Greco

What Greco does

Greco Properties LLC is a Minneapolis-based, vertically integrated boutique real estate development and property management firm founded in 2002. The company specializes in urban and suburban infill multifamily housing across the Twin Cities metropolitan area, with a portfolio spanning luxury garden-style apartments, active adult (55+) communities, senior housing, and memory care facilities. Named projects include The Bowline at Mississippi Crossings (212 units, Champlin), The Fox & The Grouse (237 + 188 units, Eden Prairie), Aloma (201 units, Shoreview), The Ensley (Minnetonka), and a $145M mixed-use redevelopment in West St. Paul delivering 476 homes. Cumulatively, the firm has delivered 5,000+ residential units and 300,000+ square feet of commercial space representing more than $1B in development value, with 2,000+ units currently under management.

Greco's operating model is built on a vertically integrated platform covering site selection, feasibility, entitlements, construction management, marketing, lease-up, and ongoing property and asset management, allowing direct engagement with private and institutional capital partners throughout the project lifecycle. The company is led by Josh Brandsted, President and managing partner with 50% ownership since 2020, alongside founder Arnie Gregory. Capital is sourced through a mix of construction loans (e.g., $39.12M from MidWestOne Bank), joint venture equity from institutional partners (Amstar Group, Eagle Ridge Partners), and refinancing arranged through capital markets intermediaries (JLL, Northmarq). Pricing is not publicly disclosed; partnerships and management contracts are negotiated bilaterally. The firm has no disclosed venture capital or private equity backing and remains privately held.

The company's primary customer segments are (1) private and institutional partners seeking co-development and capital deployment opportunities, and (2) residential end-users leasing luxury multifamily, active adult, and senior housing units with resort-style amenities and smart-home features. Public-private partnerships with municipalities including Champlin, West St. Paul, and Minnetonka provide master-developer and entitlement pipelines. The firm has earned industry recognition including the 2025 MFE Award (Garden-Style category for Aloma), back-to-back SatisFacts Resident Satisfaction Awards (2020, 2022), and inclusion on the Minneapolis/St. Paul Business Journal's 2026 Largest Real Estate Developers list.

Name

Greco

Legal name

Greco Properties LLC

Website

https://choosegreco.com

Company type

Private

Founded year

2002

Operating status

Operating

Headcount range

11–50 employees

Short description

Greco Properties LLC is a Minneapolis-based, vertically integrated boutique real estate developer and property manager founded in 2002, specializing in luxury multifamily, active adult, and senior housing across the Twin Cities. The firm has delivered 5,000+ units and $1B+ in development value, serving private/institutional capital partners and residential end-users.

Ownership category

akta.pro rank

Product category

Real Estate Development

NAICS

Real Estate Property Managers (53131)

SIC

Operators Of Apartment Buildings (6513), Land Subdividers & Developers (No Cemeteries) (6552), Real Estate Agents & Managers (For Others) (6531)

akta.pro primary industry

Multi-Family Residential Construction (Apartments, Condos, Townhomes) (IMAFABAB)

akta.pro secondary industries

Multifamily Apartment Property Management (BPAJAFAA), Independent Living Real Estate Owners/Operators (REITs & Management Companies) (HLADAAAG)

Keywords

• Real estate development
• Property management
• Multifamily housing
• Senior housing
• Mixed-use redevelopment

Headquarters

HQ city

Minneapolis

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Revenue model

1. Real Estate Development: Development fees and equity returns from developing multifamily residential and mixed-use properties across the Twin Cities. The company builds to hold, generating returns through development and long-term asset ownership.
2. Property Management: Asset and property management services for owned and third-party properties, with focus on operational discipline, leasing execution, and long-term value maximization.

Go-to-market motion1 record

Distribution channels3 records

Marketing channels5 records

Core offering

Greco is a vertically integrated boutique real estate development and property management firm based in Minneapolis that develops, owns, and operates multifamily residential, active adult, senior living, and mixed-use properties across the Twin Cities. The firm delivers the full development lifecycle — site selection, underwriting, construction management, marketing, lease-up, and ongoing asset and property management — for both its own portfolio and third-party owners.

Product overview

Greco is a full-service real estate development firm offering integrated development, construction management, marketing, lease-up, and property management services. The company's portfolio includes multiple named multifamily residential communities (The Bowline, The Fox & The Grouse, Aloma, The Ensley) alongside specialized products including memory care facilities and active adult communities. Greco operates through an integrated model that coordinates the full development lifecycle from site selection through stabilized operations, with property management continuing post-lease-up. The company also provides smart home technology features as standard amenities in its residential products. The portfolio spans various segments including luxury multifamily, 55+ living, memory care, and mixed-use redevelopment projects across the Twin Cities.

Differentiator

Problem solved

Functional benefit

Products and services

• The Bowline at Mississippi Crossings A 212-unit upscale multifamily community overlooking the Mississippi River in Champlin, MN, offering resort-style amenities including a heated outdoor pool, private theater, work-from-home suites, and pro-grade fitness facilities.
• The Fox & The Grouse A transit-oriented luxury multifamily development in Eden Prairie's Golden Triangle featuring 237 Phase I units and 188 Phase II units, with smart home features, resort-style amenities, and a rooftop cocktail lounge near the Southwest Light Rail Transit station.
• Aloma A 201-unit luxury multifamily community in Shoreview featuring a year-round golf simulator, outdoor pool and spa, rooftop cocktail lounge, and seasonal curling rink; winner of the 2025 MFE Award in the Garden-Style category.
• The Ensley A luxury 55+ apartment community in Minnetonka offering upscale finishes, open-concept layouts, a fitness and wellness center, and social gathering spaces designed for active adults.
• Minnetonka Memory Care A 40-unit memory care community in Minnetonka featuring studio apartments, specialized dementia care delivered by Ebenezer, therapeutic spaces, a bistro and dining room, and secure outdoor settings near 13 acres of wetlands.
• West St. Paul Redevelopment A $145 million mixed-use redevelopment project in West St. Paul bringing 476 new apartments and townhomes, public park spaces, and neighborhood-serving commercial uses including a restaurant along the Robert Street corridor.
• Woodbury Active Adult Community

Quantifiable outcome

• 5,000+ units delivered with $1B+ development value over 24-year track record
• +4 more outcomes

Named customers2 records

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Nine partnerships are on record, tiered core and minor.

• Swervo Development CorporationcoreStrategic or Co-development Partner · 1 July 2025Development partner on the $140M West St. Paul redevelopment project. Partnership brings 476 new homes, public gathering spaces, and neighborhood-serving commercial uses to the former YMCA site, directly connecting to the River-to-River Greenway.
• EbenezerminorStrategic or Co-development Partner · 1 July 2025Senior care provider delivering specialized dementia care services for the 40-unit Minnetonka memory care community. Residents will receive nutritious meals and enriching daily activities alongside the memory care services.
• Kaas Wilson ArchitectsminorImplementation/ SI/ Consulting Partner · 1 April 2025Bloomington-based architecture firm collaborating with Greco on the design of a proposed 20-unit memory-care facility in Edina at 6016 S. Vernon Ave.
• City of West St. PaulcoreStrategic or Co-development Partner · 1 July 2024Partnership to redevelop the former YMCA site at 150 Thompson Ave. E. into a vibrant community hub with 400+ apartments, townhomes, restaurant, and public amenities along the Robert Street corridor. The $145M project will transform the vacant site into a connected community.
• City of MinnetonkaminorStrategic or Co-development Partner · 1 May 2024City Council approved Greco Properties' senior housing overhaul project at 15407 and 15409 Wayzata Blvd, including 121 independent living units and 40 assisted living/memory care units. Project includes Climate Action and Adaptation Plan commitments.
• ColliersminorChannel Partner/ Reseller/ Distributor · 1 January 2024Facilitated the sale of ElseWarehouse property to Great States Development for $40.25 million. Colliers team included Mox Gunderson, Dan Linnell, Devon Dvorak, and Adam Haydon.
• Eagle Ridge PartnerscoreStrategic or Co-development Partner · 1 October 2023Long-term co-development partner on multiple major projects including The Fox & The Grouse (237 units in Eden Prairie), Aloma (201 units in Shoreview), Loden SV, Emrik SV, and future developments. Eagle Ridge is a managing partner with Greco on transit-oriented developments in the Twin Cities.
• BKV GroupminorImplementation/ SI/ Consulting Partner · 1 October 2023Architecture firm for The Fox & The Grouse development. BKV Group designed Phase II of the Eden Prairie transit-oriented development.
• City of ChamplincoreStrategic or Co-development Partner · 1 October 2020Public-private partnership making Greco the master developer of a 12-acre site in Mississippi Crossings. The partnership includes waterfront pavilion, city park, event center, amphitheater, and public infrastructure including parking and utilities.

Scale indicators13 records

Recent moves7 records

Expansion highlights6 records

Direct peers

• Doran Companies: Minneapolis-based real estate development and construction firm with significant multifamily focus in the Twin Cities. Comparable to Greco as a boutique Twin Cities developer executing similar product types at similar scale, often competing for the same submarket opportunities and capital partners.
• Roers Companies: Minneapolis-area real estate development firm with multifamily, hospitality, and senior living development. Comparable to Greco as a vertically integrated Twin Cities developer pursuing similar asset classes including active adult, and competing in adjacent submarkets.
• Dominium: Plymouth, Minnesota-based apartment development and management company. Comparable to Greco as a Minnesota-based multifamily developer and operator with a similar vertically integrated structure, though focused primarily on affordable housing rather than luxury.
• Shelter Corporation: Long-established Minneapolis-based real estate developer focused on multifamily residential projects. Comparable to Greco as a Twin Cities-focused multifamily developer with similar product positioning and an owner-operator model.
• CSM Corporation: Minneapolis-based real estate investment and development company with a multifamily portfolio. Comparable to Greco as a Twin Cities developer with a mixed portfolio of owned and managed properties targeting similar resident demographics.
• United Properties: Minneapolis-based commercial real estate developer and investor, named as a past partner with Greco on the Sable condominiums project. Comparable as a Twin Cities developer operating in the same market and product segments, including multifamily and mixed-use.

Broad incumbents

• Continental Properties: National multifamily developer and operator with extensive portfolio across multiple markets. Comparable to Greco in multifamily product type and build-to-hold model, though operating at significantly larger scale and broader geographic footprint.
• Trammell Crow Residential: National multifamily developer with extensive portfolio. Comparable to Greco in multifamily development approach and investment strategy, though operating at substantially greater scale across multiple regions and serving as a benchmark for institutional-grade execution.

Others

• JLL Capital Markets: Global real estate investment banking advisor that facilitated Greco's Fox & Grouse construction and refinancing loans. Comparable as a capital markets intermediary serving similar mid-sized developers with debt placement and JV equity sourcing.
• Northmarq: Minneapolis-based commercial real estate capital markets intermediary that arranged Greco's $40M Bowline refinancing. Comparable as a Twin Cities real estate capital partner serving similar mid-sized developers and investors.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

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 Greco