Peter McNally Executive Director
Peter McNally is the Executive Director of the I-195 Redevelopment District Commission. The Commission is charged with bringing to market 19 acres of land that was reclaimed after the relocation of a portion of route I-195 in downtown Providence, Rhode Island. Mr. McNally is a nationally respected professional who has a demonstrated passion for urban projects.
He spent most of his career in the investment management industry, focused within the real estate sector. As an investor he has been responsible for well over 100 real estate transactions which include large-scale mixed-use development projects as well as numerous historic and iconic building renovations in cities across the country, including San Francisco, New York, Los Angeles, and Chicago.
Before coming to the I-195 Redevelopment District Commission, Mr. McNally was Managing Director serving as head of BlackRock Real Estate’s Global Client Group in New York City. He was responsible for all capital-raising activity and client relations for approximately 300 institutional clients which included state and corporate pension funds as well as sovereign wealth funds, central banks, and other global financial institutions. He directed a staff based in the US and Europe, serving a client base that invested in a variety of risk/return mandates in real estate debt and equity.
Prior to serving in that role, Mr. McNally headed Black Rock's US Transactions Group with oversight for all acquisitions, dispositions, and capital market activities for BlackRock's $20 billion real estate platform. BlackRock’s Transactions Group was one of the largest in the US and its investment activities included the acquisition of office and residential properties, retail malls, and industrial buildings. In his role as Head of Transactions during the financial crisis, Mr. McNally directed all lender negotiations and restructurings on behalf of the entire platform. This effort comprised 92 individual workouts of approximately $10 billion of restructured debt.
Mr. McNally also founded and served as Senior Portfolio Manager for Black Rock's flagship value-add, open-end real estate fund. From the time the fund launched in 2004, Mr. McNally grew it to 65 properties with a gross asset value of close to $3 billion, and it became one of the top-performing open-end funds in the US. The investment strategy focused on marquee, urban buildings in city centers across the country. The fund’s investor base comprises 70 clients, including many of the largest US financial institutions as well as several major international investors. Mr. McNally was responsible for establishing every aspect of the fund’s investment strategy, diversification program, and its capital structure.
Earlier in his career, Mr. McNally was Senior Vice President of investments for GE Capital Investment Advisors in Boston, and prior to that he was with AEW Capital Management, also in Boston. Mr. McNally earned his B.A. degree from Boston University in 1987 and his M.A. from Massachusetts Institute of Technology in 1996.
Caroline Skuncik Vice President/Senior Project Manager
Caroline Skuncik is Vice President/Senior Project Manager for the 195 Redevelopment District. Prior to joining the Commission, Caroline worked at the Rhode Island Commerce Corporation where she led the Corporation’s real estate investment activities under the Rebuild Rhode Island Tax Credit and Tax Increment Financing programs. Caroline has also worked as a Senior Project Manager for Urban Edge Housing Corporation in Boston where she managed real estate development projects, focusing on affordable housing and other community-oriented projects. Other professional experiences include consulting positions in planning and environmental policy firms. Caroline has a Master in City Planning degree from the Massachusetts Institute of Technology and a B.A. in Sociology and Environmental Studies from the College of William & Mary.
Amber Ilcisko Operations Manager
Amber Ilcisko, Operations Manager, coordinates all government affairs for the Commission, working closely with the various departments of the City of Providence as well as with all state agencies and other regulatory agencies with the federal government. She also manages the Commission’s community outreach effort, particularly with the Jewelry District Association and the Fox Point Neighborhood Group. Ilcisko oversees the Creative Mile and other special events in the District. She works closely with the Downtown Providence Parks Conservancy and the City’s Department of Art Culture Tourism.
Ilcisko is a member of the Commission’s Operating Committee and has primary responsibilities for the Commission’s administrative affairs. She manages many of the Commission’s contractor relationships, including the civil and environmental engineering, communications, urban planning, and legal consultants. Ms. Ilcisko is also responsible for managing the Commission’s grants, website maintenance, and special projects.
Prior to joining the Commission in 2015, Ms. Ilcisko worked for the City of Providence for five years, serving three mayoral administrations. Most recently she worked with the City Planning Department. She held various roles with the City including roles with the Providence Redevelopment Agency, Art Culture Tourism and Economic Development. She continues to serve as an officer for the board of directors of the Providence Redevelopment Agency. A member of the Millennial Professional Group of Rhode Island, she has a passion for nonprofit organizations and anything that benefits the City of Providence. You’ll frequently see her volunteering for various arts and culture related events in the City. She has a B.A. from Bowling Green State University, and is currently pursuing her M.A. in Public Administration from the University of Rhode Island.
Donna Graham Executive Assistant
Donna Graham currently serves as an Executive Assistant for Commerce RI and The I-195 Commission. Prior to joining the commerce team, she worked as an Administrative Assistant for 8 years in the Financial Business for Ameriprise Financial. In addition to this, she brings with her 15 years of experience in the real estate field serving as both a Property Manager and Title and Closing Manager. She holds a B.S. Degree from Johnson and Wales University.