Robert Shumake

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Gender	Male
Industry	Real Estate
Location	Southfield, MI, United States
Introduction	Mr. Robert S. Shumake is the Chief Executive Officer of Inheritance Capital Group (ICG); a Michigan based private equity real estate investment and development firm. ICG manages nearly 3 million square feet and $200 million dollar real estate portfolio. Mr. Shumake invests, manages and develops commercial and residential real estate. Mr. Shumake has implemented policies and funding strategies to raise capital for small businesses, mortgage loans, commercial leasing and specialized financing. Mr. Shumake has over fifteen years of experience in his field. As founder of First Equity Holdings (1996) he managed and sold 85% of the Department of Housing and Urban Development (HUD) inventory in the state of Michigan with sales of approximately 80 million dollars. In addition, Mr. Shumake has developed, sold, or financed well over 100 million dollars in real estate. Based on the success of First Equity Holdings, Mr. Shumake received a White House appointment to the Board of Directors for the Federal Home Loan Bank Board, the second largest bank in America with 700 billion in assets. As a director, Mr. Shumake presided over the Affordable Housing Committees in Michigan and Indiana.