Our People

WHPC’s Astar Capital Management Staff

Erich Schwenker — Director-Asset Management

Eric Schwenker

Erich Schwenker

Erich has been involved in real estate management for over 30 years, with the bulk of his professional time spent managing diverse real estate portfolios on behalf of Fortune 500 Investment companies. Specific to affordable housing, Erich has worked at all levels of that industry with emphasis on property and asset management. As president of Astar Management, Erich leads the development team, oversees the company business operations, directs asset management activity, and seeks new client relationships for Astar. Erich has particular interest in special needs housing. Email: eschwenker@astarusa.com

Dan O’Connell — Director-Acquisitions, Finance & Underwriting

Dan O'Connell

Dan O’Connell

Dan has been involved in the development and management of real estate for 29 years. His expertise is in the areas of acquisition, financing and development. Dan has achieved national acclaim for his work with HUD’s Affordable Housing Programs.As Vice President, Dan heads the acquisition team, identifying appropriate apartment communities in need of preservation, performing the feasibility work, negotiating and handling complex financial transactions. Dan has a Master’s Degree in Business Administration and Finance. Email:doconnell@astarusa.com

Carol Keen, CPM® — Asset Manager

Carol Keen, CPM

Carol Keen

Carol has been involved in the affordable housing industry for eighteen years. Carol has experience working with various affordable housing programs such Section 8 tenant based and project based assistance, Section 202 and 811 programs, LIPHRA and Affordable Housing Tax Credits. She has held positions in asset management and underwriting for several years. Carol worked closely with the Wisconsin Housing Preservation Corp portfolio in 1998 while working as a portfolio development officer at the Wisconsin Housing and Economic Development Authority. Carol also served as the executive director of ARC Housing in Milwaukee, a non-profit housing organization serving persons with developmental disabilities. Carol has worked with the Wisconsin Housing Preservation Corp portfolio since 2001 at Bank One Trust and joined Astar’s asset management team at its inception in 2002. Carol has a Bachelor of Science degree from Marquette University and a Master of Arts degree from the University of Wisconsin-Milwaukee. Carol received the designation of Certified Property Manager from the Institute of Real Estate Management in 2007. Carol serves on the board of directors for Wisconsin Initiative for Sustainable Housing. Email: ckeen@astarusa.com

Chris Geiger — Asset Manager

Chris Geiger

Chris Geiger

Chris has been involved in real estate for over 20 years. A career that started as a licensed real estate broker evolved into property management. Chris served over 125 trust and estate clients for JPMorgan/Chase throughout the state of Wisconsin. Management duties included property development, lease and offer negotiations and property updates and rehabilitation. Chris joined Astar Capital in February, 2006 as an asset manager for approximately 1,000 affordable housing units held in the Wisconsin Housing Preservation Corp portfolio. Overseeing annual and capital improvement budgets, soliciting grants for project improvements and maintaining property manager contacts, have helped Chris gain a new perspective in this field.Chris holds a BS degree in Finance from the University of Wisconsin-Whitewater and has recently earned the designation of Certified Occupancy Specialist. Email: cgeiger@astarusa.com

Judy Leiterman, CPM® — Asset Manager

Judy Leiterman, CPM®

Judy Leiterman, CPM®

Judy monitors performance of apartment communities in the Astar portfolio, and assists in the development of housing for special needs populations.Judy has worked in the housing field for the past 33 years. She worked in market rate housing for a group of Madison investors until 1981, and then joined WHEDA as a Management Analyst. Since then Judy has held positions of progressive responsibility at a variety of for-profit and non-profit management companies, including Boston Financial, Heartland Properties, Inc., and Franciscan Ministries.Judy earned her Certified Property Manager (CPM) designation from the Institute of Real Estate Management in 1985. She served as President of the Madison Chapter of IREM in 1988; and Milwaukee Chapter President in 2002. Judy received a Fair Housing Award in 1994 from the Dane County Fair Housing Council for her work in training and promoting fair housing issues in the community.Email:judyleiterman@astarusa.com

Joe Thomae, CPM® — Asset Manager

Joe Thomae, CPM®

Joe Thomae, CPM®

Joe is a Certified Property Manager and Accredited Residential Manager as designated by the Institute of Real Estate Management. Joe has been involved with real estate ownership and management for over 16 years. As an Asset Manager, he monitors the performance of over 1300 units of low income and special needs housing. Joe has managed Section 42, Section 8 and a wide variety of market rate properties. He has extensive experience with financially and physically distressed property. He ran the city of Milwaukee’s receivership program for four years, recovering property and rebuilding value from nuisance landlords. He helped lead the rehabilitation of the state’s largest condominium community. Joe earned a BS in Criminal Justice from UW–Milwaukee in 1987 and is a licensed Real Estate Broker. Joe is WHPC’s webmaster and helps manage our technological assets. Email: jthomae@astarusa.com

Becky Margenau — Accountant/Financial Analyst

Becky Margenau

Becky Margenau

Becky has over eleven years of affordable housing experience. She has worked at Wisconsin Housing and Economic Development Authority (WHEDA) and Pennsylvania Housing Finance Agency (PHFA). During her tenure at WHEDA, Becky participated in many special projects in the multifamily asset management area. She also participated in WHEDA’s initial Risk team. During her years at PHFA, Becky served as a Multifamily Analyst and Staff Auditor. She has served as the Director of Finance and Administration for a nonprofit advocacy organization and was responsible for all aspects of the accounting process.Becky performs project feasibility and due diligence analysis for new acquisitions. Becky has a B.A in Accounting. Email: bmargenau@astarusa.com

Dan Kroetz — Acquisitions Manager

Dan Kroetz

Dan Kroetz

Dan has been involved in Real Estate acquisitions, management, and development since 2000. Prior to joining Astar, Dan oversaw real estate management and acquisitions for an investment portfolio held by the Nordic Group of Companies. As Acquisitions Manager, Dan is responsible for identifying potential acquisitions, performing project feasibility and due diligence, as well as negotiations with sellers and third parties. Dan holds a BBA degree in Finance and Real Estate and Urban Land Economics from the University of Wisconsin-Madison. He is a licensed real estate broker. Email: dkroetz@astarusa.com

Shannon Dougherty — Financial Analyst

Shannon Daugherty

Shannon Dougherty

Shannon comes to Cardinal Capital Management after working at the Wisconsin Housing and Economic Development Authority (WHEDA) for over twenty years. While at WHEDA, she was an accounting manager, asset manager in the Tax Credit Program, and more recently, an asset manager with a portfolio of WHEDA-financed and HUD Contract Section 8 project-based developments.Shannon’s primary responsibilities include analyzing financial information submitted on a project level and working with management agents on submitting information accurately and in conformance with company policies.Shannon has degrees in both Accounting and Business with an emphasis in Finance and holds a C.P.A. license in Wisconsin. She has received training and has earned other certifications as they relate to fair housing, federally subsidized housing programs, and housing quality standards. Email: sdougherty@astarusa.com

Shannon Brown — Controller

Shannon Brown

Shannon Brown

Shannon has a solid background of finance and accounting, with over twelve years of experience as Controller in the hospitality industry for various hotels, resorts and conference centers, achieving the top industry designations of CHAE and CHTP. In addition, Shannon has over ten years experience in real estate development and construction accounting. As Controller, Shannon is responsible for all aspects of the accounting process, from corporate accounting to the project portfolio financial reporting. She reviews monthly project accounting and prepares the consolidated financial reports. Shannon creates budgeting policy and oversees all auditing and tax work required by ownership entities. Email: sbrown@astarusa.com

Mark Klann — Director of Construction and Capital Improvements; Capital Needs Assessment Provider

Mark Klann

Mark Klann

Mark has been in the real estate and construction business for 25 years. He has owned a general contracting business since 1983 with his principal client Marshall & Ilsley Trust Company for whom he performed a wide range of inspections, repairs and general contracting services throughout the State of Wisconsin. As a Construction Manager, Mark’s experience and knowledge in the residential and multi-family construction field has proven invaluable in all the variety of projects that (CCM) Cardinal Capital Management has completed. He is involved from the initial design, throughout the construction to the substantial completion process on all CCM projects and assigns and oversees all Project Managers. He has also completed a Get Green Get Certified Course and is certified as a green built builder. As a Facilities Asset Manager, Mark directs and/or oversees all capital improvements and monitors compliance with state and municipal building inspections and fire protection. He inspects and assesses the physical needs of all apartment communities in the Cardinal and Astar portfolio bi-annually while working with insurance groups on Risk Management. As a WHEDA and Rural Development approved Capital Needs Assessment provider, Mark has successfully completed about 35 capital need assessments peryear for the last five years which are a requirement for possible acquisition, and grant or Tax Credit applications. He has completed REAC Training from HUD and has completed pre-REAC inspections when requested.
Email: mklann@astarusa.com

Sarah Harrington — Financial Analyst

Sarah Harrington

Sarah Harrington

Sarah comes to Astar with over twenty years of progressive experience in accounting for property management. Her previous position was Controller for a local property management company. Sarah has primary responsibilities in reviewing WHPC monthly project accounting and assisting in the preparation of consolidated reports for owners. Sarah also maintains the WHPC corporate and inter-company accounts receivable.Sarah has a Bachelors Degree in Business and Economics. Email: sharrington@astarusa.com

Lisa MacDonald — Financial Analyst

Lisa comes to Astar Capital Management after working at Wisconsin Housing and Economic Development Authority (WHEDA) for over fifteen years. At WHEDA, she was most recently a Program Specialist working with both the project-based Section 8 program and the Tax Credit Program and also doing the loan processing duties for the WHEDA owned and serviced mortgages. Lisa’s primary responsibilities include collecting and analyzing financial information submitted on a project level and working with management agents on submitting information accurately and in conformance with company policies. Email: lmacdonald@astar.com

About Astar Capital Management Inc.

Astar Capital Management, Inc. was incorporated in April, 2002. Astar supports housing preservation and multi-family housing development. Our commitment is to enhance, preserve, and manage affordable housing for low- and moderate-income households. Our expertise is in providing asset management services to property owners. Astar provides quality asset management and has acquired and administers over 5,900 units in more than 100 projects in over 50 counties of Wisconsin for Wisconsin Housing Preservation Corp.

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