United Properties adds four new positions to support accounting, asset management

MINNEAPOLIS (Feb. 4, 2015) – United Properties announces that it has added four new positions to the company, created to support accounting and asset management for investment and development. To fill these new positions, Chris Wold has been promoted to senior investment analyst, and Peter Ulstad has been promoted to assistant controller. United Properties also has hired two new individuals: Bob Zarriello, assistant controller, and Andrew Wiecher, accounting assistant.

Chris Wold, senior investment analyst
Chris Wold has been promoted to senior investment analyst for the operating and value-add teams at United Properties. He is responsible for carrying out financial analysis, annual strategic planning, annual budgeting and yearly valuations. Working with the company’s asset management group, Wold will gather research on property ownership, transaction data and general market information.

Previously, Wold was vice president/property manager at Meridian Land Company, a subsidiary of United Properties. He graduated from Gustavus Adolphus College with a bachelor’s degree in economics.

Peter Ulstad, assistant controller
Peter Ulstad has been promoted to assistant controller, development. Ulstad is responsible for tracking and forecasting all development and line of credit activity. He also will manage the annual audit and assist with the annual budget, strategic planning and quarterly forecast projections. A significant part of Ulstad’s job will be overseeing the recording of all development asset acquisitions, dispositions and transfers from development to an operating asset.

Previously, Ulstad served as financial reporting manager at United Properties. A certified public accountant, he is a member of the American Institute of Certified Public Accountants and Minnesota Society of Certified Public Accountants. Ulstad holds a bachelor’s degree in accounting from Minnesota State University-Mankato.

Bob Zarriello, assistant controller
Bob Zarriello joins United Properties as assistant controller, investments, in charge of the operating portfolio. His responsibilities include preparing the consolidated financial statements for the company, coordinating the annual budget, strategic plans and quarterly forecast projections, and managing the annual tax return process.

Zarriello comes to United Properties from Cushman & Wakefield | NorthMarq where he was a property accounting supervisor. Zarriello earned a bachelor’s degree in business finance with a minor in accounting from the University of Wisconsin-Eau Claire. He also completed additional accounting courses at the University of Minnesota Carlson School of Management and Rasmussen College.

Andrew Wiecher, accounting assistant
Andrew Wiecher joins United Properties as an accounting assistant, providing general accounting and administrative support to the accounting team by assisting with cash receipts, accounts payable and financial statements. Wiecher is currently attending Hennepin Technical College pursuing a degree in accounting.
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 60 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.

Media Contacts
Jessie Timmerman

Martha Nevanen