Fiduciary Real Estate Development

Business Details

41 Years

experience

Building Exceptional Apartment Communities

Founded in 1985, our company has built a legacy of excellence in residential real estate development and management. We distinguish ourselves by designing, constructing, and managing our own communities, ensuring quality control at every stage. With over 35 years of experience, we have grown from a small team managing 249 units to a respected firm overseeing 5,182 units and $669 million in assets. Our leadership team brings decades of combined expertise in construction, property management, and investment strategy. We prioritize community-building through inclusive practices and sustainable development, fostering environments where residents feel at home. Our integrated approach allows us to maintain accountability for every project's quality, from initial vision to long-term management.

Recognized as one of Milwaukee's Best & Brightest Employers since 2017, we cultivate a workplace culture centered on teamwork and employee empowerment. Through strategic expansions into new markets like Minnesota and Illinois, we continue evolving while staying true to our founding mission. Our financial stewardship and commitment to innovation have enabled us to navigate industry challenges successfully. This combination of experience, integrity, and forward-thinking leadership positions us as trusted partners in creating exceptional living spaces.

Services

Property Management Real Estate Development Construction Services Investment Management Community Planning

Details

Year established: 1985

Highlights and features

We vertically integrate development, construction, and management for complete quality control
35+ years of continuous growth and market adaptation demonstrate proven expertise
Our employee-centric culture drives exceptional service standards across all properties
Strategic expansions show our ability to successfully navigate diverse real estate markets
Recognized as top employers with a team deeply committed to community development

Website

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Services

Property Management

Our comprehensive property management services ensure optimal resident satisfaction and asset performance. We handle maintenance, leasing, and community operations with dedicated on-site teams. Our approach combines technological efficiency with personalized service to maintain high occupancy rates and property value.

Real Estate Development

From concept to completion, we create thoughtfully designed residential communities that meet market needs. Our development process emphasizes strategic location selection, sustainable design, and community integration. Each project undergoes rigorous financial and market analysis to ensure long-term viability.

Construction Services

Our in-house construction expertise guarantees quality execution of development plans. We maintain strict oversight of timelines, budgets, and craftsmanship standards. The team employs modern building techniques while prioritizing safety and regulatory compliance throughout the construction process.

Investment Management

We provide strategic oversight for real estate investments through data-driven decision-making. Our approach balances financial performance with resident satisfaction, implementing value-add initiatives that enhance property returns while maintaining operational excellence.

Community Planning

Our community planning integrates resident needs with practical design considerations. We create welcoming environments with thoughtful amenity placement and sustainable infrastructure. The planning process involves extensive market research to ensure developments meet both current and future resident expectations.

People

Brett Miller

President & CEO

Leading strategic growth while maintaining the company's founding principles of quality and community focus. With extensive industry experience, he oversees all operations and long-term vision development.

Austin Mautz

Chief Financial Officer

Manages financial strategy and investment oversight with a focus on sustainable growth. Brings expertise in real estate finance and capital market navigation to optimize asset performance.

Steve Bersell

Chief Operating Officer

Responsible for day-to-day operations across all business segments. Ensures alignment between departments while maintaining operational efficiency and service excellence standards.

Ted Kellner

Chairman and Majority Shareholder

Provides strategic guidance and governance oversight. With deep industry knowledge, he helps maintain the company's long-term vision while ensuring responsible corporate stewardship.

Bill Arpe

Founder

Established the company's core values that continue to guide operations today. His legacy of quality construction and community focus remains central to the organization's identity.

Questions

What makes FRED different from other real estate companies?

Our vertically integrated model allows complete control over development, construction, and management processes, ensuring consistent quality and community-focused outcomes.

How long has FRED been in business?

We've been developing quality apartment communities since 1985, with our founding team establishing principles that guide us today.

Where are FRED's properties located?

We operate in Wisconsin, Illinois, and North Carolina markets, with strategic expansions into new growth areas.

What career opportunities exist at FRED?

We offer diverse roles across real estate development, property management, construction, and corporate functions, with a commitment to employee growth.

How does FRED approach community development?

We focus on creating inclusive, sustainable communities through resident-centered design and long-term management commitment.

What recognition has FRED received?

Recognized as one of Milwaukee's Best & Brightest Employers since 2017 for our exceptional workplace culture.

Reviews (6)

Write a Review

Brian Keith

Dec 25, 2021 Report

Company pays a competative rate, decent benefits, very generous with paid holidays and PTO etc. Very progressive company, puts effort into training and is very big on diversity and inclusivity which is a big positive for me.They treat employees with respect and provide any resources needed. My experience working for FRED has been nothing but positive.

Nikkia Glover

Jul 19, 2021 Report

I rented from 50twenty Apartments and loved our space. Maintenance requests were a bit slow but the people were nice technicians. Once the pandemic hit and management changed. All hell broke loose. My husband was a frontline worker and I was not (though my job and health was impacted). They offered a new lease and we accepted. Then the management rejected the acceptance a month or so before our lease ended. Leaving us to scramble for housing with three kids. When asking the office for a final walk through they played it off through email as if they couldnt change the time as we were moving

Gregg Zetzman

Jan 06, 2021 Report

Fiduciary Real Estate Development has been a nightmare. My advice is not to lease with them under any circumstance. My wife and I leased an apartment at Wells Street Station, shortly after they opened, 2015. This unethical company, Fiduciary took over recently and now they are trying to destroy my reputation and credit. I have been forced to hire an attorney when they falsely try to collect money from me and refused to take my calls regarding it. Their in-house atty has threatened me that he will continue and is now insisting that I remove reviews in order for him to stop, as well as more money

John Shea

Aug 31, 2020 Report

Shown zero remorse towards residents during pandemic. Offered to waive the $1.95 online rent payment convienence fee and that's it. what a joke. Amenities and gym have been closed for 2+ months with no reimbursement and refusing to offer any. Pool remains closed although local governments have said it can open with limited capacity. Sent multiple notices saying they will be sanitizing common areas in apartment buildings more frequently which is not true as I have noticed they have cut staffing and bulidings are being cleaned less frequently now. Very disappointed with Fiduciary. Property managers

Laura Kleczkowski

Jun 28, 2020 Report

Awesome place to work! Senior leadership really cares about associates and they're always looking for ways to change up policies to make them better. Very associate-focused, in my opinion, and dedicated to charity, including at times to associates in need.
Communities well cared for and a lot of money re-invested to make sure they're kept up over time. Lots of resident events as well, which we can hopefully get back to soon as the impact of the pandemic wanes. Beautiful properties, great associates and good vision overall. Very happy to be part of it! We have a pretty cool job in that we get to

Heidi Kivi

Oct 15, 2018 Report

I've enjoyed my apartment at the Domain. I appreciate how clean they keep the common areas, the fitness center is above and beyond, the location downtown is perfect, and the staff has always been helpful.