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MANDEL GROUP ANNOUNCES SUCCESSION PLAN, NEW PRESIDENT, COO


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Posted on July 9th, 2020

Barry Mandel named Chairman and CEO; Ian Martin named President; Phillip Aiello named COO; Jason Babcock named Senior VP; Bob Monnat and Dave Pavela named Senior Partners

MILWAUKEE – Mandel Group, Inc. (MGI), a Milwaukee-based real estate services firm, announced today the implementation of its leadership succession plan, in which members of the emerging leadership group will take on key, new roles in the company.

“We have been carefully preparing for the long-term future of the company for many years,” said Chairman and CEO Barry Mandel. “The changes we’re announcing today reflect the continuation of a natural evolution in our leadership team to carry forward the larger, more diversified business we have become over the last 30 years.”

Effective immediately, founder and current President Barry Mandel will serve as Chairman and Chief Executive Officer. Ian Martin was elevated to President, and Phillip Aiello was named Chief Operating Officer. Bob Monnat and Dave Pavela will transition to Senior Partners with the firm, and Dave Pavela will continue as Chief Investment Officer. Jason Babcock was promoted to Senior Vice President of Acquisitions & Dispositions to lead the firm’s activity in acquiring properties throughout the Midwest. Angie Achenbach was hired in December of 2018 as Chief Financial Officer when Dave Pavela was elevated to Chief Investment Officer. Don Lindeman, President of the Management Company, and Sherry Meyers Thompson, Controller, will add to the leadership group.

The new leadership team structure will enable the company to continue to draw upon the deep experience of its senior leadership group, while elevating members of its emerging leadership group. The plan builds on MGI’s existing strengths, retains institutional knowledge and positions the company for even greater success in the future.

“Our entire leadership team is committed to moving the company forward with the same core values that have made us successful for the last 30 years,” said President Ian Martin. “With those core values is a commitment to exceptional customer service, integrity and respect for all we do business with and a dedication to bettering the communities in which we invest.”

Founded in 1991, Mandel Group has grown into a multi-faceted real estate development and services firm with significant operations in development, acquisition, construction and property management. It is widely recognized as the premier residential multi-family developer in the greater Milwaukee area.

Since its inception, Mandel Group has completed over $1.5 billion in real estate transactions and currently owns assets in five Midwestern states exceeding $1 billion in value. The company’s active pipeline of near-term and future projects approximates $500 million in metro Milwaukee and throughout the company’s targeted Midwest region.

“The past three decades have been a remarkable journey and the resiliency of our business model has been proven by the unthinkable challenges faced during that time,” said Chairman and CEO Barry Mandel. “I am confident that with our emerging leadership team now in place we are positioned to eclipse our past success as a real estate company.”

About Mandel Group

Mandel Group, Inc. is a national award‐winning builder and developer headquartered in Milwaukee. Founded in 1991, Mandel Group has developed or transacted over $1.5 billion of residential and commercial real estate development and acquisition activity in the metropolitan Milwaukee area as well as select Midwestern markets. Among its developments are East Pointe, a 9‐block redevelopment of a vacant freeway corridor north of Milwaukee’s CBD; University Club Tower, a 36 story, $100+ million high rise luxury condominium tower on Milwaukee’s lakefront; and The North End, a $175 million, multi‐phased mixed‐use neighborhood on the site of the former US Leather Tannery. Further information is available at www.mandelgroup.com.

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