy is involved in numerous areas of the business from development and leasing to providing operations support.

Since joining REDICO, he has spearheaded the opening of the Waterside Marketplace retail center in suburban Detroit and University Marketplace in Indiana, securing national anchor stores Meijer’s and Kohl’s.

Before joining REDICO, Mr. McCarthy was an officer at two of the nation’s major real estate REITS, Glimcher Realty Trust and The Taubman Company, and was involved in the development of over 10 million square feet of retail space. He is a member of the International Council of Shopping Centers.

 
 
SCOTT D. MILLIGAN | Vice President of Facility Services

Joining the organization in 2005, Mr. Milligan is responsible for managing Continuum Services, REDICO’s facility services company – from daily operations to resource management to profit/loss. Through Continuum, Mr. Milligan not only serves REDICO’s customers but supports the Company’s diversification strategy by creating a new channel of revenue and growing a customer base that currently includes hundreds of properties.

Mr. Milligan assists buildings owners in achieving optimal return on their technical investments through knowledge-based solutions and best practices expertise. Combining his technical knowledge with his ability to build strong business relations, he has directed Continuum to 20 percent annual growth since 2007 and has expanded their service line.

Before joining the Company, Mr. Milligan held positions in the commercial real estate industry, including Project Manager, Contracting Solutions Manager, Account Manager and Commercial Buildings Sales Team Leader. He is a past winner of the International Building Owners and Managers Association (BOMA) Emerging Leader of the Year Award, and a member of the International Facility Management Association and the Engineering Society of Detroit.

 
 
 
JACQUELINE A. PAUL | Director of Asset Management

Ms. Paul oversees the asset management activities for the Company’s portfolio of properties. With more than two decades of experience in the industry, she assists in maximizing value for REDICO’s customers by implementing strategies for their real estate investments.

Ms. Paul has direct responsibility for several of the Company’s flagship properties, totaling over three million square feet. She is a Certified Public Accountant, a member of the Michigan Association of Certified Public Accountants and holds a Michigan real estate license.

Prior to joining the Company in 2010, Ms. Paul was Partner and Chief Operating Officer of Milestone Realty Services, with responsibility for the asset management of their real estate debt and equity investment portfolio and oversight of the origination and disposition of investment real estate.

 
 
BARBARA A. EATON | Director of Leasing

Joining REDICO in 2011, Ms. Eaton provides oversight for the Leasing Department and is responsible for implementing real estate solutions to increase REDICO’s market share and performance.

Her 20 years of experience in assisting landlords and tenants in achieving their real estate goals has resulted in individual transactions as large as one million square feet in the education, healthcare and automotive sectors. Having worked with Chrysler, Central Michigan University, General Motors, AT&T, Comcast and Lockheed Martin, to name a few, her extensive clientele list has taken her across the United States and around the world.

Ms. Eaton began her career as a Tenant Rep Broker, and within a few years she managed the office brokers at Colliers International in Southfield, MI. From 2000 to 2006 she managed the UGL Equis office, an international real estate firm, and received national recognition on the cover of Corp! Magazine, for her team leadership resulting in pinnacle real estate production. In 2006 Ms. Eaton founded her own corporate real estate firm, CORE Partners, which she later sold to become a Principal / Owner in the Staubach Company, which was purchased by the international giant Jones Lang LaSalle.

A licensed real estate broker in the State of Michigan.

 
 
WILLIAM M. WYLONIS | Director of Facility Management

Joining REDICO in 2011, Mr. Wylonis brings 30 years of experience managing commercial office space to each project assignment. His significant experience encompasses the global responsibilities of the REDICO portfolio, including purchasing, asset, project, and construction management, for millions of square feet of space and multi-million dollar budgets, consistently producing exceptional results for clients.

Prior to joining REDICO, Mr. Wylonis was the General Manager for New York based asset management company, and was Director of Facility Management for a $6 billion dollar global automotive company.

Mr. Wylonis is the past President of Building Owners and Managers Association of Detroit (BOMA) and is also the Chairman for Angels of Hope of Michigan, a children’s and family cancer foundation.