MINNEAPOLIS (March 7, 2016) – United Properties announced today that it has hired Gordy Stofer as vice president, office development, in its Minneapolis office. In his new role, Stofer will take on office investment and development activities for the company and report to Bill Katter, president and chief investment officer. He joins the company on April 25, 2016.
Most recently Stofer has been director with Hines Interests Limited Partnership in Denver, where he has overseen complex development projects in downtown Denver totaling over 1 million square feet, including a Class A project in the Union Station district.
“We’re very excited to welcome Gordy back home to Minnesota and to United Properties,” said Katter. “The Stofer family has been part of the United Properties culture for many years, and we are very pleased to have Gordy join us as we continue to build our next generation of developers.” A native Minnesotan, Stofer is the nephew of Boyd Stofer, who headed the Pohlad family’s real estate companies, including United Properties, prior to his death in 2011.
Stofer brings more than 15 years of experience in the real estate and development field to United Properties. Prior to his position with Hines, Stofer was a senior associate at Cherry Tree and Associates in Minnetonka, where he processed M&A transactions and private placements. He also has worked as a development manager and broker with other development firms in Colorado, managing a wide variety of projects. ”Gordy will bring fresh perspective to our development group and has roots in both Denver and Minneapolis, our two primary markets. It’s a great fit,” Katter noted.
Stofer holds a bachelor’s degree from Miami University in Ohio, a master’s degree in real estate and construction management from University of Denver, and an MBA from Northwestern University. He is a certified LEED® Accredited Professional.
About United Properties
United Properties, based in Minneapolis, 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, 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 50 office, medical, industrial and retail assets in Minnesota, Wisconsin, Illinois and Colorado. For more information, visit www.uproperties.com or follow on Twitter at @UPDeepRoots.
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