Michael Schack has joined Dayton Street Partners as an executive vice president to oversee the firm’s asset management and day-to-day operations.
Schack’s experience spans office, industrial, retail, residential and hotels in both suburban and central business district locations in the Central and Eastern United States. During his 30-year career, he has amassed $4.0 billion of sale/acquisition transactions and more than $2.0 billion in lease transactions.
He was most recently a senior director and head of American Realty Advisors’ Chicago office. While there he managed a team of six asset managers and a portfolio of more than 40 properties in the firm’s eastern Region. As a result of his aggressive repositioning campaign of select assets, valuation across the portfolio increased significantly. In addition, Schack headed up dispositions for the firm while simultaneously building a team to handle the growing volume of transactions.
Before that Schack served as an investment officer with First Industrial Realty Trust’s Disposition Group in Chicago. During his tenure he and his team averaged ten transactions per quarter valued at more than $1.0 billion in sales.
Schack is a graduate of the University of Illinois–Urbana and holds a Masters in Real Estate Appraisal and Investment Analysis from the University of Wisconsin–Madison.