38 | NOVEMBER 10 • 2022 

BUSINESS

A

s documented in a 2008 JN 
feature story on Jerry Schostak, 
the beginnings of Schostak 
Brothers & Company Inc. are as humble 
as can be.
A long line of Schostak rabbis from the 
Ukraine ended in 1920 when 
Louis Schostak (Jerry’s father) 
quit rabbinical college in 
Cincinnati and, without any 
capital or experience, stuck a 
real-estate business sign on 
his lawn. 
The leap of faith worked 
out — and led to creation of 
Schostak Brothers & Company. 
With a footprint in Michigan for more 
than a century, the now fourth-generation 
real estate company has included 
development, acquisitions and leasing 
of retail, office, industrial, residential 
and mixed-use projects, both urban and 
suburban. Schostak’s current activities 
include joint ventures, build-to-suit 
projects, mixed-use developments and a 
variety of necessity-based retail and open-
air centers in 16 states. The Livonia-based 

company also has a strong presence in the 
food industry. Its Team Schostak Family 
Restaurants portfolio now includes more 
than 100 restaurants, such as 
Applebee’s, Del Tacos, MOD 
Pizzas, Olga’s Kitchens and 
Wendy’s.
The company is currently 
led by the third-generation 
Schostak brothers, Bobby, 
David and Mark, who are 
continuing the real estate 
leadership tradition of their 
father and grandfather. 

COMMUNITY GIVING 
CAMPAIGN
In June, Schostak Brothers 
& Company announced the 
company would mark its 
centennial with a community 
giving campaign to distribute 
$1 million across impactful 
Detroit-based nonprofits. 
Selected from a range of 
nonprofit sectors including 
neighborhoods, workforce development, 

education, health and entrepreneurship, 
the goal of the initiative is to select a range 
of organizations based on their work in 
Detroit, the city where the company was 
founded a century ago. 
The gift recipients were carefully chosen 
through an extensive selection process 
involving employees, with the intent to 
help the charities complete a current 
project or start a new phase. It also 
will shine a light on each organization’s 
efforts to reach other potential donors. 
Consideration was also given to the 
overall impact of each gift, along with 
hands-on community engagement 
opportunities available to the Schostak 
team of more than 8,500 employees. 
Detroit-based Life Remodeled was 
named the first gift recipient, receiving 
a $100,000 gift to kick-off the 2022 
Life Remodeled Six Day Project that 
took place Oct. 3-8 in the community 
surrounding Cooley High School. 
Hundreds of Schostak team members 
were on the ground participating in the 
volunteer efforts to beautify the area 
surrounding Life Remodeled’s next 

ALL PHOTO CREDITS TO SCHOSTAK BROTHERS & CO.

Schostak Brothers & Company mark 100th anniversary 
with $1 million community giving campaign. 

Bobby 
Schostak

Mark 
Schostak

David 
Schostak

Patriarch 
Louis 
Schostak

DANNY SCHWARTZ STAFF WRITER
Giving Back

Third-generation 
brothers David, Mark 
and Bobby Schostak

