Schostak Hires New Acquisitions Manager

Steve Black leaves job at FDIC to join Schostak Brothers & Co.
Steve Black, Schostak Brothers & Co.
Steve Black, Schostak Brothers & Co.

Schostak Brothers & Co. of Livonia, Mich. has hired Steve Black as the firm’s acquisitions manager.

In his new role, Black will be responsible for sourcing, analyzing and acquiring investment properties for Schostak’s portfolio, while focusing on growing the company’s Supercenter Walmart shadow anchor footprint.

Black’s experience encompasses more than 30 years in a variety of roles and property types, including land, office, industrial, retail, senior housing and marinas.

“Steve’s diverse experience in the commercial real estate business makes him a great addition to our team of best in the business professionals,” said Warren Strietzel, Executive Vice President & COO at Schostak. “His deep understanding of our industry, leadership skills and strong track record of deal making success with a range of property types makes him the right seasoned professional for this role.”

Before joining Schostak, Black led bank closing teams for the Federal Deposit Insurance Corp. (FDIC), a U.S. government corporation that was created to encourage stability in the financial system by promoting sound banking practices. Prior to that, his real estate role included working as director of acquisitions for Phillips Edison & Co. and acquiring value add grocery anchored retail centers in the southeast U.S.

Black is a member of the International Council of Shopping Centers (ICSS). He earned his bachelor of science in business administration from California State University, Long Beach.