United Properties
United Properties is a 109-year-old, Pohlad Companies-owned commercial real estate developer and investor developing office, industrial, retail, multi-family, mixed-use, and senior living properties across Minnesota, Colorado, Texas, and Florida.
- Company typePrivate
- Founded1916
- HeadquartersMinneapolis, United States
- Headcount101–250
- GTM typeB2B
- OfferingServices
What United Properties does
United Properties is a privately held commercial real estate owner, investor, and developer founded in 1916 and headquartered in Minneapolis, with operations spanning Minnesota, Colorado, Texas, and Florida. The company has developed nearly 200 projects totaling more than 20 million square feet with cumulative development costs reaching $1 billion since the early 1970s, across a diversified property mix: office, industrial, retail, multi-family, mixed-use, healthcare, and senior living under the Amira brand. Its current portfolio comprises 93 projects broken down as 32 senior living, 22 industrial, 18 office, 17 mixed-use, 11 retail, 5 multi-family, and 2 healthcare properties.
The company makes money through multiple streams: development fees on ground-up projects, asset management and ownership economics on owned and co-owned properties, recurring rental income from the Amira senior living portfolio (operated by third-party managers including Great Lakes Management), and joint venture economics with institutional capital partners including State Farm and PIMCO. The Amira brand operates three sub-products — Amira (55+ independent living rentals), Amira Villas (villa-style active adult homes), and Amira Choice (communities with assisted living, memory care, and enhanced care services). Senior living communities are operated by third-party managers, while commercial properties are leased directly to corporate tenants including RBC, Credit Union of Colorado, and various industrial users in business parks such as 610 Junction Business Park in Brooklyn Park, MN.
United Properties is owned by Pohlad Companies, a Minneapolis-based family conglomerate, and operates exclusively through direct B2B sales channels targeting institutional investors, corporate tenants, and joint venture partners. The go-to-market motion is enterprise field sales with deal structures negotiated per project. Recent strategic priorities include Austin market expansion (3.2M+ SF developed since 2020 entry), a senior living development pipeline with three concurrent groundbreakings, and ESG integration across all development decisions, supported by an in-house ESG advisory function and recurring industry recognition including NAIOP, BOMA, and REjournal awards.
United Properties firmographics
Firmographics- Name
- United Properties
- Legal name
- United Properties LLC
- Website
- https://uproperties.com
- Company type
- Private
- Founded year
- 1916
- Operating status
- Operating
- Headcount range
- 101–250 employees
- Short description
- United Properties is a 109-year-old, Pohlad Companies-owned commercial real estate developer and investor developing office, industrial, retail, multi-family, mixed-use, and senior living properties across Minnesota, Colorado, Texas, and Florida.
- Ownership category
- akta.pro rank
United Properties industry classification
Industry- Product category
- Commercial Real Estate Development & Investment
- NAICS
- Real Estate Property Managers (53131), Lessors of Real Estate (5311), Residential Property Managers (531311), Nonresidential Property Managers (531312)
- SIC
- Real Estate (6500), Real Estate Dealers (For Their Own Account) (6532), Real Estate Agents & Managers (For Others) (6531), Lessors Of Real Property, Nec (6519)
- akta.pro primary industry
- Healthcare & Senior Housing Real Estate Asset Management (BPAJAMAH)
- akta.pro secondary industries
- Senior & Assisted Living Residential Property Management (BPAJAFAE), Senior Living Property Management (BPAJAGAI), Condominium Association Management (BPAJAHAA)
Keywords
Where United Properties is headquartered
LocationHeadquarters
- HQ city
- Minneapolis
- HQ country
- United States
- HQ region
- North America
Offices3 records
Markets served
United Properties business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Supply Chain, Technology or R&D, Infrastructure, Marketing or Sales
Revenue model
- Commercial Real Estate Development Fees: United Properties generates revenue through development fees on ground-up development projects across office, industrial, retail, senior living, multi-family, and mixed-use property types, working with institutional joint venture partners and third-party investors.
- Asset Management and Ownership: United Properties owns, co-owns, and joint ventures commercial real estate assets as sole owner, co-owner, and joint venture partner. Revenue derived from asset value appreciation, rental income, and long-term hold strategy.
- Senior Living Operations (Amira Brand): Amira senior living communities generate revenue through independent living, assisted living, memory care, and enhanced care rental income. Communities are operated by third-party managers including Great Lakes Management, with United Properties as the real estate owner and investor.
Go-to-market motion1 record
Distribution channels3 records
Marketing channels7 records
United Properties product offering
Product offeringCore offering
United Properties is a commercial real estate owner, investor, and developer that develops, invests in, and manages office, industrial, retail, multi-family, senior living, and mixed-use properties across Minnesota, Colorado, and Texas. The company generates revenue through development fees on ground-up projects, asset ownership and appreciation, joint venture equity structuring with institutional partners, and rental income from owned senior living communities under the Amira brand.
Product overview
United Properties is a commercial real estate developer and investor offering a diversified portfolio of property types: Multi-Family (apartments), Industrial, Retail, Office, and Mixed-Use developments, plus the Amira Senior Living brand sub-portfolio. The Amira brand includes three sub-products: Amira (55+ independent living rentals), Amira Villas (villa-style homes for active adults), and Amira Choice (communities with care services including memory care and assisted living). The company operates in Minnesota, Colorado, and Texas markets, developing and investing in properties ranging from 45-unit boutique developments to 1.2 million SF mixed-use towers, with a focus on sustainable development and community impact.
Differentiator
Problem solved
Functional benefit
Brands
- Amira: Senior living communities offering 55+ independent living rental communities, villas for active adults, and communities with care services including Independent Living, Assisted Living, Memory Care and Enhanced Care.
- Amira Choice
- Amira Villas
Products and services
- Multi-Family Residential Development
- Industrial Real Estate Development
- Retail Real Estate Development
- Office Real Estate Development
- Mixed-Use Development
- Amira Senior Living Communities
Quantifiable outcome
- Since the early 1970s, developed nearly 200 projects totaling more than 20 million square feet with costs reaching $1 billion
- +4 more outcomes
Companies that use United Properties
Customer profileNamed customers7 records
Segments6 records
Ideal customer profiles4 records
United Properties technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
United Properties partnerships and signals
Strategic signalPartnerships
13 partnerships are on record, tiered core, major and minor.
- Great Lakes ManagementcoreGreat Lakes Management is the property manager and operator for Amira senior living communities. GLM oversees daily operations and resident experience at communities including Amira Lake Elmo, Amira Corcoran, and Amira Lowry. GLM manages more than $1 billion in real estate assets nationwide.
- Weis BuilderscoreWeis Builders is the general contractor for Amira Lowry in Denver's Lowry neighborhood. Weis Builders has extensive experience in senior housing and multifamily projects with more than 55,000 units completed across multiple markets nationwide.
- Eagle Building CompanycoreEagle Building Company is the general contractor for Amira Lake Elmo and Amira Corcoran senior living communities. Eagle Building Company provides preconstruction and construction services for multifamily and senior housing developments across the Midwest, with more than 8,200 multifamily units completed.
- LSE ArchitectsmajorLSE Architects provided innovative, community-focused design for Amira Lake Elmo senior living community. LSE specializes in senior living and multifamily architecture with a focus on creating environments that are market-responsive and operationally efficient.
- Momentum Design GroupmajorMomentum Design Group is the architect for Amira Corcoran senior living community in Corcoran, MN. The firm specializes in senior living, multifamily, and mixed-use developments nationwide, known for creating market-responsive, resident-focused, and operationally efficient environments.
- Keegan Mulry HouseminorKeegan Mulry House curated the interior design and furnishings for Amira Lowry to create warm, inviting spaces reflecting the Amira brand identity and aesthetic.
- DLR GroupmajorDLR Group is the architect for The Ellie multi-family development in Eden Prairie, MN. DLR Group is an interdisciplinary design firm with expertise in sustainable design across multiple building types.
- OHT PartnerscoreOHT Partners is the general contractor for Shelby Ranch multi-family development in Austin, TX.
- Belshaw Mulholland ArchitectsmajorBelshaw Mulholland Architects is the project architect for Shelby Ranch multi-family development in Austin, TX.
- TBG PartnersminorTBG Partners is the landscape architect for Shelby Ranch multi-family development in Austin, TX, contributing to the sustainable and wildlife-certified outdoor design.
- Keaton InteriorsminorKeaton Interiors provided interior design services for Shelby Ranch multi-family development in Austin, TX.
- MEDA (Metropolitan Economic Development Association)coreUnited Properties is a proud corporate anchor of the Ascend Twin Cities program operated by MEDA. MEDA empowers entrepreneurs with consulting, access to capital, and market opportunities. Through the Ascend Twin Cities initiative, MEDA works with corporate partners to help underserved businesses integrate into large-scale supply chains.
- Ascend Twin CitiescoreAscend Twin Cities is a local initiative of a national network founded by the University of Washington Foster School of Business. The program connects underserved businesses with corporate partners like United Properties to discover meaningful business opportunities and build contracting relationships.
Scale indicators8 records
Recent moves7 records
Expansion highlights5 records
United Properties competitors and assessment
Company assessmentDirect peers
- Mortenson: Minneapolis-headquartered real estate developer and construction firm with significant office, healthcare, and mixed-use development. Shares Minneapolis roots and institutional client base with United Properties.
- Ryan Companies: Minneapolis-based national commercial real estate developer, designer, builder, and property manager. Operates across office, industrial, retail, healthcare, and senior living — closely mirroring United Properties' diversified platform.
- The Opus Group: Minneapolis-based commercial real estate developer and investor with similar diversified platform across office, industrial, retail, multi-family, and senior living. Comparable size and Twin Cities footprint makes it the closest direct regional peer.
- CSM Corporation: Minneapolis-based commercial real estate developer, investor, and manager of office, industrial, retail, and hospitality properties. Former employer of United Properties CEO Matt Van Slooten and several other executives; operates in overlapping Twin Cities market.
- Carlson Real Estate Company: Minneapolis-based commercial real estate company and former long-time employer of United Properties CEO Matt Van Slooten (25 years, including 13 as president). Closely comparable Twin Cities CRE operator.
- Capital Real Estate Inc. Twin Cities-based commercial real estate firm focused on development and investment. Former employer of EVP Karla Carlson; comparable size and regional focus make it a close Midwest peer.
Emerging players
- Welltower: Largest U.S. healthcare and senior housing REIT. Not a direct competitor for ground-up development, but a parallel capital source for senior living investment; employs former UP executives (e.g., Janelle MacLean was a Welltower Asset Manager).
Broad incumbents
- CBRE Group: Largest global commercial real estate services firm. Provides brokerage, property management, and investment services across all asset classes in which United Properties operates; competes for institutional capital allocation.
- JLL: Global commercial real estate services and investment management firm. Operates across office, industrial, retail, multi-family, and senior living — overlapping with United Properties' service categories at scale.
- Cushman & Wakefield: Global commercial real estate services firm offering brokerage, valuation, and asset management across office, industrial, retail, and multi-family. Employs former UP executives (e.g., Erin Stevens previously on a landlord brokerage team at C&W).
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights7 records
Customer concentration
United Properties social profiles
Digital presenceUnited Properties compliance and trust
Trust signalCompliance7 records
United Properties financial estimates
Financial estimateRevenue estimate
Valuation estimate
United Properties leadership team
Management profileNumber of profiles
Profiles28 records
United Properties funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
United 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 United Properties
What does United Properties do?
United Properties is a commercial real estate owner, investor, and developer that develops, invests in, and manages office, industrial, retail, multi-family, senior living, and mixed-use properties across Minnesota, Colorado, and Texas. The company generates revenue through development fees on ground-up projects, asset ownership and appreciation, joint venture equity structuring with institutional partners, and rental income from owned senior living communities under the Amira brand.
Is United Properties a public or private company?
United Properties is a private company. It is classified as corporate owned and is currently operating.
When was United Properties founded?
United Properties was founded in 1916. It employs 101 to 250 people.
Where is United Properties based?
United Properties is headquartered in Minneapolis, United States, in the North America region.
How does United Properties make money?
Three revenue lines are on record. Commercial Real Estate Development Fees are the primary driver. The others are asset Management and Ownership and senior Living Operations (Amira Brand).
Who are United Properties's main competitors?
Direct peers on record are Mortenson, Ryan Companies, The Opus Group, CSM Corporation, Carlson Real Estate Company and Capital Real Estate Inc.. Welltower is listed as an emerging player. Broad incumbents are CBRE Group, JLL and Cushman & Wakefield.
Does United Properties have an API?
No public API is recorded for United Properties.
What industry is United Properties in?
United Properties's product category is Commercial Real Estate Development & Investment. Its primary akta.pro industry code is BPAJAMAH, Healthcare & Senior Housing Real Estate Asset Management, with a secondary code of BPAJAFAE, Senior & Assisted Living Residential Property Management. Its NAICS code is 53131 and its SIC code is 6500.