Schafer Richardson

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

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

• Commercial real estate services
• Real estate development
• Property management leasing
• Real estate investment trust
• Construction services

Headquarters

HQ city

Minneapolis

HQ country

United States

HQ region

North America

Offices3 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Supply Chain, Marketing or Sales, Technology or R&D, Others

Revenue model

1. 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.
2. 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.
3. 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.
4. 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

Go-to-market motion1 record

Distribution channels4 records

Marketing channels6 records

Core 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

Named customers3 records

Segments1 record

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

18 partnerships are on record, tiered core and minor.

• Seward RedesigncoreStrategic or Co-development Partner · 15 September 2020Co-development partnership for Seward Commons master-planned redevelopment including four housing developments with 260+ rental units and two small business incubators.
• Seward Redesign, Inc.coreStrategic or Co-development PartnerCo-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)coreStrategic or Co-development PartnerMinority 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 BroddminorStrategic or Co-development PartnerPartnership 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 TrustcoreStrategic or Co-development PartnerAffiliated 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 CompanyminorImplementation/ SI/ Consulting PartnerGeneral contractor for Rya at RF64 project in Richfield - a 237-unit multifamily development that won Finance & Commerce Top Projects Award.
• Kaas WilsonminorImplementation/ SI/ Consulting PartnerArchitect for Rya at RF64 project, worked with Schafer Richardson on the design of the 237-unit multifamily development.
• Housing and Redevelopment Authority (HRA)coreStrategic or Co-development PartnerCritical 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 LLCcoreImplementation/ SI/ Consulting PartnerArchitect for Croft at Rosecott affordable housing community. Long-term collaborative partner with over 15 years of working together on development portfolio projects.
• Bauer Design BuildminorImplementation/ SI/ Consulting PartnerGeneral contractor for Croft at Rosecott project, built the high-quality affordable housing community in Rosemount, MN.
• City of RosemountcoreStrategic or Co-development PartnerSupportive municipal partner for Croft at Rosecott affordable housing project, welcomed the development into the community.
• BDHminorImplementation/ SI/ Consulting PartnerArchitect and design team for Schafer Richardson Corporate Office project that won PROJECT OF THE YEAR at Finance & Commerce Top Project Awards.
• SR ConstructioncoreImplementation/ SI/ Consulting PartnerSchafer Richardson's internal construction team served as general contractor for the corporate office build-out (20,000 sq ft space).
• LHBminorImplementation/ SI/ Consulting PartnerArchitect for The Bessemer at Seward Commons project.
• Greiner ConstructionminorImplementation/ SI/ Consulting PartnerGeneral contractor for The Bessemer at Seward Commons development project.
• Steven Scott ManagementminorImplementation/ SI/ Consulting PartnerProperty management partner for The Bessemer at Seward Commons and other projects.
• Steven Scott ManagementminorImplementation/ SI/ Consulting PartnerProperty manager for Viridium project (completed sustainable mixed-use development in Minneapolis North Loop).
• srrealtytrust.comcoreGTM or Marketing PartnerSR Realty Trust website for diversified portfolio investment opportunities managed by Schafer Richardson.

Scale indicators9 records

Recent moves9 records

Expansion highlights6 records

Direct 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

Revenue estimate

Valuation estimate

Number of profiles

Profiles11 records

Subsidiaries3 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Schafer Richardson