Property Bequest Amplifies Pillars’ Vision of Stable Housing for the Community

 

On July 31, Pillars received a legacy property donation from Richard “Dick” Reetz’ estate including 20 units across 10 properties.

This is the largest single addition to Pillars’ property portfolio, increasing it by 26%. This donation aligns with the organization’s strategy to relieve program bottlenecks and keep people out of shelter and in stable housing.

Reetz was a lifelong Appleton resident and landlord for over 50 years. His passion for this community could be attributed to his Depression-Era upbringing and the core values instilled in him by his parents. 

Reetz’ motivation as a landlord was to invest in his tenants who were often people trying to find a place to land on their feet. His relationships were built on a handshake and trust. He was the epitome of professionalism and fairness up until the very end of his life. 

“Dick gave people a chance when others would not,” said Reetz’ stepson Joe Frank. “He cared about his tenants’ stories and wanted to help get them on their feet. He had a genuine interest in people.”

Pillars’ Executive Director Lisa Strandberg said, “Pillars is very proud to carry on Richard’s legacy of providing housing to those who need it at an affordable level.”

Toward the end of his life, Reetz was approached by developers looking to purchase his properties but that was never the outcome he wanted. Frank explained, “Donating these units to Pillars was the only solution he had in his heart…The last thing he wanted was to displace people.”

Pillars will integrate the properties with a mindful approach to current tenants’ unique situations.

“This transformative gift expands Pillars’ reach in a meaningful way, helping to serve more individuals and families working toward stability and a place to call home,” said Steve Williams, Board President of Pillars.