ACQUISITIONS & DEVELOPMENT

The Excelsior Group’s Commercial Acquisitions & Development Team invests in and develops commercial real estate on behalf of private and institutional investors (focusing predominantly on opportunistic and value-add investments throughout the Minneapolis/St. Paul metropolitan area). Crucial to the success of each of our investments or developments is an “ownership mentality” coupled with a hands-on asset management philosophy – we think and act like the owner on each investment we make.  Through our acquisition, development and asset management platform, we strictly adhere to our four-part strategy of (1) opportunism, (2) preservation of principal, (3) investment in areas where we have expertise, and (4) patience. Our team has discretionary capital on hand and an ability to close quickly and seamlessly.

PROJECT SPOTLIGHT

INVESTMENT CRITERIA

• Transaction size $2MM – $20MM
• Single asset, portfolio or note acquisition
• Typical hold period of 1-4 years
• Target IRR of 12%+
• Cash-on-hand and ability to close quick
• Office, industrial, retail

• Transaction size $20MM+
• Single asset or portfolio acquisition
• Typical hold period of 3-5 years
• Target IRR of 13%+
• Office, industrial, retail, land

• Transaction size $2MM+
• Stabilized assets
• Long-term hold
• Target IRR of 7%+
• Office, industrial, retail

SERVICES

• Acquisition Management
• Financial Modeling
• Due Diligence
• Market Assessment
• Local Partner
• Operating Expertise
• Revenue & Expense Analysis
• Disposition Management

• Co-development
• Local Partner
• Site Identification
• Financial Feasibility Analysis
• Zoning & Entitlement
• Demographic Analysis
• Capital Sourcing
• Construction Management

ACQUISITIONS & DEVELOPMENT TEAM

Tom Tracy
Tom TracySenior Vice President
Joe Boone
Joe BooneVice President
 Peter Faulhaber
Peter FaulhaberFinancial Analyst