Experience

Nevan Shokar has over twelve years of private and public sector experience. He began his career at a global, publicly traded REIT (NYSE: WELL) in Ohio where he transacted over $2.7 billion of acquisitions, mergers, and dispositions. He continued his career at Miller Capital Advisory in Chicago, a real estate private equity firm that advises and invests for CALPERS, the nation’s largest pension fund, leading the $1.1 billion acquisition of Miracle Mile Shops. He returned to Detroit to assist in Detroit’s resurgence by joining the Detroit Economic Growth Corporation (“DEGC”). At the DEGC, Nevan was responsible for assisting large commercial real estate transactions in Downtown, Midtown, and Corktown by securing tax incentives, low-cost gap financing, and improving the overall financial feasibility of deals. He is proud to have worked with Olympia Development and Related Companies on their $1.5 billion District Detroit development by creating a new affordable housing loan program that provided a $24 million cash grant to the residential projects, a $50 million infrastructure cash grant, and a $616 million transformational brownfield TIF. Additionally, Nevan worked with Bedrock to secure a PA 210 tax incentive on the Hudson’s site and drafted and approved through the DDA board a revised development agreement on the Monroe Block. During his time at the DEGC, Nevan also worked on economic development deals such as the $2.5 billion Fiat-Chrysler Mack Avenue Plant by securing $105 million in public subsidies, acquiring over 200 acres of land from multiple public and private landowners, and creating over 4,950 full time jobs in the City of Detroit. Nevan left the DEGC in December 2022 to work as Vice President at Basco, a Detroit headquartered real estate investment, management, and development company leading the firm’s leasing, deal structuring, tax incentives, financial analysis and bank reporting, government relations, and asset management efforts and managing a team of over eight employees. Nevan led the entitlement process for a $38 million, 80-unit apartment building in Downtown Detroit, securing over $20 million in grant and 1% interest loan financing for the project. Nevan subsequently left Basco in March of 2024 to focus full-time on the Shokar Group which was founded in 2022.

Education

Shokar is a graduate of the Stephen M. Ross School of Business in Ann Arbor, MI where he studied finance and accounting and graduated with distinction. He received a partial scholarship which covered two years of tuition and lodging. Nevan has since participated in ULI’s Larson Leadership Initiative, Leadership Detroit, and the Mackinac Future Leaders program.