The Team
Brett Miller
President and CEO
Bill Arpe
Shareholder and Founder of FRED
Ted Kellner
Chairman and Majority Shareholder
Steve Bersell
Chief Operating Officer
Austin Mautz
Chief Financial Officer
Ryan Schultz
Shareholder & Executive Vice President
Craig Raddatz
Executive Vice President
Peter Todd
Vice President of Construction
Tony DeRosa
Vice President of Development
Michael Bingham
Vice President of Property Management
Jackie Forecki
Vice President of Human Resources
Kristi Peirce
Vice President of Corporate Finance
Casey Malek
Vice President of Asset Management
Jeff Leamy
Director of Maintenance
Greg Thelen
Director of Capital Markets
Andy McDonald
Director of Property Management Accounting
Glenn Hofer
Director of Construction – Western Region
Tim Wittkopp
Director of Construction – Eastern Region
Paul Schmitter
Director of Development
David Ferrell
Director of Development
Heidi Kivi
Director of Property Management Operations
Andy Kiener
Senior Director of Property Management
Rachel Wagabaza
Director of Property Management
Tyler Giese
Director of Property Management
Shauna Tisdall
Director of Property Management
Brett Miller
President and CEO
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.
Bill Arpe
Founder and Shareholder of FRED
William (Bill) R. Arpe is a Founder and Shareholder of FRED and
former 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
Chairman and Majority Shareholder
Ted Kellner, CFA is the 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
Chief Operating Officer
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 Mautz
Chief Financial Officer
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 Schultz
Shareholder & Executive Vice President
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 Raddatz
Executive Vice President
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 Todd
Vice President of Construction
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
Vice President of Development
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.
Glenn Hofer
Director of Construction – Western Region
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.
Jackie Forecki
Director of Human Resources
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.
KRISTI PEIRCE
Vice President of Corporate Finance
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.
GREG THELEN
Director of Capital Markets
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.
PAUL SCHMITTER
Director of Development
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.
Andy Kiener
Senior Director of Property Management
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.
RACHEL WAGABAZA
Director of Property Management
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.