Indianapolis State of the Market

CPROP’s blockchain-powered workflow management system is a planned integration with property portals around the world to help deliver an unprecedented level of trust to real estate transactions while increasing their revenue opportunities. For property buyers, CPROP aims to remove anxiety associated with long-distance transactions by providing blockchain-authenticated documents, smart contract escrows, process automation and options to choose user-rated service providers.

As President and CEO of Keystone Construction and Keystone Realty Group, Ersal has made a considerable impact on the Indianapolis community. He brings expertise, leadership, and vision to the companies, igniting a hunger for growth and development. Ersal graduated from Purdue University with a bachelor’s degree in Civil Engineering. He is also a graduate of the Stanley K. Lacy Executive Leadership Class XXVIII. He speaks to various groups and has been interviewed about a variety of international issues over the years. Some of his hobbies are traveling, spending time with family and friends, playing soccer, playing table tennis, and supporting the local art community. Ersal is also the Owner of Indy Eleven, Indianapolis’ professional soccer team. PERSONAL AND PROFESSIONAL ACTIVITIES: Board of Governors, North American Soccer League, Executive Committee; Board of Directors, Indiana Chamber of Commerce; Board of Directors, Indy Chamber, Executive Committee; Board of Trustees, University of Indianapolis; Board of Governors, Indianapolis Museum of Art, Secretary and Executive Committee' Board of Directors, Palladium, Center for the Performing Arts, Executive Committee; Board of Directors, Greater Indianapolis Progress Committee; Board of Directors, Children’s Bureau Foundation; Board of Advisors, Purdue University School of Civil Engineering; 2012 Super Bowl VIP Services Host Committee, Co-Chair; Board of Directors, Current Publishing, Chairman; Member, Rotary Club; Member, American Society of Civil Engineers, Past Treasurer; Member, National Association of Industrial and Office Properties; Member, International Council of Shopping Centers, Inc.; Children’s Bureau, Past Chairman.

Max is Founder and Managing Director of Heartland Ventures. While pursuing his BS from the Indiana University Kelley School of Business, Max served as CEO/Founder of both CleanSlate and Peloton Investors, from which he gained valuable domain and entrepreneurial experience, as well as a deep understanding of Midwestern business trends and practices. Through the process of inventing, designing, and marketing, Max was able to patent and license CleanSlate, a technology that prevents cheating on written exams. Prior to developing CleanSlate, Max founded Peloton Investors, a Milwaukee-based real estate investment firm, which he grew to 450 residential units. Max also led the acquisition of a ten-employee Midwestern construction company, which subsequently experienced 20X revenue growth. Max serves on several regional boards designed to increase per capita income and entrepreneurial activity. He also serves as a founding board member of the University of Notre Dame’s inaugural venture capital fund. Max has received national recognition for his achievements and community impact. He was awarded an Edison Award in 2017 for innovation, received 1st place in the national Recess pitch competition, and placed 1st in the Indiana University IDEA Competition. In addition, Max was nominated as an Indiana Rising Star for enhancing the state’s entrepreneurial growth and competitiveness.

Senior Managing Director for Integra Realty Resources–Indianapolis. Background includes two years as Staff Appraiser for the Indiana State Highway Commission and over forty years serving the public in real estate valuation and consulting. Recent experience is concentrated in major urban and suburban development projects, as well as public development and redevelopment projects. Valuations have been performed on various property types including single and multi-tenant retail properties, apartment complexes, single and multi-tenant industrial properties, low to high rise office buildings, mixed use facilities, residential subdivision analyses, and vacant land for different uses. Specialized real estate valued includes military bases, hospitals and medical centers, nursing homes, churches, and recreational properties. Valuations have been performed for mortgage loan purposes, equity participation and due diligence support, estate planning, condemnation proceedings, insurance purposes, and real estate tax valuation. Assignments have included the valuation of proposed properties, distressed properties, contaminated properties, and market studies. Currently certified by the Appraisal Institute’s voluntary program of continuing education for its designated members and the American Society of Real Estate (ASA) continuing education requirements. Real Property Valuation & Consultation - 1972-Present.

Thirty years ago Hendricks Commercial Properties, LLC (HCP) (also known as Hendricks Development Group) was established to invest in, manage and develop real estate throughout the United States. HCP specializes in net leased real estate investments, management and development with outside-of-the-box solutions to the most challenging of real estate needs. The company prides itself on being a reliable landlord that is value and quality conscious, while maintaining an entrepreneurial spirit that allows innovation in delivering exceptional quality and service to all of its current and future tenants. Currently managing over 10 million square feet of real estate, HCP focuses its real estate efforts primarily on industrial, retail and office/mixed use investments and projects. HCP is an affiliate of HHC, under common control and ownership.

Joshua Messier is a Managing Director with Hunt Real Estate Capital. Based in New York, Mr. Messier is responsible for structuring and marketing the firm’s platform of mortgage banking products throughout the United States. Mr. Messier began his mortgage banking career with Hunt Real Estate Capital in 2007. Prior to joining the firm he was an Assistant Vice President at Brown Brothers Harriman & Co. (BBH) where he was the Business Line Controller for the Investment & Wealth Management division, responsible for the financial planning and analysis of a $42 billion portfolio of assets. Prior to BBH, Mr. Messier spent four years at Lehman Brothers as a Financial Analyst in the Fixed Income and Strategic Business Planning divisions. Mr. Messier holds Bachelor of Science degrees in finance and information management and technology from Syracuse University.

Gary Perel is a principal at ALO Property Group, LLC, a partner at ALO Property Management, and has spent over 18 years creating value and success for real- estate clients throughout the country. Gary has completed over 3 million square feet of retail transactions, and has supported numerous national and regional retail clients, including Marsh, Corner Bakery, T-Mobile, Pinstripes, Brothers Bar and Grill, Bar Louie, Yats, Naked Tchopstix, and many others in expanding their brands nationally. Gary has also represented and continues to represent some of Indy’s most prolific developers including Buckingham Companies, Keystone Realty, and Anderson Birkla, as well as out-of-state developers like Campus Advantage, Guggenheim, Gilbane, Kimco Realty Corp., HRI and others. Currently, Gary focuses a lot of his time on assisting developers assemble properties in Indiana and has become the go to expert in mixed-use development in the mid-west. In the last 5 years, Gary has been involved in close to $500M in urban and suburban mixed-use projects focusing on retail, multi-family, and student housing. Additionally, Gary maintains a strong focus on restaurant and retail brokerage. Prior to joining the ALO Property Group, Gary was Sr. Vice President of the Retail Division at Newmark Knight Frank Halakar. He also previously served as vice president of a local Indianapolis boutique real estate firm where he specialized in tenant representation and development for over eight years. Gary has spent most of his professional career as a business owner and entrepreneur. He owned and operated a successful music publishing company and record label that produced multiple national acts, and developed a successful equity options trading platform as a licensed Series 8 Securities Broker. Throughout his real estate career, Gary has leveraged his entrepreneurial approach and business knowledge to successfully assist local and national companies in securing premier real estate locations. His critical thinking and solution-based approach create positive outcomes and seamless processes for his clients, reflecting his “client first” philosophy. He is known for being a tenacious advocate for his clients, a fair and diligent negotiator, and a trusted advisor for multinational companies and mom and pops alike.

Keith W Stark is the Founder & CEO of ConsortiumCRE established in 2013. With initial roots in retail having worked for K’s Merchandise Mart a Decatur Illinois based retail catalog showroom and JM Jones a SuperValu DC in Urbana Illinois in the early years of his career, Keith fully understands the various facets of retail, distribution and real estate not only from a real estate practitioners perspective but that of a retailer and logistics perspective as well. After Graduation from the University of Illinois (UIUC Campus) with extensive studies in economics and real estate, Mr. Stark moved to Indianapolis in 1989 and immediately became involved in commercial real estate where he served as a senior leasing associate with Tri‐land Properties a regional developer and redeveloper of grocery anchored centers. As the majority of larger shopping centers shifted to REITs in the 90’s Mr. Stark entered into the brokerage arena prior to forming SITUS Realty Corp. in 1999 and still is the president of the company. SITUS entered into an agreement to transfer the US Trademark for “SITUS” in 2013 leading to the formation of ConsortiumCRE. As a real estate practitioner, Mr. Stark has completed transactions with the nations largest retail chains, consulted with and preleased/sold major retail and mixed‐use developments and provided tenant representation to retailer’s ranging from Ascena Retail, Caleres, FedEx Office, Walmart, JCPenney, JoAnn Stores, Hobby Lobby and Home Depot to Firehouse Subs, AT&T, and UbreakiFix. Many restaurant deals have been negotiated from the ground up or fitted to an existing space throughout the Midwest and now Southeast. Nearly every community in IL, IN, OH, MO and KY has been evaluated by ConsortiumCRE for customers/clients. Various markets throughout the Southeast from Raleigh/Durham North Carolina to Miami Florida are target for expansion.