Core Redevelopment was started in 2009 by an experienced industry professional seeking to pursue fun and creative real estate solutions in today’s tumultuous market. Core is a licensed general contractor, property manager, and a member of The National Association of Home Builders.
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.
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. Since joining the Core team, Scott has been focused con securing new financing for projects and supporting the construction process. Scott is a 2009 graduate from the Kelley School of Business at Indiana University with a specialization in Real Estate Finance.
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.
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.
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, Ohio and Florida. An amiable partnership buyout of Mr. Watson’s interest in the Van Rooy portfolio was completed in 2008 allowing him to retire. The volatility of the real estate market caused John to choose to re-enter development with the formation of Core Redevelopment, LLC and subsequent purchase of its first property, Senate Manor, in 2009.
John graduated from the Kelley School of Business at Indiana University.