Our team has extensive experience in Brownfield remediation and redevelopment projects, ranging from the dredging of one of the most contaminated rivers in the country to the redevelopment of industrial sites into successful mixed-use developments. We have complementary backgrounds that allow us to provide a comprehensive approach based on best practices as we evaluate each Brownfield property.
Just as important as our experience and knowledge is our unifying purpose and vision to protect the environment for future generations by cleaning one property at a time. We are inspired by the long-lasting positive impact created by revitalizing Brownfields, which attracts new businesses and residents after redevelopment with the ripple effect of job growth, increased tax revenue, and improved aesthetics.
Read more about our team members by clicking on our profiles below!
As President of Real Estate Recovery Capital, Mr. Stenseth’s responsibilities include all company operations, including new deal origination, underwriting, due diligence, value creation and disposition. Mr. Stenseth’s background includes several decades of diverse experience in real estate investment, capital placement, property redevelopment, asset management and disposition of all types of real estate properties. His expertise is structuring transactions that benefit investors and property sellers as well as providing benefit to communities.
For the last 20 years, he has specialized in the acquisition and redevelopment of Brownfield properties including urban mixed-use, residential and commercial assets. He has served in various executive positions throughout his career, including as a partner and managing director of a $2 billion international Brownfield investment fund and redevelopment company where he was responsible for the acquisition and redevelopment of Brownfield sites across the US, Europe and Canada. He has directed the acquisition or disposition of over $1 billion of real estate assets.
John Dillow brings 22 years of construction management experience and leadership to his role as Business Development Director at Real Estate Recovery Capital. His technical expertise and his ability to oversee all facets of construction projects will prove invaluable in the redevelopment phase of RER’s remediated sites. His keystone projects include The Heritage Group’s The Center and prominent sports arenas, such as Amway Center, Lucas Oil Stadium, Time Warner Cable Arena, and Toyota Center.
Mr. Dillow graduated from University of Central Missouri with a degree in Construction Management, which has been supplemented by several Executive Education courses from Harvard Business School.
Liz Ewbank is the Business Operations Manager for Real Estate Recovery Capital, where she orchestrates all day-to-day operational details, including internal reporting and marketing. She brings a background in process creation, project management, key account management, marketing, and sales. In her most recent position as Sales Director at Keter Environmental Services, she and her team initiated and expanded sustainable waste and recycling programs across portfolios for retail, office and multi-family real-estate investment companies.
Mrs. Ewbank graduated from Purdue University with a degree in Management and is pursuing a real estate broker license. She has served on the Board of Directors for a local non-profit and volunteers as an Upwards soccer coach.
Nick Heinzelman is Vice President of Acquisitions for Real Estate Recovery Capital and applies his extensive experience in banking, government and real estate to analyzing and negotiating investment opportunities and overseeing due diligence and closing activities. Previously Mr. Heinzelman spent 3 years with The Heritage Group as Real Estate Manager handling all aspects of real estate transactions and 10 years as an Executive Director with the State of Indiana’s Department of Natural Resources where he managed the Division of Land Acquisition.
Mr. Heinzelman graduated from Ball State University and is a licensed Real Estate Broker. He has been involved with several non-profit boards in the greater Indianapolis, Indiana area.
Doug Opell is the Director of Environmental Operations for Real Estate Recovery Capital where he evaluates environmental risks with the intended long-term use of the property in mind and uses a variety of approaches to eliminate and control exposure and risks. Mr. Opell has worked with various environmental and earth science consulting firms since 1980. His environmental assessment and remediation projects include work with a variety of contaminants associated with historical operations at industrial facilities including petroleum retail and petroleum refining sites.
Mr. Opell’s educational background includes BA and MS degrees in Geology from Indiana University. In his spare time, he enjoys reading John McPhee books, golf, and traveling to geologically interesting sites with his family.