Development that dares to be different.
Roers Companies is a full-service real estate firm headquartered near Minneapolis, MN with developments in six states and counting. Founded in 2012, our guiding principle has been the same since the beginning: Think big. Scale fast.
We didn’t get where we are today by following the conventional path. When others throw in the towel, we double down. While competitors play it safe on their home turf, we venture into untapped markets. We follow an unconventional development roadmap into communities with outstanding real estate potential and little competition, delivering greater prospects for returns than traditional markets.
We believe partnership is more than just a business transaction—it’s building enduring relationships with everyone involved in a project: residents, vendors, team members, and co-investors.
Each Roers property is meticulously vetted to provide the best value and maximize returns. We audit and bid every aspect of every project, from hiring architects to measuring market growth potential.
From senior housing to luxury living, our real estate developments add diversified value to investment portfolios with consistently strong returns for our investing partners.
Every project we develop is owned by a single asset entity in which we co-invest with 500+ partners, including business owners, farmers, medical professionals, and global investment firms.
Our History
Humble Beginnings
Roers Companies was founded in 2012 by two brothers—Kent and Brian Roers—and their high school friend Jeff Koch. Growing up in rural Minnesota, the founders developed a Midwestern work ethic combined with an entrepreneurial streak that soon led them to pursue opportunities beyond their small hometown.
Core Living – Property Management
In 2013, Roers Companies launched a property management company to oversee everything from the branding to property financing and investor reporting after a building opens. Though independent, Core Living is closely involved in most Roers projects. This unique partnership allows us to guarantee the quality of our developments and investments long after the doors open.
Bakken Growing Pains
Roers started strong with a 40-unit apartment building in Stanley, North Dakota, closely followed by an additional 10 properties for a total of 414 units. When the properties fell prey to the boom-to- bust vagaries of the Bakken oil market, our founders worked tirelessly to adapt and keep the doors open.
New Momentum — Confluence on 3rd Apartments
With a revamped business model, revitalized leadership team, and clarified vision for the future, we set our future on urban developments in growing markets. In 2015, we broke ground on Confluence on 3rd Apartments in Des Moines, Iowa, which became our largest development (211 units) and equity raise ($11 million).
Student Housing Development Begins
Roers Companies broke ground near the University of Minnesota on Spectrum Apartments, which quickly leased up to 95% with housing for students and young professionals. This amenity-rich community was awarded MHA’s MADACS Award for Best in Marketing/Leasing as well as a finalist for Best Urban Development and Best Remodel/Reuse Project by MN Twin Cities Business Journal.
Des Moines Demand
Our expansion into the Iowa markets was quickly heralded as a success, outpacing the performance of local companies. We continued to capitalize on our momentum by developing more luxury buildings in Des Moines, breaking ground on Flux (90 units) and Soll (165 units). Flux was awarded Iowa’s Pinnacle Award for Best Community Marketing.
Senior Living
In 2018, Roers recognized a growing need for senior housing and began developing and opening a series of communities under a new brand called Havenwood Senior Living to meet the demand. Construction began on four communities across the Twin Cities metro. Roers was presented with the award for Top Senior Housing in the West Metro by the Minnesota Real Estate Journal for its first senior living community, Havenwood of Richfield, which opened in August of 2018 and filled up very quickly.
Hello, Wisconsin!
The Roers portfolio has exploded from 40 units to over 3,000 in just six years. In 2019, that expansion included adding a new state to the Roers map. We opened two communities in Wisconsin in 2019: Havenwood of Onalaska and Maxwell Lofts in Milwaukee. Maxwell is also one of our first historic redevelopment projects, transforming a 100-year-old factory into lofts that merge vintage charm with modern conveniences.
Explosive Growth
Roers Cos. and sister company Core Living began making headlines in 2019–20 for our rapid pace of growth, landing on the Inc. 5000 (No. 801) list of fastest-growing private companies in the U.S. as well as the Minneapolis/St. Paul Business Journal Fast 50 (No. 8) and Top Developers (No. 5) lists. In 2020, we hit the accelerator by selling three properties for up to 90% cash-on-cash returns to our investors, completed our fastest-ever lease-up at Maven Apartments in Burnsville, and increased employee headcount while many firms were hitting pause.
A Bigger Footprint
Roers Companies’ footprint is growing. Roers is expanding into new markets and product types in more than six additional states, including historic tax-credit and affordable apartments, market rate, workforce housing, and active 55+ communities. Construction began on our first workforce housing community and largest project to-date in 2021: the 262-unit Axle Apartments of Fridley, MN. We also broke ground on a new active 55+ brand called Risor during the spring and quickly began work on two more sites.
Raising the Bar for 55+
During Spring 2021, Roers Cos. began building its first property dedicated to the active 55+ market: Risor of Apple Valley. The team quickly expanded development to additional sites in Bloomington, Maple Grove, St. Louis Park, and Blaine, MN. The Risor brand includes premium finishes and abundant amenities to cater to adults looking to forego the burdens of homeownership and enjoy a sense of belonging amongst a community of peers without making the leap to independent living in a senior living environment. Risor of Apple Valley opens its doors in November 2022, while the others will follow in 2023.
Leadership Team
Our people are the engine of our company—they keep us moving full steam ahead. When we hire new Roers team members, we look for five distinct qualities: fast-paced and dedicated work ethic, decision-making skills, leadership ability, a get-it-done mentality, and a willingness to be a team player. Our leadership team is featured below.
Partner
Chief Financial Officer
Vice President of Marketing
Vice President of Human Resources
Vice President of Development
Vice President of Construction
Investor Relations Manager
Investor Relations Manager
