About us

Building
communities.

AstraCommons is a real estate development firm and we develop, co-invest in, and operate mixed-use, multifamily, and adaptive reuse projects - the kind of buildings that make neighborhoods more livable and more economically resilient.

We work on projects that are needed in the community and add value for its members. Therefore we tend to stay closer to the details, and maintain long-term relationships with the communities we build in.

The team

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Mobin Khan
Mobin Khan
Founder

Mobin is a real estate professional with extensive experience in urban development and finance across numerous cities in the US and Asia. He is passionate about creating elegant and sustainable residential communities. He founded AstraCommons with a mission to bring to market a residential development model that prioritizes community and sustainability. He has an undergraduate degree in Architecture from School of Planning & Architecture, New Delhi, India, a Masters in Urban Planning from University of Illinois at Urbana-Champaign, and a PhD in Urban Affairs from University of Louisville.

Derick Schroeder
Derick Schroeder
Director, Acquisitions

Primarily focusing on residential real estate and investment properties, Derick has developed a keen eye for value and is driven by his clients' needs. He is known for going above and beyond for his clients and has a knack for building relationships. Derick and his wife Katie are both Iowans, and have been in Iowa City since 2009. They're blessed with two beautiful kids, who are actively involved in various activities in the Iowa City community. Derick is a proud graduate of the University of Iowa, class of 2013, and a Hawkeye fan! When he is not immersed in the world of Real Estate, he enjoys golfing, staying active through exercise, coaching, and cheering for his favorite teams, especially the Hawkeyes.

Simeon Talley
Simeon Talley
Director, Community Development

Simeon is a strategist and connector with a background in community-rooted development, real estate strategy, and public-private partnerships. As Community Development Director at AstraCommons, he leads efforts to identify mission-aligned development opportunities, build relationships with civic and political stakeholders, and shape commercial tenant strategies that reflect and serve the needs of local communities.

Advisors

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Kacy Keys
Kacy Keys
Advisor · Founder, Praxis Development Group

Kacy Keys launched Praxis Development Group in 2019 with the express intent of 'Building with Purpose.' She comes to the endeavor with more than 25 years of experience in large and complex development projects, with a track record of success. Kacy has overseen the development of more than $1B in real estate assets with experience in residential, retail, office and mixed-use product types.

Riley Eynon-Lynch
Riley Eynon-Lynch
Advisor · Executive Director, RSFIC | Co-Founder, PearDeck, ActiveGrade

Riley is an experienced and successful entrepreneur and community builder, with expertise in strategic planning, design, communication, fundraising, and operations. He is currently the executive director and co-founder of Resilient Sustainable Futures for Iowa City (RSFIC), a non-profit with a mission to build long-term, systemic resilience in Iowa City.

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The term ‘community-focused’ gets used loosely. We mean something specific: development that starts with what a neighborhood actually needs, structures itself to deliver that, and stays accountable to the outcome.

It also means being honest about the economics. Our job is to structure deals where doing right by the neighborhood and generating a real return aren’t in conflict.

Read our thinking →