Mark Reiling joins Schafer Richardson as Partner and will lead its Real Estate Investment Trust
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Schafer Richardson, Inc. announced today that Mark W. Reiling, CRE, SIOR has joined the firm as Partner. His primary role as President will be to oversee and direct SR Realty Trust, Inc., a private equity real estate investment trust, focused on the acquisition of income-producing properties located in Minneapolis and the Upper Midwest. Mark has more than 35 years of commercial real estate investment, finance, development, sales, leasing, management and consulting experience. Most recently, Mr. Reiling held the position of Chief Investment Officer for IRET Properties, and prior to that, was with Colliers Towle Real Estate Company and its successor companies for 29 years, 17 of them as President. He began his career at Citicorp Real Estate, Inc.
Mr. Reiling holds a BBA in Finance from the University of Notre Dame. He also holds the CRE designation from the Counselors of Real Estate and SIOR designation from the Society of Industrial and Office Realtors. Mark is also the 2016 NAIOP Minnesota Chapter President and a licensed real estate broker in the State of Minnesota. Mr. Reiling is also a member of the Urban Land Institute and Young Presidents Organization. Mark has also served as a member on Sunrise Bank’s Board of Directors since 1985.
“We are excited to have Mark Reiling join our firm,” stated Brad Schafer, CEO of Schafer Richardson. “We have known Mark for a long time, have completed two joint ventures with him during his time with IRET, and we value his integrity. Mark will guide the direction of SR Realty Trust, manage portfolio growth and focus on increasing net operating income. We value his experience in successfully leading a large, full-service real estate company, as well as his investment track record.”
About SR Realty Trust, Inc. (SRRT)
SRRT is a real estate investment trust (REIT) sponsored by Schafer Richardson, and was founded in 2014. The REIT currently owns 14 properties and minority interests in five other properties, primarily located in the Minneapolis and Omaha metropolitan areas. The company holds its assets through an operating partnership which it controls as General Partner and is organized as an Umbrella Partnership Real Estate Investment Trust (UPREIT). The Company uses this structure to facilitate the acquisition of commercial real estate properties on a tax-deferred basis for the transferring property owner.