The Team

Brett K. Miller is the Chief Executive Officer, President, member of the Board of Directors and a principal of Fiduciary Real Estate Development, Inc. (“FRED”). Brett has been with FRED since 2006 and has served over the years as General Counsel, Vice President and Chief Operating Officer. Brett is responsible for all operations and strategic vision at FRED.

Prior to joining FRED, Brett was an attorney with the law firm of Davis & Kuelthau in Milwaukee for 17 years, where he was a partner, the Chair of the Business Team and a member of the Board of Directors. During his tenure at Davis & Kuelthau, Brett was the primary outside counsel representing FRED on nearly all of its property acquisition and development transactions and he handled hundreds of real estate and business transactions for other clients.

Brett holds a Juris Doctorate from the University of Wisconsin-Madison Law School and graduated magna cum laude from Central College, Pella, Iowa with a Bachelor of Arts Degree in Political Science.

Brett volunteers for the Boy Scouts of America where he serves as member of the Executive Board and is a past Council President for the Potawatomi Area Council and he has served as an Assistant Scoutmaster in Boy Scout Troop 167. Brett is an Eagle Scout, a Vigil member of the Order of the Arrow and has earned the District Award of Merit and the Silver Beaver Award. Brett also serves as a volunteer for St. Paul’s United Church of Christ where he is a member of the Personnel Committee and the Pastor Parish Relations Committee, and has served in various other roles including Church Council Member and Past Council President. Brett has also been an active member of the community in Richfield, WI, were he has coached baseball and basketball.

Brett and his wife, Susan, reside in Richfield, Wisconsin. They have three adult children.

William (Bill) R. Arpe is Chairman of Fiduciary Real Estate Development, Inc. (FRED). Prior to serving as FRED’s Chairman, Bill served as President and CEO between 1985 and 2012. He, along with Ted Kellner, founded FRED in 1985. Since that time, FRED has grown from being an acquirer and property manager of stabilized multifamily apartments, into the fully integrated real estate development and investment management company that it is today.

Bill earned his Bachelor’s of Science Degree in Mechanical Engineering as well as a Bachelor’s Degree in Business Administration in 1968 from the University of Wisconsin-Madison. Prior to co-founding FRED, he was a Senior Manager in Arthur Andersen and Company, SC’s consulting services practice, currently known as Accenture Consulting.

Bill has been active in various organizations including the Board of Directors and Treasure of BOMA, the Board of Directors and Audit Committee Chairman of Ozaukee Bank, as a trustee at Ozaukee Congregational Church, the Board of Directors for the Downtown YMCA, the Board of Directors on the University of Wisconsin Alumni Association, and as a member of the Community Roundtable at Concordia University.

Bill and his wife, Marianne, reside in Mequon, Wisconsin. They have three adult daughters and nine grandchildren.

Ted Kellner, CFA is the Executive Chairman of Fiduciary Real Estate Development, Inc. (FRED) and one of the founding members of FRED. He is the retired founder and portfolio manager of Fiduciary Management, Inc., an investment management firm established in 1980.

Ted earned his BBA in Finance, Investment and Banking at the University of Wisconsin School of Business in 1969 and participated in the Brittingham Scholar program at Oslo University in 1969. He served as Vice President and Research Analyst for Brittingham, Inc. of Wilmington, Delaware from 1969 to 1973 and as Vice President of Milwaukee-based Nicholas Company, Inc. from 1973 to 1980.

Ted has served on and continues to serve on various corporate, charitable and educational/civic organizations including American Family Mutual Insurance Company, Park Bank, BMO Harris Bradley Center, Lakeview Equity Partners LLC, Children’s Hospital System, Chipstone Foundation, Fund for Wisconsin Scholars, Milwaukee World Festival, Inc (past Chairman), Greater Milwaukee Committee (past Chairman), Medical College of Wisconsin, Metropolitan Milwaukee Association of Commerce (past Chairman), University of Wisconsin Foundation, and University of Wisconsin National Alumni Association.

Ted and his wife, Mary, reside in Mequon, Wisconsin. They have three adult children and five grandchildren.  

Steve Bersell is the Chief Operating Officer and General Counsel of FRED. Steve has been with the Company since 2012 and is responsible for all development operations, acquisitions, dispositions, legal matters, and risk management.

Steve’s professional background includes practicing law, real estate development, and commercial real estate brokerage. Steve holds a JD/MBA from the DePaul University College of Law and a BBA in Finance and Real Estate from the University of Wisconsin at Madison. Steve is a licensed attorney and real estate broker in both Wisconsin and Illinois.

Steve is an active and longtime volunteer as a member of the Board of Review for the City of Mequon, the Boy Scouts of America and Ozaukee Congregational Church. Steve has also been an active member of his community as a board member and coach for numerous youth sports.

Austin J. Mautz is the Chief Financial Officer and Vice President of Fiduciary Real Estate Development, Inc. (“FRED”).   Austin has been with FRED since 2017, and oversees all aspects of the finance, accounting, and capital markets functions of the company and its subsidiaries, including sourcing and structuring acquisition and development financing, ongoing asset management, as well as investor relations and reporting.

Prior to joining Fiduciary, Austin was a Director and Senior Vice President of Commercial Real Estate at BMO Harris Bank. Throughout his 17 year career at BMO Financial Group, he was involved in hundreds of transactions involving acquisition and development financing primarily related to Multifamily, For-Sale Residential, and Mixed-Use properties.

Austin holds an undergraduate business degree in Real Estate and Urban Land Economics from the University of Wisconsin-Madison (BBA 2000), and a Master’s in Business Administration from Marquette University (MBA 2013) in Milwaukee, WI.

He is currently a full member of the Urban Land Institute (“ULI”), having participated in the ULI-NEXT Global Council, as well as the ULI Chicago District Product Council on Urban Development and Mixed-Use Development. He is an active member of the Board of Advisors at the Graaskamp Center for Real Estate at the UW-Madison School of Business, a member of the Wisconsin Board of Directors of CommonBond Communities, and a member of the Board of Directors of the Betty Brinn Children’s Museum.
Austin and his wife, Lisa, reside in Delafield, Wisconsin.  They have 4 children.

Ryan D. Schultz is a Shareholder & Executive Vice President, member of the Board of Directors and a principal of Fiduciary Real Estate Development, Inc. (“FRED”).  Ryan joined FRED in fall of 2018 after merging HSI Properties (“HSI”); a company he founded in 2007, into the operations of FRED.  

As President of HSI, Ryan led the development and construction of more than $300 million in property asset value, including 1,100 market rate multifamily units and 500,000+ sf of commercial space comprised of industrial, office, retail and healthcare.  Schultz remains the principal and controlling interest of 10 limited partnerships that include $75 million in private-preferred equity.  Schultz’s accomplishments were recognized by the Business Journal of Milwaukee as one of 2010’s 40 under 40.

In his role at FRED, Schultz helps oversee business development, development operations, strategic planning and preferred equity.  

Schultz earned Bachelor of Business Administration degrees in both Real Estate & Urban Land Development and Marketing from the University of Wisconsin – Milwaukee in 1999.  He is an annual guest lecturer at his alma mater’s Sheldon B. Lubar School of Business.

Schultz holds a Wisconsin real estate license and is active in (“CARW”) the Commercial Association of Realtors, and (“NAIOP”) National Association of Industrial and Office Property.  He has served on the board of directors for the University of Wisconsin – Milwaukee Alumni Association, United Way of Milwaukee – Emerging Leaders Council, the Zoological Society of Milwaukee, and (“FOBL”) the Friends of Beaver Lake. 

Schultz is married with two children and a resident of the Village of Chenequa, Wisconsin.

Craig A. Raddatz is an Executive Vice President, member of the Board of Directors and a principal of Fiduciary Real Estate Development, Inc. (“FRED”). Craig has been with FRED since 1996 and has served over the years as Vice President of Development and Vice President of Acquisitions. Craig is responsible for the acquisition, entitlement and execution of new developments at FRED.

Prior to joining FRED, Craig was with Lehman Brothers in New York and Chicago for 7 years, where he was a Vice President of Institutional Fixed Income Sales.

Craig holds a Master’s Degree in Real Estate Appraisal and Investment Analysis (1995) and an Undergraduate Degree in Finance and Marketing from the University of Wisconsin-Madison (1987). During his years in undergrad he also became a four year letter winner and was a co-captain of the football team.

Craig volunteers for the Big Brothers Big Sisters of Milwaukee and Waukesha Counties NFL Alumni Chapter Golf fundraiser for the last 20 years. Craig is an active member in Life Church of Germantown and also has been a 20 year member and co-leader in a bible study focused on challenging men to pursue significance in their faith, families and communities. Craig has been married to his wife Mary for 28 years and has three adult children Claire, Kyle and Jake.

Peter K Todd is the Vice President of Construction for Fiduciary Real Estate Development, Inc. (“FRED”). Peter has been with FRED since 2015 and is charged with leadership of the Construction Division. This includes creation of design/construction standards and processes, understanding market conditions, maintaining development quality standards and employee development/retention. The FRED Construction Division is one of the largest residential construction firms within Wisconsin working exclusively for the FRED Organization.

Prior to joining FRED, Peter was an Owner’s Agent for some of the most complex and collaborative projects in the Midwest. Some of the project experience include: Palos Health Campus expansion and moderation, North Park University Johnson Center, Sherman Health, Burlington Hospital, Northwestern Prentice. Throughout Peter’s career, he has been responsible for, or involved with, more than $2 billion in residential, healthcare and institutional facilities development. Several of these projects have been nationally recognized for coloration, design and/or execution.

Peter graduated from Purdue University with a Bachelor of Science in Building Construction Management. Peter also volunteers at Ebenezer Child Care Centers where he consults on the expansion of Child Care Centers around the Milwaukee area.

Tony DeRosa is the Vice President of Development as well as a project principal of Fiduciary Real Estate Development, Inc. Tony is responsible for leading the company’s growing development team including all aspects of the firm’s development activities, from sourcing opportunities to working closely with lenders, architects and contractors.

DeRosa has over 17 years of significant experience in all areas of real estate development, financing and acquisitions and was recognized as a Milwaukee Business Journal 40 Under 40 award recipient in 2013 for his accomplishments in the industry as well within the community. Over the course of his career, DeRosa has been in involved in more than $500M of real estate development and investment transactions.

He graduated with Distinction Honors from the University of Wisconsin – Madison School of Business with a degree in Real Estate and Urban Land Economics. His focus and determination pushes him to continue to bring an endless amount of new ideas to Fiduciary for the growth of the company.

DeRosa holds a Wisconsin real estate license and is active in a variety of organizations throughout the community. DeRosa is a resident of Brookfield, Wisconsin.

Hometown: Madison, WI

My proudest FRED moment:

I am so proud of the people that I am able to work with on a daily basis. It is exciting to be part of a growing company. I especially enjoy watching people grow within the company.

Hometown: Canova, South Dakota

College Attended: South Dakota State University

Why I love working for FRED:

I truly enjoy building FRED’s Multi-Family construction projects, we deliver successful projects with team effort and great pride.

Hometown: Oconomowoc, WI

College Attended: UW-Platteville

Why I love working for FRED:

I am proud to be a part of the continued successful project turnovers.

Hometown: Milwaukee, WI

College Attended: UW-Madison and UW-Milwaukee

Why I love working for FRED:

At FRED, we take the time to consider the impact every decision will have on our employees. That's so important to me as an HR leader. People really is the focus of what we do, with both employees and residents.

Hometown: Mankato, MN

College Attended: UW-Milwaukee

Why I love working for FRED:

Being a part of the team and the vision for FRED and FRED’s growth.

Hometown: Eagle, WI

College Attended: UW - Whitewater

Why I love working for FRED: 
The significant growth at FRED creates opportunities for all in the Organization.

Hometown: Crystal Lake, IL

College Attended: Elgin Community College

Why I love working for FRED: 
I love the work and the people. I truly enjoy being a part of the FRED family.

Hometown: West Bend, WI

College Attended: UW-Stevens Point

Why I love working for FRED: 
I’m proud to be part of the FRED family and a great team camaraderie that truly cares about its residents, investors, and employees.

Hometown: Platteville, WI

College Attended: Lakeland College

Why I love working for FRED:

I am with dedicated people every day that work together toward the common goal of success for FRED, Team and Self.

Hometown: Oconomowoc, WI

College Attended: UW-Stout

Why I love working for FRED:

Being part of a growing development team and facilitating smooth transitions between all parties when a new project is underway.

Hometown: Winnetka, IL

College Attended: Cornell College

Why I love working for FRED:

Working with a focused and dedicated team that has a passion for the industry and respect for each other.

Hometown: Theresa, WI

College Attended: Madison College

Why I love working for FRED:

There is a team approach to every aspect of our company, and everyone shares the common goal of making this a great company to be a part of.

Hometown: Middleton, WI (via Kampala, Uganda)

College Attended: University of Wisconsin - Madison

Why I love working for FRED:

I work with intelligent, innovative, successful, and fun people! This makes for an amazing work culture where individuals are valued and supported to grow professionally.

Hometown: Lake Geneva, WI

College Attended: UW-La Crosse and UW-Milwaukee

Why I love working for FRED:

The people and the team environment.