WHO WE ARE
WHAT MAKES US DIFFERENT
RED Development has long been able to attract outstanding, experienced executives for roles across the company. Part of that appeal is our flat structure which promotes speedy decision-making and rewards entrepreneurial thinking. Through this wealth of industry talent, we’ve been able to incorporate the best practices of blue-chip real estate and retail companies in a manner that fits well within RED’s own nimble and fast-moving culture.
Run by a cohesive team of executives that includes its company founders, RED Development is both big enough and small enough – a privately held, well-capitalized organization with a rock-solid reputation for delivering projects and deals as promised.
EXPANDING RED DEVELOPMENT’S REACH
Over the years, RED has grown by building remarkable retail developments in markets including Kansas, Nebraska, Minnesota, Wisconsin, Colorado, Indiana and Arkansas. From this successful development platform, we honed expertise in shopping center leasing, management, marketing and more.
In 2004 the company formed an asset management services group to meet growing demand for skilled property management among third-party owners. We continued to open more high-profile developments and by 2007 this work had positioned the company for new opportunities, such as embarking on a company-defining project, CityScape in downtown Phoenix.
EVOLVING AS A FULL-SERVICE REAL ESTATE COMPANY
Within the economic challenges that first arose in 2008, RED Development evolved as a strong player in a changed real estate landscape with strong access to capital to fuel acquisitions. Today RED Development is a wholly integrated, full-service real estate company well-matched to today’s marketplace, where repositioning, remerchandising and adding value to existing properties are essential strategies for success.
What started as RED, named for its two original partners, now stands for something more: Resilient, Enterprising and Different. These defining characteristics come together in a multi-faceted company that is thriving by delivering excellence and value to its partners in today’s demanding real estate environment.
MANAGING PARTNER, LEASING
As one of RED’s founding partners, Scott Rehorn has led the company’s highly successful leasing activities since 1995. Rehorn has built a top-notch leasing team that prides itself on developing outstanding relationships with key national and regional retailers, restaurants and entertainment tenants – essential not only for development projects, but also for repositioning and remerchandising existing centers for RED and other property owner clients. Among Rehorn’s many successes has been the ability to attract and retain marquee tenants such as Anthropologie, Apple, Chico’s, Crate and Barrel, lululemon, Lowe’s, Best Buy, Von Maur, Scheels, Target, P.F. Chang’s, Fleming’s Prime Steakhouse and many others to RED projects and markets.
MANAGING PARTNER, DEVELOPMENT
As a founding partner, Mike Ebert has shaped the company’s successful development area in projects across the country since 1995. His keen insights and knowledge about the qualities that come together in a compelling property are an essential part of RED’s continued evolution as a preferred partner for national retailers, real estate investors and property owners. Among his many significant contributions to RED, Ebert led the groundbreaking public-private partnership with the City of Phoenix to develop CityScape, the high-profile, 1.2 million square-foot, mixed-use urban destination in downtown Phoenix that is a signature project for both the company and the city.
CHIEF FINANCIAL OFFICER
Brett Heron oversees finance, accounting and asset management for RED as Chief Financial Officer. In a company with a diverse portfolio ranging from new ground up development projects to core operating assets, Heron’s expertise in acquisitions, development, financing and dispositions provides a comprehensive perspective to this role. He is currently responsible for sourcing debt and equity, corporate financial planning and providing oversight to the asset management and accounting departments.
EXECUTIVE VICE PRESIDENT, LEASING
As Executive Vice President of Leasing for RED, Mike Kallner manages the company’s team of leasing professionals and provides leadership in leasing strategy and deal-making. He brings more than 25 years of high-level experience in retail development, business development and real estate finance. His current position at RED focuses on the national power center portfolio and the full Arizona portfolio, with special emphasis on the restaurant sector and peripheral land sales.
EXECUTIVE VICE PRESIDENT, ACQUISITIONS & DEVELOPMENT
As Executive Vice President of Acquisitions & Development for RED, Barry Shannahan brings over 20 years of broad real estate experience to the company’s development projects. He contributes expertise in development, redevelopment, financing and project management to advance RED’s development pipeline. As well, Shannahan’s knowledge of site selection, market analysis, and strategic entitlement management, along with strong industry relationships, continue to support RED’s key acquisitions and dispositions.
At RED Development and at our retail and mixed-used properties in the West and Midwest, we strive to be a committed and responsive community partner. We contribute through a combination of employee volunteerism, financial support, in-kind donations and partnerships with local non-profit organizations.
At the corporate level, RED focuses on support for four highly effective non-profit partners: United Way, Phoenix Children’s Hospital, American Heart Association and UMOM New Day Centers, an innovative shelter that works to end homelessness for families in Arizona.
In our local markets, however, we shape our efforts to the needs and interests of each community. Because of this, RED Development’s community involvement is as highly tailored and distinct as our retail and restaurant settings.
A sampling of RED’s wide range of creative community partnerships:
- In Lincoln, Nebraska, RED’s Southpointe Pavilions holds an annual, two-day arts festival that celebrates local artists and raises important funds for the Lincoln Arts Council.
- In Phoenix, our Cityscape property has created a community outreach program called Upward and Onward. Its mission is to increase employment relationships between businesses seeking entry-level employees and graduating high school seniors with disabilities.
- In Omaha, Nebraska, RED’s Village Pointe property hosts a Threads & Reds Fashion Event featuring spring lines of the latest in women’s fashion paired with wine selections, in partnership with the Junior League of Omaha.
We also are proud to make our beautiful shopping environments available as settings for select community events, such as:
- The Deer Valley Unified School District “Sounds of the Holidays” event in the Phoenix area.
- Kids Clubs, farmers’ markets, movie nights, concert series and more activate our properties and closely connect us with the communities we serve.
Each of our properties select non-profit causes and organizations that best support the needs of their cities and towns, from education and healthcare to youth sports, food banks and other key local concerns.