Officers & Trustees

Officers & Trustees

Senior Management

Timothy P. Mihalick
Timothy P. Mihalick
Chief Executive Officer
Timothy P. Mihalick Timothy P. Mihalick has served as a trustee of the Company since 1999 and has been employed by the Company since 1981. Mr. Mihalick was named the Company’s President and Chief Executive Officer in September 2009, after having served as its Chief Operating Officer from 1997 to September 2009 and as a Senior Vice President of the Company since 2002. Mr. Mihalick is a former Vice President of Odell Wentz & Associates, L.L.C., the Company’s former adviser. He is active in a number of local philanthropic organizations. Mr. Mihalick received a B.A. in Business Administration, concentrating on finance and economics, from Minot State University.
Mark O. Decker Jr.
Mark O. Decker Jr.
President and Chief Investment Officer
Mark O. Decker Jr. Mark Decker Jr. has served as the President and Chief Investment Officer of the company since August 2016. Prior to joining the company, Mr. Decker served as Managing Director and US Group Head of Real Estate Investment & Corporate Banking at BMO Capital Markets, where he helped grow the platform into an active participant in real estate debt, equity and M&A transactions. He has worked for nearly 16 years as a real estate investment banker at BMO Capital Markets, Robert W. Baird & Co. and Ferris, Baker Watts and during that time, was responsible for more than $90 billion in real estate capital markets and advisory transactions. Prior to that, Mr. Decker started his career in banking in Friedman, Billings, Ramsey & Co., Inc.'s Financial Institutions Group. Mr. Decker holds a B.A. in History from the College of William & Mary.
Diane K. Bryantt
Diane K. Bryantt
Executive Vice President and Chief Operating Officer
Diane K. Bryantt Diane K. Bryantt has served as the Chief Operating Officer and an Executive Vice President of the Company since February 2015. Ms. Bryantt joined the Company in June 1996, and served as its Controller and Corporate Secretary before being appointed to the positions of Senior Vice President and Chief Financial Officer in 2002 and Executive Vice President and Chief Financial Officer in June 2012. Prior to joining the Company, Ms. Bryantt was employed by First American Bank, Minot, North Dakota. She is a graduate of Minot State University.
Ted E. Holmes
Ted E. Holmes
Executive Vice President and Chief Financial Officer
Ted E. Holmes Ted E. Holmes has served as the Chief Financial Officer and an Executive Vice President of the Company since February 2015. Mr. Holmes joined the Company in 2009 as Vice President of Finance, and was promoted to Senior Vice President of Finance in December 2010. Mr. Holmes has over 20 years of experience in the finance industry, including the placement of debt and equity as a commercial and multi family mortgage banker. From 1994 to 2002, Mr. Holmes was an Analyst and Assistant Vice President with Towle Financial Services/Midwest, a privately held mortgage banking company in Minneapolis, and he served as Director with Wells Fargo Bank, NA from 2003 to 2009. He holds a B.A. in Economics from St. Cloud State University and is a licensed Minnesota Broker.
Michael A. Bosh
Michael A. Bosh
Executive Vice President, General Counsel and Assistant Secretary
Michael A. Bosh Michael A. Bosh has served as the General Counsel of the Company since September 2003 and an Executive Vice President since June 2012. Mr. Bosh joined the Company as Associate General Counsel and Secretary in September 2002. Prior to 2002, Mr. Bosh was a shareholder in the law firm of Pringle & Herigstad, P.C. He graduated from Jamestown College and earned his J.D. from Washington & Lee University School of Law. Mr. Bosh is a member of the American Bar Association and the North Dakota Bar Association.
Andrew Martin
Andrew Martin
Executive Vice President - Asset Management
Andrew Martin Andrew Martin has served as the Executive Vice President – Asset Management since September 2016 and previously served as Senior Vice President, Residential Property Management. Mr. Martin joined the Company in December 2009 to lead its Residential Property Management division and he has over 19 years of experience in the commercial and multi family property management industry. Prior to joining the Company, Mr. Martin was a partner with INH Companies, a property management firm based in St. Cloud, Minnesota, and a regional property manager for United Properties in Minneapolis, Minnesota. Mr. Martin holds a B.A. in Real Estate and an M.B.A. from St. Cloud State University, and has earned the designation of Certified Property Manager from the Institute of Real Estate Management.
Nancy B. Andersen
Nancy B. Andersen
Senior Vice President and Principal Accounting Officer
Nancy B. Andersen Nancy B. Andersen has served as the Principal Accounting Officer since February 2015 and Senior Vice President since September 2016. Ms. Andersen joined the Company in October 2003 and had previously served as the Financial Officer, Assistant Controller, Controller, and Vice President and Chief Accounting Officer of the Company. She holds a B.S. in Accounting and Finance from Minot State University, and has earned the designations of Certified Public Accountant from the North Dakota State Board of Accountancy and Chartered Global Management Accountant from the American Institute of Certified Public Accountants.
Joy S. Newborg
Joy S. Newborg
Senior Vice President, Chief Compliance Officer, Secretary and Associate General Counsel
Joy S. Newborg Joy S. Newborg has served as the Chief Compliance Officer and Associate General Counsel since April 2015, Secretary since June 2015 and Senior Vice President since September 2016. Prior to joining the Company, Ms. Newborg was a partner at the law firm of Winthrop & Weinstine, PA located in Minneapolis, MN. Her fourteen year practice focused on general corporate, mergers and acquisitions, corporate securities and finance law. Ms. Newborg had previously served on the board of the Minnesota Children’s Museum, and chaired its Governance Committee, and on the board of Hope & Rescue Foundation. She received her J.D. degree from the University of Minnesota Law School.
Matthew Volpano
Matthew Volpano
Senior Vice President - Investments
Matthew Volpano Matthew Volpano has served as Senior Vice President – Investments since September 2016 and previously served as Vice President – Investments. Mr. Volpano joined the Company in 2009 and is an investment professional with broad experience in commercial real estate, capital markets, mergers and acquisitions, strategic planning and financial reporting. Prior to joining the Company, he worked in development, asset management and brokerage with United Properties; as an investment banker with Robert W. Baird & Co.; and as a public accountant with Arthur Andersen LLP. Mr. Volpano earned a B.B.A. from the University of Wisconsin and an M.B.A. from the Tuck School of Business at Dartmouth. He holds licenses as a Certified Public Accountant and a real estate broker.

Board of Trustees

Jeffrey L. Miller
Jeffrey L. Miller
Chairman
Jeffrey L. Miller Jeffrey L. Miller has served as a trustee of the Company since 1985 and as Chair of the Board of Trustees since 2002. Mr. Miller has been a private investor for the past five years and is currently the managing partner of two privately held real estate limited liability partnerships: Miller Properties, LLP and K&J Miller Holdings LLP. From 1970 to 2006, he was the President of M&S Concessions, Inc., a food service and facility management company. From 1978 until the sale of the company in 1994, he was the President of Coca Cola Bottling of Minot, North Dakota.
John D. Stewart
John D. Stewart
Vice Chairman
John D. Stewart John D. Stewart has served as a trustee of the Company since 2004. Since 1992, he has been the President of the Glacial Holdings group of companies, which are engaged in multi family residential and commercial real estate and property management. Through a number of private entities, Mr. Stewart is an investor in various business enterprises. During the past nine years, Mr. Stewart has served as the chair of the Advisory Board of the Bank of North Dakota, a director of Corridor Investors, LLC, Kalix, and the Minot Family YMCA, and as a trustee of the Oppen Family Guidance Institute. He currently serves as a director of the Command Center, Inc. (OTCQB:CCNI). Mr. Stewart was employed as a Certified Public Accountant by the accounting firms of Arthur Andersen & Co. (from 1978 to 1980) and Brady, Martz & Associates P.C. (from 1980 to 1997).
Jeffrey P. Caira
Jeffrey P. Caira
Jeffrey P. Caira Jeffrey P. Caira has served as a trustee of the Company since June 23, 2015. Mr. Caira has over 30 years of experience in the real estate industry. From 2003 to 2013, he served in various positions at AEW Capital Management, lastly as Director — Co Portfolio Manager of the North American Diversified Strategy, a multi billion dollar real estate securities portfolio, before retiring. Prior to that, Mr. Caira served as a Vice President Portfolio Manager and Senior Analyst for Pioneer Investment Management, Inc. from 2000 to 2003, managing the U.S. real estate sector fund; and Vice President — Senior Equity Research Analyst for RBC Dain Rauscher, Inc. (formerly Tucker Anthony) from 1998 to 2000, covering equity REITs. Currently, he serves on the Board of Directors for Riverway Condominium Trust. Mr. Caira graduated from the University of Notre Dame and holds an M.B.A. from the Kellogg School of Management. He is a licensed real estate broker in the Commonwealth of Massachusetts.
Michael T. Dance
Michael T. Dance
Michael T. Dance Mr. Dance brings to the Company over 22 years of experience in the real estate industry and over 35 years of accounting and finance experience. From 2005 until he retired in late 2015, Mr. Dance served as Executive Vice President and Chief Financial Officer of Essex Property Trust, Inc. (NYSE: ESS), an S&P 500 Company and publicly traded real estate investment trust (REIT) that acquires, develops, redevelops and manages multifamily residential properties in select West Coast markets. From 2002 to 2014, Mr. Dance was an independent consultant providing SOX compliance consultation and litigation support, and an adjunct Professor for the University of California at Berkeley, Haas School of Business. Mr. Dance began his career at KPMG in 1978, and was a partner from 1990 to 2002. He received his Bachelor’s degree in Economics from California State University, East Bay, and is a Certified Public Accountant (inactive).
Linda J. Hall
Linda J. Hall
Linda J. Hall Linda J. Hall, PhD has served as a trustee of the Company since September 21, 2011. Since 2008, Ms. Hall has been Entrepreneur in Residence at the Carlson School of Management, University of Minnesota. Ms. Hall has 42 years of executive experience in the manufacturing and service sectors, including healthcare, venture capital financing, employee benefit, and teaching. During her career, she has launched 14 start up companies as an executive, director or consultant, including three inside $1 billion plus companies. Ms. Hall also has 20 years of experience serving on the boards of privately held and publicly reporting companies in the United States and Europe, including serving as the chair of compensation, compliance, governance and nominating committees and as a member of audit committees. Ms. Hall currently serves on the boards of Amedisys (NASDAQ: AMED), Ascension Health Ventures and DentaQuest. She previously served on the boards of three publicly held companies: Health Fitness Corporation (NASDAQ:HFIT) from 2001 until it was acquired in 2010, MTS Systems Corporation (NASDAQ:MTS) from 1995 to 2006, and August Technology (NASDAQ:AUGT) from 2002 until it was acquired in 2006. She also previously served on the Ninth District Federal Reserve Bank board from 1999 through 2005, serving as Board Chair from 2004 to 2005, and on the board of a privately held European company Laastari/R Clinic from 2010 to 2015. She is a Phi Beta Kappa graduate of the University of Michigan, and received a PhD from the University of Minnesota.
Terrance P. Maxwell
Terrance P. Maxwell
Terrance P. Maxwell Terrance P. Maxwell has served as a trustee of the Company since November 6, 2013. Mr. Maxwell has been the Chief Financial Officer since March 2015 and a Managing Director and member of the Executive Committee since May 2014 of Robert W. Baird & Co. Incorporated (“Baird”), an employee owned, international wealth management, capital markets, private equity and asset management firm with offices in the United States, Europe and Asia. Prior to this, he had served in several positions at Baird, including Director of Corporate Development and Strategic Investment from May 2014 until March 2015 and head of Investment Banking from 1997 to 2006, and has served on the board of Baird and a number of Baird affiliated companies. From March 2011 through May 2012, Mr. Maxwell provided management consulting services to and/or served on the board of Flatirons Solutions Corporation, a Baird private equity portfolio company. From August 2006 through May 2010, and again from August 2011 through May 2014, Mr. Maxwell was a Lecturer at the University of Wisconsin Madison, where he taught courses on corporate financing, corporate restructuring, investment banking and mergers and acquisitions. From January 2012 through September 2013, he served as co CEO of a start up company, The Art Commission, LLC, and served as a director until July 2015. Currently, Mr. Maxwell is a member of the board of the Greenhouse Funds, an independent asset management company in which Baird has a strategic investment. Mr. Maxwell received an M.B.A. from the Kellogg School of Management at Northwestern University.
Timothy P. Mihalick
Timothy P. Mihalick
Timothy P. Mihalick Timothy P. Mihalick has served as a trustee of the Company since 1999 and has been employed by the Company since 1981. Mr. Mihalick was named the Company’s President and Chief Executive Officer in September 2009, after having served as its Chief Operating Officer from 1997 to September 2009 and as a Senior Vice President of the Company since 2002. Mr. Mihalick is a former Vice President of Odell Wentz & Associates, L.L.C., the Company’s former adviser. He is active in a number of local philanthropic organizations. Mr. Mihalick received a B.A. in Business Administration, concentrating on finance and economics, from Minot State University.
John A. Schissel
John A. Schissel
John A. Schissel Mr. Schissel brings to the Company over 26 years of experience in the real estate industry, over 12 years of direct chief financial officer experience, including 6 years of serving as chief financial officer of two publicly traded REITs, and over 10 years of investment and corporate banking experience serving REITs. He currently serves as President and Chief Financial Officer for Carr Properties, LLC, a privately held REIT focused on the ownership, acquisition and development of high-quality office properties in the greater Washington area. Mr. Schissel previously served as Executive Vice President and Chief Financial Officer of Invitation Homes, one of the nation’s largest owners and operators of single-family rental homes; and Executive Vice President and Chief Financial Officer of BRE Properties, Inc., a multifamily REIT based on the West Coast. He received his Bachelor of Science degree in Business Administration with a concentration in finance from Georgetown University.