United Properties Company Profile

Background

United Properties, established in 1916, is a privately-owned commercial real estate firm headquartered in Minneapolis, Minnesota. With over a century of experience, the company specializes in the development, investment, and management of a diverse portfolio, including office, industrial, retail, mixed-use, and senior housing properties. United Properties operates primarily in the Minneapolis-St. Paul area, with additional offices in Denver, Colorado, and Austin, Texas. The company's mission is to create lasting value and enrich communities through innovative real estate solutions.

Key Strategic Focus

United Properties emphasizes a dual approach of investment and development to create value and lasting impact. The company focuses on:

Industrial Development: Projects like Buda Midway in Austin, Texas, and Tower Business Center Industrial in Aurora, Colorado, exemplify their commitment to industrial real estate.

Mixed-Use and Multi-Family Residential: Developments such as Bishop Momo and Shelby Ranch in Austin highlight their expertise in creating integrated living spaces.

Senior Housing: The Amira Choice Arvada project in Colorado reflects their dedication to senior living communities.

United Properties leverages its financial stability to make swift decisions and adapt to market trends, ensuring sustained growth and community enrichment.

Financials and Funding

As of January 2025, United Properties reported annual revenues of approximately $35 million, with a workforce of around 168 employees. The company's financial strength supports its strategic initiatives and expansion plans.

Pipeline Development

United Properties has several key projects in development:

Aero 70 Industrial Complex: Acquired 129.26 acres in Aurora, Colorado, for a new industrial development adjacent to the future Aerotropolis Parkway and Interstate 70.

Bishop Momo: An innovative mixed-use development in Austin, Texas, featuring 274 residential units.

Shelby Ranch: A multi-family residential project in Austin, Texas, comprising 302 units.

Amira Choice Arvada: A senior living community in Arvada, Colorado, offering 120 units.

These developments are aligned with the company's strategic focus on industrial, mixed-use, and senior housing sectors.

Technological Platform and Innovation

United Properties integrates advanced technologies to enhance operational efficiency and project management. The company's tech stack includes:

Hotjar: For analytics.

Cloudflare: For content management.

Microsoft Excel: For data analysis.

Google Cloud: For infrastructure services.

ARGUS: For real estate marketing.

These tools support data-driven decision-making and streamline development processes.

Leadership Team

United Properties' leadership comprises experienced professionals:

Matt Van Slooten: Appointed CEO in December 2022, bringing extensive experience in real estate development and investment.

Chris Pohlad: Serving as Chief of Staff since December 2022, contributing to strategic planning and operations.

Bill Katter: Co-President and Chief Investment Officer, overseeing development initiatives.

Eric Skalland: Chief Financial Officer and Executive Vice President of Capital Markets, managing financial strategies.

This team drives the company's vision and growth strategies.

Leadership Changes

In December 2022, United Properties announced significant leadership appointments:

Matt Van Slooten: Appointed as CEO.

Chris Pohlad: Appointed as Chief of Staff.

These changes aim to strengthen the company's strategic direction and operational efficiency.

Competitor Profile

Market Insights and Dynamics

The commercial real estate market is characterized by significant competition, with key players operating across various sectors, including office, industrial, retail, and residential properties. The market is influenced by economic trends, technological advancements, and evolving consumer preferences.

Competitor Analysis

United Properties faces competition from several notable firms:

Prologis: A leading industrial real estate company with a global presence.

Morgan Properties: Specializes in multifamily housing, owning over 350 apartment communities across 19 states.

Mid-America Apartment Communities (MAA): A publicly traded REIT focusing on apartments in the Southeastern and Southwestern U.S., owning 300 communities with 100,490 units.