At Schafer Richardson, our niche has been, with the help of our investment partners, to acquire value-added properties, invest cash and hard work, and then reposition them in the marketplace. Our successful growth and track record with this strategy speaks for itself.
We attribute much of our success to the on-going relationships that we have developed and maintained with qualified real estate investors, owners, lenders and other real estate professionals.
If you are interested in talking to us about future real estate investing opportunities, please
contact us.
A CASE STUDY IN SUCCESS: THE BANKS BUILDING
After acquiring the 90 year old, 156,000 square foot multi-story industrial building known to many in the Twin Cities as the "BANKS BUILDING", Schafer Richardson renovated and converted the building to class "A" loft office space. This building, located in Northeast Minneapolis, won the National Association of Office and Industrial Parks (NAIOP) 2001 "AWARD OF EXCELLENCE" in the Repositioned/Renovated category. The property was also a finalist for the 2002 CityBusiness "Best in Real Estate" award. Today, Schafer Richardson occupies the fifth floor of the building along with Griffin Real Estate Company. Market leading rents and occupancy have been achieved in a challenging leasing environment.
