Drake Real Estate Services

What Drake Real Estate Services does

Drake Real Estate Services is a Denver-based commercial real estate firm founded in 1999 by Jon Hauser that specializes in retail development, asset management, and joint venture investments. The company operates three integrated service lines: Development Services covering site selection, build-to-suit development, and construction management; Drake Asset Management providing property management and lease administration for retail and multifamily properties; and Investment/Joint Ventures structuring capital partnerships with lending institutions, land owners, developers, and retail clients. Drake has completed 199 projects including 71 multi-tenant shopping centers and 128 single-tenant buildings, and its Drake Asset Management subsidiary manages over one million square feet of retail space across 125+ properties.

The firm serves as preferred developer for multiple national enterprise clients including Tesla, Tractor Supply Co. (since 2012), CareNow (HCA Healthcare, since 2023), and Caliber Collision (since 2023), and historically executed 39 Fresh N' Easy grocery stores across California and Nevada within 36 months as preferred developer for that chain. Operations span the western United States with geographic expansion via Tesla service center projects into Washington, Tennessee, Utah, and Kentucky. Drake also holds a minority equity investment in Little Pub Company, a Denver-area restaurant group operating 20 neighborhood bars and restaurants.

The business model combines project-based development fees (fee development, joint ventures, sale leasebacks, traditional leases), recurring asset management fees from managed properties, and JV equity participation. Drake's underlying technology consists of an interactive web-based project document control platform, proprietary calendar tracking systems, and a document library evolved over two decades of transactions, supporting both development project management and ongoing property operations. The company is privately held and founder-owned with no institutional capital, operating with approximately 15 staff across development and asset management functions.

Name

Drake Real Estate Services

Legal name

Drake Real Estate Services

Website

https://drakeres.com

Company type

Private

Founded year

1999

Operating status

Operating

Headcount range

11–50 employees

Short description

Denver-based commercial real estate firm specializing in retail build-to-suit development, asset management, and joint ventures. Serves as preferred developer for national chains including Tesla, Tractor Supply Co., CareNow, and Caliber Collision across the western United States.

Ownership category

akta.pro rank

Product category

Commercial Real Estate Development

NAICS

Offices of Real Estate Agents and Brokers (5312)

SIC

Real Estate (6500), Investors, Nec (6799)

akta.pro primary industry

Real Estate Development & Feasibility Advisory (Highest-and-Best-Use, Entitlements Support) (BPAJANAC)

akta.pro secondary industry

Real Estate Investment Advisory (Acquisitions/Dispositions, Capital Allocation) (BPAJANAA)

Keywords

• Commercial real estate development
• Build-to-suit retail
• Property management services
• Real estate joint ventures
• Retail site selection

Headquarters

HQ city

Denver

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Development Fees: Fee development services for build-to-suit projects, joint ventures, sale lease back transactions, and traditional lease transactions for retail clients.
2. Joint Venture Investments: Equity investments in real estate projects and operating companies like Little Pub Company, where Drake handles lease administration, property management, property financing, deal negotiation, and construction management.
3. Asset Management: Property management and lease administration services for retail properties, handling tenant relations, budgeting, financial reporting, and property operations.
4. Property Management and Leasing Services: Third-party property management and leasing services for multifamily and commercial properties, such as the VF Developments project in Santa Ana, California.

Go-to-market motion2 records

Distribution channels3 records

Marketing channels4 records

Core offering

Drake Real Estate Services is a full-service commercial real estate development, management, and investment company. It provides site selection, build-to-suit development, entitlement, construction management, and disposition services for retail clients, alongside third-party property management and lease administration through its Drake Asset Management subsidiary, and equity investment / joint venture structuring for real estate projects.

Product overview

Drake Real Estate Services is a full-service commercial real estate development, management, and investment company founded in 1999. The company operates three integrated core service lines: Development Services (including site selection, build-to-suit retail development, and construction management), Drake Asset Management (property management and lease administration), and Investment/Joint Ventures (capital partnerships). The company specializes in single-tenant build-to-suits and small to medium shopping centers in the western United States, having completed over 199 projects including 71 multi-tenant shopping centers and 128 single-tenant buildings. Notable projects include Tractor Supply Company stores, CareNow urgent care centers, Tesla service centers, Fresh N' Easy grocery stores, and various multi-tenant retail centers. The company also holds an investment stake in Little Pub Company operating 20 bars and restaurants in the Denver area.

Differentiator

Problem solved

Functional benefit

Products and services

• Development Services Full-service commercial real estate development including site selection, build-to-suit (BTS) development for individual retailers, entitlement and permitting, construction management, and disposition. The service has been delivered through fee development, joint ventures, sale-leaseback, and traditional lease transactions for retail clients.
• Drake Asset Management Third-party property management and lease administration for retail and commercial properties covering more than one million square feet across 125+ properties. Services include tenant relations, daily operations, budgeting, financial reporting, lease negotiations and renewals, lender inspections, insurance, CAM reconciliations, and collections.
• Investment and Joint Ventures Capital partnership and joint venture services structuring equity investments in real estate projects and operating companies. Drake handles all lease administration, property management, property financing, deal negotiation, and construction management for its joint venture partners.

Quantifiable outcome

• 199 projects completed since 1999 with 71 multi-tenant shopping centers and 128 single-tenant buildings
• +2 more outcomes

Named customers10 records

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Partnerships

Three partnerships are on record, tiered core and minor.

• Baker ConstructioncoreStrategic or Co-development PartnerBaker Construction served as general contractor for Drake's first ground-up Tesla Service Center development in Liberty Lake, Washington (33,768 SF on 5 acres).
• VF DevelopmentsminorChannel Partner/ Reseller/ DistributorDrake Real Estate Group (likely a related entity to Drake Real Estate Services) is providing property management and leasing services for VF Developments' renovated historic Spanish Villa style multifamily property in Santa Ana, California.
• TriWest ContractorsminorStrategic or Co-development PartnerTriWest Contractors handled the renovation work on VF Developments' 1920s Spanish Villa style eight-unit multifamily property in downtown Santa Ana.

Scale indicators8 records

Recent moves6 records

Expansion highlights5 records

Broad incumbents

• Brixmor Property Group: Large public retail REIT owning and operating open-air shopping centers. Comparable in shopping-center management and tenant mix optimization, with far greater scale and capital access.
• Kimco Realty: One of the largest publicly traded retail REITs, focused on open-air shopping centers in major US markets. Overlap with Drake in shopping-center management and leasing, but vastly larger scale and balance sheet.
• Regency Centers: Public REIT focused on grocery-anchored shopping centers. Comparable to Drake in shopping-center development and tenant relationships with national retail brands, at materially larger scale.
• Phillips Edison & Company: Public shopping-center REIT focused on grocery-anchored and small-format retail. Comparable to Drake in multi-tenant shopping-center ownership and management, though with a national portfolio and public-market capital.

Direct peers

• Endeavor Real Estate Group: Privately held retail-focused real estate investment and development company. Similar vertically integrated model of development, leasing, and property management for shopping centers and BTS retail.
• NewMark Merrill Companies: Privately held retail real estate investment and development firm operating shopping centers across the western US. Closely comparable to Drake in size, retail-development focus, and western-US concentration.
• The Retail Connection: Retail-specialized commercial real estate firm providing brokerage, leasing, and tenant representation. Comparable mid-sized peer to Drake in retail tenant representation across multiple US markets.
• SRS Real Estate Partners: National retail-focused real estate services firm providing brokerage, development, and investment services to retailers and landlords. Comparable to Drake in retail tenant representation and BTS development focus, but at significantly larger national scale.
• Pine Tree Commercial Realty: Privately held retail real estate investment, management, and development firm. Similar size and integrated model of ownership, leasing, and property management for retail properties.
• Next Realty: Privately held retail real estate investment and development firm focused on multi-tenant shopping centers. Comparable in size, vertical integration, and tenant mix focus on necessity-based retail.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/drake-asset-management-llc

Revenue estimate

Valuation estimate

Number of profiles

Profiles15 records

Subsidiaries2 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 Drake Real Estate Services