Twin Cities Multifamily Boom

Robb Bader is the Principal and President. After college, Robb spent 8 years as an investment sales and leasing broker in the California submarkets of Beverly Hills and West Hollywood. In 2008, he moved to Minneapolis and started at Bader Diamond Fund. He is in charge of new development and acquisitions for the company. Robb graduated from the University of Wisconsin-Madison with a degree in Communications. Since moving to Minneapolis, he has been involved as a member of the Minnesota Multi Housing Association and currently serves on the MHA Board of Directors as well as the leadership committee for the MHA Young Professionals Group.

As Vice President of Development, Maureen works with the Company’s Principals to source new development opportunities, negotiate and structure joint-venture partnerships and initiate new developments. She is responsible for leading Schafer Richardson’s Development Team and oversight of the development pipeline. Maureen has been with Schafer Richardson since 2008 as an integral player in many high profile development projects. Maureen has nearly two decades of experience in multifamily and commercial real estate development. She began her career in affordable housing development, working on projects with multiple, complex layers of public and private financing. Maureen is adept at leading teams through all aspects of the development process from feasibility analysis and financial modeling to construction management and marketing & lease-up. She strives for practical resolutions that are wise and responsible in delivering projects and programs that meet multiple stakeholder needs.

Lucas is a member of the origination team at Bellwether Enterprises placing all types of commercial real estate loans with a variety of lenders including life companies, Fannie Mae / Freddie Mac, CMBS and banks. Lucas has been involved in the commercial mortgage industry since 2005 and has found the variety of lending sources to be key to meeting client’s expectations.

Jacob W. Steen advises and represents businesses, developers, and property owners seeking favorable government approvals including liquor licensing, business licensing, zoning, environmental review, and other ‎regulatory matters. Additionally, Jake has represented clients and industry groups on environmental matters seeking favorable determinations from governmental agencies. His work includes representation before the Minnesota Department of Natural Resources, the Minnesota Pollution Control Agency, and the Environmental Quality Board with regard to state rulemaking for floodplain and shoreland regulations, environmental review determinations and drafting of model rules and regulations.

Brent Rogers formed Saturday Properties in 2015 to provide boutique property management and development services to the thriving Minneapolis multifamily and mixed-use industry. Today Saturday manages four properties with additional developments coming online in 2016 and 2017. Development Experience: A development veteran with over 15 years as project manager and owner, Brent Rogers searches for new development and acquisition opportunities, contracting with 3rd parties for engineering and design, securing financing, and managing the construction process for new development projects. Prior to forming Saturday, Brent was President and co-owner of Greco Properties. After starting Greco Properties with his business partner in 2007 with one employee, Brent led the company’s growth to more than 50 employees managing more than 1,000 apartment units and 100,000 SF of commercial/retail. Projects The Maytag Building, a historic rehab located in Minneapolis’s revitalized North Loop neighborhood. Developed by Saturday, The Maytag offers 40,000 sq ft of office and retail. It is financed through Bridgewater Bank and utilizes Historic Tax Credits. The Maytag is currently under construction with completion scheduled for Spring 2017. (Project Size $12,000,000) Hello Apartments of Golden Valley will come online in spring 2017. On his second project with developer Continental Property Group, Brent Rogers acts as development consultant along with Saturday as the management company for Hello’s 172 units. (Project Size $35,000,000) Coming spring 2018, The K/A Downtown Block Redevelopment in the Elliot Park neighborhood will rise 17 stories and hold 306 units. Brent Rogers was hired as development consultant along with Saturday as the management company by Kraus Anderson. (Project Size $82,000,000) Lime Apartments in the Lynlake neighborhood of Minneapolis. Developed by Greco and currently managed by Saturday, Lime is a new construction mixed-use project with 171 apartments and 8,000 SF of commercial retail. Lime is a Joint Venture with ASB Capital (Project Size $36,000,000) Historic redevelopment by Greco of the Precision Building in the North Loop of Minneapolis resulted in ElseWarehouse Apartments, a mixed-use project with 116 apartments and 19,000 SF of commercial/retail with a construction loan from TCF. (Project Size $32,000,000) Development consulting, leasing, and property management for Vue Apartments in the Loring Park neighborhood of Minneapolis. Vue is a 119 unit boutique market-rate development that was developed by Continental Property Group (CPG). Vue was sold to Weidner at stabilization at a record-setting per-unit price. (Project Size $26,000,000) Flux Apartments in the Uptown neighborhood of Minneapolis developed by Greco and currently managed by Saturday. Flux is a 216-unit market rate housing project that is a joint venture with the AFL-CIO Building Investment Trust. (Project Size $38,000,000) Towerlight Senior Living in St. Louis Park, Minnesota developed by Greco. A mixed-use project with 115-units of Independent/Assisted Living/Memory Care facility with FHA Section 232 Financing (Project Size 23,000,000) Nine Mile Creek Senior Living in Bloomington, Minnesota developed by Greco. A 93 unit Independent/Assisted Living/Memory Care facility with FHA Section 232 Financing (Project Size $16,500,000) Blue Apartments in Minneapolis, Minnesota developed by Greco and currently managed by Saturday. Blue is a 242-unit mixed-use project with 12,500 SF of neighborhood retail with financing from ASB Capital and Guardian Life Insurance Company (Project Size $50,000,000) Professional Affiliations: Urban Land Institute (ULI) Minnesota Multi-Housing Association (MHA) University of Wisconsin Real Estate Alumni Association (UWREAA) Education: University of Wisconsin Madison Real Estate and Urban Studies & Risk Management and Insurance.

An inspirational visionary, Kelly Doran is a leader in all aspects of the Doran family of businesses with an emphasis on new development projects. Doran Companies is fundamentally a development company that capitalizes on its vertically integrated development, design, construction and asset management teams to yield highly positive returns for ourselves, our partners and our clients. As founder and leader, he has used his 30 years of experience developing six million sq. ft. of commercial properties to firmly establish Doran Companies as a trendsetting developer in this market. Selected as a member of the Minnesota Shopping Center Association Hall of Fame, Kelly is a University of Minnesota graduate and holds a MBA from the Carlson School of Business.

Chris has over 14 years of architectural experience with a focus on market-rate, senior, and affordable housing. Chris is passionate about creating high-quality and innovative architecture, believing in a client-focused approach that emphasizes collaboration to create exceptional and highly functional projects. As a design leader at BKV Group, Chris combines his housing experience with ingenuity and client input to develop designs that meet clients’ needs, and consistently provide quality living environments that connect inhabitants to the community. Notable work Chris has spearheaded includes projects that provide different levels of programs and support for residents, including Abiitan (Minneapolis), Eitel Building City Apartments (Minneapolis), Flo-Co Fusion Apartments (Minneapolis), Schmidt Artist Lofts (St. Paul), Cambric (St. Paul), and City Club Apartments CBD (Minneapolis)

Marissa Ulstad is the Manager of the Minneapolis First American National Commercial Services office. Prior to joining First American, Marissa was in private practice with the commercial real estate and lending group at a local law firm for 5 years, where she represented developers, owners, landlords, tenants, contractors and lenders in commercial real estate transactions at the local and national level. Her work there also included providing counsel to address and resolve broad range of title issues. Prior to joining the law firm and while attending law school, Marissa worked for a Minneapolis-based real estate developer, where her team managed varied aspects of real estate development including site selection and acquisition, marketing, design and engineering, municipal and other governmental approvals, and securing financing. Marissa earned her B.A. degree at Appalachian State University in Boone, North Carolina and her law degree at Hamline University School of Law in St. Paul, Minnesota. She has been a member of the Minnesota Shopping Center Association since 2008, and has served on numerous committees over the years.