About

Creativity has been a hallmark of Ameritus LLC’s success in the commercial real estate industry since its founding in 1999.  Whether it is the adaptive resuse of what many thought was an obsolete industrial building, the reclamation of historic bridge beams incorporated into a new tenant conference center, or the space planning to accommodate large equipment into a tenant’s existing space, Ameritus seeks innovative solutions to challenges both large and small.

Ideas are only as good as the results, and Ameritus prides itself on successfully executing on its business strategies.  Ameritus’s highly resourceful, results driven team consists of deeply experienced real estate professionals with complimentary disciplines.  The key principals of Ameritus have over 110 years of combined real estate experience in the areas of acquisition & development, leasing, management, and capital markets.

As an investment partner or a services provider, Ameritus is capable of maximizing value through our creativity, experience, and energetic attitude.  How can Ameritus work with you... askAmeritus.TM

 

Overview

Ameritus, LLC is a uniquely positioned commercial real estate investment and services firm based in Chicago.  The firm invests in and operates commercial real estate with a focus on the greater Chicago marketplace, and serves as the local operating partner to institutional investors, private equity firms, and high net worth individuals.  Founded in 1999, Ameritus offers a core set of real estate services for its capital partners and third-party clients which creates and maintains value for investors in the office, industrial, and retail asset classes.  Ameritus feels strongly about the alignment of interests, and as such, has the willingness and significant capability to invest in real estate projects along with its capital partners.

The Ameritus Team consists of talented individuals who have successfully developed and managed businesses at both national real estate firms and entrepreneurial investment boutiques.  At these firms, our key principals have been involved in over $4 Billion of commercial real estate transactions and investments.  Individually, each member of the firm contributes a valuable and unique skill set with core competencies in leasing, management, and investment acquisitions.  When working in concert, these complimentary capabilities serve as the foundation of Ameritus’s dynamic commercial real estate platform designed to provide a high level of service to both our investors and clients.

 

Team

 

Principals

J Scherb

Jeb Scherb email_icon linkedin_icon

Jeb is a co-founder and Principal of Ameritus, LLC and has grown the company from a boutique services provider to an investment sponsor for institutional and high net worth real estate investors. Jeb has 20 years of commercial real estate experience and started his career with Frain Camins & Swartchild. With a focus on office and industrial transactions in the Chicago CBD and River North submarkets, Jeb has arranged over $350M of lease and investment transactions. At Ameritus, Jeb is responsible for the acquisition, development, and implementation of the business plans of all investments, including leasing, capital projects, and operations. Jeb is the co-founder of Young Office Brokers Association, and is a past recipient of the Frank Mahoney Award for Excellence in Brokerage given by the Association of Industrial Real Estate Brokers. Jeb is a graduate of St. Lawrence University, holds the CCIM designation, and is an Illinois licensed real estate broker.

B Scherb

Bert Scherb email_icon linkedin_icon

Bert is a co-founder and Principal of Ameritus, LLC and has handled over 2,000 sale and leasing transactions and developed over 1 million square feet of office and retail properties throughout his career. Bert has founded and grown several real estate platforms in Chicago including Hawthorne Realty and Midwest Real Estate Exchange which he eventually sold to the NYSE listed Grubb & Ellis. At Grubb & Ellis, Bert served as the President of the Midwest Region and was a member of the firm’s Board of Directors. Bert also served as the head of office leasing at Frain Camins & Swartchild prior to forming Ameritus. Bert is responsible for various property management activities for the firm and focuses on fundraising and investor relations for Ameritus. Bert is a graduate of the University of Denver, is the past president of the Realty Club of Chicago, and is a founder and the first president of the Chicago Office Leasing Brokers Association.

B Nummy

Benjamin Nummy email_icon linkedin_icon

Ben is a Principal of Ameritus and has over 20 years of institutional real estate experience having held various senior level investment positions at Massachusetts Mutual Life Insurance Company, Morgan Stanley, and Equibase Capital Group. At Ameritus, Ben is responsible for acquisitions, investment management, and maintaining relationships with Ameritus’s equity and lending partners. Internally he handles all capital markets transactions, fund administration and investor reporting. Throughout his career, Ben has invested over $1.75B of capital in debt, mezzanine, and equity structures throughout the United States and in all commercial property types. Ben is a graduate of Syracuse University and earned his MBA at Northwestern University’s Kellogg Graduate School of Management. He holds the CCIM designation and is Series 7 and 63 FINRA licensed.

B Budington

Bob Budington email_icon linkedin_icon

Bob is a Principal of Ameritus and has 20 years of commercial real estate experience with a diverse background in leasing, financial analysis, asset management, and property acquisitions and dispositions. He has negotiated leases in excess of $200 million in value, assisted in acquisitions and dispositions of $300 million in assets, and implemented marketing and leasing programs for 3 million square feet of assets. Prior to joining Ameritus, Bob has held positions with Jones Lang LaSalle, Golub & Company, Colliers International and Avison Young. At Ameritus, Bob leads a tenant representation business and is instrumental in the leasing activity of Ameritus-sponsored investments. Bob is an Illinois licensed real estate broker and is a graduate of Cornell University.

 

Accounting

 

Kirk Molzahn email_icon linkedin_icon

Kirk serves as Ameritus’s Director of Financial Reporting, coordinating the firm’s Tax, Audit and Investor Reporting functions. Over the last 35 years, he has worked for such companies as Coopers & Lybrand, Ernst & Young and Equity Office Properties. Kirk is a Certified Public Accountant.

 

Joanne Doll email_icon

Joanne’s experience spans over a 30 year career in the Chicago real estate community. Having entered the industry with a developer of suburban office buildings, Joanne has held positions with Manulife Real Estate and Frain Camins & Swartchild before becoming the first employee of Ameritus, LLC. At Ameritus, Joanne serves as the firm’s controller handling all bookkeeping, banking, and lease administration, as well as assisting in the financial reporting to investors and lenders. Joanne is an Illinois licensed real estate broker.

 

Ivette Medina email_icon

Ivette serves as an accounting assistant at Ameritus. She graduated with an Accounting degree from Northeastern Illinois University. She is responsible for the AR/AP functions of the firm. Prior to her experience in the Ameritus accounting department, she held a similar position with a Chicago-based residential property management company.

 

 

Asset Management

 

Scott Sessa email_icon linkedin_icon

Scott’s responsibilities at Ameritus include the leasing of 205 West Wacker and 213 West Institute Place. Additionally he is spearheading the business development of the firm’s third party services activities. Scott has serves as Landlord’s leasing representative for CBRE and Merchandise Mart Properties.

 

Jean Kotin email_icon linkedin_icon

Jean has over 20 years of commercial real estate experience in the areas of corporate finance, acquisitions, investment management and strategic planning. Prior to joining Ameritus, Jean held various positions at Jones Lang LaSalle and Equity Group Investments. Jean focuses on project and construction management within the Ameritus portfolio and for the firm's third party service clients. In her role, she coordinates a wide array of vendors and in-house resources to complete complex tenant improvement assignments and redevelopment projects. Jean holds a Bachelor of Science degree in Business from the University of Illinois-Champaign, and is a licensed Certified Public Accountant, (CPA).

 

Kim Conolty email_icon linkedin_icon

Kim serves as Ameritus's Assistant Property Manager supporting our building management and leasing teams. With her LEED Green Associate certification, she leads sustainability projects at Ameritus' properties. Kim has seven years of account management experience with Soccer 2000 and HMT Associates, an Ohio-based advertising and promotions firm. Kim is a graduate of Illinois State University and was a member of the school's Division I Women's Soccer Team.

 

Greg Boos email_icon

Greg joined the Ameritus team with nearly 10 years experience in both retail and business to business management. He currently serves as our Tenant Service Coordinator for our north suburban portfolio. Greg studied business at Northeastern Illinois University and received a degree in broadcasting from The Illinois Center for Broadcasting. Born and raised in Chicago, Greg has a passion for all Chicago sports. Greg is based out of our Northbrook Office.