NexGen Properties
NexGen Properties is a privately held Colorado-based commercial real estate investment firm that acquires, repositions, and manages underperforming office, retail, industrial, hospitality, and medical office properties using its own capital.
- Company typePrivate
- Founded2004
- HeadquartersGreenwood Village, United States
- Headcount1–10
- GTM typeB2B
- OfferingServices
What NexGen Properties does
NexGen Properties is a privately held commercial real estate acquisition, development, and investment firm founded in 2004 by Travis McNeil and headquartered in Greenwood Village, Colorado, operating as an affiliated entity under NexGen Resources, Inc. The company specializes in opportunistic acquisitions of underperforming commercial properties across multiple asset classes — office, retail, industrial, hospitality, medical office, and land — primarily along Colorado's Front Range with selective holdings in the Minneapolis–St. Paul market. NexGen deploys its own capital without syndication, enabling all-cash transactions in the $2.5 million to $25 million range sourced through Ten-X auctions, off-market deals, bank-owned assets, and distressed situations. The portfolio currently spans 20+ commercial properties and over 400,000 square feet, with notable recent entries into hospitality (Hampton Inn & Suites Greeley, Homewood Suites Denver Tech Center) and flex industrial (Racine Industrial Center) via partnerships with specialized operators and brokers.
The firm's revenue model combines recurring rental income from leased commercial properties with capital appreciation through value-add repositioning and selective property disposition. Operations are lean — fewer than 10 employees — with execution delegated to third-party property managers (Griffis Blessing, Hospitality at Work) and institutional brokerage channels (Cushman & Wakefield, Colliers International, Mid-American Real Estate, Sierra Commercial Real Estate). Demonstrated deal outcomes include the February 2020 acquisition of Shaffer Tech Center for $7.812 million followed by its April 2021 sale for $14.5 million — approximately doubling equity in 14 months — and the February 2026 disposition of Mainstreet Marketplace after an 11-year hold for $5.875 million. Hospitality assets operate under Hilton franchise agreements managed by minority equity partner Renascent Hospitality. The firm has also made passive limited-partner investments totaling $586 million in committed capital across two Bow River Capital Partners opportunistic real estate funds targeting Mountain West opportunities, providing indirect exposure beyond direct investment capacity.
NexGen Properties firmographics
Firmographics- Name
- NexGen Properties
- Legal name
- NexGen Properties, LLC
- Website
- https://nexgen-properties.com
- Company type
- Private
- Founded year
- 2004
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- NexGen Properties is a privately held Colorado-based commercial real estate investment firm that acquires, repositions, and manages underperforming office, retail, industrial, hospitality, and medical office properties using its own capital.
- Ownership category
- akta.pro rank
NexGen Properties industry classification
Industry- Product category
- Commercial Real Estate Investment
- NAICS
- Lessors of Real Estate (5311), Lessors of Other Real Estate Property (53119)
- SIC
- Real Estate Dealers (For Their Own Account) (6532), Lessors Of Real Property, Nec (6519)
- akta.pro primary industry
- Real Estate Investment Management (Acquisitions & Dispositions) (BPAJAMAK)
- akta.pro secondary industry
- Real Assets — Operating Platforms & Direct Investments (FSAAAKAL)
Keywords
Where NexGen Properties is headquartered
LocationHeadquarters
- HQ city
- Greenwood Village
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
NexGen Properties business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Infrastructure, Supply Chain, Marketing or Sales, Others
Revenue model
- Commercial Property Leasing: NexGen generates recurring rental income from a diverse portfolio of commercial properties including office, retail, industrial, hospitality, medical, and land. Properties are leased to various tenants across asset classes with flexible lease terms.
- Property Value Appreciation: NexGen acquires properties below replacement cost, invests capital in renovations and repositioning, and realizes gains through improvedNOI and appreciation. The company flipped Shaffer Tech Center for $14.5M ($144.21 psf) after acquiring it for $7.812M ($77.69 psf).
- Strategic Property Disposition: NexGen realizes capital gains through selective property sales. Sold Mainstreet Marketplace for $5.875M after 11-year hold. Sold Shaffer Tech Center within one year for nearly 2x acquisition price.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| One time/ perpetual license | Pay-as-you-go | Riverbend Lot - 1.5 acres land parcel for sale |
Go-to-market motion1 record
Distribution channels6 records
Marketing channels5 records
NexGen Properties product offering
Product offeringCore offering
NexGen Properties is a commercial real estate acquisition, development, and investment firm that acquires underperforming properties below replacement cost and repositions them through capital improvements, active asset management, and targeted leasing. The company invests its own capital across multiple asset classes including office, retail, industrial, hospitality, medical office, and land development, generating returns through rental income, capital appreciation, and strategic dispositions. Target deal sizes range from $2.5 million to $25 million, primarily along the Colorado Front Range.
Product overview
NexGen Properties is a commercial real estate acquisition, development, and investment firm founded in 2004, operating as a single unified service rather than a platform architecture. The company offers direct investment in commercial real estate properties, acquiring, repositioning, and managing assets across multiple categories including office buildings (Corporate 25, Two DTC, 384 Inverness Parkway, Regency Executive Center), hospitality/hotels (Homewood Suites, Hampton Inn & Suites), medical office (EastRidge Medical), retail centers (Centennial Pavilion, Broomfield Marketplace, Westview Plaza), industrial/flex properties (Monaco Manufacturing, Racine Industrial Center), and land development (Westcreek, Riverbend Lot). The portfolio spans Colorado's Front Range with additional holdings in Minnesota, and the company also holds passive investment positions through Bow River Capital Funds. Investment strategy focuses on value-add opportunities with deal sizes typically between $2.5-25 million.
Differentiator
Problem solved
Functional benefit
Products and services
- Corporate 25 A three-building, 134,598 SF multi-tenant office campus in Centennial, CO acquired at 90% occupancy with average suite size of 2,400 SF. Features include fitness facility, conference rooms, outdoor decks, and rooftop patios with mountain views. Served by Cushman & Wakefield leasing team.
- Homewood Suites by Hilton Denver Tech Center A 113-room extended-stay hotel in Englewood, CO (Denver Tech Center) featuring studio, one-bedroom, and two-bedroom suites with in-suite kitchens. Hotel offers free breakfast, evening social, fitness center, sports courts, and indoor pool. Only Homewood Suites branded hotel in Denver Tech Center with strong recurring corporate accounts.
- Two DTC A 32,616 SF Class AA office building in Greenwood Village, CO serving as NexGen Resources' headquarters. Features hospitality-driven lobby, best-in-class finishes, and 18,160 SF available for lease as a boutique office opportunity with co-tenant space.
- Hampton Inn & Suites by Hilton Greeley A 74-key hotel in Greeley, CO. Following $3 million renovation, property ranks in top 8% of Hampton by Hilton properties. Features include renovated guestrooms, meeting space, fitness center, and pool. Operated by Renascent Hospitality under Hilton franchise.
- 384 Inverness Parkway
Quantifiable outcome
- Shaffer Tech Center flip achieved $6.688M gain ($67.00 psf) in approximately one year, acquiring for $7.812M and selling for $14.5M
- +3 more outcomes
Companies that use NexGen Properties
Customer profileNamed customers5 records
Segments6 records
Ideal customer profiles7 records
NexGen Properties technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
NexGen Properties partnerships and signals
Strategic signalPartnerships
Eight partnerships are on record, tiered core and minor.
- Mid-American Real EstatecoreAmy Senn, Principal of Investment Sales, brokered Mainstreet Marketplace sale to CROW Holdings. Also served as property manager throughout NexGen's 11-year ownership period.
- Griffis Blessing, Inc.minorEngaged as new property manager for Corporate 25 office campus following acquisition from Graham Street Realty.
- Cushman & WakefieldcoreAaron Johnson and Jon Hendrickson represented seller Graham Street Realty in Corporate 25 acquisition. NexGen retained Zach Williams, Nate Bradley, and Ryan Stout for leasing assignment. Also handles leasing for Two DTC and 384 Inverness.
- Renascent Hospitality, LLCcoreRenascent Hospitality is a minority equity partner and operator for NexGen's hospitality assets including Hampton Inn & Suites Greeley and Homewood Suites by Hilton Denver Tech Center. Renascent oversees Product Improvement Plan (PIP) renovations and manages hotel operations under franchise agreements with Hilton. Scott Somerville serves as President and CEO.
- Jordy ConstructioncoreJordy Construction served as general contractor for Two DTC headquarters renovation. Led complete interior demolition, asbestos removal, mechanical system upgrades, elevator modernization, and exterior improvements. President Sean Wardroup described project as 'brand-new state-of-the-art building.'
- Studio B2SJ (Seth Barber)coreSeth Barber of Studio B2SJ served as architect and project manager for Two DTC renovation. Managed reimagination of mid-century building with design features including sleek lobby, exposed ceilings, polished concrete floors, and custom wood/felt/fiberglass finishes.
- Hospitality at WorkminorEngaged as property manager for 384 Inverness Parkway multi-tenant office building.
- Colliers InternationalcoreTJ Smith and Nick Rice of Colliers International brokered Shaffer Tech Center transaction on behalf of NexGen and buyer CODI Manufacturing. Provided leasing services before suggesting sale opportunity.
Scale indicators7 records
Recent moves7 records
Expansion highlights6 records
NexGen Properties competitors and assessment
Company assessmentDirect peers
- Sterling Organization: Private real estate investment firm focused on value-add retail and commercial properties across the U.S. Comparable in acquisition philosophy (below-replacement-cost, repositioning) and tenant mix orientation.
- WC Smith: Washington DC-based mid-market real estate owner-operator with a multi-asset, value-add portfolio including office, retail, and multifamily. Comparable in scale, asset-class mix, and direct-ownership operating model.
- McWhinney: Northern Colorado real estate developer and investor operating across office, retail, hospitality, and mixed-use. Overlapping geographic base and similar opportunistic acquisition strategy targeting the Front Range.
- Bromley Companies: Colorado-based commercial real estate investment and management firm with a multi-asset portfolio across office, retail, and industrial in the Front Range. Closely comparable in operating model and regional concentration.
- FCP (Fetner Capital Partners): Private investment firm acquiring and operating value-add real estate across the U.S., including a meaningful multifamily and commercial portfolio. Comparable opportunistic value-add strategy and direct-deal sourcing approach.
- EverWest Real Estate Partners: Denver-based commercial real estate investment manager pursuing value-add and core-plus strategies across the Mountain West. Comparable mandate and regional focus to NexGen, with broader fund infrastructure.
- Continuum Partners: Denver-based opportunistic real estate investment and development firm focused on value-add repositioning across commercial and mixed-use assets in Colorado and Mountain West. Most comparable in geography, asset-class breadth, and scale to NexGen.
- Crow Holdings: Large Dallas-based CRE investor with a value-add retail and commercial platform that just acquired NexGen's Mainstreet Marketplace. Operates at greater scale but competes for similar unanchored retail and small-tenant commercial assets.
Broad incumbents
- Sentinel Real Estate Corporation: Long-established New York-based CRE investment manager serving institutional clients across office, retail, and multifamily. Comparable in asset-class breadth and value-add repositioning approach, though larger and more institutional.
Emerging players
- Hamilton Zanze: Value-add real estate investment firm operating across multifamily and select commercial assets. Comparable in operational discipline and patient-capital approach, though primarily residential.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat4 records
Key risks5 records
Key highlights7 records
Customer concentration
NexGen Properties social profiles
Digital presenceNexGen Properties financial estimates
Financial estimateRevenue estimate
Valuation estimate
NexGen Properties leadership team
Management profileNumber of profiles
Profiles3 records
NexGen Properties funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
NexGen Properties M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about NexGen Properties
What does NexGen Properties do?
NexGen Properties is a commercial real estate acquisition, development, and investment firm that acquires underperforming properties below replacement cost and repositions them through capital improvements, active asset management, and targeted leasing. The company invests its own capital across multiple asset classes including office, retail, industrial, hospitality, medical office, and land development, generating returns through rental income, capital appreciation, and strategic dispositions. Target deal sizes range from $2.5 million to $25 million, primarily along the Colorado Front Range.
Is NexGen Properties a public or private company?
NexGen Properties is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was NexGen Properties founded?
NexGen Properties was founded in 2004. It employs 1 to 10 people.
Where is NexGen Properties based?
NexGen Properties is headquartered in Greenwood Village, United States, in the North America region.
How does NexGen Properties make money?
Three revenue lines are on record. Commercial Property Leasing is the primary driver. The others are property Value Appreciation and strategic Property Disposition.
Who are NexGen Properties's main competitors?
Direct peers on record are Sterling Organization, WC Smith, McWhinney, Bromley Companies, FCP (Fetner Capital Partners), EverWest Real Estate Partners, Continuum Partners and Crow Holdings. Sentinel Real Estate Corporation is listed as a broad incumbent. Hamilton Zanze is listed as an emerging player.
Does NexGen Properties have an API?
No public API is recorded for NexGen Properties.
What industry is NexGen Properties in?
NexGen Properties's product category is Commercial Real Estate Investment. Its primary akta.pro industry code is BPAJAMAK, Real Estate Investment Management (Acquisitions & Dispositions), with a secondary code of FSAAAKAL, Real Assets — Operating Platforms & Direct Investments. Its NAICS code is 5311 and its SIC code is 6532.