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Apartment Development

Real Estate Equities is skilled in all aspects of property development, financing, construction, lease-up and management. Over the past five years, Real Estate Equities has completed or initiated the development of seventeen apartment communities comprising over 2,800 new apartment units. 

 

View our new development case studies below:

Press House Apartments Case Study

EastGate Apartments Case Study

Technology Park Apartments Case Study

The Winslow West St. Paul Case Study

Patrick Ostrom

Managing Development Partner

As the Managing Development Partner, Patrick oversees the development department and all aspects of the development process for Real Estate equities. Throughout his career he has been responsible for the development of thousands of affordable housing units across the county, representing total development costs exceeding $1 billion dollars. At Real Estate Equities, he and his team are responsible for new site acquisition, city entitlements and approvals, securing debt and equity financing, and construction bidding oversight. Patrick works closely with each stakeholder involved in their projects to ensure they successful outcome of each new development.

Patrick received his B.A. in Economics from the University of St. Thomas in St Paul, MN.

Alex R. Bisanz

Development Partner

Alex joined Real Estate Equities in 2009. As a Development Partner, Alex is responsible for new project development, acquisitions, and financing. His daily responsibilities include deal sourcing, determining project feasibility, financial oversight, structuring partnerships, as well as working with numerous lenders and investors.

Since joining Real Estate Equities in 2009, Alex has been involved in the acquisition and development of more than 3,000 multifamily units in Minnesota and Indiana. Alex has been involved in more than $500,000,000 in project financing with numerous lenders such as HUD, Freddie Mac, JP Morgan Chase, Citi Bank, US Bank, as well as numerous regional and national banks.

Bisanz is a graduate of the University of Colorado- Leeds School of Business.

Eric

Eric Omdahl

Development Partner

Eric joined Real Estate Equities in 2020 as a Development Partner. In this role, Eric is responsible for identifying and structuring workforce housing and senior affordable housing development opportunities across the country. Prior to joining Real Estate Equities, Eric worked for an affordable housing developer for seven years, where he was involved in closing more than 2,200 units of acquired and newly constructed affordable housing with total development costs exceeding $500 million.
 
Eric has a Bachelor of Business Administration degree from the University of Wisconsin – Madison, where he majored in Real Estate and Urban Land Economics as well as Finance, Investment and Banking.

Ian Schwickert

Development Associate

As Development Associate for Real Estate Equities, Ian is responsible for assisting project partners with new project development, acquisition, and financing of multifamily properties. He prepares and coordinates financing and equity packages while assisting with
design processes and construction management of portfolio properties. He joined Real Estate Equities in September of 2018.

Since joining Real Estate Equities, Ian has assisted project partners on nine new construction developments totaling nearly 1,500 units of affordable housing at a development cost of more than $360 million.

Ian graduated from the University of St. Thomas – Minnesota with a bachelor’s degree in both Real Estate and Finance.

Blaine Barker

Development Associate

As Development Associate, Blaine manages the development process for affordable and mixed-income housing properties. This includes underwriting, entitlements, financing, design, and construction monitoring. Prior to joining Real Estate Equities, Blaine worked for a national affordable housing owner/developer where he managed the development process for 11 properties totaling 2,014 units throughout the states of Texas and Minnesota.

Blaine graduated from the University of Wisconsin with a degree in real estate and finance.