As coordinator of the entire project, RDG establishes
realistic goals and expectations at the outset of the development
process. Project guidelines are determined by careful evaluation of the
type and amount of current and future space needs, an analysis of
available sites, and an understanding of local regulations. As the
project evolves, RDG is responsible for coordinating every aspect of its
implementation, including design, scheduling, costing, team meetings,
governmental approvals, and construction.
Financial Analysis and Feasibility
When space requirements have been determined and a site has been
selected, RDG develops a capital budget which includes the cost of land
acquisition, site development, and construction, as well as indirect
costs such as architectural, financial, closing, development, and
marketing. RDG will also prepare an operating budget and review the debt
and equity needs of the project.
At this time the development team considers various options
regarding ownership and financing. Options may include a joint venture, a
build/lease, lease with an option to purchase, or development for a
Site Planning and Approvals
This phase requires an in-depth site analysis based on the client's
specific requirements. It may entail a Phase I Environmental Study, a
permit analysis, a review of the subdivision process, an examination of
the available utilities, and a study of local building codes. In certain
circumstances, RDG may have suitable existing space or a building
designed and approved for immediate construction.
Design and Construction
Regularly scheduled project meetings, during design and
construction which involve the future tenant, are held to establish the
team relationship that is critical to achieving previously agreed-upon
goals and objectives.
Property management specialists become involved from the outset of
the development program providing up-to-date operating costs and
recommendations for the efficient operation of the building. An early
dialogue with the client to determine long-term operating goals is
RDG's DEVELOPMENT STYLE
RDG's development stlyle is characterized by commitments to:
is prepared to function as owner, partner, or consultant in property
development. This flexibility provides for an atmosphere of innovation
in each of the firm's endeavors.
the earliest cost estimates and schedules to financial packaging, RDG
works hard to ensure that accurate and complete information is available
to the development team at each step in the process.
it is in structuring a specialized transaction or in giving timely
answers to a client's questions, RDG believes responsiveness is one of
the keys to sound management decisions.
RDG forms team relationships involving owners, tenants, financial
institutions, and investors to generate sustained growth over the long
term while simultaneously building value and contributing to the
RDG's DEVELOPMENT EXPERIENCE
RDG has extensive experience in all phases of real property
development with a proven record of accomplishment. Through its
affiliates and principals, RDG has...
- Developed and built 636,000 sq.ft. of warehouse space and 720,000 sq.ft. of office space
- Developed and/or acquired approximately 1,500 apartment units throughout Central Pennsylvania
Some of our projects:
|Penn National Insurance Co.
|Centre Medical Sciences Bldg.
||State College, PA
|Delta Dental Headquarters
|Penn State Community Health Center
|Nuclear Support Services, Inc.
|Gettysburg Internal Medicine Bldg.
Some of our warehouse projects:
|D.D. Jones Building
|7159 Grayson Road
OUR TEAM OF PROFESSIONALS
JOHN H. RHODES Chairman of Rhodes Development Group, Inc.
Rhodes is a 1962 graduate of The Pennsylvania State University with a
Bachelor of Science Degree in Business Administration with a major in
Real Estate and Finance. Mr. Rhodes has over 43 years experience as a
commercial real estate lender, developer, manager and investor.
knowledge of the Central Pennsylvania real estate market and his
understanding of the economics of real estate transactions have been
recognized by his peers. This is evidenced by Mr. Rhodes having spoken
to the leading real estate associations including The Mortgage Bankers
Association of America, The American Institute of Real Estate
Appraisers, and the National Association of Apartment Developers and
Owners. In addition he has had articles published in periodicals such as
"Mortgage Banker" and "Apartment Construction News".
ERIC KUNKLE, CPM, President and Chief Operating Officer of Property Management, Inc.
Kunkle is a 1991 graduate of Pennsylvania State University with a
Bachelor of Science Degree in Accounting. Mr. Kunkle joined the Company
in 1991. He oversees the daily operations of the Commercial Management
Division. In addition, he is the liaison and coordinator for the
information systems throughout our entire organization.
MARK J. STEPHENS, CPA, MBA, Vice President and Treasurer
Stephens is a 1980 graduate of Shippensburg University with a Bachelors
of Science in Business Administration, Accounting, a 1988 graduate of
York College of Pennsylvania with a Masters of Business Administration
and a 1994 graduate of the Stonier Graduate School of Banking at the
University of Delaware. Prior to joining Property Management Mr.
Stephens was Vice President of Finance and Accounting at Hersha
Hospitality Management and has held various financial leadership
positions previously. Mr. Stephens is responsible for financial
management and strategy of the Company.
DUANE W. DROZDOWSKI, CPM, Senior Vice President-Manager Residential Division
Drozdowski is a 1987 graduate of Ohio State University with a Bachelor
of Science Degree in Natural Resources, Park Administration. He joined
the company in June 1996 and has over fifteen years of professional
experience in the areas of senior housing, market-rate multifamily
housing, and subsidized housing management. Prior to his employment with
Property Management, Inc., Mr. Drozdowski was the Director of Senior
Housing Management with the Redevelopment and Housing Authority of
Cumberland County. Mr. Drozdowski served as President of the Apartment
Association of Central Pennsylvania (a chapter of the National Apartment
Association) from 2000 to 2002, and Treasurer 2002 through 2006.
DAVID E. DYSON. Senior Vice President and Controller of Property Management, Inc.
Dyson is a 1980 graduate of Temple University with a Bachelor of Arts
Degree in Accounting. Mr. Dyson joined PMI in June, 1980 and handles the
daily operations of PMI's internal network of skilled employees. His
"hands on" approach and attention to detail ensures that proper controls
are in place for properties we manage.
SUZANE M. NEIMAN. Corporate Secretary
Neiman is a 1990 graduate of Old Dominion with a Bachelor of Science
Degree in Mathematics. Mrs. Neiman joined our company in September 1996.
Since that time her duties have included division secretary, general
accounting, payroll processing and developmental accounting.