REI Development Team
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.
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.
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.