Keating Resources
Keating Resources is a family-owned real estate investment firm that acquires, develops, and repositions industrial, hospitality, and master-planned community assets across eight U.S. states, leveraging a proprietary infrastructure data platform for site sourcing.
- Company typePrivate
- Founded2004
- HeadquartersDallas, United States
- Headcount1–10
- GTM typeB2B
- OfferingServices
What Keating Resources does
Keating Resources is a privately held, family-owned real estate investment and development firm founded by Gerard Keating in 2004 and now led alongside his son Alec Keating (CEO). The firm acquires, repositions, develops, and disposes of real estate assets — primarily Class A industrial/logistics properties, master-planned residential communities, and hospitality/gaming venues — across eight U.S. states (Texas, Florida, South Dakota, Nebraska, Illinois, Colorado, Louisiana, and Arizona), with a stated 20-year cumulative transaction volume exceeding $1 billion across more than 50 projects. Its operating verticals include industrial portfolio assets (Tampa Fulfillment Center, Westshore Logistics Park, Gateway Business Center, Dallas Brookhollow), the Deer Mountain Village master-planned community in the Black Hills (2,000+ acres, 300 home lots, ski amenities), and the Landmark Casino complex in Deadwood, SD, the largest casino development in Deadwood in over a decade.
The firm's core proprietary technology is Diligence LLC, a co-founded infrastructure data and site screening platform that maps parcel-level access to power, gas, rail, and substations to identify high-value industrial sites that are invisible to conventional sourcing. Keating Resources generates revenue through three primary streams: one-time real estate sales (industrial properties, hospitality venues, residential lots), recurring rental income from leased industrial, retail, office, and hospitality space, and operating revenue from the Landmark Casino and related food and beverage operations. Pricing is transaction-based and individually negotiated; the firm markets directly and through major CRE brokerages (Cushman & Wakefield, CBRE, Colliers, Marcus & Millichap, Newmark), and its named enterprise tenants span logistics (XPO Logistics), retail (84 Lumber, Mary Kay), manufacturing (Pella Windows), construction (ABC Supply), healthcare (Shriners Hospitals), and agriculture (Legion BioChem).
Keating Resources targets right-to-work states with favorable business climates and pursues a value-add strategy of acquiring vacant or underutilized assets at meaningful discounts, executing capital improvements and targeted leasing to reach full occupancy, and disposing at favorable per-square-foot pricing — a playbook evidenced by transactions such as the Federal Trust Building (purchased for $10, sold for $5.8M) and the Hialeah Market Station (vacant purchase at $11.25M, leased to 13 tenants, sold for $27.38M to Lincoln Property Company). The firm operates with a lean team of 1–10 employees across offices in Dallas (HQ), Atkinson (NE), Naples (FL), and Spearfish (SD), is not venture capital-backed, and reports no institutional equity investors.
Keating Resources firmographics
Firmographics- Name
- Keating Resources
- Legal name
- Keating Resources, LLC
- Website
- https://keatingresources.com
- Company type
- Private
- Founded year
- 2004
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- Keating Resources is a family-owned real estate investment firm that acquires, develops, and repositions industrial, hospitality, and master-planned community assets across eight U.S. states, leveraging a proprietary infrastructure data platform for site sourcing.
- Ownership category
- akta.pro rank
Keating Resources industry classification
Industry- Product category
- Commercial Real Estate Investment & Development
- NAICS
- Other Financial Investment Activities (5239), Portfolio Management and Investment Advice (523940)
- SIC
- Real Estate Dealers (For Their Own Account) (6532), Investors, Nec (6799)
- akta.pro primary industry
- Real Estate Investment Advisory (Acquisitions/Dispositions, Capital Allocation) (BPAJANAA)
Keywords
Where Keating Resources is headquartered
LocationHeadquarters
- HQ city
- Dallas
- HQ country
- United States
- HQ region
- North America
Offices4 records
Markets served
Keating Resources business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure, Supply Chain
Revenue model
- Real Estate Sales: The company generates revenue through the purchase, value-add improvement, and subsequent sale of real estate assets including industrial properties, hospitality venues, and residential lots. Transactions include commercial distribution centers, apartment complexes, office buildings, and master-planned community parcels.
- Real Estate Leasing: Revenue generated from leasing industrial, retail, office, and hospitality spaces to tenants. Properties include distribution centers, apartment complexes, and casino/hospitality venues.
- Hospitality Operations: Operating revenue from casino and hospitality ventures including the Landmark Casino in Deadwood, SD and related food and beverage operations.
Go-to-market motion1 record
Distribution channels3 records
Marketing channels7 records
Keating Resources product offering
Product offeringCore offering
Keating Resources is a family-owned real estate investment and development firm that acquires, repositions, develops, and sells industrial, hospitality, and master-planned community assets concentrated in right-to-work U.S. states. The firm generates revenue through value-add property acquisitions, leasing of distribution and office space, sales of repositioned assets, and operation of hospitality venues including the Landmark Casino in Deadwood, SD.
Product overview
Keating Resources is a real estate investment and development company, not a unified technology product platform. The company operates a portfolio of distinct real estate assets and developments including: (1) Industrial/distribution properties such as the Tampa Fulfillment Center, Westshore Logistics Park, and Gateway Business Center; (2) Master-planned communities including Deer Mountain Village and Spearfish Mountain Ranch; (3) Hospitality ventures including the Landmark Casino, Ian Munsick Cowboy Bar, and Keating Resources Sportsplex. These are independently developed projects rather than modules of a unified product platform. The company also operates subsidiary ventures like South Dakota Storage for climate-controlled storage units.
Differentiator
Problem solved
Functional benefit
Brands
- Deer Mountain Village: A master-planned community development in the Black Hills of South Dakota, featuring residential home lots and private ski amenities.
- The Landmark Casino
- Ian Munsick Cowboy Bar & Western Grill
Products and services
- Tampa Fulfillment Center A 178,000 SF, Class A LEED-certified distribution center located in Tampa, FL, designed for last-mile e-fulfillment operations with flow-through design, electric vehicle charging stations, motion-activated LED lighting, solar panels, and native Florida landscaping. Delivered by Keating Resources in partnership with the Easton Group and sold for a record per-square-foot price in the Tampa-Orlando market.
- Deer Mountain Village A master-planned mountain community in the Black Hills of South Dakota featuring 300 residential home lots, ski facilities, tubing parks, mountain bike trails, and luxury amenities including a ski lift and clubhouse, developed across over 2,000 acres.
- Landmark Casino The largest casino in Deadwood, South Dakota, representing the largest casino development in the region in over a decade, featuring a gaming floor, sportsbook, and integrated hospitality amenities.
- Ian Munsick Cowboy Bar & Western Grill A western-themed restaurant and bar at the Landmark Casino in Deadwood, SD featuring live country music and western dining experiences, operated as a branded hospitality venture in partnership with country artist Ian Munsick.
- Keating Resources Sportsplex A sports complex facility at Sky Ridge in Spearfish, SD operated under Keating Resources naming-rights sponsorship, offering athletic fields and community recreation amenities.
- Spearfish Mountain Ranch A residential community development in Spearfish, South Dakota with mountain living amenities, completed as part of Keating Resources' Black Hills residential portfolio.
- Gateway Business Center A 750,000 SF industrial campus in North Sioux City, SD (the largest building in South Dakota), acquired from Gateway Computer/Acer and redeveloped into a multi-tenant flex industrial and climate-controlled storage complex with tenants including Pella Windows & Doors, Compute North, and Legion BioChem.
- Westshore Logistics Park A four-building, six-tenant industrial complex totaling 167,958 SF in Tampa's Westshore District near Tampa International Airport, leased to logistics, healthcare, and distribution tenants.
- Black Hills Commerce Center A commercial development project in the Black Hills region of South Dakota for industrial and business use, part of Keating Resources' Black Hills investment and expansion initiative.
Quantifiable outcome
- Record per square foot price achieved for Tampa Fulfillment Center in the Tampa-Orlando market
- +3 more outcomes
Companies that use Keating Resources
Customer profileNamed customers17 records
Segments5 records
Ideal customer profiles4 records
Keating Resources technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature1 record
Keating Resources partnerships and signals
Strategic signalPartnerships
Ten partnerships are on record, tiered core, major and minor.
- Easton GroupcorePartnership with Easton Group on Tampa Fulfillment Center and other Florida industrial projects. The Easton Group also provided financing and co-markets properties with Keating Resources. Multiple joint acquisitions of distribution centers in Tampa market.
- Cushman & WakefieldcoreCushman & Wakefield industrial leasing team hired to lease Tampa Fulfillment Center and other properties. Represents Keating Resources in lease negotiations with tenants.
- ComReal CompaniesmajorRepresented Keating Resources in the purchase of the Hialeah industrial site near Miami International Airport. Co-marketing partner with Easton Group.
- Garvey MarineminorHandling boat movements and harbor/fleeting responsibilities at Port of Will County.
- Boat DocksminorHandling stevedoring services at Port of Will County.
- Lincoln Property CompanymajorDallas-based pension fund advisor that purchased 506,300 SF distribution center in Miami from Keating Resources for $27.38 million.
- CenterPoint PropertiesmajorSold Port of Will County industrial park and materials super-hub to CenterPoint Properties. Keating Resources previously brokered 550,000 SF building for CenterPoint.
- Marcus & MillichapmajorOff-market transaction brokerage for acquisition of two Tampa distribution centers at 5300 East Adamo Drive.
- Deer Mountain VillagecoreMaster-planned community development in Black Hills, SD. Includes Deer Mountain ski resort, residential lots, and related hospitality amenities.
- Landmark CasinocoreLargest casino opened in Deadwood, SD in over a decade. Keating Resources developed and operates the Landmark Casino as part of their Black Hills hospitality portfolio.
Scale indicators11 records
Recent moves8 records
Expansion highlights6 records
Keating Resources competitors and assessment
Company assessmentDirect peers
- CenterPoint Properties: Industrial real estate investment and development firm that purchased Keating's Port of Will County materials super-hub and operates at scale in the same industrial-port/logistics acquisition niche.
- Easton Group: Identified JV partner on multiple Tampa industrial projects (Tampa Fulfillment Center, 5300 East Adamo Drive); competes in the same Tampa industrial submarket and co-invests with Keating Resources on value-add distribution centers.
- Crow Holdings: Family-controlled (Trammel Crow lineage) real estate investor focused on industrial logistics, multifamily, and development across the Sun Belt — direct overlap with Keating's industrial value-add thesis and right-to-work state concentration.
- Hillwood Development Company: Family-owned industrial and master-planned community developer (AllianceTexas), with comparable strategy of acquiring large land tracts and executing integrated industrial/logistics + mixed-use developments across multiple U.S. states.
- Becknell Industrial: Private industrial REIT focused on value-add logistics and distribution center acquisitions in infill U.S. markets — comparable strategy of acquiring below-market industrial and repositioning through leasing and capital improvements.
Emerging players
- Sterling Bay: Private real estate developer focused on large-scale, mixed-use and industrial redevelopment projects in select U.S. markets; comparable in operating-mode (development-led, principal capital) though more urban-focused.
- Taurus Investment Holdings: Privately-held, family-aligned real estate investment firm pursuing multi-asset value-add and development strategies in U.S. growth markets — similar ownership profile and opportunistic acquisition approach to Keating Resources.
Others
- Marcus & Millichap: Commercial real estate brokerage that arranged multiple Keating acquisitions including the off-market Tampa distribution centers; ecosystem intermediary rather than direct competitor.
- Cushman & Wakefield: Global commercial real estate services firm engaged as Keating's leasing channel partner in Tampa; functions here as a broker/distribution intermediary rather than direct competitor, but relevant for understanding comparable market participants.
Broad incumbents
- Lincoln Property Company: Large diversified real estate investment, development, and brokerage firm; identified in source data as buyer of Keating's Hialeah Market Station ($27.38M) and a counterparty across multiple transactions, signaling overlapping deal universe.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat5 records
Key risks5 records
Key highlights6 records
Customer concentration
Keating Resources social profiles
Digital presenceKeating Resources compliance and trust
Trust signalCompliance1 record
Keating Resources financial estimates
Financial estimateRevenue estimate
Valuation estimate
Keating Resources leadership team
Management profileNumber of profiles
Profiles7 records
Keating Resources funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Keating Resources 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 Keating Resources
What does Keating Resources do?
Keating Resources is a family-owned real estate investment and development firm that acquires, repositions, develops, and sells industrial, hospitality, and master-planned community assets concentrated in right-to-work U.S. states. The firm generates revenue through value-add property acquisitions, leasing of distribution and office space, sales of repositioned assets, and operation of hospitality venues including the Landmark Casino in Deadwood, SD.
Is Keating Resources a public or private company?
Keating Resources is a private company. It is classified as family owned and is currently operating.
When was Keating Resources founded?
Keating Resources was founded in 2004. It employs 1 to 10 people.
Where is Keating Resources based?
Keating Resources is headquartered in Dallas, United States, in the North America region.
How does Keating Resources make money?
Three revenue lines are on record. Real Estate Sales are the primary driver. The others are real Estate Leasing and hospitality Operations.
Who are Keating Resources's main competitors?
Direct peers on record are CenterPoint Properties, Easton Group, Crow Holdings, Hillwood Development Company and Becknell Industrial. Emerging players are Sterling Bay and Taurus Investment Holdings. Others are Marcus & Millichap and Cushman & Wakefield. Lincoln Property Company is listed as a broad incumbent.
Does Keating Resources have an API?
No public API is recorded for Keating Resources.
What industry is Keating Resources in?
Keating Resources's product category is Commercial Real Estate Investment & Development. Its primary akta.pro industry code is BPAJANAA, Real Estate Investment Advisory (Acquisitions/Dispositions, Capital Allocation). Its NAICS code is 5239 and its SIC code is 6532.