Michael T. Mance - Partner
Mike has been involved in the real estate industry since 1972 as both a builder of single family homes and as a builder / rehabilitator of apartments. Mike began his real estate career with a national production homebuilder in Pittsburgh. He was transferred to Indianapolis in 1973 and has been active locally ever since. Mike worked as field superintendent and production manager for various homebuilders until forming his own company in 1975. From 1975 to 1979 Mike built custom homes, primarily on the West Side of Indianapolis. In 1978, Mike was named "Home Builder of the Year" by the largest Realtor firm in Indianapolis. As interest rates approached 20%, Mike discontinued his home building business to rehabilitate apartments.

Between 1980 and 1982, Mike rehabilitated 362 apartments financed under programs offered by the Department of Housing and Urban Development. Mike served as project superintendent for these projects and was responsible for on-site supervision, scheduling, materials release and control, construction draws and HUD inspections.

From 1983 until forming Paragus, Mike was a Project Developer and Development Partner for a major Indianapolis apartment developer. During this time, Mike was responsible for 50% of all new construction, taking projects from conception to completion including establishing initial and final construction budgets. Mike's responsibilities included all materials purchasing and contract negotiations for the project including site, buildings and infrastructure. Other responsibilities included scheduling, supervision and cost control. Project values ranged from $3,500,000 to $25,000,000 and included approximately 3,400 apartments in a three-state area.

Gary G. Ritz - Partner
Gary began his real estate career in 1975 as a loan officer for a major Indiana savings bank. Primary responsibilities included the origination, structuring and underwriting of income property real estate loans. Types of loans included construction loans, land development loans, permanent loans, "mini-perm" loans, participating loans, tax exempt bond debt and joint ventures. Loan submissions and reports were made directly to the bank's board of directors on a regular basis. Loans were made on apartments, office buildings, retail centers, office/warehouse buildings, hotels and motels, nursing homes, hospitals, restaurants, condominiums, single family homes and on land to be developed.

From 1984 until forming Paragus, Gary worked for a major Indianapolis apartment developer, as Director of Finance and Development Partner. Primary responsibilities were to obtain financing, equity partners and/or purchasers for all apartment communities developed. Relationships were established with banks, thrifts and insurance companies. During this time, construction financing was obtained on approximately 5,000 units in fourteen communities and permanent financing was placed on approximately 3,000 units in seven communities. In addition, three sales were generated involving approximately 1,000 apartments.

Gary was the President of the Indiana Apartment Association in 2006 and 2007, is a licensed real estate broker, and a Housing Credit Certified Professional.

Mike Roland.
Mike is senior project manager for Paragus Construction Company, Inc. Mike has more than 35 years experience in the construction industry. During this time, Mike has performed various on-site functions. He is presently responsible for all on-site supervision and scheduling for all subcontractors and suppliers, on a project basis.