Quarter 3
COMPANY NEWSLETTER
Living the Difference
VOLUME 8, ISSUE 3
PROJECT UPDATE SPRING STREET & TERRAPIN RUN BY PETE TODD At
Fiduciary
project
Real
represents
Estate an
Development,
opportunity
to
every create
communities where residents can live, work, and succeed. Two of our most exciting developments currently underway, Seasons at Spring Street in Mount Pleasant and Terrapin Run Townhomes in DeForest,
demonstrate
our
continued
commitment to delivering high-quality housing throughout Wisconsin.
Located in Mount Pleasant, Seasons at Spring Street continues the evolution of the Seasons brand by combining modern apartment living with thoughtfully designed amenities and convenient access to employment, shopping, and recreation. The community offers residents the suburban lifestyle they desire while maintaining strong connections to the greater Racine area. Features include
upscale
finishes,
a
resort-style
pool,
clubhouse, fitness center, and a variety of floor plans designed to meet the needs of today's renters. Over the past several years, our development, construction, and property management teams have worked closely together to bring this vision to life. From planning and design through construction and the first building’s turnover, the project has showcased the collaboration and dedication that define the FRED approach. The successful delivery of leasing spaces, amenities, and first residential building reflects the hard work of numerous team members, trade partners, consultants, and local officials who helped move the project forward.
In DeForest, Terrapin Run Townhomes represents a new chapter for residential development in one of the fastestgrowing communities in the Madison metropolitan area. The development
is
designed
to
offer
residents
a
unique
combination of natural beauty, modern living, and convenient access to major employers throughout Dane County. The community includes a mix of townhome-style residences and stacked-flat apartments with private entrances, attached garages, and contemporary finishes. Residents will enjoy amenities such as a clubhouse, fitness center, pool, walking trails, and direct access to the Upper Yahara River Trail system. The project is being developed on approximately 49 acres and this first phase is expected to provide more than 200 new homes for the DeForest market. Terrapin Run highlights FRED's ability to identify growing markets and deliver housing that aligns with community needs while maintaining a focus on quality and long-term value. Both Seasons at Spring Street and Terrapin Run Townhomes reflect FRED's mission of creating remarkable multifamily communities across the Midwest. While each development serves a different market and resident profile, both projects demonstrate the importance of strong planning, disciplined execution, and teamwork. As construction progresses and residents begin calling these communities home, we are reminded that our work extends far beyond buildings. We are shaping neighborhoods, supporting local economies, and providing housing opportunities that improve the quality of life for thousands of residents. Thank you to everyone involved in these projects, from development through construction, leasing, and operations. Your dedication continues to make FRED's vision a reality
MARKETS & CONFERENCES
SPECIAL FEATURE
High Point Market, North Carolina KARLA SCHULTZ, INTERIOR DESIGNER On April 25th - 28th, I traveled to High Point Market in North Carolina for the spring furniture & interior design trade show. Now trending are furnishings with warm wood tones, curved or scalloped edges and fluted veneers, wallpaper with large patterns and bold colors, mixing playful with traditional patterns in upholstery and wall art, and statement lighting. My time at market has provided a wealth of design inspiration, but also the opportunity to discover and create partnerships with manufacturers and suppliers, for B2B cost-effective ordering.
Apartment Innovative Marketing, California SHANNON MCINNIS, CREATIVE MARKETING COORDINATOR At the beginning of May, I attended the AIM (Apartment Innovative Marketing) conference in Huntington Beach, California. Sessions focused on the future of marketing in the AI era, including Canva strategies for multifamily, evolving online reputation management, and the growing importance of high-quality media. Attending conferences like AIM helps keep FRED at the cutting edge of market trends, bringing fresh ideas to our marketing, and building relationships with new vendors to support our vision as we continue to scale.
WisCon Cybersecurity Conference, Wisconsin JASON STREIT, DIRECTOR OF TECHNOLOGY On June 11th, our FRED IT team traveled to Madison to attend the WisCon Cybersecurity Conference. It was an opportunity for us to connect with other professionals tackling the same challenges we face. The sessions covered everything from evolving threat landscapes and identity security to the growing role of AI in both attacks and defense. What stood out most was how quickly the industry is shifting and how important it is for teams like ours to stay ahead of it. We left with new ideas, fresh perspective, and a renewed energy for protecting FRED’s systems, data, and most importantly, our people.
EVENT RECAP QUARTER 2 EVENTS BY JULIE LINCOLN Quarter 2 has been filled with exciting moments and meaningful celebrations across FRED! In May, we hosted
our
annual
FRED
Game
Day,
where
employees enjoyed lunch and a Milwaukee Brewers game
together.
Great
conversations,
team
camaraderie, and a 7–1 Brewers victory made for an unforgettable
day.
The
following
week,
our
Maintenance, Groundskeeping, and Cleaning teams came together for another successful FRED Fuel Up, enjoying breakfast and coffee while connecting with teammates. A special thank-you to 50Twenty, State Street Station, Seasons at Mount Pleasant, Seasons at North Aurora, and Creekwood for hosting these gatherings. To close out May, we celebrated a significant achievement at the Seasons at Grafton Stabilization Celebration. This milestone recognized the dedication, collaboration, and hard work that contributed to the community’s success. In June, Domain hosted Madison’s first company-wide Happy Hour. Employees enjoyed delicious snacks, treats, and drinks while spending time together and building connections across teams. Thank you to everyone who participated in and supported our Quarter 2 events.
UPCOMING EVENTS & HOLIDAYS PRE/INDEPENDENCE DAY
JULY
2-3 AUGUST
22
AUGUST
23
July 2 - Half Day July 3 - Closed
For all FRED employees
Saturday, 9am More info to come for FRED team
PRE/LABOR DAY
FRED FAMILY DAY
11am-3pm For all FRED employees
HONOR RUN
SEPTEMBER
Family Day
4-7
Sept 4 - Half Day Sept 7 - Closed
For all FRED employees
GROUNDWORK BY FIDUCIARY REAL ESTATE DEVELOPMENT, INC.
It has been an incredibly active and rewarding season for FRED’s Groundwork Committee and volunteers across our portfolio. We are grateful for the many ways our teams have given back to both the communities we serve and their surrounding communities and are excited for the opportunities still to come this year. In April, team members participated in volunteer activities across Milwaukee, Madison, Green Bay, and Illinois in recognition of National Volunteer Month. Through these efforts, FRED donated $1,000 each to Ronald McDonald House of Eastern Wisconsin, Ronald McDonald House of Madison, Phil’s Friends in Illinois, and House of Hope in Green Bay. Activities included baking treats, packing lunches, filling care packages, and turning a transitional housing unit. A total of 26 volunteers participated, making a meaningful impact throughout our communities. In May, we hosted a learning event in honor of National Cancer Research Month featuring guest speakers from the American Cancer Society who shared valuable insights and personal perspectives. FRED donated $10,000 to the ACS, including $2,500 designated toward sponsoring the Making Strides Against Breast Cancer Walk this October. We look forward to organizing a FRED team to participate in this important event. Also in May, our annual FRED Game Day Food Drive benefitting Hunger Task Force resulted in nearly 700 pounds of food collected and a $3,000 donation to HTF. Members of the Groundwork Committee recently had the opportunity to tour Hunger Task Force’s new warehouse in Milwaukee and see firsthand the impact of their work in addressing food insecurity. In June, our IT team volunteered at its second Techquity event in partnership with United Way of Greater Milwaukee and Waukesha County. Volunteers assisted community members by helping register recipients for computers, answering technology-related questions, and guiding participants throughout the event.
Looking for information? Use the QR code to access a list of opportunities and resources from FRED’s Groundwork committee!
June also marked our first partnership with Habitat for Humanity of Dane County. Eight volunteers contributed their time to help complete “finishing tasks” on a home and FRED donated $2,500 to support the organization’s mission. We’re excited to continue our relationship with Habitat for Humanity, with our first volunteer opportunity alongside Milwaukee Habitat for Humanity scheduled for August 5th. You can sign up now before spots fill up! 22Slate partnered with the American Foundation for Suicide Prevention to host a learning event for team members and residents. Attendees heard from AFSP representatives and participated in a succulent-planting activity, decorating pots while connecting with others. We love seeing properties create opportunities that engage residents to support meaningful causes. FRED is proud to be a leading sponsor of this year’s Stars and Stripes Honor Run & Walk on August 23rd, benefiting Stars and Stripes Honor Flight. We’ll be organizing a FRED team and invite everyone to join us for a walk at Milwaukee’s Veterans Park in support of our nation’s veterans. More information to come! The Groundwork Committee wants to hear from you! We are launching a new Community Support Request Form, where you can request assistance from the committee for organizations or events that are important to you. Support may include marketing materials, logistical assistance, volunteer recruitment, and more. We also encourage you to share your community involvement through our new Giving Activity Notification Form. Whether you volunteered individually, participated as a team, or supported a nonprofit event, we’d love to recognize your efforts. As a reminder, all FRED employees receive one paid Volunteer Day each year to use with an organization of their choice, in addition to participating in FRED opportunities. Thank you to everyone who continues to make a difference in our communities. Stay tuned for all of the upcoming activities this October for FRED Giving Week!
GROUNDWORK BY FIDUCIARY REAL ESTATE DEVELOPMENT, INC.
Special Feature
Day and his boat for the VAs 53rd Annual Disabled Vets Fish Outing in June. This year's event included 32 boats and 80 veterans, who collectively caught 66 fish, weighing a total of 373 pounds. Kyle had the honor of taking Susan, an Army Veteran, out on the lake. The day started at 7am with coffee, donuts, and launching boats out of Port Washington. After fishing for about three hours in rain and twothree foot waves, Kyle and Susan caught seven fish, more than any other boat! She had a great attitude and was especially intrigued by the pelicans. the
veterans
and
volunteers
enjoyed a fish boil at a nearby VA post. Most fish caught that morning were boiled and served, with the remaining going to the VA’s food pantry. Live music, trophies given out for the biggest fish, and other giveaways made for a memorable afternoon. Kyle says the event was quite a community effort, with help from the Port Washington High School football team and the Patriot Riders of America Wisconsin Chapter 1, in addition to all of the other volunteers. Kyle fishes a couple of times a week. This was his first time volunteering his skillset for this event and he now plans to participate annually. The Disabled Vets Fish Outing started in 1972 when Tom McQuaid, Lou Krecklow, Wayne Horman, and many others took two disabled vets in wheelchairs out on charter fishing boats. Their mission today is to give the vets that attend the event an amazing day of fishing, a fish boil, a cook out, entertainment, and mingling with other veterans. You can learn more about the organization here!
how you spent your FRED love to hear about it!
Ridge and Orchard Hills, used his FRED Volunteer
fishing,
Use the QR code to share Volunteer hours - we’d
Kyle Herriges, Maintenance Supervisor at Drexel
Following
Ready to share?
TEAM FRED GOOD NEWS
TOM WITZEL
CORPORATE COUNCIL, CORPORATE
Have Good News? Use the QR code to submit yours for a chance to be featured in an upcoming issue!
KRISTI PEIRCE
VP OF CORP. FINANCE, CORPORATE
In April, I traveled to Kauai, Hawaii for my brother and sister-
My daughter, Sydney, recently graduated from The Ohio
in-law’s wedding. They live in Okinawa, Japan, where my brother serves in the U.S. Navy, making Hawaii a convenient
State University with a degree in Marketing and a minor in Business Statistics. She is looking forward to starting her first real job soon. Go Bucks!
meeting point for family traveling from Wisconsin. We enjoyed beautiful weather, warm ocean water, and the chance to swim with sea turtles every day!
TRISHA DUNTON
OFFICE COORDINATOR, CORPORATE
JACOB KUZDAS
DIR. OF CONSTRUCTION, CORPORATE On June 2nd at 3:48 pm, my wife and I welcomed our second baby girl into the world. Evette Kennedy Kuzdas is perfect in every way - our entire family is feeling very blessed! Her big sister, Estelle, is enjoying helping out with feedings and providing baby snuggles.
I recently took my first cruise, a seven-night adventure to Alaska, and it was an unforgettable experience. From seeing whales and taking a bear tour to witnessing the beauty of a glacier, every day offered something amazing. One of the highlights was riding a gondola to the top of a mountain, where I enjoyed breathtaking views of Alaska's stunning scenery. The majestic mountains and natural beauty made the trip truly special. I also thoroughly enjoyed the cruise itself. The food was excellent, the service was outstanding, and there was always something to do. My first cruise exceeded all expectations, and I would highly recommend an Alaskan cruise to anyone looking for a memorable vacation.
CELEBRATING FRED’S MILESTONE ANNIVERSARIES JULY-SEPTEMBER 2026 ALI MERHI MAINT. SUPERVISOR RIDGE VIEW 30 YEARS
JAMIE GRAHAM REGIONAL MAINTENANCE MANAGER 20 YEARS
SAM MONTES GROUNDSKEEPER DOMAIN 10 YEARS
JANNA DALECKY ACCOUNTS PAYABLE SUPERVISOR 5 YEARS
ERIKA ACIMOVIC PM OPERATIONS SPECIALIST 5 YEARS
JACOB KUZDAS DIRECTOR OF CONSTRUCTION 10 YEARS
STEVE FLOWERS SENIOR SUPERINTENDENT 20 YEARS
MANNY ORNELAS SUPERINTENDENT 5 YEARS
Did you know? All FRED employees who celebrate a milestone anniversary
RETIREMENT ANNOUNCEMENT
receive a $75 credit to spend at the FRED Spirit Store!
After nearly seven years with FRED, we are grateful to celebrate Jim Wohead and his contributions over the years as he begins his retirement. Jim played a key role in FRED's expansion into the Illinois market, serving as the owner's representative on projects built by third-party general contractors. He helped ensure each development met FRED's standards for quality, schedule, and budget. He contributed to several major developments, including Seasons at Orchard Hills, Seasons at Randall Road, Seasons at Plainfield, and most recently, Seasons at Elgin. His construction expertise and commitment to excellence made him a valued member of the Construction and Development team. Please join us in thanking Jim for his years of dedication and wishing him all the best in his wellearned retirement.
ON THE COVER: 2026 DANE COUNTY HABITAT FOR HUMANITY BUILD DAY