News

Roers Cos. Ranks #2 on Business Journal Largest Developers List

Roers Companies has secured the #2 spot on the Minneapolis/St. Paul Business Journal list of Largest Real Estate Developers in the Twin Cities! With over 3.75 million sq. ft. of development in the Twin Cities since 2021, this accomplishment is a testament to the dedication and expertise of our employees and partners. This also marks the fifth straight year in...

First Utah Residents Move In

Solis at Jackson Station in Salt Lake City welcomed its first residents home this week, marking the first Utah move-ins for Roers Companies! With an impressive array of amenities including a pool, state-of-the-art fitness center, yoga room, pet spa, outdoor grilling stations, and club room, Solis brings 363 units of much-needed affordable housing to the area. This is the first...

Elevate 2024: Winter Conference Key Takeaways

Roers Companies’ Elevate 2024 conference united team members for two days of learning, growing, and connecting on January 18–19, 2024.  Kent and Brian Roers kicked off the conference with a memorable message about building a stairway to success. Attendees heard from a number of departments throughout the event about how each team contributes toward our shared purpose. On Thursday, guest...

The Wildwood at Main Awarded ABC Project of Distinction

The Associated Builders and Contractors (ABC) of Wisconsin recognized The Wildwood at Main as a Silver Project of Distinction winner at the Excellence in Construction award banquet on Thursday, January 18, 2024. This award highlights the quality, professionalism, and merit of the most impressive construction projects in Wisconsin. The Wildwood at Main provides 172 affordable units to the Sun Prairie,...

Reflecting on 2023 at Roers Companies

Roers Companies had a big year in 2023! From development milestones, groundbreakings, and resident move-ins to opening new regional offices, team growth, and award recognition, 2023 was one to remember. We're incredibly thankful for our team, investors, partners, and friends who made 2023 a year of many milestones and incredible memories. Cheers to more in 2024!  

Shane LaFave Named a 2023 POWER 30 Developer

Finance & Commerce unveiled its POWER 30 Developers list, highlighting influential figures in Minnesota's development community. The selection process involves interviews with respected community members and a review of Finance & Commerce's archives to identify individuals with significant achievements and influence in the state's real estate development sector. Roers Companies proudly celebrates the inclusion of our very own Executive Vice...

Tom Cronin Named MSPBJ 2023 CFO of the Year Honoree

Congratulations to our Chief Financial Officer Tom Cronin, who was selected as one of the Minneapolis/St. Paul Business Journal's 2023 CFO of the Year Honorees! MSPBJ announced and recently celebrated honorees at a luncheon. Colleagues and family joined Tom at the celebration. Tom has made a significant impact in a relatively short time at Roers Companies. Since joining in March...

The Wildwood at Main Apartments Now Complete in Sun Prairie

Roers Companies made headlines this week as construction wrapped up on The Wildwood at Main, a new 172-unit affordable apartment community in Sun Prairie, Wisconsin. The first residents moved into their new homes in the north building early in September while construction and landscaping were finalized. Now all residents are welcome to enjoy comfortable finishes, nature-inspired features, and a host...

Roers Cos. Breaks Ground on Project in Victoria, Minnesota

Roers Companies celebrated the groundbreaking of Rowe on Monday, Oct. 23 in Victoria, Minnesota. Colorful fall leaves and a sunny day set the scene for this joyous event with city partners including Mayor Deb McMillan, members of Roers General Contracting, Roers Cos. leadership, investors, and project partners all in attendance. Marty McCarthy, a developer on the project, addressed the crowd...

New Video Highlights Investor Experience

It's always great to hear straight from investors about why they partner with Roers Companies. What benefits have they seen while working with us? What does the investor experience look like? Investor trust and support have been instrumental in Roes Cos. success. We have developed more than $2 billion in real estate and created more than 11,000 homes in communities...

Doors Open at First Project in Texas

The Narrows in Hutto, Texas welcomed its first residents on September 29, 2023, marking the first Texas move-ins for Roers Companies! With modern interiors, a pool, community lounge, fitness center, and more, The Narrows Apartments offers 300 units of affordable housing just outside of the city of Austin. Hats off to the hardworking teams who have turned this project into...

Roers Brothers Featured on “Off the Record” Podcast

Owners and Co-Founders Kent Roers and Brian Roers discussed founding the business, brotherly competition, and company growth in a recent episode of the “Off the Record” podcast hosted by Kathy Robideau of the Minneapolis/St. Paul Business Journal (MSPBJ) and Platinum Bank CEO David Faust. From their upbringing on the farm and playing hockey together to pursuing separate careers, then deciding...

Recognizing Excellence at the 2023 MADACS Awards

The Roers Companies team celebrated the best-of-the-best alongside industry peers at the Minnesota Multi Housing Association (MHA) 2023 MADACS Awards. Roers Cos. was pleased to be a 2023 MADACS Awards Platinum Sponsor and even prouder to have finalists nominated in four categories at the September 22 event. This is the biggest multifamily industry awards event in Minnesota with the purpose...

Execute the Extraordinary: 2023 Summer Conference Key Takeaways

Roers Companies’ summer Engage conference united team members from across states, offices, and sites for three days of learning, team building, and celebration. This year’s theme was “Execute the Extraordinary,” and attendees heard from a number of internal leaders about how we plan to achieve our goals in 2023 and beyond. Owners Kent Roers and Brian Roers kicked things off...

2023 RoCo Awards Recipients

We are excited to unveil the winners of the 2023 RoCo Awards! Roers Companies hosted our third-annual RoCo Awards ceremony on Thursday, July 27, which included a celebration with the team and loved ones to recognize the individuals and properties that were voted by their peers as best-in-class. Please join us in congratulating this year’s winners! Customer Service Award: Mike...

Fridley Affordable Housing Redevelopment in the News

Roers Companies made headlines with the recent purchase of Fridley shopping center property, Moon Plaza, which will be redeveloped for affordable housing. This exciting project caught the attention of both Finance & Commerce and the Minneapolis/St. Paul Business Journal who covered the closing. Brian Johnson of Finance & Commerce wrote: “Less than 15 months after completing a redevelopment of the...

Roers Companies is a 2023 Top 200 Workplace

The Star Tribune recently released the 2023 Top 200 Workplaces list, which names Roers Companies among the best-of-the-best organizations for Minnesota employees. This award is a direct result of the feedback Roers Cos. employees provided in an independent survey collected by a company called Energage aimed at measuring employee opinions regarding engagement, organizational health, and satisfaction. The survey went out...

Realty 411 Article: Real Estate Investment Is Still A Good Idea

"In 2023, well-informed individual investors are looking to diversify their portfolios even during this time of turbulence and trepidation. While some are buckling down or momentarily bowing out, savvier investors are still pursuing a diverse mix of investments to position themselves to do more than just weather the storm. One ally in the battle can be private real estate investment...

Ranked in top 25 largest apartment developers in the U.S.

Roers Companies earned national recognition today on the National Multifamily Housing Council’s (NMHC) 2023 NMHC 50, the annual ranking of the nation’s largest apartment developers. Roers Cos. secured the 25th spot among the largest apartment developers in the country, with 2,675 units breaking ground during 2022. Earlier this year, the company landed in the No. 2 spot among commercial real...

News Release: Roers Cos. Extends Investment Offering to New Market

With $2 Billion in Its Diversified 11-Year-Old Portfolio, Multi-Family Developer Plans Next Phase of Growth Across the U.S. with Expanded Investment Approach ROERS COMPANIES EXTENDS ITS EXCLUSIVE INVESTMENT OFFERINGS TO INDIVIDUALS WORKING WITH REGISTERED INVESTMENT ADVISORS & FAMILY OFFICES TWIN CITIES, MINN. — March 13, 2023 — In just over 10 years, Roers Companies grew a multi-family real estate development...

Business Journal Names Roers Cos. to Top Developers List

The annual list of the top developers in the Minneapolis/St. Paul metro area compiled by the Business Journal was released this week. For the fourth year in a row, Roers Cos. landed in the top five, coming in at number two with more than 3.9 million sq. ft. of local development since 2020. We extend our congratulations and our thanks to...

Roers Cos. Winter Conference Highlights

The Roers Cos. team came together from offices and sites across the country last week for our semi-annual conference in Plymouth, Minn. This year's theme was Rise Above, and attendees heard from a number of internal leaders about how we can work together to execute on our lofty goals in 2023. The team enjoyed two evening events — games and...

Roers Cos. Kicks Off First Project With RGC

Roers Companies held a groundbreaking ceremony Tuesday for The Espen Residences in Oakdale, which will mark the company’s first project with our new in-house general contracting group, RGC. Roers General Contracting (RGC), a division of Roers Companies, was created in response to a growing need to build high-quality projects while remaining on schedule and on budget. RGC provides several services...

Announcing Roers General Contracting (RGC)

Roers Companies has announced we will be adding general contracting to our extensive list of specialties that currently consists of development, investment, construction, and property management. Roers General Contracting (RGC), a division of Roers Companies, was created in response to a growing need to build high-quality projects while remaining on schedule and on budget. RGC provides several services that extend...

Twin Cities Business 2022 Notable CFOs

Congratulations to our Chief Financial Officer Tom Cronin who was selected as one of the Twin Cities Business 2022 Notable CFOs! Honorees were recently announced by the magazine. Tom has had a significant impact in a relatively short time at Roers Companies. He joined the company in March of 2021 and has since overseen the sales of seven multifamily properties...

Finance & Commerce’s Rising Young Professionals for 2022

Congratulations to Developer Andy Bollig who was selected as one of Finance & Commerce’s Rising Young Professionals for 2022! In his three years at Roers Companies, he has contributed to almost $400 million in development, including more than 1,300 apartments and townhomes in Minnesota and Utah. Andy will be profiled among this year's honorees in Finance & Commerce's Rising Young...

Celebrating the 2022 MADACS Awards Nominees

The Roers Companies team is incredibly proud of our nominees and winners at the Minnesota Multi Housing Association (MHA) MADACS Awards. Nominees are standouts in the Minnesota multifamily housing industry, and we had three finalists up for awards. Congratulations to Samantha Fusco for winning the lease-up leasing consultant award and Jessica Correll for winning in the multi-site community manager category...

Repurposing a 450,000-square-foot Vacant Office in Plymouth

The excerpt below appeared in the Minneapolis Star Tribune article “Why a 450,000-square-foot office building in Plymouth is about to meet the wrecking ball” on September 3, 2022 by Jim Buchta. "With more than 1,000 empty parking spaces and do-not-enter signs taped to several locked doors, Prudential's 75-acre office campus in Plymouth feels nearly abandoned. It's been that way nearly...

San Antonio Apartments Purchased With Renovations Planned

The excerpt below appeared in the San Antonio Business Journal article “Midwest developer buys San Antonio apartments with renovations planned” on September 2, 2022 by Ramzi Abou Ghalioum. "Roers Companies recently bought properties for renovation in San Antonio and Houston, and is getting ready to build a new property in Austin. The San Antonio property is Rosemont at University Park, a 240-unit apartment...

75-Acre Site Purchased for Mixed-Use Development

Scannell Properties and Roers Companies have purchased an approximately 75-acre infill site at the corner of Interstate 494 and Bass Lake Road in Plymouth, Minnesota, and will redevelop the site in a joint venture. The current site includes a 500,000 square-foot office building that was constructed in the 1980s. Scannell and Roers Cos. will demolish that building and redevelop the...

Roers Companies Closes on Sale of Newly Built Apartments in Lakeville

Roers Companies sold its 208-unit Lakeville apartment community today. Belgarde purchased Northlake Lofts for $60 million — just three months after the first residents moved into the newly constructed building at 18400 Orchard Trail. This is the second property Roers Cos. has sold in 2022 prior to filling all its apartments and reaching what the industry considers stable occupancy —...

Roers Cos. Closes on Its Second Texas Acquisition

Today, Roers Companies acquired Rosemont at University Park through a partnership with San Antonio Housing Authority. The 240-unit affordable housing community was built in 2006 and includes eight residential buildings plus a central clubhouse and amenity area. A renovation is planned for early 2023 to upgrade the clubhouse and site amenities, unit interiors, and more. This is Roers Cos. second...

Roers Companies Celebrates 10-Year Anniversary

Roers Companies is celebrating 10 years of business in 2022. We are grateful for the people who have worked alongside us throughout the past 10 years and we can't wait to see what we can achieve together by year 20! Check out the video below to hear from our founders about how Roers Companies got started and what's next for...

Announcing the 2022 RoCo Awards Winners

We are thrilled to announce the 2022 RoCo Awards winners! Roers Companies hosted our second-annual RoCo Awards on Thursday, July 14. We enjoyed an evening with our teams and loved ones recognizing the individuals and properties that were voted by their peers as best-in-class. Please join us in congratulating this year's winners! Customer Service Award: Confluence on 3rd Apartments Maintenance Professional...

Jamie Luehrs Honored with Patriot Award

Employer Support of the Guard and Reserve (ESGR) presents the Patriot Award each year to an individual supervisor for support provided directly to the nominating Service member. The award reflects the efforts made to support citizen warriors through a wide-range of measures including flexible schedules, time off prior to and after deployment, caring for families, and granting leaves of absence if...

Roers Cos. Celebrates Finalists at Minnesota Real Estate Journal Awards

Congratulations to our finalists for the 2022 Minnesota Real Estate Journal Awards — Jeff Koch, Erik McLaughlin, CPA, Allison Fischer, Beyond Apartments, and Roers Cos. were honored among the top people, properties, and companies in Minnesota commercial real estate. Our team is incredibly proud to celebrate Allison Fischer as the WINNER for Property Manager of the Year! Allison consistently exemplifies...

Core Living Becomes Roers Cos.

Roers Cos.' property management division, Core Living, has joined together with our commercial real estate development group under one name. Core Living has been a subsidiary of Roers Cos. since the company was founded in 2013, with shared ownership, an integrated leadership team, a single corporate office, and staff of both companies working side by side on new developments as...

Roers Companies Sells Woodbury Apartments for $65.16 Million

Roers Companies sold its 255-unit Beyond Apartments in Woodbury on Friday, March 11 to Milwaukee-based MLG for $65.16 million — just six months after the first residents moved into the newly constructed building at 455 Karen Dr. The timing of the sale is earlier than typical for multifamily sales as the property is still in lease-up. In other words, Beyond...

Woodbury Magazine: Beyond Apartments Redefines Modern Living Standards

Beyond Apartments Redefine Modern Living Standards The following excerpt appeared in an article by Ava Diaz in the Woodbury Magazine Continuing to redefine apartment living for Woodbury residents is the new two-building complex, Beyond Apartments by Core Living. Beyond fuses a boutique aesthetic with the bustle of suburban conveniences to create a comfortable modern lifestyle. As a luxury apartment, Beyond features...

Finance & Commerce Covers Havenwood Minnesota Portfolio Sale

Roers Cos. has sold a portfolio of five local senior housing communities to an out-of-state investor for $160 million, a price that Roers Cos. and its broker believe to be the biggest lump-sum haul ever for that product type in Minnesota. The Havenwood Senior Living properties in Minnetonka, Maple Grove, Burnsville, Richfield and Buffalo have a combined 567 independent living...

Five-Property Havenwood Senior Living Portfolio Sold for $160 Million

Roers Companies sold its Twin Cities area Havenwood Senior Living properties to Lone Star Funds today for $160 million, which appears to be the highest price to-date for a senior living portfolio transaction in the metro area. The sale includes five properties in Minnetonka, Maple Grove, Burnsville, Richfield and Buffalo, totaling more than 550 independent and assisted living apartments, plus...

Business Journal Names Roers Cos. to Top Developers List

The annual list of the top developers in the Minneapolis/St. Paul metro area compiled by the Business Journal was released today. For the third year in a row, Roers Cos. landed in the top five, coming in at number four with more than 3.6 million sq. ft. of local development since 2019. We extend our congratulations and our thanks to...

Duluth News Station Covers Phase 2 of Cove Apartments

Nestled near the shores of Lake Superior in the heart of Duluth, Phase 2 of Cove Apartments is looking to open this Fall.  Phase 1 of Cove Apartments saw almost all of its 48 units filled before doors even opened back in late 2020. “The goal with these historic rehabs is to try to be able to deliver a product...

Shane LaFave Honored as a 2021 POWER 30 Developer

Finance & Commerce announced their POWER 30 Developers, a list of "leaders and movers and shakers who are key players in Minnesota's development community." The list was built by interviewing respected members of the community and consulting the archives of Finance & Commerce to find people whose achievements and influence are significant in Minnesota’s real estate development field. Roers Companies celebrates our...

Affordable Housing Expansion in Texas

Roers Companies is expanding into the Lone Star State with a 300-unit affordable housing complex in Hutto — with more projects potentially on the way for Central and North Texas. The three-story complex, tentatively named The Narrows Apartments, will be federally subsidized as Section 42 housing. The program allows developers to sell tax credits in return for keeping rents restricted...

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