About Us

About Us 2018-01-17T17:51:51+00:00


The Excelsior Group (TEG) is a full-service real estate firm offering boutique-level services to the Minneapolis area in the fields of management, real estate investments and advisory services, homebuilder lending, and development.

Established in 2005, and owned today by Kim Culp, Chris Culp and Ted Glasrud, TEG has experience owning and managing many types of real estate, including multifamily, industrial, office, retail, hospitality, and land. Current management contracts consist of more than 2MM SF of commercial real estate, nearly 4,000 apartment units, including 1,200 under development, 1,500 acres of raw land, and 300 single-family home lots. In addition, the principals of TEG have developed in excess of 850,000 SF of office, industrial, retail, multifamily, and residential real estate properties.

Further, TEG manages an affiliated family of investment funds for Opportunity Advisors – Opportunity Partners Funds I, II, III, IV, and V. Since its inception, TEG has provided strategic portfolio guidance to fund investors and third-party portfolio owners alike. Our active management style and many touch points in the market allow us to quickly identify opportunities and trends and advise our clients accordingly. Each investment and portfolio is managed as though 100% of the equity is our own, a philosophy which has afforded TEG the privilege of managing more than $350 million of commercial assets to-date.

TEG strives to build a collaborative team of real estate professionals, and an environment where we all work together for the benefit of our clients. A sound process, broad network, operational expertise, and market knowledge combine to take our client’s assets to the highest level – ever upward.


  • Privately Owned
  • 125+ Team Members
  • 98% Purchase Agreement Close Rate
  • 12MM SF/1,100 Transactions
  • 2MM+ SF of Commercial Real Estate
  • 2,200 Apartment Units
  • 355 Apartment Units in Lease-up
  • 1,500 Acres of Residential Land
  • 300 Single-family Home Lots
  • 5 Private Investment Funds
  • Joint Venture Partner


  • Excellence
  • Integrity
  • Respect
  • Fairness
  • Initiative
  • Innovation


Kim Culp
Kim Culp Chairman, Partner
Chris Culp
Chris CulpCEO, Partner
Ted Glasrud
Ted GlasrudPresident, Partner