Dr. Rustom R. Khouri is the Chief Executive Officer of Carnegie. Under Dr. Khouri’s guidance, the Company has rapidly expanded into a multi-state developer of a diversified real estate portfolio.

His concept was to develop a real estate company that would acquire land and develop specialized properties – pre-leased and designed or redesigned for specific tenants. Such projects would provide low-risk growth with reliable revenue from their inception. Using this base, Dr. Khouri envisioned the growth of the business to include larger, more speculative office buildings, special purpose buildings and shopping centers.

Dr. Khouri’s education includes undergraduate work in science, with a major in Environmental Biology, focusing on public health issues. He pursued his medical education, receiving degrees in Medicine and Podiatric Medicine. Upon completion of his medical training, Dr. Khouri became a physician for a large group of privately-owned outpatient clinics. He subsequently purchased the group practice, converting it from a three-clinic practice to an eight-clinic practice over a two-year period. In 1984, he sold his medical business, but continued in private practice on a part-time basis until 1993.

Since then, Dr. Khouri has remained actively engaged in the planning, financing and development of new projects. With his emphasis on thorough pre-development research and review, each project is analyzed against rigorous standards – statistics regarding area trends, the local business environment, demographics, site location and economics.

This conservative approach is consistently applied to each of the many potential project opportunities presented to the Company. Dr. Khouri’s ability to articulate creative solutions to complex problems has resulted in successful projects for many large national companies, as well as smaller local companies that faced difficult challenges. This effort has contributed to Carnegie’s reputation for quality, creative designs and attractive, well-constructed facilities.

Rustom Khouri III was named the company’s President in April 2024, succeeding Dr. Rustom Khouri who retained the title of Chief Executive Officer. Rustom grew up around the business and officially joined Carnegie Management and Development Corporation as an Associate Project Manager, managing ongoing development projects for the Department of Veterans Affairs. Following his involvement at the project level, he was named Director of Business Development / Pre-Construction Services in 2018. In that capacity, Rustom was responsible for identifying and selecting viable solicitations and development opportunities for the Carnegie team. Spearheading the Company’s growing federal contracting business, Rustom played an integral role as the company secured several awards and developed clinics across the United States including America’s single largest privately-owned VA Healthcare Center located in Fredericksburg, VA.

As President, Rustom has assumed overall responsibility for the company’s development, construction and management activities and leads Carnegie’s team of 35 real estate professionals. Together with the company’s CEO, he sets Carnegie’s strategic direction for the future.

Rustom received his Bachelor of Science in Finance from Fordham University’s Gabelli School of Business and his Master of Real Estate Finance degree from Georgetown University.

Outside of Carnegie, Rustom serves on the Foundation Board of Directors at the National Veterans Memorial & Museum, the Leadership Council for University Hospitals’ Orthopedics & Sports Medicine Department, and he holds a volunteer leadership role with the American Heart Association, for which he was recognized as a top Leader of Impact in 2022.

Mary Khouri is the founder of Carnegie Management and Development Corporation. During her tenure, Mary has served as Chief Operating Officer and Chief Financial Officer. In this capacity, Mrs. Khouri arranged financing, negotiated loan terms, directed and oversaw the loan documentation, title reviews, land acquisitions and loan closings for approximately 100 loans totaling over $360,000,000. This function included interacting with city, county and state agencies as is required for oversight and administration of construction loan and draw procedures.

Currently, Mrs. Khouri’s focus is to direct the operational aspects of Carnegie’s business activities. As the founder and developer of the company’s business strategy, Mrs. Khouri works closely with all departments within the company, making her uniquely qualified for her chosen duties.

Born in Melbourne, Australia, Mrs. Khouri graduated from the University of Melbourne in Victoria, Australia with a degree in chemistry and sub-specialty in physical chemistry.

Upon moving to the United States in 1982, she became active in real estate development. In addition to her professional responsibilities, Mrs. Khouri has been active in civic and community affairs and participated in several state and national campaigns.

Mary’s personal pursuits have encompassed serving as the Co-Chairperson for the National Apostolate of Maronites convention and as a Regional Vice President of the organization. She has served on the Habitat for Humanity’s Partners Council and currently holds a seat on the Ursuline College Board of Trustees, where she chairs the Development Committee, and is a Trustee on the Rainbow Babies & Children’s Hospital Foundation. Committed to children’s welfare, Mrs. Khouri has volunteered countless hours with the Urban Community School of Cleveland, worked with Providence House and spearheaded the development and construction of Westshore Montessori School in Westlake, Ohio. Deeply vested in the project, Mary donated land, facilitated negotiations with local government and arranged financing for the project. Continuing with her vision to help children, Mrs. Khouri was instrumental in Red Tail Golf Club’s several donations of land and property for the St. Jude Dream Home Giveaway benefiting St. Jude Children’s Research Hospital.

Al Bogna is Vice President of Real Estate for Carnegie Management and joined the company in 2013. Al’s career in retail leasing has included stints with some of the most prominent retail developers and investors in the country, including Westfield, K2 Realty Group, Zaremba Group, DDR, Shopco Advisory Corp., First Union Real Estate and J.J. Gumberg Company. His experience runs the gamut from premier enclosed malls to open-air lifestyle centers and from strip shopping centers to mall kiosks. Al is well known throughout the retail industry and has closed deals with a Who’s Who of retailers including Aeropostale, American Eagle, Lowe’s Home Improvement, Starbucks, Best Buy, JC Penney and TJ Maxx/Homegoods. During his tenure with Carnegie, Al has completed leases with notable tenants like Burlington Coat, At Home, Planet Fitness, Harbor Freight Tools, Party City, BJ’s Brewhouse, Ulta, Peebles and many others.

Al has a Bachelor of Science in Engineering from Purdue University and is kept busy outside the office by his four children.

Geoff Boss was named Director of Property Management for Carnegie Management in 2023. In this position, Geoff is responsible for the overall operations of the entire property portfolio. He employs strategies best suited to cost effectively enhance and extend the life of the physical assets, interacts with all the departments, from leasing through construction, ensures a smooth transition into lease implementation and maintains strong relationships with the Company’s tenants.

Geoff has worked in both residential and commercial real estate and development arenas since 1997, earning the Sodexo FM Hero Award in 2018 and the SoSafe Excellence Award in 2021. Geoff also serves as the President of the IFMA Northern Ohio Chapter, elected in 2022. He has attained the designations of Certified Development, Design, and Construction Professional (CDP) and IFMA Facility Management Professional (FMP).

In his spare time, Geoff takes frequent rides on his Harley Davidson, enjoys kayaking and travels as much as he can.

Jim Dorr is a Carnegie property manager and brings an institutional approach to our property management department. His focus is primarily on management of Government-leased assets. Jim owned his own recovery supply company for twelve years that provided and managed both personnel and equipment to natural disaster affected regions. Jim also spent ten years with Progressive Insurance as a facilities manager. He joined the Carnegie team in 2021.

Jim grew up in the Akron area and attended the University of Akron. When he has spare time, he enjoys golf and hiking.

Steve Edelman is the Chief Operating Officer for Carnegie Management and Development Corporation. In this position he oversees the company’s day-to-day operations including leasing, property management, finance and accounting.

Prior to joining Carnegie in 1999, Steve spent 19 years with First Union Real Estate Investments, a New York Stock Exchange-listed REIT, that specialized in the ownership, redevelopment and management of retail, office, apartment and parking properties. While at First Union, Steve held a number of positions, including Chief Financial Officer and Senior Vice President – Asset Management. His areas of responsibility as CFO included capital markets activity; accounting, finance and treasury functions; management information systems; risk management as well as the company’s strategic planning. Steve completed purchases and sales of forty commercial properties representing over a half billion dollars of value, and raised nearly $500 million in debt and equity capital for First Union between 1993 and 1998. In 1998, Steve was named Interim Chief Executive Officer for First Union following the company’s hostile takeover by a group of dissident shareholders.

Steve is a past member of the Board of Directors of the Historic Warehouse District and Jewish Big Brothers/Big Sisters. He holds a Bachelor of Science in Business Administration degree from Washington University in St. Louis, Missouri and a Master of Business Administration degree from John Carroll University in Cleveland. He is also a certified public accountant.

Morgan Frantz is Carnegie’s tenant coordinator and is responsible for all construction activities related to new and renewing leases in the Carnegie portfolio. Morgan works closely with our tenants, our contractors and Carnegie construction professionals to coordinate a smooth delivery of space to the end user. Before joining Carnegie in 2023, Morgan was a project manager with Hearthside Grove Lake Erie in Geneva, Ohio, where he managed development of a luxury resort. Morgan graduated from Kent State University with a B.A. in Communications and Global Communications.

When he isn’t smoothly handling tenant buildouts, Morgan likes to be outside with family and friends – hiking, biking and surfing at Edgewater Beach whenever a heavy breeze creates waves.

Jonathan Khouri joined Carnegie Management as its Associate General Counsel in 2017. Jonathan’s duties with the company include addressing a multitude of legal issues related to compliance, leasing, development and management, ranging from lease preparation and review to legal research and litigation management. Jonathan also works closely with the company’s development staff and senior managers to ensure a smooth flow of documentation.

Prior to joining Carnegie, Jonathan was an Assistant Attorney General for the State of Ohio. In almost four years at the Ohio Attorney General’s Office, Jonathan represented the Ohio Department of Commerce, Bureau of Wage and Hour Administration in enforcing Ohio’s laws on minimum wage and prevailing wage, and the State Employment Relations Board (SERB) in enforcing the Ohio Public Employee’s Collective Bargaining Act. Jonathan also represented the State of Ohio in Federal habeas corpus actions, successfully arguing cases before the Sixth Circuit Court of Appeals.

Jonathan received his undergraduate degree in Political Science and History from Loyola University Maryland and his Juris Doctor (J.D.) from Case Western Reserve University School of Law in Cleveland. Jonathan is an active attorney licensed to practice in the following jurisdictions: Ohio, Northern District of Ohio, Southern District of Ohio, and the Sixth Circuit Court of Appeals.

Travis Lochmueller joined Carnegie Management in 2020 as an assistant project manager in the company’s Federal Properties Project Management Group and was promoted to project manager in 2023.

Travis spent six years in the U.S. Army as a Geospatial Production Manager and was deployed in Afghanistan for a portion of his military career. He was honorably discharged as an E-5 Sergeant, and upon return to his native Northeast Ohio completed his college degree at Baldwin Wallace University. His training and attention to detail make him an ideal fit for managing construction and development of Carnegie’s complex Government projects.

Travis enjoys video and audio production and continues to wait for that magic phone call from documentarian Ken Burns.

Tim Moran is an experienced general contractor and a Project Manager in Carnegie’s in-house construction department. Tim owned and operated his own general contracting company, Moran Construction, Inc., for over twenty years, with notable northeast Ohio clients such as Rockwell Automation, Parker Hannifin and Developers Diversified. Before joining Carnegie, Tim was Director of Construction and Development for Amsdell Construction, Inc. and had also been Director of Construction for Discount Drug Mart.

Carnegie utilizes Tim’s vast experience in a variety of construction and development related areas, ranging from tenant build-outs and ground up construction projects all the way up to Carnegie’s major Government-leased asset developments.

Tim enjoys coaching a variety of youth sports and tending his large garden.

Jenny Oakley is a Senior Project Manager for Carnegie Management. In this capacity, she has facilitated the construction process for a variety of project types but in recent years has been the point person for the development and construction of Carnegie’s portfolio of healthcare facilities for the Department of Veterans Affairs.

Prior to joining Carnegie in 2009, Jenny spent seven years working as Project Engineer and Project Manager for general contracting firms in the Cleveland area, including Donley’s, Moran Construction and Regency Construction. Her focus was on commercial office, retail projects and public school construction. Jenny’s experience also includes 20 years working for a private developer in North Carolina specializing in retail development, performing marketing and public relations tasks as well as tenant construction coordination.

Jenny holds a Bachelor of Arts degree in Fine Art from The College of Wooster.

Maggie Pandrea is Controller and Tax Manager at Carnegie. In this position, she manages the accounting department, including maintaining the accuracy of nearly 100 company general ledgers and all tax return filings. Maggie also serves in the capacity of the company treasurer, managing the cash for each of Carnegie’s many LLC’s and partnerships.

Maggie joined Carnegie in 2013. Prior to coming on board, Maggie spent over 14 years with Corrigan Krause, a public accounting firm located in Westlake, Ohio.

Maggie holds a Bachelor of Science degree in Criminal Justice Studies from Kent State University and has attended Baldwin Wallace College for its accredited accounting curriculum. She is also a certified public accountant.

Maggie is a native to the Cleveland area and is a member of The American Institute of Certified Public Accountants and The Ohio Society of Certified Public Accountants. She and her husband share their home with their two dogs.

George J. Papandreas, Esq., R.A. is Executive Vice President and Director of Development and Construction for Carnegie Management and Development Corporation. George has over 35 years of experience in the fields of business, architecture, law and construction. Mr. Papandreas has overall responsibility for the day-to-day management and oversight of all ongoing construction and projects under development.

Mr. Papandreas received his Bachelor’s degree in Architecture with curricular emphasis in Urban Planning from Ohio State University in 1978, and his Juris Doctor degree from Cleveland Marshall College of Law in 1984.

Upon graduating from Ohio State, he joined the Cuyahoga County Department of Architecture and Engineering, fulfilling his architecture internship licensing requirement while continuing his education in the field of law. In 1985, he accepted a position as Project Architect and Manager with one of Cleveland’s largest full service architecture and engineering firms.

In 1987, George accepted a position as Vice President of Biskind Development Company, where he guided the development process of numerous large-scale national retail and office centers. He was primarily responsible and directly involved with the development of 2.1 million square feet of retail, office, hotel and restaurant projects.

Mr. Papandreas joined Carnegie Management and Development Corporation in 1994 as Senior Vice President and General Counsel. His responsibilities included planning and development of all commercial projects, including general office, medical office, institutional and retail centers.

After leaving Carnegie Management and Development Corporation, he founded Profile Development Corporation where, as its President and CEO, he developed retail centers, lifestyle centers, medical office buildings and hotels. He also acted in a consulting capacity offering legal, architectural, planning and project management services to a number of clients until 2015 when he rejoined the Carnegie team.

Mr. Papandreas is admitted to the Bar of Ohio and is a registered Architect - State of Ohio.

Izzy Puhalik is a Pittsburgh native who joined Carnegie’s Government buildings development department as an assistant project engineer in 2021 and advanced to the position of project manager in 2023. Izzy graduated from the University of Toledo with a B.S. in Civil Engineering, and that background plus her natural attention to detail make her an integral member of the project management team. Izzy worked as a project engineer for Corna Kokosing Construction in Columbus after graduating from U. of Toledo and most recently was a project manager for Snavely Construction. Izzy is also a LEED Green Associate.

Izzy enjoys the outdoors and tackling DIY projects around the house.

Scott Ransom brought twenty-four years of experience to Carnegie when he joined the team in 2023 as a property manager. His background in project management, sales and property management serve him well as he handles all aspects of managing his portfolio of retail, traditional office and medical office properties. Immediately before joining Carnegie, Scott worked for The Cafaro Company as the general manager of the Sandusky Mall and several other retail centers, totaling over one million square feet in and around Erie County. Scott is a graduate of Bowling Green State University and has a degree in business administration.

Scott has been an active member of the Elks Club and Lions Club community service and benevolent organizations in Sandusky for over twenty years. He is also an avid sports fan and golfer and enjoys spending time with his family.

Debbie Reed joined Carnegie in 2018 as its tenant coordinator but quickly advanced to become a project manager. Now, Debbie manages construction activities for a wide range of projects and also is responsible for coordinating post-occupancy work requests and renovations at numerous government-leased buildings in the Carnegie portfolio. Prior to joining Carnegie, Debbie spent twelve years with Richard L. Bowen & Associates, a prominent Cleveland-based architectural and construction management firm, and also worked for Zaremba Group and The Richard E. Jacobs Group earlier in her career.

Debbie has a degree in sociology from Baldwin Wallace University and is an avid knitter in her spare time.

Steven joined Carnegie in 2016 as Manager of Lease Administration. His primary duties include maintaining the integrity of all of the company’s lease files, annual expense reconciliations for all properties, lease renewals and construction draw administration. In this capacity, Steven also serves as the point of contact for Carnegie’s tenants on any lease-related issues.

Steven was a funds analyst with DDR before joining Carnegie Management and spent four years with U.S. Bank prior to that. While with U.S. Bank, he completed the bank’s Leadership Development Program.

Steven is an accomplished triathlete and a graduate of The Ohio State University with a specialization in Finance.

Emily Valentine joined the Carnegie team as an Assistant Property Manager in 2024, shortly after graduating Magna Cum Laude from Cleveland State University with a Bachelor of Business in Property Management. Interning with Millenia Housing Management throughout undergrad, followed by employment with EXP Realty, Emily brings a fresh perspective to the Carnegie team as our portfolio grows.

Off the clock, Emily can be found hiking with her dog, camping or reading.

Danielle Webb joined Carnegie as a Property Manager in 2023 and is a key component in Carnegie’s goal to continually provide superior service to its tenants. She has worked in property management since 2014, handling both residential and commercial assets, before switching fully to commercial management and concentrating on Carnegie’s portfolio of retail and office assets.

When Danielle isn’t handling tenant requests, she can be found on the water – boating, jet skiing or kayaking. She is also an avid concert-goer and enjoys spending time with her kids and grandchild.