Acquisition & Development Team
Acquisition & development and property management have been CommonBond’s primary lines of business since 1971.
The development staff members have worked collaboratively across the affordable housing industry and are seasoned professionals experience in all types of real estate development.
If you’d like to partner with the CommonBond Acquisition & Development team, please call (651) 312-3352.
Thomas Stanberry, Executive Vice President of Real Estate
Thomas is responsible for real estate development and asset management activities, leading the organization’s efforts to grow and diversify its portfolio. This includes adding unsubsidized affordable rental housing and mission investing opportunities to a considerable subsidized housing portfolio built over CommonBond’s 45 year history. His professional career spans 36 years and includes multiple leadership roles in the business, financial, and legal sectors. Most recently, Thomas was a shareholder in the law firm Davis, Brown, Koehn, Shors and Roberts, P.C. where he practiced in the areas of financial transaction and government relations. From 2003 to 2009, he was the Chairman and CEO of West Bancorporation, Inc. and its wholly-owned subsidiary West Bank, in Des Moines, Iowa. Before joining West Bank, Thomas worked for Piper Jaffray, Inc. in various roles including the head of the fixed income capital markets division and as a senior investment banker.
Andy Hughes, Senior Project Manager
Andy Hughes’s responsibilities include business development for new real estate and vendor, lender, and investor opportunities, and project management and due diligence for new projects. Andy has a focus on markets in Minnesota and Wisconsin. Before joining CommonBond, Andy worked for Sherman Associates, Inc., TCF Commercial Bank, and Minnesota Housing. Andy holds a Bachelor of Arts degree from the University of Minnesota and a Master of Arts degree in Urban and Regional Planning from the Hubert H. Humphrey School of Public Affairs.
Diana Dyste, Housing Development Manager
Diana is responsible for the development and implementation of a comprehensive business development strategy that includes the development of new real estate projects and the acquisition of existing housing sites, with or without subsidy. Diana leads the planning, financing, and development of affordable housing communities, with specific focus on historic rehabilitation and adaptive reuse projects in Minnesota, Wisconsin, and Iowa. Prior to joining CommonBond, Diana worked for Sherman Associates, Inc. and the Rondo Community Land Trust. Diana holds a Bachelor of Arts degree from University of Michigan and a Master of Science in Architecture – Heritage Conservation and Preservation from the University of Minnesota.
Justin Eilers, Project Manager
Justin’s responsibilities include creating comprehensive development strategies for acquisitions of existing housing and new construction projects. He leads the planning, development and construction team that includes the owner, architect, general contractor, attorney and internal staff. He prepares financial analyses, assembles financing and monitors development expenses to ensure that projects are completed on time and within budget. Justin holds a Bachelor of Arts degree from Bethel University and a Master of Arts degree in Urban and Regional Planning from the Humphrey School of Public Affairs. He has 7 years of experience in housing and community development.
Kayla Schuchman, Project Manager
Kayla Schuchman’s responsibilities include the development and implementation of a comprehensive business development strategy that includes acquisitions of existing housing sites and development of new sites. Kayla leads the planning, financing, and development of new affordable housing communities, initiates community outreach, and works closely with architects and contractors in project design and construction. Kayla has experience with a wide variety of federal, state, county, and local funding agencies and programs, and most recently was the Manager of Multifamily Programs at Minnesota Housing. In this role, Kayla supervised a team responsible for the Low Income Housing Tax Credit Program and annual Request for Proposals, where she led the development of the Qualified Allocation Plan for Low Income Housing Tax Credits, and deployed annual funding awards worth over $100 million. Kayla earned a Bachelor of Arts in Economics from Macalester College and a Masters of Public Policy from the University of Minnesota’s Humphrey School of Public Affairs. She has 12 years of experience in housing and community development.
Bob Mueller, Director of Construction Management
Bob Mueller’s responsibility as Construction Project Manager within Acquisition and Development is to coordinate and supervise the construction process from pre-construction through project completion. Bob has more than 30 years experience in construction management and 12 years of consulting to non-profit organizations, multi family, senior and commercial owners and developers, providing construction management, facility analysis, asset strategic planning and technical services to meet critical business and organizational needs. He has worked with non-profit assisted living and nursing home clients in the development of pioneering elderly care and hospice housing.
Tammie Fallon, Construction Project Manager
Tammie’s responsibility as Construction Project Manager is to coordinate and supervise the construction process from pre-construction through project completion. Tammie has more than 14 years of experience in construction management. Project types include commercial, multi-family, religious, and restaurants. For the past 12 years, the majority of her projects have been multi-family housing, including CommonBond’s Riverview Apartments.