MINNEAPOLIS (Dec. 17, 2012) – Kristi Olson was recently hired at United Properties as vice president, working with the company’s residential team, which develops Applewood Pointe senior co-op communities and Cherrywood Pointe assisted living communities. Olson has been involved in the senior housing industry for more than 25 years, with expertise in assisted living.

“As we continue to develop our Applewood Pointe and Cherrywood Pointe portfolio, Kristi’s experience and knowledge in senior housing will be a great asset,” said Brian Carey, executive vice president of United Properties.

Olson is widely recognized as a leader in assisted living. She was the founder and partner of Keystone Communities, which developed four assisted living communities in the Twin Cities, while also acquiring and turning around two other assisted living communities. Prior to establishing Keystone, Olson was chief executive officer of Twin City Christian Homes (TCCH) for 17 years.  During her tenure at TCCH, she coordinated the construction, financing, marketing and management for care and housing units for senior adults. Throughout her career, Olson has developed, marketed and managed nearly 30 senior care communities.

Olson has a bachelor’s degree in business and marketing and studied for master’s degree at the University of Minnesota.  She is a licensed housing manager with the Department of Housing and Urban Development (HUD) and a certified public housing manager. She has a certification in sales and operations with the Assisted Living Federation of America. Olson has been active throughout her career with the Aging with Services Organization, serving on the board of directors of care providers and the government affairs steering committee on elderly for the state of Minnesota. She has been active in the Christian Stewardship Association and is certified in organizational leadership.

United Properties currently has seven metro locations of Applewood Pointe senior co-op communities; nearly 1,000 Twin Cities residents call Applewood Pointe home. The company’s first assisted living community, Cherrywood Pointe, opened in September 2012 at its Langton Lake community in Roseville, Minn.

As a result of the quick sale and strong interest in the first phase of senior co-op Applewood Pointe of Roseville at Langton Lake, phase two of the cooperative will break ground this month with nearly 85 percent already presold. This second and final phase will include 41 co-op homes and will be connected to phase one. Construction of phase two is anticipated to be complete in the fall of 2013.

About United Properties
United Properties, based in Minneapolis, MN., specializes in commercial real estate development and investment. Since 1975, United Properties has provided development services for the retail, residential, office, medical and industrial sectors. In addition to a large presence in the Minneapolis-St. Paul market, United Properties’ Colorado division develops retail properties as well as office and industrial buildings. Formed in 1916, the United Properties investments group acquires, manages, finances and disposes of the company’s real estate investments, which includes nearly 60 offices, medical, industrial and retail assets in Minnesota, Wisconsin and Colorado. For more information, visit www.uproperties.com.

Media Contacts
Jessie Folkens

Martha Nevanen