People
Jonathan R. Anderson, Esq. | President
janderson@andersonpartnersllc.com
317.294.4905
Jon Anderson formed AP Development LLC and Anderson Partners LLC in January of 2010. Prior to forming the firm, Mr. Anderson was a partner at two large Indianapolis law firms and in-house counsel for a multi-national corporation.
Mr. Anderson concentrates his real estate development work in historic rehabilitation, and urban revitalization and brownfield redevelopment. AP Development LLC has more than $200 million and nearly 1,000 units of affordable and market rate housing under construction or in development. AP Development LLC is a diversified real estate development company, including affordable and market rate housing, hotels, mixed-use projects using a variety of tax credits, incentives and financing structures.
As legal counsel, Mr. Anderson concentrates his practice in community revitalization, including private investment utilizing New Market Tax Credits, Rehabilitation/Historic Tax Credits, Low Income Housing Tax Credits and state tax credits and incentives, working with developers, contractors, lenders, investors and general partners in a variety of transactions involving community revitalization, historic rehabilitation and affordable housing. Mr. Anderson has also represented clients in construction and permanent financing and the acquisition, development and disposition of commercial, office, retail, industrial and residential developments. Projects have also included other types of public funding, including HOPE VI, AHP, HOME, CDBG, HUD and state tax credits and grants.
Mr. Anderson has closed in excess of 300 tax credit transactions since 1998, many of which included layered finance and a combination of tax credits, creating more than 10,000 affordable housing units and supportive facilities such as charter schools, public facilities and mixed-use developments. Mr. Anderson has also obtained, structured and closed more than $200 million in tax-exempt multi-family mortgage bond financing transactions. Mr. Anderson works throughout the country, including projects in Wisconsin, Illinois, California, Minnesota, Oklahoma, Florida, South Carolina and other states.
Mr. Anderson is a 1996 graduate of the Indiana University School of Law – Indianapolis and a 1993 cum laude graduate of Indiana State University (History and Political Science).
Matthew C. Rueff, CRE | Director of Development
mrueff@andersonpartnersllc.com
317.402.3924
Working in the public and private sectors, Mr. Rueff has practiced community economic development in urban and rural areas across the nation for more than 30-years. His extensive real estate development experience was recognized with his invitation to become a Counselors of Real Estate (CRE) in 2018. He has used his skills to assist with real estate planning and pre-development; perform market assessments and real estate site economic analysis to determine project development viability of various financial scenarios; managing and coordinating partnerships with private businesses, public agencies, and nonprofits to find the right fit to create public-private partnerships to complete real estate and economic development projects.
He joined AP Development LLC (APD) and Anderson Partners LLC (AP) in April of 2021. In this role with APD and AP, he will enhance the firm’s growth to find and develop transformative real estate projects. APD’s goal is to work with communities to transform underutilized property such as vacant historic buildings, industrial properties, and brownfields by finding viable adaptive reuses of the real estate to meet community needs and market demand. This often involves building a project “capital stack” that requires the use of innovative financial programs such as Low-Income Housing Tax Credits, Historic Tax Credits, New Market Tax Credits, Tax Increment Financing, tax abatement, or other governmental programs that fill a project funding gap. This requires creative problem solving and collaboration on a shared vision between public and private sectors to build a trusted partnership to successfully redevelop underutilized real estate.
Mr. Rueff ‘s extensive experience in community economic development of managing hundreds of local development projects worth more than two billion dollars has been recognized by others:
Mr. Rueff is a 2000 graduate of the Indiana University O’Neil School of Public and Environmental Affairs with a concentration in Public Management and a 1982 graduate of Grinnell College (Political Science).
He lives in Indianapolis where over the years he has served on numerous civic boards. Most recently, he served twelve years on the board of Westminster Neighborhood Services on Indianapolis’ near east side.
Daniel Boecher | Director of Project Development
dboecher@andersonpartnersllc.com
574.903.4688
For the past twenty years, Mr. Boecher has developed skills in all aspects of real estate development. This ranges from single family renovations to adaptive reuse of a 100-year-old historic hotel. With experience in both public and private sectors, commercial lending, and asset management, Dan’s background allows him to use these skills in project management so APD can fulfill its mission of finding and developing transformative real estate projects.
APD’s resume of historic renovation involving adaptive reuse is enhanced by Dan’s most recent experience which involved converting a former apartment building into a Hilton-flagged boutique hotel-the first historic hotel in the region. The project involved historic tax credits as well as multiple layers in the remaining capital stack.
Dan assists in all aspects of the pre-development process and project management for APD’s projects and will run point on the oversight of projects once under construction.
He has been in community leadership for twenty + years and currently serves as President of the City of Elkhart Housing Authority Board of Commissioners, a member of the City of Elkhart Plan Commission and a member of the board of directors of the Elkhart County Historical Society. Dan is a 1992 graduate of Kalamazoo College (BA).
Brian Staup, CPA | Director of Operations & Finance
bstaup@andersonpartnersllc.com
Brian brings more than 20 years of accounting experience to AP Development LLC and Anderson Partners LLC. Brian began his career in public accounting before entering the private sector, worked extensively in the real estate development, property management and construction industries. Brian has worked in multiple capacities for some of the leading real estate developers in Central Indiana. As Director of Operations and Finance, Brian manages both internal and external financial reporting, tracking new construction progress, financing and the financial performance of operating properties. Brian is a CPA and Manchester University graduate. Brian has spent the majority of his career in the Indianapolis area, where he has been a member of multiple youth sports board of directors.
Dustin McClain | Director of AP Construction LLC
dmcclain@andersonpartnersllc.com
Dustin has more than 25 years of multi-family and mixed-use construction experience. He leads the AP Construction team which exclusively builds AP Development’s new multi-family mixed-use infill projects and historic building readaptation projects. Dustin works closely with APD, project architects, development team members, property owners, managers, local government fire and utility staff, maintenance staff and public and private sector building inspectors. He has built more than $1.5B in completed construction projects working coast to coast and in Canada. He has experience with several different parking garage construction types as well. Dustin and his teams have a successful record of delivering projects on time and on budget.
Caroline Rizk | Construction Administrator | AP Construction LLC
crizk@andersonpartnersllc.com
Ms. Rizk has over 20 years of experience in project management and construction services. She maintains project financial management, materials, and subcontractor inventories, and provides on-going construction planning services working closely with the leadership of AP Development and AP Construction coordinating workflows with all parties involved. She manages project budgets and schedules ensuring AP Development projects are completed on time and on budget. She oversees all phases of construction from initial project planning through certification of occupancy approvals. Collaborating with architects, engineers, environmental consultants, and contractors, she resolves issues to ensure project specifications are met. Ms. Rizk works closely with subcontractors and suppliers securing favorable terms on materials, delivery and specific construction services. She prepares and maintains project documentation including permits, approvals, and progress reports to regulatory authorities and stakeholders as necessary. Finally, Caroline provides “front line” client relationships acting as the primary point of contact for our partners throughout the project construction cycle. She is currently providing construction management on Ariel Cycleworks construction in Goshen, Indiana, and Millworks construction in Warsaw, Indiana. Both projects are new building infill construction projects on vacant urban redevelopment sites.
Bud Holmes | Procurement
bholmes@apdevelopmentllc.com
Bud brings over 40 years of diverse construction experience to AP Construction. Beginning as a construction laborer, Bud developed foundational skills in site operations before advancing to New Home Framer and Timber Framer, honing expertise in structural craftsmanship across residential projects. After receiving an architectural degree from Purdue University, Bud transitioned into technical roles as a CAD Drafter and New Home Designer, creating precise and innovative architectural plans for leading construction firms. Progressed to Construction Estimator, optimizing project budgets, and later to Construction Procurement Specialist, managing supply chains and vendor contracts to ensure seamless project execution. Proficient in CAD software, cost estimation, and procurement logistics, Bud has worked in multiple capacities for prominent construction companies in Michigan and Indiana. Bud has spent the majority of his career contributing to the community through coaching youth sports, substitute teaching, and mentoring local students.