The Excelsior Group (TEG) is a full-service real estate firm offering boutique-level services to the Twin Cities 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 1.9MM SF of commercial real estate, nearly 5,000 apartment units, including 700 under development, 650 acres of raw land and 200 single-family home lots. In addition, the principals of TEG have developed in excess of 1MM 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  III, IV, V and Co-Invest. 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
  • 150+ Team Members
  • 98% Purchase Agreement Close Rate
  • 12.5MM SF/1,150 Transactions
  • 1.5MM+ SF of Commercial Real Estate
  • 3,700 Apartment Units
  • 1,000 Apartment Units in Lease-up
  • 1,350 Acres of Residential Land
  • 130 Single-family Home Lots
  • 6 Private Investment Funds
  • Joint Venture Partner


  • Humility
  • Integrity
  • Passion
  • Positivity
  • Initiative
  • Excellence


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