GoodNeighbor Properties

About GoodNeighbor Properties

GoodNeighbor Properties is a real estate operator headquartered in Alexandria, MN. GoodNeighbor Properties operates in Fargo, North Dakota-Minnesota and Minneapolis-St.Paul, Minnesota. Its investment focus is on Hospitality, Industrial and Logistics.

GoodNeighbor Properties is a real estate development firm located in Alexandria, Minnesota, with a focus on revitalizing under-utilized or vacant properties in secondary markets. The company leverages over 60 years of combined executive leadership experience in real estate development across commercial, retail, hospitality, industrial, and residential sectors. GoodNeighbor Properties aims for a targeted 10% cash on cash return with internal rates of return (IRRs) between 15%-25%. One of their notable projects includes The Rune, a mixed-use development in downtown Alexandria, MN, featuring 72 upscale apartments, 27,700 sq.ft. of professional & retail space, and a 90-seat restaurant, with a total project cost of approximately $34.34 million. The company has successfully secured $32.6 million of construction financing for this project, highlighting their capacity to manage significant investments and deliver high-quality, sustainable developments. The leadership team consists of founding partners and managing members with over 30 years of experience in real estate development, including Ted Christianson and Rob Thompson, who have substantial backgrounds in property management and construction, respectively​​​​​.

Principals at GoodNeighbor Properties