What Elevated Property Company does

Elevated Property Company, LLC is a privately-held commercial real estate development firm headquartered in Salt Lake City, Utah, that develops retail and mixed-use properties across the Intermountain West and adjacent states. The firm was founded by Fred Bruning, Sean Dennison, Chris Byers, and Gary Hall, all former senior executives of CenterCal Properties, and operates in partnership with Ball Ventures and Ball Ventures Ahlquist as its investment partners. Its active portfolio includes four projects: The Paseo (St. George, UT), The Commons at Herriman Towne Center (Herriman, UT), The Village at Pioneer Crossing (Kansas City, MO), and The Shops at Broadmoor (Pasco, WA), plus a strategic Merchandising and Tenant Curation Services offering intended to balance national brands with local concepts.

The company employs a five-person core team covering leasing, construction, development, and operations, and manages all leasing, tenant relations, and property management functions internally. Its go-to-market is direct enterprise leasing to national retailers and local tenants, supported by a website with project brochures and a LinkedIn presence. Pricing is not publicly disclosed and is quote-based; revenue is generated through developer fees, asset management fees, and equity participation, with capital mobilization occurring through its Ball Ventures partnerships.

The firm has no proprietary technology product, no mobile or web application, and no AI/ML capabilities. Its competitive positioning is grounded in the founders' track record of delivering award-winning large-scale mixed-use projects, deep relationships with premier national retailers (Trader Joe's, Target, Nordstrom Rack, Lululemon, Cinemark, Sephora, among others), and formal partnerships with a nationally renowned placemaking architecture firm and well-capitalized regional investors. The firm does not disclose revenue, funding, or valuation.

Name

Elevated Property Company

Legal name

Elevated Property Company, LLC

Website

https://elevatedpropertyco.com

Company type

Private

Operating status

Operating

Headcount range

1–10 employees

Short description

Elevated Property Company is a privately-held commercial real estate developer based in Salt Lake City, Utah that builds retail and mixed-use properties across the Intermountain West, serving national retailers, investors, and local municipalities.

Ownership category

akta.pro rank

Headquarters

HQ city

Salt Lake City

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Marketing or Sales, Others

Distribution channels1 record

Marketing channels2 records

Core offering

Elevated Property Company is a commercial real estate development firm that develops, leases, and manages premier retail and mixed-use properties in the Intermountain West. The company's portfolio includes four active development projects—The Paseo, The Commons at Herriman Towne Center, The Village at Pioneer Crossing, and The Shops at Broadmoor—alongside strategic merchandising and tenant curation services that balance national brands with local concepts to create experience-driven retail environments.

Product overview

Elevated Property Company operates as a commercial real estate development firm specializing in retail and mixed-use properties across the Intermountain West. Their portfolio includes four active development projects: The Paseo (St. George, UT), The Commons at Herriman Towne Center (Herriman, UT), The Village at Pioneer Crossing (Kansas City, MO), and The Shops at Broadmoor (Pasco, WA). The company also offers strategic merchandising and tenant curation services to create cohesive, experience-driven retail environments. The portfolio features national tenant brands including Trader Joe's, Cinemark, Nordstrom Rack, Chick-fil-A, H&M, Target, Sephora, Lululemon, and others, complemented by local concepts.

Differentiator

Problem solved

Functional benefit

Products and services

• The Paseo Mixed-use retail and entertainment development located in St. George, Utah, featuring dining, shopping, and experiential spaces with tenants including Casa Mia and a megaplex theater.
• The Commons at Herriman Towne Center Outdoor shopping center in Herriman, Utah, designed as a gathering hub with pedestrian walkways, outdoor seating, and community-focused retail spaces.
• The Village at Pioneer Crossing Mixed-use retail development in Kansas City, Missouri featuring a village-style design with fountain elements, retail, dining, and entertainment destinations.
• The Shops at Broadmoor Retail shopping center in Pasco, Washington offering a mix of national brands and local tenant concepts.
• Merchandising and Tenant Curation Services Strategic retail merchandising service that curates tenant mix balancing national brands with local concepts, focusing on experience-driven environments designed to drive traffic and strengthen co-tenancy.

Quantifiable outcome

• 95%+ leased portfolio achieved at CenterCal Properties by leadership team
• +4 more outcomes

Named customers22 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

One partnership is on record.

• Nationally Renowned Placemaking Architecture and Design FirmcoreStrategic or Co-development PartnerStrategic partnership with nationally renowned placemaking architecture and design firm ensures projects align with city goals, prioritize sustainability, foster community connection, and feature high-quality urban design.

Scale indicators3 records

Recent moves6 records

Expansion highlights4 records

Broad incumbents

• Kimco Realty: Kimco is one of the largest publicly-traded retail REITs in North America, focused on open-air grocery-anchored and mixed-use shopping centers. Comparable in retail real estate development, leasing, and tenant curation, though at vastly greater scale and with a national footprint.
• Regency Centers Corporation: Regency Centers is a national REIT focused on grocery-anchored shopping centers and mixed-use developments. It is directly comparable to Elevated's tenant mix (Trader Joe's, H&M, Sephora, restaurants) and best-in-class placemaking strategy, but operates a much larger national portfolio (~$15B AUM) versus Elevated's nascent Intermountain West platform.
• SITE Centers: SITE Centers is a publicly-traded REIT that develops, owns, and operates open-air shopping centers primarily grocery-anchored. Many of Elevated's named tenants (Target, Nordstrom Rack, Sephora, Chick-fil-A) are typical SITE Centers anchors, making it a direct functional comparable despite much larger scale.
• Federal Realty Investment Trust: Federal Realty is a large, publicly-traded REIT focused on open-air mixed-use retail and grocery-anchored shopping centers in major US markets. Co-President Sean Dennison previously served as Senior Regional Counsel, Western Region at Federal Realty. It is highly comparable in mixed-use retail and developer-mindset but at materially greater scale across coastal markets.
• Phillips Edison & Company: Phillips Edison is a publicly-traded REIT focused on grocery-anchored shopping centers. SVP Construction Steve Brozo previously served as Associate VP of Construction - West at Phillips Edison managing 40+ grocery-anchored centers. It is comparable in shopping-center development and leasing expertise but operates nationally with a much larger portfolio.
• Taubman Centers: Taubman is a premier retail real estate developer of high-end, experience-driven mixed-use destinations. Comparable to Elevated's best-in-class experiential positioning and tenant mix philosophy (Nordstrom, premium apparel), but at significantly larger scale and historically concentrated in enclosed and open-air regional centers.

Direct peers

• CenterCal Properties: CenterCal is the predecessor firm founded by CEO Fred Bruning and led by most of Elevated's senior team (Chris Byers as SVP Leasing, Sean Dennison as SVP/General Counsel, Gary Hall, Monica Wallace, Sean Harty). It develops identical retail and mixed-use properties in the Western US with similar best-in-class, experiential positioning — making it the most directly comparable peer.

Regional players

• Alexander Haagen Company: Alexander Haagen is a regional shopping center developer where CEO Fred Bruning previously served as principal development officer and CIO, overseeing 45+ projects. It is highly comparable in business model and historical lineage, but is a historical/legacy peer rather than a current direct competitor given Elevated's Intermountain West focus.
• Harmon Retail / Harmons Grocery anchor partnerships: Harmons Neighborhood Grocer is named as an anchor tenant at Elevated's developments and is a Utah-based regional grocery chain. As a regional anchor it is a partial comparable on grocery-anchored retail strategy in the Intermountain West, though it is a tenant operator rather than a developer/peer firm in the strict sense.

Emerging players

• Bloch Development Partners: Bloch Development Partners is a smaller, retail-focused real estate investment and development firm. While at different scale, its overlap with retail/mixed-use development, leasing, and tenant curation makes it a partial comparable emerging player in the broader Western US retail real estate space.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/elevated-property-company

Revenue estimate

Valuation estimate

Number of profiles

Profiles9 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 Elevated Property Company