About Us

Overview

Adler Industrial, LLC. is the largest industrial real estate development and management company in the Treasure Valley of Idaho. Based in Boise, Adler Industrial owns and operates over 80 properties in the Boise, Meridian, Nampa metropolitan market area, consisting of 2.5 million square feet of existing buildings and 400+ acres of land for future development. As the market leader in Class “A” industrial property space, the company provides a wide range of solutions to meet the needs of industrial users in the market.

Vertical Integration—BUILD, LEASE & MANAGE

While most developers hire separate contractors to construct, lease and manage their properties, Adler Industrial is fully integrated and offers all these services with our highly qualified and knowledgeable team members. Our general contracting division can design and build the most functional industrial buildings in the valley at the lowest cost. Lower costs mean lower rental rates compared with our competitors who pay more for their buildings. Because this is all we do, we understand the needs of industrial space users and continually work to design and build the most functional space in the market.

Our in-house leasing team understands the needs of industrial space users and will work to find the best possible fit. We cooperate with 3rd party leasing agents as well and strive to make their experience with Adler Industrial exceptional.
Our property managers are hands-on and quick to respond to any tenant needs. The personal touch of working
with owner/managers cannot be duplicated by 3rd party property management.

By performing these functions internally, the depth of our understanding of the customer, the building, and the market is unmatched, allowing us to provide the most functional product at the most competitive pricing.

Adler Industrial’s team is made up of experienced executives that are highly skilled in their respective fields, providing the Company the ability to successfully execute a wide variety of business plans. Below are brief descriptions of our executive management team.

 

Management Team
Mike Adler
Mike Adler
President
Mike Adler

Mike Adler

President
adler@adler-industrial.com

Mr. Adler, as President of Adler Industrial, LLC and sister company, Adler Realty Investments, Inc., is actively involved in a broad spectrum of real estate investment and development projects. His market insight, analysis and leadership enable the firms to consistently exceed market returns on investments.

While serving as President of the Adler companies, Mr. Adler has acted as general partner, manager and investor in over 100 real estate projects valued at over $2 billion. Many of these projects consist of “value added opportunities”, whereby the property was purchased with a high level of vacancy and neglect. Mr. Adler and his team instituted the renovation, redevelopment and management required to return the properties to a stabilized and profitable condition. Additional projects include the entitlement and development of land for residential, industrial and commercial use, and the acquisition of institutional grade properties where the management team maximizes cash flow and investor return.

Mr. Adler is a graduate from the University of Denver with a degree in Business Administration, majoring in Real Estate and Finance. He obtained an MAI designation from the Appraisal Institute, and a CPM designation from the Institute of Real Estate Management. Mr. Adler is a member of the Urban Land Institute and International Council of Shopping Centers (ICSC).

Bill Hoffenberg
Bill Hoffenberg
CFO / COO
Bill Hoffenberg

Bill Hoffenberg

CFO / COO

Mr. Hoffenberg joined the Adler companies in March 2021 as Chief Operating Officer and Chief Financial Officer. He provides leadership, strategic oversight, and financial expertise for the broad spectrum of Adler’s activities, including finance, accounting, development, property management, acquisitions, and investor relations, as well as being one of the three members of the firm’s Investment Committee.

Mr. Hoffenberg has over thirty-five years of commercial real estate experience, including significant experience developing on-ground leased land. Before joining Adler, he was Chief Financial Officer for The Sobrato Organization, a family-owned developer, owner and operator of commercial and multifamily real estate in Mountain View, California, with a commercial portfolio of over 8 million square feet and a multifamily portfolio of over 7,000 units. Prior to that, he was the Chief Financial Officer at Amstar, a private equity firm in Denver, Colorado, the Chief Financial Officer for ten years at Sunroad Enterprises in San Diego, California, and the Chief Financial Officer for ten years at The Koll Company, in Newport Beach, California.  Mr. Hoffenberg graduated from Stanford University with a bachelor’s degree in Economics and in Human Biology and received his MBA from Harvard Business School.

Brad Miller
Brad Miller
Managing Director
Brad Miller

Brad Miller

Managing Director
bmiller@adler-industrial.com

Brad Miller began his career in the San Francisco Bay Area with the brokerage and management of multi-family residential properties.  In 1995 Brad and his family relocated to his wife’s hometown of Boise and joined Ronald W. Van Auker, Inc., a developer, and owner of industrial land and buildings, where Brad worked on the development, leasing, and management of the properties.

In May 2019, Adler Industrial, LLC acquired the Van Auker land and building portfolio and after 25 years with the Van Auker Companies, Brad joined Adler as the Managing Director where he oversees the development, leasing, and management.

Brad attended Brigham Young University where he received a Bachelor of Science in Finance.

Richard S. Gable
Richard S. Gable
Managing Director - Debt & Equity
Richard S. Gable

Richard S. Gable

Managing Director - Debt & Equity

Mr. Gable directs the acquisition team and secures the debt and equity financing for the Adler companies. Also, with Michael Adler, Mr. Gable serves as the primary contact to the firm’s institutional and private investors. During the last seventeen years at Adler, Mr. Gable has negotiated a billion dollars of debt and supervised $800 million in acquisitions.

In his role as Managing Director, Mr. Gable provides leadership, strategies, and finance expertise for the acquisition of investments, as well as being one of the three members of the firm’s Investment Committee. Mr. Gable is also responsible for investor relations, which includes presenting and interpreting investment opportunities and updating equity partners on their investments.

Mr. Gable has over twenty years of commercial real estate experience, with a focus on the financing, leasing, and sale of office, industrial, and retail properties. Before joining Adler, he was President and Chief Operating Officer for a successful start-up internet service provider that grew to 125+ employees. Mr. Gable was instrumental in its growth and eventual sale for $450 million. Mr. Gable graduated from the University of Pennsylvania and is a licensed real estate agent in California and Pennsylvania.

Jacob Miller
Jacob Miller
Director of Construction
Jacob Miller

Jacob Miller

Director of Construction
jmiller@adler-industrial.com

As Director of Construction, Mr. Miller oversees the overall operations for the development and construction projects.  With over 30 years of construction experience, he brings a high level of skill, dedication, and professionalism to every project.

In October 2019, Mr. Miller transitioned from his role with the Van Auker Companies and joined the Adler Industrial team.

Mr. Miller is an Idaho Native and a graduate of Boise State University where he received a Bachelor of Science in Construction Engineering Management.

 

Andrea Myers
Andrea Myers
Transaction Manager
Andrea Myers

Andrea Myers

Transaction Manager

As Transaction Coordinator, Ms. Myers manages the acquisition, due diligence, and closing processes, ensuring that all parties are fully informed at each stage of the critical paths of these functions. In this capacity, Ms. Myers manages the communications, data, and critical paths required to achieve a successful transaction. Ms. Myers joined Adler Realty in 2001 and received her Bachelor’s Degree in Business Administration at the University of Missouri, Kansas City; and is a licensed California Real Estate Broker; and Notary Public.

Tracy Tuong
Tracy Tuong
Controller
Tracy Tuong

Tracy Tuong

Controller
ttuong@adler-realty.com

Ms. Tuong is responsible for managing and leading the accounting teams of Adler Realty Investments, Inc. and Adler Industrial, Inc. as well as all accounting and reporting functions of the organizations.

Ms. Tuong has over 20 years of experience in accounting; of which 15 are in commercial and residential real estate asset management and development. Ms. Tuong is a seasoned professional with a wealth of public and private organization accounting management. Notably, she is an expert in finance and accounting, with asset types including major market malls, offices, retail centers, warehouses, mixed-use developments and single/multi-family housing.

Before joining the Adler team, Ms. Tuong excelled in roles at California Pizza Kitchen Inc., Westfield Group, Storm Industries Inc., Vintage Capital Group, and most recently, as interim VP of Accounting at Unibail Rodamco Westfield.  Her responsibilities included all aspects of accounting operations & reporting, contract management, treasury, system conversions, obtaining constructions loans, mortgage refinancing, joint venture reporting, strategic planning, risk & cost management, acquisition and disposition of assets, CAM recs., job costing, lead internal and external audits, tax planning and oversight of human resources and information technology.

Ms. Tuong earned a Bachelor of Science degree in Accounting with a minor in Economics from California State University, Los Angeles.

William Reil
William Reil
Assistant Controller
William Reil

William Reil

Assistant Controller

Mr. Reil is responsible for all accounting and financial reporting for Adler Industrial, AI Construction, and affiliates. Additionally, Mr. Reil has primary responsibility for overseeing audits, budgets, forecasting, and internal controls.

Before joining Adler, Mr. Reil was Controller at Broe Real Estate Group, a private real estate owner and developer with over $1 billion of assets under management.  He was previously the Assistant Controller for Aviv REIT, a REIT specializing in skilled nursing facilities.  He was also a Senior Accountant with the Macquarie Group working on the Macquarie Office Trust, a global office REIT with over $2.8 billion of assets under management in the United States.  He began his career with Deloitte.

Mr. Reil holds a B.S. in Accountancy and a Masters of Accounting, both from the University of Illinois Urbana – Champaign.  He is a Certified Public Accountant.

Mandana “Mandy” Tarr
Mandana “Mandy” Tarr
Senior Property Manager
Mandana “Mandy” Tarr

Mandana “Mandy” Tarr

Senior Property Manager
mtarr@adler-industrial.com

Senior Property Manager, Mrs. Tarr oversees property operations for the Treasure Valley industrial portfolio. Her responsibilities include all day to day operational and financial functions, as well as assisting with lease negotiation, renovation, repositioning, and disposition of assets.  Mrs. Tarr has been with Adler Realty Investments since 2013, working as an Acquisitions Analyst for two years. She then moved to Asset Management, overseeing property operations for office, industrial, and retail assets across the country. She also developed energy efficiency across the entire Adler portfolio and continues to manage three solar projects totaling 2.5 megawatts in California. Mrs. Tarr earned a Bachelor of Arts degree from Temple University, in Philadelphia. She joined the Adler team after working for over 11 years as a Certified General Real Estate Appraiser, providing valuation consulting services to numerous clients in Southern California.

Our Sister Company—Adler Realty Investments

Adler Industrial is a sister company of Adler Realty Investments, a firm established in 1996 with over $1 billion in properties acquired or in development since inception. Adler’s real estate portfolio currently consists of over 4 million square feet of existing industrial, office, retail and multi-family residential properties and an additional 3 million square feet of projects in planning or development throughout the western United States.