When it comes to real estate services, it’s not just who you know.
It’s what you know and who you are. REI is one of the most experienced teams you’ll find anywhere.
Michael W. Wells
Reshaping skylines, building communities, and exceeding customers’ expectations for more than 30 years.
Mike Wells serves as President of REI Real Estate Services, LLC. Over the past 25 years Mr. Wells has been involved in a number of significant real estate projects including the JW Marriott Hotel, Marriott Place, Circle City Mall, Wellpoint Operation Center, Emmis Communications Headquarters and the Indianapolis Marriott Hotel, all in downtown Indianapolis. Currently, REI has a number of hotels and multi-family projects under development in Indianapolis, Louisville, Kentucky and Austin, Texas.
In addition to his development activities, Mr. Wells manages the portfolio of real estate investments owned by REI Real Estate Partnership. These investments include 300 North Meridian in downtown Indianapolis, several parking garages and numerous suburban office buildings. REI currently has over $200 million of development projects ongoing.
Prior to his career with REI, Mr. Wells was a practicing attorney in Indianapolis, specializing in the real estate and tax-exempt financing area.
Mr. Wells graduated Magna Cum Laude from the Robert H. McKinney School of Law – Indiana University and received a B.S. from Purdue University in Interdisciplinary Engineering. Community activities include serving as President of the Indianapolis Airport Authority, immediate past Chairman of the Indianapolis Zoo, Indiana Chamber of Commerce and Crossroads Council of the Boy Scouts of America. Mr. Wells also serves on the Executive Committee of the YMCA of Greater Indianapolis and Building Owners and Managers Association and is a member of the Benjamin Harrison Presidential Site Board of Directors and the American Pianists Association. Mr. Wells also serves on the Board of Directors of Ameriana Bank and the Purdue Research Foundation. Mr. Wells is a member of the Indianapolis Bar Association and alumnus of the Stanley K Lacy Leadership program.
Jeffrey S. Sporleder
Chief Financial Officer
He’s the one who takes care of the money. Obviously, he’s really good at it.
Jeff Sporleder is Chief Financial Officer for REI Real Estate Services, LLC. Inherently, the CFO is responsible for providing solutions while using existing knowledge, experience, and available resources to provide the financial information and analysis necessary to make sound business decisions that maximize the return on the investment for customers and owners. In this capacity, Jeff has direct responsibility for corporate financial analysis; management and investment of cash flow; coordination and preparation of audited financial statements and tax returns; strategic tax and business planning; and interaction with shareholders, partners, and the Board of Directors.
In addition, Jeff actively oversees insurance risk management, banking relationships, and human resources. He has more than 28 years of accounting experience, including five years in auditing with the accounting firm of Ernst & Young.
Jeff received a BS in Accounting with Distinction from Indiana University. He is a Certified Public Accountant in the State of Indiana and a member of the Indiana CPA Society and the American Institute of Certified Public Accountants. He is also a member of Beta Gamma Sigma, a national scholastic honorary society for students of business and management.
Jeff is also an active member of Mount Pleasant Christian Church and resides on its Board of Elders.
Michael D. Napariu, CCIM, CPA (inactive)
Vice President of Sales & Leasing
Download Mike's Bio
Mike knows a good real estate deal when he sees it. He has extensive experience in all facets of commercial brokerage including landlord representation and leasing, tenant representation, and corporate services. He’s the exclusive leasing agent for the properties owned by REI Investments, including 300 North Meridian Street, Meridian Crossing, and 11711 North Pennsylvania Street. He also works as the exclusive leasing agent for some of our clients, including such prominent Indianapolis properties as the Methodist Professional Center, and the USTA Midwest Headquarters. His in-depth market knowledge, financial expertise and significant experience allow him to provide his clients the most current information to guide their real estate decisions. Mike has also completed transactions for clients in Chicago, Phoenix, Denver, Cincinnati and Charlotte.
The trick is turning good deals into great ones. That’s where Mike really shines: at REI, he’s exclusively completed over 690 sale and lease transactions totaling over $348 million in value and encompassing more than 5 million square feet of commercial space.
Prior to joining REI, Mike spent several years with Indianapolis Power &Light, where he held several financial positions before working as a consultant for Economic Development. In this position, he worked with prospective and existing Indianapolis companies, helping them locate the property and resources needed for expansion. In his four years in that position, the companies Mike worked with made over $40 million of capital investment.
Mike is a graduate of Indiana University’s Kelly School of Business with a Bachelor of Science in Accounting. He is a licensed Real Estate Broker in the State of Indiana, as well as a CCIM Designee. He is also a Certified Public Accountant.
Mike currently serves as president of the Geist Half-Marathon. He is a past Board Chair of the Carmel Chamber. In addition, he is an Eagle Scout and an alumnus of theStanley K. Lacy Leadership Program.
Vice President of Asset and Property Management
Making sure the numbers make sense–and keep building value–for our company and our strategic partners.
As Vice President of Asset and Property Management for REI Real Estate Services, Tina Shute is responsible for establishing operating procedures and overseeing the various teams that provide Property and Facility Management for both REI properties and third party properties. In her role as Asset Manager, she is responsible for managing the value of the portfolio of properties managed by REI and shareholder relationships.
Ms. Shute's duties include overseeing the preparation of annual budgets, operating expense calculations and capital budgets. She is heavily involved with start-up management of new properties and prepares financial reporting for several third party clients including the City of Carmel and (MISO) Midcontinent Independent System Operators. She oversees large contract negotiations with vendors and large capital improvement projects.
Ms. Shute has worked for REI for over twenty-three years. Prior to serving as Vice President, Ms. Shute served as the Controller for REI. In her capacity as Controller, she was responsible for all aspects of accounts payable, accounts receivable, financial reporting, the budgeting and reconciliation process and establishing accounting policies, procedures and internal controls. Ms. Shute earned her Bachelor of Science degree in Accounting from the Kelley School of Business at Indiana University at Indianapolis. Ms. Shute is currently completing her Certified Property Manager designation through the Institute for Real Estate Management (IREM). Ms. Shute is a member of IREM and actively serves on the Riley Society Advisory Committee for the Riley Foundation.
Asset Manager/Director of Development
Identifying opportunities, underwriting the numbers, maximizing shareholder returns
Ryan Wells serves as Asset Manager and Director of Development of REI Real Estate Services, LLC. In his role as Asset Manager he is responsible for the oversight of strategic planning, investment analysis, operation and marketing analysis, positioning of properties in the marketplace in accordance with market trends and conditions, understanding the owner’s objectives of their real estate plans and strategizing on the best approaches to maximizing the investment return of real estate assets.
As the Director of Development Ryan duties involve leading the Development Team with managing multiple phases of the real estate development process. He participates in all aspects of development including site selection, due diligence exploration, financial analysis, budgeting, contract negotiation, development consultant management, site acquisition, investment package creation, coordination of the permitting process, execution of the construction documents, and general contractor management.
Ryan has over a decade of real estate and banking experience. Prior to joining REI he was involved in the commercial real estate and banking industries in Chicago. After graduating from Purdue University with a Bachelors of Science in Management he worked as a commercial real estate appraiser. In his capacity as an appraiser, he completed appraisals on a variety of property types including land, industrial, office, retail, hospitality, mixed-use, and multi-family properties. More recently he worked in the banking industry with a focus on commercial real estate. Working on the origination side of the business he financed numerous land developments, retail centers, multi-family properties, office buildings, and condominium conversions. As the economy slipped into “the Great Recession” Ryan found a niche restructuring and working out distressed debt. Prior to joining REI, he spent the previous six years working out problem assets in the banking industry and most recently for the U.S. Small Business Administration.
Ryan is an Eagle Scout and has received the Muller Award of Achievement from the Boy Scouts of America.