Robert D. Horne Joins REDICO as Senior Vice President -- Investments

SOUTHFIELD, Mich., Dec. 20, 2013 /PRNewswire/ -- REDICO, a full-service real estate development and investment company headquartered in Southfield, Michigan, announced today that Robert D. Horne has joined the company as Senior Vice President – Investments.

(Photo:  http://photos.prnewswire.com/prnh/20131220/CL37189 )

Mr. Horne has 28 years of experience in commercial development, land development and investment transactions.  In this newly created position, he will assist REDICO in expanding its national real estate portfolio in commercial properties.  Mr. Horne will also be active in working with REDICO's affiliate company, American House® in the development of its signature senior living communities in select locations throughout the United States.

Joining REDICO from Dodge Capital, LLC in Winnetka, Illinois -- a company he founded in 2002 – Mr. Horne will leverage his vast Midwest real estate network and is establishing REDICO's first full-time Chicago office in December 2013.

Dale Watchowski, CEO of REDICO said: "We are very pleased to have Bob join our team and provide his unique expertise to our great depth of executive talent. His vast industry expertise and development and acquisition experience will allow us to continue the successful expansion of REDICO's portfolio throughout the United States."

Mr. Horne will apply his extensive real estate experience to assist in the execution of REDICO's strategic acquisition plans while also helping grow the company's property portfolio in the target areas of the Midwest and Southeast United States. An expert in raising equity, structuring debt and managing all aspects of the development process in retail, office and commercial properties, Mr. Horne will work with Chief Investment Officer Dietrich Knoer.

Prior to founding Dodge Capital, Mr. Horne served as a Senior Vice President at Jones Lang Lasalle; and Vice President with Arthur Hill & Co. He launched his career in real estate with Homart Development, where he developed both office and retail properties around the country.

Mr. Horne earned his M.B.A. from the J.L. Kellogg School of Management at Northwestern University, and a B.A. from Boston College. He is a board member of the Chicago Foundation for Education and the Lurie Children's Hospital Foundation and is active in many civic and professional organizations in Chicago.

About REDICO:
REDICO is a full-service national real estate development and investment company that offers fully integrated development and construction management, property management and leasing services.  Through bold vision and strategic planning, REDICO is building new and innovative real estate success stories nationwide on a foundation of established experience, expertise, and integrity. REDICO's nationwide real estate portfolio now exceeds $1 billion in value and encompasses over 13.5 million square feet of diverse space in the office, retail, medical office and seniors housing sector (American House®).  www.redico.com

SOURCE REDICO