What PF Properties does

PF Properties is a privately held, family-owned real estate company operating in the Twin Cities metropolitan area of Minnesota since 1948 (originally incorporated as Cambridge Apartments, Inc.). The company owns and operates a dual-portfolio real estate business comprising 17+ commercial properties (office, warehouse, industrial, and retail spaces totaling an estimated 650K+ square feet) and 6+ residential apartment communities (272+ units) across suburban and rural Minnesota markets including Golden Valley, Plymouth, Edina, Eden Prairie, Coon Rapids, Wayzata, Champlin, Chanhassen, Ham Lake, Willmar, and Mankato. The residential portfolio spans 55+ active adult communities (Majestic Greens, Sterling Manor), multi-age apartment buildings (Sterling Court, Valley Creek West), and upscale urban residences (M2 Lofts), with modern amenity upgrades including fiber-optic internet, keyless entry, and individual climate control.

The company's commercial properties are leased through third-party brokerage partnerships with major firms including Cushman Wakefield, Colliers International, Newmark Knight Frank, and Christianson & Company, while residential units are leased directly to tenants via the company website and property-specific websites with on-site property management. Revenue is generated through recurring monthly rental income on both commercial and residential leases, with commercial pricing quoted in private transactions and residential units requiring tenant income at 3x monthly rent. The company positions itself as a locally responsive alternative to large commercial real estate firms, emphasizing direct access to owners, flexible requirements for small and startup businesses, and long-term tenant retention. Operations are supported by a lean team of 11-50 employees.

Name

PF Properties

Legal name

Cambridge Apartments, Inc.

Website

https://pfpropertiesmn.com

Company type

Private

Founded year

1948

Operating status

Operating

Headcount range

11–50 employees

Short description

PF Properties is a family-owned real estate company operating since 1948 in the Twin Cities metro area, owning and managing 17+ commercial properties and 6+ residential apartment communities (272+ units) across Minnesota, serving small businesses, startups, and residential tenants including 55+ adults.

Ownership category

akta.pro rank

Product category

Real Estate Property Management

NAICS

Residential Property Managers (531311), Lessors of Residential Buildings and Dwellings (53111), Lessors of Nonresidential Buildings (except Miniwarehouses) (53112), Lessors of Real Estate (5311)

SIC

Operators Of Nonresidential Buildings (6512), Lessors Of Real Property, Nec (6519), Real Estate Agents & Managers (For Others) (6531)

akta.pro primary industry

Multifamily Apartment Property Management (BPAJAFAA)

Keywords

• Commercial property leasing
• Residential apartment rentals
• Property management services
• Commercial real estate
• Multi-family housing

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, Operations, Marketing or Sales, Infrastructure

Revenue model

1. Commercial Property Rentals: Revenue from leasing office, warehouse, retail, and industrial spaces across multiple properties in the Twin Cities metro area. Commercial tenants include small businesses, startups, and established companies.
2. Residential Apartment Rentals: Revenue from multi-family residential properties including 55+ communities, suburban apartments, and rural living options. Monthly rental income with terms typically 6 or 12 months.

Pricing tiers

Go-to-market motion2 records

Distribution channels2 records

Marketing channels4 records

Core offering

PF Properties owns and operates a portfolio of 17+ commercial properties (office, warehouse, industrial, and retail buildings) and 6+ residential apartment communities (272+ units) across the Twin Cities metropolitan area of Minnesota. The company leases commercial space to businesses (often through third-party broker partnerships) and residential apartments directly to tenants under recurring monthly agreements, providing on-site management, maintenance, and modern amenities.

Product overview

PF Properties operates a dual-portfolio real estate business comprising Commercial Properties and Apartment Communities. The commercial portfolio includes 17 office, warehouse, industrial, and retail properties across the Twin Cities metropolitan area (Golden Valley, Plymouth, Coon Rapids, Eden Prairie, Edina, Wayzata, and Champlin), managed by third-party commercial brokers including Cushman Wakefield, Colliers International, and Newmark Knight Frank. The residential portfolio includes 5 apartment communities offering 232 total units, including 55+ senior communities (Majestic Greens, Sterling Manor), multi-age buildings (Sterling Court), and upscale urban lofts (M2 Lofts) across suburban and rural Minnesota locations.

Differentiator

Problem solved

Functional benefit

Products and services

• Commercial Properties Portfolio Portfolio of 17 office, warehouse, industrial, and retail properties across the Twin Cities metropolitan area (Plymouth, Golden Valley, Edina, Coon Rapids, Eden Prairie, Wayzata, Champlin, Chanhassen) leased to commercial tenants via third-party brokers including Cushman & Wakefield, Colliers International, and Newmark Knight Frank.
• Westview Business Center Office/warehouse facility at 622-700 Mendelssohn Ave, Golden Valley, MN. 122,346 sf building built in 1982, with convenient access to Hwy 55 & 169, extensive parking, loading dock and drive-in access.
• Plymouth Tech I Office/warehouse building at 5005 Cheshire Lane North, Plymouth, MN, featuring 14' clear height and a professional image.
• Plymouth Tech II Contemporary office building at 5025 Cheshire Lane North, Plymouth, MN, featuring lots of glass, natural light, and easy access to I-494.
• Plymouth Tech III Office/warehouse at 5015 Cheshire Lane North, Plymouth, MN. 26,186 sf building built in 1997 with great glass line, east access to I-494, dock and drive-in access, extensive electrical power, and back-up generator.
• Parkers Lake Business Center Office/warehouse at 15000-15098 23rd Avenue North, Plymouth, MN. 38,785 sf building built in 1987, featuring extensive glass line, dock and drive-in access, easy access to Hwy 55, Cty Rd 6 and Interstate 494.
• Decatur Industrial building at 905-965 Decatur Ave N, Golden Valley, MN. 105,546 sf building built in 1969, featuring loading dock and drive-in, 19' clear height, easy access to Hwy 55, 169, 394, and large showroom space.
• Cottonwood Business Center Office/warehouse at 8560 Cottonwood St NW, Coon Rapids, MN. 49,500 sf building built in 1996 & 2007, featuring excellent corporate image and docks and drive-in access.
• Westwood Office/warehouse at 6253 Bury Drive, Eden Prairie, MN. 51,940 sf building built in 1987, featuring easy access to Hwy 62 & 494 and excellent corporate image.
• Lincoln Drive East Industrial building at 5700 Lincoln Drive, Edina, MN. 66,958 sf building built in 1971, featuring convenient access to Hwy 169 & 62, 18' clear height, critical 'last mile' location, and 100% air conditioned.
• Lincoln Drive West Industrial building at 5732 Lincoln Drive, Edina, MN. 62,851 sf building built in 1971, featuring convenient access to Hwy 169 & 62 and excellent visibility from Hwy 169.
• Valley Square Office building at 7575 Golden Valley Road, Golden Valley, MN. 37,090 sf building built in 1980, featuring 3 floors, surface parking, conference room, vended break room, monument signage, across from post office and retail center.
• Wayzata Blvd Retail and professional office building at 1200 Wayzata Blvd E, Wayzata, MN. 9,614 sf building built in 2008, featuring drive-thru and award-winning architecture.
• Elm Creek Professional office building at 11190-11200 Commerce Dr, Champlin, MN. 8,250 sf building built in 2001, featuring great Hwy 169 visibility, professional office setting, and excellent glass line.
• Chanhassen Ridge Professional retail/office building at 2635-2655 W. 78th St, Chanhassen, MN. 14,900 sf building built in 2005, featuring easy access to Hwy 5.
• Goodwill (Champlin) Single-tenant retail building in Champlin, MN. 20,600 sf building built in 2011, with great visibility on Hwy 169 & 610, currently occupied by Goodwill.
• Apartment Communities Portfolio Residential apartment portfolio across suburban and rural Minnesota including 55+ active adult communities, market-rate apartments, and upscale urban lofts, totaling 272+ units managed by on-site property managers.
• M2 Lofts

Quantifiable outcome

• 75+ years in business
• +1 more outcomes

Named customers4 records

Segments5 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Seven partnerships are on record, tiered core and minor.

• Cushman WakefieldcoreChannel Partner/ Reseller/ DistributorMajor commercial real estate brokerage representing PF Properties for multiple industrial/office properties including Westview Business Center and Plymouth Tech I/II/III parks. Cushman Wakefield handles leasing for these properties with dedicated broker contacts.
• Colliers InternationalcoreChannel Partner/ Reseller/ DistributorCommercial real estate brokerage representing PF Properties for Valley Square, Decatur, Westwood, Lincoln Drive East/West, and Wayzata Blvd properties. Multiple broker contacts assigned across these properties.
• Newmark Knight FrankminorChannel Partner/ Reseller/ DistributorCommercial real estate brokerage representing PF Properties for Cottonwood Business Center in Coon Rapids.
• Christianson & CompanyminorChannel Partner/ Reseller/ DistributorReal estate brokerage representing PF Properties for Chanhassen Ridge commercial property.
• Mayo Clinic Health SystemminorStrategic or Co-development PartnerM2 Lofts residential community is located across the street from Mayo Clinic Health System Hospital & Specialty Clinic in Mankato, creating a healthcare-accessible housing option for medical professionals and patients' families.
• Bethany Lutheran CollegeminorStrategic or Co-development PartnerM2 Lofts located two blocks from Bethany Lutheran College, providing convenient housing options for students, faculty, and staff.
• Highland Management GroupcoreChannel Partner/ Reseller/ DistributorThird-party property management company handling leasing and management for Valley Creek West Apartments in Golden Valley.

Scale indicators4 records

Recent moves5 records

Expansion highlights3 records

Broad incumbents

• Cushman & Wakefield: Global commercial real estate services firm that acts as a leasing broker for PF Properties' commercial portfolio. Comparable as a broader incumbent in the commercial real estate space PF Properties operates in, though at vastly larger scale.
• Newmark Knight Frank: Global commercial real estate advisory firm representing PF Properties for Cottonwood Business Center. Comparable as a broader incumbent in commercial real estate brokerage and advisory.
• Colliers International: Global commercial real estate brokerage and advisory firm representing PF Properties for multiple commercial properties. Comparable as a broader incumbent in commercial real estate brokerage and asset management.

Direct peers

• The Excelsior Group: Minneapolis-based real estate investment and management company operating multifamily and commercial properties in the Twin Cities region. Comparable as a regional owner-operator with a similar mix of residential and commercial assets.
• Greco Properties: Minneapolis-based real estate company managing residential and commercial properties in the Twin Cities metro. Comparable as a locally-owned real estate operator with similar multifamily and commercial asset mix.
• Dominium: Plymouth, MN-based apartment development and management company with a large Twin Cities multifamily portfolio. Comparable as a Minnesota-focused multifamily owner-operator, though larger and more institutionally capitalized.
• Shelter Corporation: Minnesota-based developer and operator of multifamily housing, including market-rate and senior housing communities. Comparable on residential property management and the 55+ senior housing segment where PF Properties operates (Majestic Greens, Sterling Manor).
• Bigos Management: Minnesota-based family-owned multifamily operator with a portfolio of apartment communities across the Twin Cities metro. Directly comparable as a regional, locally-owned multifamily property manager with similar tenant orientation.

Regional players

• Edward Rose & Sons: Family-owned multifamily operator headquartered in Michigan with a significant Midwest multifamily portfolio. Comparable as a family-owned multifamily operator in the broader Midwest, though with a different geographic footprint.
• Marquette Management: Midwest-based multifamily property management company operating apartment communities across the Midwest. Comparable as a regional multifamily operator with similar property management focus, though outside Minnesota.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat3 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/pf-properties

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 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 PF Properties