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

Recent activity at GoodNeighbor Properties

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GoodNeighbor Properties's project portfolio

5 projects on file · Mixed-Use (2), Residential (general) (2), Office (1)

Markets and themes

Markets GoodNeighbor Properties operates in

• Fargo, North Dakota-Minnesota
• Minneapolis-St.Paul, Minnesota

Investment themes at GoodNeighbor Properties

• Hospitality
• Industrial
• Logistics
• Multifamily - Ground-up
• Standalone Retail
• Suburban Office

Capabilities

• Construction Management
• Economic Development
• Mixed Use
• Site Development
• Urban infill

Operators similar to GoodNeighbor Properties

• Christianson Companies
  Emerging tierMinneapolis-St.Paul, MinnesotaFargo, North Dakota-MinnesotaSuburban OfficeHospitality+4 more themes
• Burton Property Group
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• Gilezan Global
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• Caves Valley Partners
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• Clous Road Partners (CRP)
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• VAC Development
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• CityPlat
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• Simpson Commercial Real Estate
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• CPG Real Estate
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• Oak Realty Group, Inc.
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Frequently asked questions about GoodNeighbor Properties

What does GoodNeighbor Properties do?

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.

Where is GoodNeighbor Properties based?

GoodNeighbor Properties is headquartered in Alexandria, MN.

What markets does GoodNeighbor Properties operate in?

GoodNeighbor Properties is active in Fargo, North Dakota-Minnesota and Minneapolis-St.Paul, Minnesota.

How many employees does GoodNeighbor Properties have?

GoodNeighbor Properties has 2–10 employees.