Capital Markets and Finance
Current Responsibilities
As the Vice President of Capital Markets, Judy is responsible for raising third-party equity and mezzanine debt for United Properties’ new developments, acquisitions, recapitalizations, and fund structures. She initiates equity solicitations, coordinates all due diligence requests from prospective third-party capital partners, and ensures timely closings. In addition, Judy is responsible for monitoring equity capital markets, maintaining strong contacts, and managing capital relationships.
Past Experience
Judy joined United Properties in 2023 with over 20 years of experience in the banking and non-profit finance industry with a passion for providing capital to developers and small businesses around the country. She most recently served as Senior Vice President of Small Business Lending at Community Reinvestment Fund, USA, where she led a team of SBA experts and was responsible for pipeline management, department planning, budget management, talent development, customer relations, and vendor relationships.
Professional and Community Involvement
Judy is currently an active member of the finance committee with the Metropolitan Consortium of Community Developers (MCCD) and the City of Lakes Community Land Trust (CLCLT). She is a current board member of the Social Impact Hub Minneapolis-St. Paul. She most recently served on the ULI Management Committee and grew the ULI NEXT Chapter as co-chair. Judy is a past recipient of a Top Woman in Finance through Minnesota Finance & Commerce.
Education
Judy obtained a Bachelor of Business Administration from the University of Wisconsin and her Master of Business Administration from Bethel University.
Current Responsibilities
In his role as Director of Development Accounting, James oversees the development accounting team, organizes audits and tax returns for joint ventures, and creates quarterly projections and yearly budgets for development projects.
Past Experience
In June 2019, James joined United Properties as a Senior Manager of Development Accounting. Prior to that, he had been a Senior Reporting Consultant at Dominium, working with CPA firms on annual property and cost certification audits and reconciling tax adjustments for development entities. Before that, he had held the role of Real Estate Accounting Manager at CBRE, managing a team of Real Estate accountants to deliver property level accounting and reporting services to multiple clients.
Education
James attained his Bachelor of Arts degree in Business with a concentration in Finance and a minor in Math from Bethel University.
Current Responsibilities
Brian is responsible for raising third-party equity and debt for United Properties’ new developments, acquisitions, recapitalizations and fund structures. He leads all communications with equity partners during project execution and stabilization, ensuring best-in-class reporting and compliance with investor requirements. In addition, Brian oversees all partner communications and project financial modeling.
Past Experience
Brian joined United Properties in 2020 as a Senior Investment Analyst, focusing primarily on development underwriting of commercial assets in Minneapolis, Denver and Austin. Prior to joining United Properties, Brian held financing positions at CSM Corporation. He started his career in corporate finance with Thomson Reuters.
Professional and Community Involvement
He is a current member of the Minnesota Commercial Association of Real Estate/Realtors (MNCAR) and NAIOP. Brian also spends his time volunteering with various Twin Cities organizations including the Ronald McDonald House Charities and Habitat for Humanity.
Education
Brian earned his Bachelor of Science degrees in Finance and Entrepreneurial Management from the University of Minnesota – Carlson School of Management.
Current Responsibilities
As executive vice president, Richard leads all United Properties’ financing and lender relationships. In addition, he is responsible for managing the company’s joint venture with State Farm in ownership of Centennial Lakes Office Park. Richard is a member of the company’s capital markets team which is responsible for raising equity and arranging debt for joint venture developments and acquisitions.
Past Experience
Prior to joining United Properties, Richard held financing positions at Allstate Life Insurance Company in its commercial mortgage lending group and in finance and acquisitions at The Balcor Company and The Griffin Companies. He began his career as a staff accountant in the tax department of Arthur Andersen & Company.
Professional and Community Involvement
Richard has sat on the corporate board of directors of NAIOP as a local liaison to the national organization, impacting its overall strategies and initiatives. He has also served on a NAIOP national capital markets forum, as well as the board of directors for the Minnesota Chapter, and a 2-year term as NAIOP Minnesota chapter treasurer.
Education
Richard received his bachelor’s degree in business administration from Washington University and his master’s degree in business administration from the University of Wisconsin – Madison and obtained his Certified Public Accounting (CPA) license in November of 1980.
Current Responsibilities
Eric is the Chief Financial Officer & EVP of Capital Markets at United Properties, where he is responsible for the company’s financial and capital market activities. He leads a team of personnel in capital markets, accounting, financial planning, internal and external reporting, tax planning, and technology, overseeing their analysis, organization, and structuring of equity, debt, and joint ventures. Eric is also a member of the Board of Directors, Investment Committee, Strategic Leadership Team, and Executive Leadership Council, and takes a lead role in the development and implementation of United Properties’ overall strategy.
Past Experience
Having joined United Properties in 2007 as an assistant controller, Eric was promoted to controller in 2010, and then to chief accounting officer and vice president in 2014. Before that, he was a senior financial analyst at CBS Radio, Inc. and a senior associate at Grant Thornton. Eric is not only an experienced financial professional but has also demonstrated his ability to create effective corporate strategies and build strategic partnerships.
Professional and Community Involvement
Eric is an active member of multiple professional associations, including the Urban Land Institute (ULI), Minnesota Society of CPAs, and the National Association of Real Estate Companies (NAREC). He also serves on the North Memorial Health Foundation Board. In 2021, he expanded his philanthropic work by joining the Twin Cities Habitat for Humanity Board.
Education
Eric is a Certified Public Accountant (CPA) with a Bachelor of Science degree in Accounting from the University of Minnesota’s Carlson School of Management.
Current Responsibilities
As Vice President of Accounting, Al is responsible for overseeing and leading various accounting functions such as financial reporting, audits, tax, budgeting, forecasting, compliance, and more.
Past Experience
Al joined United Properties in 2020 with over 20 years of experience in financial leadership and strategic planning. He began his career with Pohlad Companies in 1999, starting as an accounting supervisor with NorthMarq and was promoted to corporate controller in 2004. In 2018, Petrie joined PaR Systems as a corporate accounting manager. During his time at NorthMarq and PaR Systems, he played critical roles in real estate, construction, development, and service company activities, including acquisitions and dispositions.
Professional and Community Involvement
Al is a member of the National Association of Real Estate Companies (NAREC), a professional association that provides solutions to real estate financial and tax challenges through collaborative relationships, education, and knowledge sharing.
Education
Al holds a Bachelor of Science degree in accounting from Winona State University.
Current Responsibilities
In this role, Lynn is responsible for providing critical information for strategic decision-making through financial analysis, research, and administrative and tactical project support. In addition, she takes primary responsibility for reviewing, improving, and documenting business processes and tools throughout the company to enhance consistency and efficiency. Lynn is also an instrumental part of our Corporate Social Responsibility and Diversity & Inclusion committees and is also credited with creating and chairing our Credit Committee.
Past Experience
Lynn has ample experience in accounting and finance, as well as the non-profit sector. She began her career at Grant Thornton as a senior audit associate. Her passion for people, community and real estate then led her to serve in various finance roles at local affordable housing non-profits for six years. Most recently, she was the finance manager for PRG until she joined United Properties in 2015 as a senior financial analyst.
Professional and Community Involvement
Lynn is the board Treasurer of PRG Inc, a local Homeownership Education and Affordable Housing Developer. She is also an active member of MN based Racial Justice in Real Estate group, in addition to volunteering at her church, local scouts troop and at her children’s school.
Education
Lynn holds a degree in accounting and finance from Bethel University and is a Certified Public Accountant (inactive).