Gundaker Commercial Group, Inc.

What Gundaker Commercial Group, Inc. does

Gundaker Commercial Group, Inc. (GCG) is a privately held, founder-led full-service commercial real estate firm headquartered at 55 Westport Plaza Drive, Suite 200, St. Louis, Missouri. Established in 1996 by Gordon A. Gundaker as the commercial arm of the broader Gundaker real estate business (Gundaker Realtors was founded in 1968 and sold to NRT, Inc. / Coldwell Banker in 2001), GCG operates through three coordinated service divisions: Brokerage (sales, leasing, and tenant/buyer representation across Office, Retail, Industrial, Health Care, Investment, Land, Institutional, and Multi-Family specialty groups), Asset Management (commercial, multi-family, and LIHTC/tax-credit property management plus a managed portfolio spanning six multi-family communities and multiple commercial properties), and Corporate Services (accounting, MHDC/HUD cost certification, escrow management, and tax preparation for owned and third-party entities). The firm claims market leadership in land sales across the St. Louis region, Southwestern Illinois, and out-state Missouri, and serves enterprise and mid-market clients including MetLife Real Estate Investments, Trizec Properties, U.S. Bank, Dierbergs Markets, UMB Bank, Brown & Brown, and Barry-Wehmiller.

GCG's business model is fee-based and relationship-driven. Revenue is generated through (i) brokerage commissions on transactions (sales, leasing, tenant/buyer representation, and investment disposition/acquisition — illustrated by the 2025 CoStar Impact Award-winning 78,000 SF Hummert International industrial sale/acquisition), (ii) recurring property-management fees across commercial and LIHTC multi-family assets with 24/7 emergency response, (iii) tax-credit and HUD/MHDC compliance management fees, and (iv) corporate accounting and tax services. Pricing is quote-based and negotiated per engagement; no published rate cards exist. Distribution is entirely direct and advisor-led within the St. Louis Metropolitan area, outstate Missouri, and Illinois, supported by quarterly market reports, downloadable service brochures, professional-association participation (CCIM, CREW, ICSC, NAR, SIOR, BOMA, NAA, ULI, IREM, SLAR), and repeat-client referrals.

The firm has no proprietary technology platform and discloses no AI/ML capabilities; it relies on industry-standard tools such as CoStar for market intelligence and RentCafe (Yardi) for tenant rent payment. With ~18 listed employees across the three divisions and no disclosed revenue, AUM, or transaction volume aggregates, GCG operates as a regional full-service CRE platform anchored by long-tenured advisors (e.g., SVP David Morris, CCIM/SIOR, with 38+ years and $1B+ in career transactions; VP Michael Roberts Jr., Esq., with $500M+ in transaction volume). In December 2025 the firm launched a unified 'Gundaker Commercial Group Real Estate Solutions' brand positioning, and leadership changes in 2025 (e.g., Carmelo Desemone's election to the St. Louis Commercial REALTORS Board and Kathleen Murphy's appointment to Business Development / Commercial Asset Manager) signal continued investment in origination and integrated service delivery.

Name

Gundaker Commercial Group, Inc.

Legal name

Gundaker Commercial Group, Inc.

Website

https://gundakercommercial.com

Company type

Private

Founded year

1996

Operating status

Operating

Headcount range

11–50 employees

Short description

Gundaker Commercial Group is a privately held, founder-led full-service commercial real estate firm in St. Louis, Missouri, serving the St. Louis Metro, outstate Missouri, and Illinois through three integrated divisions — Brokerage, Asset Management, and Corporate Services — for owners, investors, and institutions.

Ownership category

akta.pro rank

Product category

Commercial Real Estate Services

NAICS

Offices of Real Estate Agents and Brokers (53121)

SIC

Real Estate Agents & Managers (For Others) (6531)

akta.pro primary industry

Commercial Real Estate Brokerage (Leasing & Sales) (FSAEAJAB)

akta.pro secondary industry

Tenant Representation & Corporate Services Brokerage (BPAJABAJ)

Keywords

• Commercial real estate brokerage
• Commercial property management
• Asset management services
• Commercial real estate leasing
• Investment property sales

Headquarters

HQ city

St Louis

HQ country

United States

HQ region

North America

Offices5 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Brokerage Commissions: Traditional commercial brokerage services including sales, leasing, tenant/buyer representation, and strategic marketing across office, retail, industrial, healthcare, investment, land, institutional, and multi-family segments. Commission-based revenue tied to transactions (e.g., Hummert International 78,000 SF industrial sale/acquisition).
2. Commercial Property Management Fees: Recurring asset management fees for commercial properties including office, medical, retail, and industrial. Services span budget development, property operations, lease administration, maintenance, tenant communications, real estate tax appeals, insurance management, due diligence, and 24/7 emergency response.
3. Multi-Family Property Management Fees: Third-party multi-family management services including marketing, maintenance, janitorial, groundskeeping, revenue procurement, annual budget preparation, market analysis, resident retention, preventative maintenance, and Fair Housing compliance. Specialization in both LIHTC and market-rate complexes.
4. Tax Credit Management Fees: Specialized tax credit property management including certified onsite staff, compliance monitoring, quarterly/annual state and syndicator reporting, physical site inspections, and implementation of state agency guidelines for LIHTC multi-family properties.
5. Corporate/Accounting Services Fees: Accounting services for owned and third-party entities: monthly/annual financial reporting, individual/corporate/partnership tax returns, bookkeeping/payables, third-party disbursing, budget preparation, MHDC/HUD cost certification, and escrow management with municipalities.

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels6 records

Core offering

Gundaker Commercial Group is a full-service commercial real estate firm providing brokerage, asset/property management, and corporate accounting services across the St. Louis Metropolitan area, outstate Missouri, and Illinois. Its Brokerage Division delivers sales, leasing, and tenant/buyer representation through eight specialty groups (Office, Retail, Industrial, Health Care, Investment, Land, Institutional, Multi-Family). The Asset Management Division manages commercial, multi-family, and tax credit (LIHTC) properties. The Corporate Services Division provides accounting, tax, bookkeeping, MHDC/HUD cost certification, and escrow management.

Product overview

Gundaker Commercial Group, Inc. (GCG) is a full-service commercial real estate company operating as a unified three-division platform: the Brokerage Division, the Asset Management Division, and the Corporate Services Division. The Brokerage Division provides traditional sales, leasing, and tenant/buyer representation across eight specialized groups (Office, Retail, Industrial, Health Care, Investment, Land, Institutional, and Multi-Family). The Asset Management Division provides Commercial Property Management, Multi-Family Property Management, and Tax Credit Property Management services, plus Historic Rehabilitation Landlord/Master Lease Accounting. The Corporate Services Division provides Accounting Services (budgeting, loan coordination, financial reporting, tax returns, MHDC/HUD cost certification). All three divisions work together to take any real estate need from concept to completion, including a managed property portfolio spanning multi-family residential communities and commercial properties.

Differentiator

Problem solved

Functional benefit

Brands

• Brokerage Division: Traditional commercial real estate brokerage including sales, leasing, tenant/buyer representation, and strategic marketing across office, retail, industrial, health care, investment, land, institutional, and multi-family sectors.
• Asset Management Division
• Corporate Services Division

Products and services

• Brokerage Division Provides all traditional commercial real estate brokerage services, including sales, leasing, tenant/buyer representation, and strategic marketing across Office, Retail, Industrial, Health Care, Investment, Land, Institutional, and Multi-Family sectors.
• Asset Management Division Provides management services for commercial, multi-family, and tax credit properties, including Commercial Property Management, Multi-Family Property Management, Tax Credit Property Management, and Historic Rehabilitation Landlord/Master Lease Accounting.
• Corporate Services Division Provides accounting services including budgeting, loan coordination, monthly/annual financial reporting, tax returns, bookkeeping/payables, third-party disbursing, MHDC/HUD cost certification, escrow establishment with municipalities, and financial information for multi-family, senior, and low-income housing tax credit programs.
• Office Brokerage Group Provides seller/landlord and buyer/tenant brokerage services for office properties, helping clients address short- and long-term real estate needs with objective market information and evaluations.
• Retail Brokerage Group Helps retail users find suitable space by leveraging retail market trends, demographic profiles, and market studies to ensure the best possible space at the right price.
• Industrial Brokerage Group Handles building acquisition and sale, leasing, tenant representation, land acquisition/sale, and financial repositioning through sale/leasebacks for industrial property, with specialties in bulk warehouse, distribution/logistics, manufacturing, warehousing, and service center space.
• Health Care Brokerage Group Specializes in leasing of health care related properties with a 'Physicians First' philosophy, providing regional/local knowledge and expertise to help medical practices find the right space and negotiate favorable terms.
• Investment Services Group Provides disposition and acquisition services for investment properties, including financial analysis, market opinion of value, exit strategy development, and leasing/management programs to enhance net worth and occupancy.
• Land Brokerage Group The market leader in the St. Louis region for land sales, providing expertise in planning and directing new real estate developments, including zoning/land/development consultation, governmental regulatory process advisory, comparable sale analysis, and annexation consultation.
• Institutional Brokerage Group Lists and sells religious facilities, schools, and other special-use institutional properties requiring unique skills, experience, and knowledge in analysis and sales of special-use real estate.
• Multi-Family Brokerage Group Offers listing, sale, and management services for multifamily investment properties, specializing in both LIHTC and market-rate complexes; guides sellers and purchasers through contract preparation, due diligence, and closing.
• Commercial Property Management Provides management services for commercial properties including office, medical, retail, and industrial, encompassing budget development, property operations/maintenance, lease administration, vendor contract negotiation, tenant communications, real estate tax appeals, insurance management, and 24/7 emergency response.
• Multi-Family Property Management Provides specialized residential portfolio management, overseeing daily operations including marketing, maintenance, janitorial, groundskeeping, and revenue procurement, along with annual budget preparation, market analysis, resident retention, preventative maintenance, and Fair Housing compliance.
• Tax Credit Property Management Manages specialized tax credit properties in the multi-family market, including certification for onsite management staff, quarterly and annual compliance monitoring, reporting to state and syndicators, regular physical site inspections, and implementation of state agency guidelines.
• Accounting Services Provides monthly/annual financial reporting, individual/corporate/partnership tax returns, bookkeeping services/payables, third-party disbursing, budget preparation, and MHDC/HUD cost certification for real estate clients.
• Multi-Family Asset Management Portfolio Portfolio of managed multi-family properties including Alton Pointe, Brookside Village Apartments, Stratford Commons, Stratford Manor, Villas at Peruque, and Wingate Manor.
• Commercial Asset Management Portfolio Portfolio of managed commercial properties including retail properties (Bridgeton Center, St. Johns Crossing), office properties (Chesterfield Professional Park), and residential (Homestead Homeowners Association).

Quantifiable outcome

• 78,000 SF industrial sale/acquisition for Hummert International recognized as 2025 Sale/Acquisition of the Year CoStar Impact Award winner
• +4 more outcomes

Named customers19 records

Segments8 records

Ideal customer profiles8 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration1 record

Partnerships

15 partnerships are on record, tiered core and minor.

• Certified Commercial Investment Members (CCIM)coreOthersCCG is an active member of CCIM. The firm maintains a Professional Affiliation with the Certified Commercial Investment Members (CCIM) Institute, the leading commercial real estate global trade association. Multiple GCG advisors hold the CCIM designation (e.g., David Morris, CCIM).
• Commercial Real Estate Women (CREW)coreOthersGCG lists CREW (Commercial Real Estate Women) as one of its Professional Affiliations within the Corporate Services Division, supporting industry networking and CREW STL (http://www.crewstl.org/).
• International Council of Shopping Centers (ICSC)coreOthersGCG maintains a Professional Affiliation with the International Council of Shopping Centers (ICSC) and supports its Retail Group and Asset Management divisions through ICSC membership.
• National Association of Realtors – Commercial (NAR)coreOthersGCG is affiliated with the National Association of Realtors – Commercial (NAR). Gordon Gundaker is a National Association of REALTORS member and past Director of the St. Louis and Missouri Associations of Realtors; Michael Roberts Jr. is a NAR Certified Commercial Real Estate Instructor.
• St. Louis Association of Realtors (SLAR)coreOthersGCG is affiliated with the St. Louis Association of Realtors. Multiple GCG professionals have served in leadership roles across SLAR and St. Louis Commercial REALTORS. David Morris served as St. Louis Realtors Commercial President.
• Urban Land Institute (ULI)coreOthersGCG lists the Urban Land Institute (ULI) as a professional affiliation supporting its Brokerage Division.
• Society of Industrial and Office Realtors (SIOR)coreOthersGCG lists SIOR as a professional affiliation supporting its Brokerage Division. David Morris holds the SIOR designation (SIOR St. Louis Chapter Past President) — fewer than 0.5% of Realtors nationwide hold both CCIM and SIOR.
• Building Owners & Managers Association (BOMA)coreOthersGCG maintains a Professional Affiliation with BOMA (Building Owners & Managers Association), supporting its Asset Management division in commercial property management.
• National Apartment Association (NAA)coreOthersGCG is affiliated with the National Apartment Association (NAA) and its Multi-Family Asset Management division.
• St. Louis Apartment Association (SLAA)coreOthersGCG maintains a Professional Affiliation with the St. Louis Apartment Association (SLAA), supporting its multi-family property management and tax credit management services.
• Institute of Real Estate Management (IREM)coreOthersGCG maintains a Professional Affiliation with the Institute of Real Estate Management (IREM), supporting its Asset Management division.
• St. Louis Commercial REALTORS®coreOthersGCG professionals are active in St. Louis Commercial REALTORS: Carmelo (Mel) Desemone was elected to the Board of Directors (April 2025) and serves on Missouri Realtors Commercial Forms Committee; Michael Roberts Jr. served as 2022 President and is a Heavy Hitters Award recipient; David Morris served as President.
• CoStar GroupcoreStrategic or Co-development PartnerGCG participates in CoStar Group's CoStar Impact Awards program, which recognizes exemplary commercial real estate transactions. GCG-facilitated transactions have been recognized in 2024 (Q1 2024 CoStar PowerBroker — Jim Alexander) and 2025 (Hummert International 78,000 SF sale/acquisition). CoStar is also a market intelligence source for GCG's quarterly market reports.
• Coldwell Banker / NRT, Inc. (historical)minorStrategic or Co-development PartnerHistorical relationship: In 2001, Gordon Gundaker sold his residential real estate business (Gundaker Realtors) to NRT, Inc., the parent company of Coldwell Banker. Gundaker Realtors was previously the largest real estate sales organization in St. Louis history and the seventh-largest independently owned residential real estate company in the U.S. by 1999. Bill Devers served as VP at Coldwell Banker Gundaker and Gundaker Realtors until March 2009.
• Various LLC partnerships (GHL Properties, GHH Investments, Gunna Development, LAD Properties, Marketcenter, etc.)coreStrategic or Co-development PartnerGCG has historically partnered with multiple internal/affiliated LLC entities on development and ownership projects including: GHL Properties LLC (multi-family such as Charbonier Manor, Lackland Plaza, Hanley Crossings, Oak Tree, Stratford Commons); GHH Investments LLC (Arbor Chase, Chesterfield Business Park, Clayton Corners, etc.); Gunna Development LLC (Mid Rivers Industrial); LAD Properties LLC (Glen Meadows, Crimson Oaks, Peine Senior/Commercial Development, Woodlands at Bear Creek); Marketcenter LLC (Highway K Retail, Weatherby Place, Peruque Hills Estates); and miscellaneous joint ventures (Beacon Pointe LLC, Big River Land Company, Eathertone Road Joint Venture, Eureka Meramec LLC, Parkway Center, etc.).

Scale indicators7 records

Recent moves5 records

Expansion highlights4 records

Direct peers

• NAI Global: Global CRE services network of independently owned brokerages providing brokerage and property management across office, retail, industrial, multi-family, and land — a model and service mix closely paralleling Gundaker's three-division platform.
• Hilliker Corporation: St. Louis–based, independently owned commercial real estate firm offering brokerage and property management across office, retail, industrial, multi-family, and land. Closest direct peer to Gundaker Commercial in size, geography, and full-service, relationship-driven model.
• SVN International (Commercial Real Estate): Cooperative CRE services franchise with regional advisor offices providing brokerage, property management, and investment sales across all major asset classes. Closely comparable to Gundaker in mid-market full-service brokerage model and advisor-led delivery.
• Balke Brown Associates: St. Louis–based full-service commercial real estate firm providing brokerage, property management, and development services across office, retail, industrial, and investment properties. Directly comparable regional peer with similar full-service platform.

Broad incumbents

• JLL (Jones Lang LaSalle): Global CRE services platform with mid-market brokerage, capital markets, and property management capabilities in the St. Louis region. Comparable to GCG's institutional leasing/investment sales and asset management businesses.
• Newmark Group: Publicly traded CRE services firm offering leasing, investment sales, and property management across U.S. markets including the Midwest. Comparable full-service platform competing for institutional and corporate mandates similar to those GCG handles.
• Colliers International: Global CRE services firm offering brokerage, valuation, and project management with regional U.S. presence. Competes with Gundaker for office, industrial, and investment transactions in the Midwest market.
• CBRE (St. Louis): World's largest commercial real estate services firm with a St. Louis office covering brokerage, property management, valuation, and investment sales across the same asset classes GCG covers. Overlaps significantly with Gundaker's institutional client work (e.g., MetLife, U.S. Bank mandates).
• Cushman & Wakefield (St. Louis): Global full-service CRE firm with a sizable St. Louis office providing brokerage, valuation, asset management, and advisory services. Comparable because it competes for the same institutional and regional mandates in the St. Louis market that Gundaker serves.

Emerging players

• Marcus & Millichap: CRE investment sales brokerage specializing in commercial investment real estate transactions, including multi-family, retail, office, and self-storage. Comparable to GCG's Investment Services and Multi-Family brokerage groups, with stronger investment sales specialization.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/gundaker-commercial-group

Revenue estimate

Valuation estimate

Number of profiles

Profiles12 records

Subsidiaries7 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 Gundaker Commercial Group, Inc.