TGR Development

About TGR Development

TGR Development is a real estate operator headquartered in Minneapolis, MN. TGR Development operates in Minneapolis-St.Paul, Minnesota, Portland, Oregon and San Jose, California. Its investment focus is on Affordable Housing, Historic Tax Credits and LIHTC.

TGR Development was founded in 2003 (originally as Noordijk, Inc.) and rebranded in 2017 after its four principals combined over 50 years of shared experience in real estate finance, leasing, design, marketing, and management. Headquartered in Steamboat Springs, CO, with an additional base in Minneapolis, MN, the firm operates with a lean 2–10‑person team. The company focuses on adaptive reuse of historic properties, affordable and mixed‑income multifamily housing (including LIHTC and NOAH), commercial assets such as light‑industrial, office, and service‑industry buildings, and arts‑oriented live/work communities. They acquire underperforming assets in mid‑sized metropolitan areas across the U.S., adding value through property management, leasing/marketing, and physical improvement strategies. Notable projects include managing a $10.5 M acquisition and ongoing ownership of 47-unit Everett Station Lofts in Portland (acquired Feb 2022), the $26 M Abby project in Minneapolis incorporating 124 rental units, plus numerous historic-arts loft developments such as the $156 M A‑Mill Artist Lofts (251 units) and $118 M Arcade Apartments (282 units).

Principals at TGR Development

Recent activity at TGR Development

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TGR Development's project portfolio

4 projects on file · Multifamily (4)

Markets and themes

Markets TGR Development operates in

• Minneapolis-St.Paul, Minnesota
• Portland, Oregon
• San Jose, California
• St. Louis, Missouri

Investment themes at TGR Development

• Affordable Housing
• Historic Tax Credits
• LIHTC
• Multifamily - Core
• Multifamily - Ground-up
• Multifamily - Value-Add
• Workforce Housing

Capabilities

• Asset Management
• Brokerage
• Construction Management
• Custom Homes
• High-Rise
• Luxury
• Private Equity
• Site Development

Operators similar to TGR Development

• Cypress Equity Investments
  Mid-market tierPortland, OregonAffordable HousingMultifamily - Core+3 more themes
• Vive Development
  Mid-market tierHistoric Tax CreditsAffordable Housing+4 more themes
• Novin Development Corp. (NDC)
  Mid-market tierSan Jose, CaliforniaAffordable HousingMultifamily - Core+3 more themes
• Somerset Development Company
  Mid-market tierHistoric Tax CreditsAffordable Housing+4 more themes
• Glencrest Group
  Mid-market tierMinneapolis-St.Paul, MinnesotaPortland, OregonMultifamily - Ground-upMultifamily - Core+2 more themes
• Home City Development, Inc. (HCDI)
  Mid-market tierHistoric Tax CreditsAffordable Housing+4 more themes
• St. Charles Town Company
  Mid-market tierHistoric Tax CreditsAffordable Housing+4 more themes
• Sunflower Development Group
  Mid-market tierMultifamily - Value-AddHistoric Tax Credits+4 more themes
• Strada Investment Group
  Mid-market tierAffordable HousingMultifamily - Core+3 more themes
• Connelly Builders and Development
  Mid-market tierHistoric Tax CreditsAffordable Housing+3 more themes

Frequently asked questions about TGR Development

What does TGR Development do?

TGR Development was founded in 2003 (originally as Noordijk, Inc.) and rebranded in 2017 after its four principals combined over 50 years of shared experience in real estate finance, leasing, design, marketing, and management.

Where is TGR Development based?

TGR Development is headquartered in Minneapolis, MN.

What markets does TGR Development operate in?

TGR Development is active in Minneapolis-St.Paul, Minnesota, Portland, Oregon, San Jose, California, and St. Louis, Missouri.

How many employees does TGR Development have?

TGR Development has 2–10 employees.