SOUTH BEND, IND. – Indiana-based real estate private equity firm, Great Lakes Capital (GLC) has hired Rich Deahl as General Counsel and Principal. Rich brings to the firm more than 20 years of legal experience with Barnes & Thornburg LLP, including a decade serving as GLC’s lead outside counsel. Deahl has supported GLC’s growth to its current $500 million assets under management, assisted with launching the GLC Stabilized Income Fund and played a critical role in GLC’s significant public-private partnership ventures. Noteworthy ventures include Ignition Park – a high-tech park developed in cooperation with the City of South Bend and University of Notre Dame – expansion of logistical distribution parks in Northern Indiana; Skyline Tower in Fort Wayne, Ind.; BorgWarner in Noblesville, Ind.; and Wildhorse, an $85 million mixed-use project in Chesterfield, Mo.
Ryan Rans, managing partner of Great Lakes Capital, said, “The value Rich brings to our organization extends well beyond in-house counsel. He plays a crucial role in everything we do. Rich is a trusted voice and wise counsel in the stewardship of investment opportunities – helping us develop relationships and projects and mature our platform management. As we lean in to public-private partnerships to support community goals, Rich’s ability to communicate quickly and effectively with all of our partners – municipalities, lenders and investors alike – is instrumental.”
Deahl will support growth, continue to expand the GLC investment platform and lead business strategy for every development opportunity as Great Lakes Capital continues to focus on investment in workforce housing, mixed-use, multi-family, medical service and commercial/industrial developments (and redevelopments) throughout the Midwest.
Before joining Great Lakes Capital, Deahl was a partner with Barnes & Thornburg LLP, where he focused in the area of real estate and corporate transactions for more than 20 years. He has represented private companies and large institutions with local, regional and national operations – navigating through and beyond the purchase and sale of businesses and real estate assets. He has advised on virtually all aspects of real property acquisition, financing, development, construction and leasing. Rich received his JD and MBA in 1998 from Indiana University – McKinney School of Law and Kelley School of Business.
Great Lakes Capital is a real estate private equity firm that concentrates its business on office, industrial, retail, medical office, multifamily and mixed-use projects. Founded in 2005, Great Lakes Capital has grown an asset footprint covering the Midwest – addressing the needs of its tenant partners in addition to speculative development projects that meet a community need the market has not yet reacted to. Learn more at www.greatlakescapital.com.