Group: Finance

Mr. Israel graduated from the University of Cincinnati’s College of Engineering with a BS in Civil and Environmental Engineering. After graduation, he became an onsite engineer for a major General Contractor working on multiple hospital construction jobs around the Midwest. He then joined the Procter and Gamble Company, supporting the company’s Global Fabric Care division as a Facilities Engineer. During his time at P&G, Mr. Israel transitioned into a finance role within the Chemicals & Ingredients Purchases organization, and in 2014, earned an MBA from Xavier University with a focus in Finance. That same year, Mr. Israel joined the Pedcor family in the finance and development group with responsibilities in asset management, cash management, deal underwriting, and financial reporting.

Mr. Burroughs graduated from Indiana University in 1978 with a B.S. in Real Estate Administration. Mr. Burroughs worked for Merchants Bank/National City Bank of Indianapolis for over 9 years primarily responsible for placing construction and FNMA DUS permanent debt financing for market rate and affordable LIHTC rental housing. In 1995, he joined Bank One, Indianapolis, as Vice President of Community Development. His responsibilities included facilitating debt and equity investments for affordable 9% LIHTC rental housing, 4% LIHTC tax-exempt bond transactions and historic tax credit renovations for Community Reinvestment Act (CRA) purposes on behalf of Bank One and its related subsidiaries.

In May, 2000, Mr. Burroughs joined Pedcor Investments as Senior Vice President to manage and service existing debt and equity relationships, manage bond arbitrage investments and establish new debt and equity relationships for each of Pedcor’s proposed developments.

He is currently an independent Indiana licensed real estate broker and a Certified Commercial Investment Member (CCIM) candidate. He is also a past Chairman of the Local Advisory Council and member of the Project Review Committee for the Local Initiatives Support Corporation (LISC). LISC is a not-for-profit organization established to provide interim funding and/or grants to facilitate inter-city affordable housing, community development and economic development initiatives for independent community development corporations located within the Indianapolis MSA.

Mr. Gretencord graduated from the University of Indianapolis with a B.S. in Mathematics in 2016. Shortly thereafter, he began working as a Business Analyst for a government contracting company where he was responsible for SOW reporting duties to the client as well as improving business practices through various metrics and KPIs for internal departments. Mr. Gretencord then received his M.B.A with a concentration in Data Analytics in 2020 from the University of Southern Indiana. While attending graduate school, Mr. Gretencord transitioned to a Finance career path and joined Pedcor in the summer of 2019, where his responsibilities include maintaining in-balance calculations for deals under construction, cash management, and long-term investor projections.