Horizon Real Estate Group

What Horizon Real Estate Group does

Horizon Real Estate Group is a privately held commercial real estate brokerage headquartered at 102 Broadway N. #202 in Fargo, North Dakota. The firm operates with approximately 10 licensed real estate professionals and provides sales, leasing, and advisory services across retail, office, industrial, multifamily, land, and business-sale property types. Its service model is organized around four representation roles: landlord, tenant, seller, and buyer representation, allowing the firm to advise on both sides of commercial transactions in the North Dakota and Minnesota markets.

The company generates revenue through traditional brokerage commissions on commercial real estate transactions, with fees negotiated per deal rather than through any publicly disclosed pricing schedule. Beyond core brokerage, Horizon maintains an affiliate relationship with Dakota REIT that enables it to facilitate tax-deferred (1031) real estate exchanges for clients. The firm does not operate a proprietary technology platform; its competitive positioning rests on credentials held by its team (CCIM, CPM designations), local market knowledge, and personal relationships built by long-tenured agents and a fourth-generation Fargo real estate entrepreneur serving as President.

Horizon's customer base consists primarily of commercial property buyers and investors, tenants seeking retail/office/industrial space, and commercial property sellers and landlords in the Upper Midwest. Notable disclosed engagements include the representation of Sterling Development Group in the $8.5 million sale of the historic Ford building in downtown Fargo and ongoing landlord representation in that same mixed-use asset for tenants such as Marsh & McLennan (parent of Dawson Insurance). The firm is independently owned with no institutional or private equity backing identified in available materials.

Name

Horizon Real Estate Group

Legal name

Horizon Real Estate Group, LLC

Website

https://horizonfargo.com

Company type

Private

Founded year

2014

Operating status

Operating

Headcount range

1–10 employees

Short description

Horizon Real Estate Group is a privately held commercial real estate brokerage in Fargo, North Dakota, serving buyers, sellers, landlords, and tenants across retail, office, industrial, multifamily, and land transactions in the North Dakota and Minnesota markets.

Ownership category

akta.pro rank

Product category

Commercial Real Estate Brokerage

NAICS

Offices of Real Estate Agents and Brokers (5312)

SIC

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

akta.pro primary industry

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

akta.pro secondary industry

Land & Development Site Brokerage (BPAJABAG)

Keywords

• Commercial real estate brokerage
• Commercial property sales leasing
• Tenant landlord representation
• Buyer seller representation
• Tax-deferred exchange services

Headquarters

HQ city

Fargo

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Infrastructure, Others

Revenue model

1. Commercial Real Estate Brokerage: Traditional brokerage model generating revenue through commissions on commercial real estate transactions including sales, purchases, and leases of retail, office, industrial, multifamily, land, and business properties.
2. Tax-Deferred Exchange Services: Assists clients with tax-deferred real estate transactions through affiliate Dakota REIT.

Go-to-market motion2 records

Distribution channels1 record

Marketing channels4 records

Core offering

Horizon Real Estate Group is a commercial real estate brokerage based in Fargo, North Dakota, providing sales and leasing services for retail, office, industrial, multifamily, land, and business properties. The firm delivers landlord, tenant, seller, and buyer representation across the North Dakota and Minnesota markets, and offers tax-deferred real estate exchange services through its affiliate Dakota REIT.

Product overview

Horizon Real Estate Group offers a comprehensive suite of commercial real estate brokerage services through its core representation services: Landlord Representation, Tenant Representation, Seller Representation, and Buyer Representation. The company specializes across multiple property types including Retail, Office, Industrial, Multifamily, Land, and Business Sales. Through its affiliate Dakota REIT, the company also provides tax-deferred exchange services. This integrated approach allows the company to serve as a full-service commercial brokerage covering the complete real estate transaction lifecycle for clients in North Dakota and surrounding areas.

Differentiator

Problem solved

Functional benefit

Products and services

• Landlord Representation
• Tenant Representation
• Seller Representation
• Buyer Representation
• Tax-Deferred Exchange Services

Quantifiable outcome

• Successfully closed office, retail, industrial, development land and multifamily properties in North Dakota and Minnesota

Named customers2 records

Segments4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Two partnerships are on record, tiered core.

• Sterling Development GroupcoreGTM or Marketing Partner · 16 October 2024Horizon Real Estate Group represented Sterling Development Group in the sale of the landmark Ford building at 505 Broadway North in downtown Fargo. Sterling had owned the building since 2004 and completed the remodel into its current multi-tenant/mixed use configuration.
• Dakota REITcoreStrategic or Co-development PartnerDakota REIT is an affiliate that enables Horizon Real Estate Group to assist clients with tax-deferred real estate transactions. Through this partnership, the door is opened for sellers to conduct tax-deferred exchanges.

Scale indicators3 records

Recent moves5 records

Expansion highlights4 records

Broad incumbents

• Colliers International: Global commercial real estate services firm providing brokerage, valuation, and advisory across all major property types. Competes with Horizon on investment sales and tenant representation in the region.
• CBRE Group: Largest global commercial real estate services firm offering investment sales, leasing, and advisory across all property types. Operates in the Upper Midwest and competes with Horizon for larger institutional mandates.
• Cushman & Wakefield: Global commercial real estate services firm with capital markets, leasing, and advisory capabilities. National platform competes with Horizon for institutional clients in the broader Midwest region.
• Marcus & Millichap: National commercial real estate investment sales firm specializing in multifamily, retail, office, and industrial investment properties. Competes with Horizon for commercial investment property listings and buyer representation.
• Newmark Group: Global commercial real estate advisory firm offering capital markets, leasing, and valuation services. Competes with Horizon for larger institutional assignments and corporate tenant representation mandates.
• JLL (Jones Lang LaSalle): Global real estate services and investment management firm offering brokerage, property management, and advisory. Competitor for larger commercial mandates and institutional capital in the Midwest.

Direct peers

• NAI North Central: Regional commercial real estate firm in the Fargo/North Dakota market providing brokerage, property management, and advisory services. Competes directly with Horizon for retail, office, and industrial mandates.
• Goldmark Commercial: Commercial real estate brokerage in Fargo-Moorhead where Horizon's President David Schlossman previously spent nearly a decade. Direct competitor in the same regional market with overlapping product types and client base.
• SVN International: Commercial real estate brokerage franchisor with regional offices in the Midwest. Provides similar retail, office, industrial, and multifamily brokerage services to Horizon with a relationship-based model.
• Coldwell Banker Commercial Real Estate: National commercial brokerage franchise with a Fargo office where Horizon's Mark Richman worked from 1988-2010. Direct competitor for commercial listings, tenant rep, and investment sales in the same geography.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat3 records

Key risks6 records

Key highlights5 records

Customer concentration

• Facebookfacebook.com/horizonrealestategroup
• LinkedInlinkedin.com/company/horizonfargo

Revenue estimate

Valuation estimate

Number of profiles

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 Horizon Real Estate Group