Core Redevelopment, LLC was started in 2009, by an experienced industry professional seeking to pursue creative real estate solutions in today’s tumultuous market. Core is a licensed general contractor, and a member of The Builder’s Association of Greater Indianapolis.
Mr. Watson’s extensive development resume was largely completed while serving as the development partner of Van Rooy Properties in Indianapolis, Indiana. Purchasing his first apartment building at twenty-four, John has acquired, rehabilitated and operated thousands of apartment units in Indiana, Wisconsin and Florida. An amiable partnership buyout of Mr. Watson’s interest in the Van Rooy portfolio was completed in 2006 allowing him to retire. The volatility of the real estate market caused John to choose to reenter development with the formation of Core Redevelopment, LLC and subsequent purchase of its first property, Senate Manor.
John graduated from the Kelley School of Business at Indiana University and has two sons.
Prior to starting with Core Redevelopment in 2011, Mr. Cox gained expertise in retail development through years spent with Centre Properties and Mecre Real Estate Services. While with Centre, Michael was responsible for the management, operations, maintenance, accounting, forecasting and financing of a portfolio of nearly 2 million square feet of commercial space. Using his knowledge of the retail and commercial markets, Mr. Cox established Mecre Real Estate Services to provide consulting services to developers regarding the pursuit, entitlement, financing, construction, development and management of real estate projects. Throughout his career, Mr. Cox has placed nearly $425 million of real estate into permanent financing. Michael is a graduate of Butler University and enjoys playing tennis.
Eric Seal joined Core Redevelopment in May 2013 after exiting several independent private equity investments. Prior to entering private equity, Eric was an investment banker with CRT Capital Group LLC in Stamford, Connecticut, and a corporate attorney, focusing exclusively on large-scale mergers and acquisitions and financings, with Wachtell, Lipton, Rosen & Katz in New York. Eric has significant corporate investment experience in a wide range of industries and has structured, negotiated and closed transactions totaling several billion dollars in investment capital. Eric holds a J.D., summa cum laude, from the Georgetown University Law Center in Washington, D.C., and a B.S. in Finance, with highest distinction, from Indiana University in Bloomington, Indiana. He lives in Carmel, Indiana, with his wife and five children.
Scott is a 2009 graduate from the Kelley School of Business at Indiana University with a specialization in Real Estate Finance. Before starting with Core in August of 2011, Scott spent over two years working as a commercial mortgage underwriter with P/R Mortgage & Investment Corporation. During his time with P/R, he was responsible for the underwriting and commitment of over $500 million in government financing, the inspection of over 1000 apartment units and completed several courses granting certification for government lending.
Michelle joins Core Redevelopment with over 20 years of experience in the property management industry, managing many mixed portfolios including commercial, new construction lease-ups, affordable and conventional housing. She has also enjoyed training individuals in leasing practices, software systems and management over the years, sharing her ideas and experiences within our industry. Michelle has a son and a daughter and is also a proud grandmother of a vivacious 3-year-old boy.
Senior Property Manager
Maggie Mallory has been involved with the Indianapolis property management industry for over 15 years. She started as a receptionist at Van Rooy Properties and over time became involved with many exciting projects. Managing such buildings as The Harness Factory, Rink Savoy, The Block and most recently Harding Street Lofts- it is safe to say her true passion is downtown historic properties! She is very excited about Core’s newest project, Stadium Lofts, located in the old Bush Stadium on west 16th Street. In her free time she enjoys photography and spending time with her adorable son and wonderful husband.