Schafer Richardson
- Company typePrivate
- Founded1995
- HeadquartersMinneapolis, United States
- Headcount11–50
- GTM typeB2B
- OfferingServices
Schafer Richardson firmographics
Firmographics- Name
- Schafer Richardson
- Legal name
- Schafer Richardson, LLC
- Website
- https://sr-re.com
- Company type
- Private
- Founded year
- 1995
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Ownership category
- akta.pro rank
Schafer Richardson industry classification
Industry- Product category
- Commercial Real Estate Services
- NAICS
- Real Estate Property Managers (53131), Offices of Real Estate Agents and Brokers (53121), Offices of Real Estate Agents and Brokers (5312), Other Activities Related to Real Estate (531390)
- SIC
- Real Estate Agents & Managers (For Others) (6531), Real Estate (6500), Lessors Of Real Property, Nec (6519), Real Estate Investment Trusts (6798), Construction - Special Trade Contractors (1700), General Bldg Contractors - Residential Bldgs (1520), Real Estate Dealers (For Their Own Account) (6532)
- akta.pro primary industry
- Commercial Real Estate Brokerage (Leasing & Sales) (FSAEAJAB)
Keywords
Where Schafer Richardson is headquartered
LocationHeadquarters
- HQ city
- Minneapolis
- HQ country
- United States
- HQ region
- North America
Offices3 records
Markets served
Schafer Richardson business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Infrastructure, Supply Chain, Marketing or Sales, Technology or R&D, Others
Revenue model
- Investment Management: SR Realty Trust (SRRT), a private non-traded REIT, manages real estate investments offering Section 721 UPREIT, 1031 exchanges, common stock, and Time Certificate options for investors seeking capital preservation, stable income, and growth.
- Development Services: Award-winning real estate development services for commercial and residential projects including new construction, adaptive reuse, historic preservation, and mixed-use developments. The company has developed 18 high-density housing properties with 2,117 units totaling $486 million in project cost.
- Construction Services: Schafer Richardson Construction provides complete construction services for commercial and residential portfolio, from capital projects to tenant improvements. The company has completed over 140 projects ranging from $100 to $13 million.
- Commercial Management and Leasing: SR Management Services manages and leases nearly 5 million square feet of office, retail, industrial, and multifamily properties across the Upper Midwest.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Monthly | Multifamily Residential - Income Restricted Units |
| Subscription | Monthly | Multifamily Residential - Market Rate Units |
| Subscription | Pay-as-you-go | SR Realty Trust Time Certificates |
Go-to-market motion1 record
Distribution channels4 records
Marketing channels6 records
Schafer Richardson product offering
Product offeringCore offering
Schafer Richardson is a full-service commercial real estate firm offering investment, development, construction, and commercial management and leasing services across the Upper Midwest. Through its subsidiaries (SR Management Services, SR Realty Trust, and Schafer Richardson Construction), the company acquires, develops, builds, and manages office, retail, industrial, medical, multifamily, and mixed-use properties, while providing tax-advantaged real estate investment products to investors.
Product overview
Schafer Richardson is a full-service real estate company offering a platform of integrated services: Investment, Development, Construction, and Commercial Management & Leasing. The company operates through its subsidiaries including SR Management Services (managing nearly 5 million square feet across the Upper Midwest) and SR Realty Trust (a private REIT with over 5.4 million square feet in five states). Their development portfolio includes residential properties such as Rya at RF64, Lochner Apartments, Viridium, The Redwell, The Barnum, Croft at Rosecott, Copper at Rosecott, The Rosalyn, The Bessemer at Seward Commons, Timber & Tie, and Irvine Exchange. Schafer Richardson Construction provides in-house construction capabilities for their portfolio projects. The company has developed over 4 million square feet of residential and commercial space valued at over $750 million.
Differentiator
Problem solved
Functional benefit
Products and services
- Investment Services
- Real Estate Development
- Construction Services
- Commercial Management and Leasing
- SR Realty Trust (SRRT) SR Realty Trust (SRRT)
Quantifiable outcome
- 39 consecutive quarterly dividend payments
- +2 more outcomes
Companies that use Schafer Richardson
Customer profileNamed customers3 records
Segments1 record
Ideal customer profiles3 records
Schafer Richardson technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Schafer Richardson partnerships and signals
Strategic signalPartnerships
18 partnerships are on record, tiered core and minor.
- Seward RedesigncoreCo-development partnership for Seward Commons master-planned redevelopment including four housing developments with 260+ rental units and two small business incubators.
- Seward Redesign, Inc.coreCo-development partner for The Bessemer at Seward Commons transit-oriented multifamily development. Seward Redesign is a place-based nonprofit community development corporation dedicated to the Seward and Longfellow neighborhoods of South Minneapolis, started as a grassroots initiative in 1969.
- Noor Companies (NŌR)coreMinority woman-owned for-profit social enterprise and general contractor/developer. Co-development partner for The Bessemer at Seward Commons project, focused on delivering exceptional construction and development projects with larger impact on building future talent and next generation leaders in the construction industry.
- Peter BroddminorPartnership for Nova SP (Payne-Phalen neighborhood development) at 848 Payne Avenue in St. Paul - Schafer Richardson's first Opportunity Zone project and first low-income housing tax credit and opportunity zone project to close in Minnesota.
- SR Realty TrustcoreAffiliated private non-traded REIT managed by Schafer Richardson, offering tax-advantaged real estate investment options including Section 721 UPREIT and 1031 exchanges. SRRT has 52+ investments representing 5.4 million square feet across 5 states.
- Eagle Building CompanyminorGeneral contractor for Rya at RF64 project in Richfield - a 237-unit multifamily development that won Finance & Commerce Top Projects Award.
- Kaas WilsonminorArchitect for Rya at RF64 project, worked with Schafer Richardson on the design of the 237-unit multifamily development.
- Housing and Redevelopment Authority (HRA)coreCritical public partner for Rya at RF64 project, working with Schafer Richardson and the City of Richfield to increase density and accommodate growing population.
- UrbanWorks Architecture LLCcoreArchitect for Croft at Rosecott affordable housing community. Long-term collaborative partner with over 15 years of working together on development portfolio projects.
- Bauer Design BuildminorGeneral contractor for Croft at Rosecott project, built the high-quality affordable housing community in Rosemount, MN.
- City of RosemountcoreSupportive municipal partner for Croft at Rosecott affordable housing project, welcomed the development into the community.
- BDHminorArchitect and design team for Schafer Richardson Corporate Office project that won PROJECT OF THE YEAR at Finance & Commerce Top Project Awards.
- SR ConstructioncoreSchafer Richardson's internal construction team served as general contractor for the corporate office build-out (20,000 sq ft space).
- LHBminorArchitect for The Bessemer at Seward Commons project.
- Greiner ConstructionminorGeneral contractor for The Bessemer at Seward Commons development project.
- Steven Scott ManagementminorProperty management partner for The Bessemer at Seward Commons and other projects.
- Steven Scott ManagementminorProperty manager for Viridium project (completed sustainable mixed-use development in Minneapolis North Loop).
- srrealtytrust.comcoreSR Realty Trust website for diversified portfolio investment opportunities managed by Schafer Richardson.
Scale indicators9 records
Recent moves9 records
Expansion highlights6 records
Schafer Richardson competitors and assessment
Company assessmentDirect peers
- The Excelsior Group: Minneapolis-based full-service commercial real estate investment, development, management and construction firm operating across the Upper Midwest. Highly comparable vertically integrated platform of similar size and regional focus.
- Dominium: Plymouth, Minnesota-based developer, owner and manager of affordable and workforce housing nationwide. Comparable in building Upper Midwest affordable housing with LIHTC and related subsidy stack.
- Roers Companies: Minneapolis-area multifamily developer and property manager building market-rate and affordable housing across the Upper Midwest. Comparable in scale, geography and vertical integration across development, construction and management.
Broad incumbents
- Opus Group: Large Minneapolis-headquartered real estate developer and construction firm with integrated development and project management services across the Midwest and nationally. Larger in scale but a direct adjacent model combining development, construction and investment.
- Ryan Companies: Minneapolis-based national real estate developer, builder, designer and property manager with a fully integrated platform. Comparable in combining development, construction and asset management, though substantially larger and more geographically diversified.
- Kraus-Anderson: Minneapolis-based real estate developer and commercial construction manager with integrated development, construction and asset management operations. Closely aligned Midwest full-service CRE platform.
- Cushman & Wakefield: Global commercial real estate services platform with significant property management and investment sales operations in the Twin Cities. Direct overlap in commercial property management and brokerage; Schafer Richardson uses Cushman alumni extensively in its leasing and management ranks.
Regional players
- CenterSpace: Minneapolis-based REIT focusing on multifamily properties across the Midwest and Mountain regions. Comparable as a locally anchored real estate investment vehicle; differs in that it is publicly traded rather than private.
- Great Lakes Management Company: Minneapolis-based property management firm focused on multifamily and affordable housing in the Upper Midwest. Comparable as a regional property management platform serving investors, though narrower in scope than Schafer Richardson's vertically integrated offering.
Emerging players
- Weidner Apartment Homes: Mid-sized multifamily investment, development and management company with significant Midwest portfolio. Comparable in integrated apartment platform, though with a different geographic footprint and ownership structure.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
Schafer Richardson financial estimates
Financial estimateRevenue estimate
Valuation estimate
Schafer Richardson leadership team
Management profileNumber of profiles
Profiles11 records
Schafer Richardson subsidiaries and ownership
Company hierarchySubsidiaries3 records
Schafer Richardson funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Schafer Richardson 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 Schafer Richardson
What does Schafer Richardson do?
Schafer Richardson is a full-service commercial real estate firm offering investment, development, construction, and commercial management and leasing services across the Upper Midwest. Through its subsidiaries (SR Management Services, SR Realty Trust, and Schafer Richardson Construction), the company acquires, develops, builds, and manages office, retail, industrial, medical, multifamily, and mixed-use properties, while providing tax-advantaged real estate investment products to investors.
Is Schafer Richardson a public or private company?
Schafer Richardson is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Schafer Richardson founded?
Schafer Richardson was founded in 1995. It employs 11 to 50 people.
Where is Schafer Richardson based?
Schafer Richardson is headquartered in Minneapolis, United States, in the North America region.
How does Schafer Richardson make money?
Four revenue lines are on record. Investment Management is the primary driver. The others are development Services, construction Services and commercial Management and Leasing.
Who are Schafer Richardson's main competitors?
Direct peers on record are The Excelsior Group, Dominium and Roers Companies. Broad incumbents are Opus Group, Ryan Companies, Kraus-Anderson and Cushman & Wakefield. Regional players are CenterSpace and Great Lakes Management Company. Weidner Apartment Homes is listed as an emerging player.
Does Schafer Richardson have an API?
No public API is recorded for Schafer Richardson.
What industry is Schafer Richardson in?
Schafer Richardson's product category is Commercial Real Estate Services. Its primary akta.pro industry code is FSAEAJAB, Commercial Real Estate Brokerage (Leasing & Sales). Its NAICS code is 53131 and its SIC code is 6531.