Minnesota's real estate development scene involves a vibrant mix of residential, commercial, and industrial projects. Companies in this industry focus on construction, land development, and property management. Trends suggest a growing emphasis on sustainable building practices and community-oriented designs, as developers respond to urbanization and demographic shifts. Notably, cities like Minneapolis and St. Paul are undergoing revitalization, increasing the demand for innovative housing solutions and functional commercial spaces. As technology impacts building processes, the industry is gradually embracing smart construction techniques to enhance project efficiency and meet evolving consumer needs.

This list features a range of 22 impactful real estate development companies based in Minnesota. Ranging in size from small teams of fewer than 10 employees to large firms with thousands, these companies stem from varied founding years, starting as early as 1916. They specialize in various projects, including multi-family housing, commercial spaces, and custom homes. Each firm applies its unique approach to development, contributing to the state's overall real estate environment. From family-owned businesses to corporate entities, this showcases the sector's breadth and adaptability.

Read on to discover the top real estate development companies in Minnesota.

Top 22 Real Estate Development Companies in Minnesota

1. Ryan Companies US, Inc.

• Website: ryancompanies.com
• Ownership type: Corporate
• Headquarters: Minneapolis, Minnesota, United States (USA)
• Employee distribution: United States (USA) 100%
• Latest funding: August 2022
• Founded year: 1938
• Headcount: 1001-5000
• LinkedIn: ryan-companies-us-inc-

Ryan Companies US, Inc. is a construction and real estate development firm based in Minneapolis, Minnesota. Founded in 1938, the company specializes in commercial real estate services, providing a range of offerings that include construction, architecture, development, and real estate management. With a workforce of approximately 1,796 employees, Ryan Companies serves clients across various sectors, including healthcare, industrial, and retail. Their approach integrates project conception through to completion, ensuring that they not only build structures but also create spaces that enhance community life. The firm has a notable history of engaging with local communities and stakeholders, which aids in navigating the complexities of real estate projects. Their commitment to quality and client satisfaction is reflected in the positive feedback from various partners and clients. As of the latest information, there has been no recent funding reported for the company.

2. Sherman Associates

• Website: sherman-associates.com
• Ownership type: Private
• Headquarters: Minneapolis, Minnesota, United States (USA)
• Employee distribution: United States (USA) 100%
• Latest funding: $350.0M, February 2021
• Founded year: 1979
• Headcount: 501-1000
• LinkedIn: sherman-associates

Sherman Associates, Inc. is a Minneapolis-based real estate development firm that has been active since 1979. The company specializes in creating residential, commercial, and hospitality projects, with a strong focus on enhancing urban environments. With a workforce of approximately 320 employees, Sherman Associates has developed over 12,000 residential units and more than 770,000 square feet of commercial space. Their portfolio includes a variety of projects, from affordable housing to luxury apartments, and they have successfully completed 29 condominium projects. The firm is also recognized for its commitment to sustainability, often exceeding baseline standards in their developments. In 2021, Sherman Associates secured $350 million in funding, underscoring their capacity for growth and innovation in the real estate sector.

3. The Opus Group

• Website: opus-group.com
• Ownership type: Corporate
• Headquarters: Minneapolis, Minnesota, United States (USA)
• Latest funding: November 2014
• Founded year: 2010
• Headcount: 201-500
• LinkedIn: the-opus-group%c2%ae

The Opus Group, based in Minneapolis, Minnesota, is a commercial real estate developer that has been operational since 2010. The company specializes in the development, design, and construction of properties across various sectors, including industrial, office, residential, and retail. With a workforce of approximately 474 employees, The Opus Group is dedicated to providing tailored solutions that address the unique real estate needs of businesses and organizations. Their approach emphasizes collaboration and efficiency, ensuring that the spaces they create are not only functional but also aligned with their clients' objectives. The Opus Group has a notable portfolio that includes multifamily housing, corporate campuses, and manufacturing facilities, showcasing their capability to handle a range of project types. They also prioritize sustainability and community partnerships, reflecting a commitment to responsible development practices.

4. Michael Development

• Website: michaeldevelopment.com
• Ownership type: Private
• Headquarters: Lilydale, Minnesota, United States (USA)
• Employee distribution: United States (USA) 100%
• Founded year: 1987
• Headcount: 51-200
• LinkedIn: michael-development

Michael Development Corp, based in Lilydale, Minnesota, is a private real estate development company that specializes in both residential and commercial properties. Established in 1987, the firm has built a reputation for delivering quality housing and commercial spaces tailored to the needs of the communities it serves. With a portfolio that includes 23 multi-housing properties and over 135,000 square feet of office space, Michael Development is actively involved in the acquisition, development, financing, and management of properties across Minnesota, South Dakota, Iowa, and Montana. The company prides itself on its integrity, creativity, and commitment to high standards in property management, ensuring tenant satisfaction and community engagement. Their services extend to design build, leasing, and property management, reflecting a comprehensive approach to real estate development.

5. Capstone Homes, Inc.

• Website: capstonehomes-mn.com
• Ownership type: Family Owned
• Headquarters: Ramsey, Minnesota, United States (USA)
• Employee distribution: United States (USA) 100%
• Founded year: 1983
• Headcount: 51-200
• LinkedIn: capstone-homes-inc-

Capstone Homes, Inc. is a family-owned home builder established in 1983, located in Ramsey, Minnesota. The company specializes in constructing quality residential properties, with a particular emphasis on affordable luxury homes. Capstone Homes aims to provide exceptional value to homebuyers while making a positive impact on the communities they serve. They operate in various regions, including the Twin Cities area, St. Cloud, Somerset, and Sioux Falls, showcasing their commitment to meeting the housing needs of different communities. With a workforce of 51-200 employees, Capstone Homes is actively involved in the local real estate market, focusing on innovative home designs and community-oriented developments. Their approach reflects a dedication to quality construction and customer satisfaction, making them a notable entity in the home building industry.

6. Sand Companies, Inc.

• Website: sandcompanies.com
• Ownership type: Private
• Headquarters: Waite Park, Minnesota, United States (USA)
• Employee distribution: United States (USA) 100%
• Founded year: 1991
• Headcount: 501-1000
• LinkedIn: sand-companies-inc-

Sand Companies, Inc., based in Waite Park, Minnesota, is a private real estate development firm established in 1991. The company specializes in multifamily, hospitality, and commercial projects, providing a full suite of services that includes architecture, construction, procurement, and property management. With a workforce of approximately 501 to 1000 employees, Sand Companies has built a reputation for delivering quality and sustainable living and hospitality solutions in the upper Midwest. Their projects range from multifamily housing developments to hospitality venues, and they actively engage with local communities to identify and develop properties that meet regional needs. The firm emphasizes green building practices and energy efficiency, showcasing their commitment to environmentally responsible development. Sand Companies manages a significant portfolio of properties, ensuring high standards of service and satisfaction for residents and guests alike.

7. Tamarack Land Development

• Website: tamarackland.com
• Ownership type: Private
• Headquarters: Waconia, Minnesota, United States (USA)
• Employee distribution: United States (USA) 100%
• Founded year: 2020
• Headcount: 11-50
• LinkedIn: tamarack-land-development

Tamarack Land Development is a private land development firm based in Waconia, Minnesota, specializing in the creation of residential neighborhoods. Founded in 2020, the company has quickly established itself by partnering with landowners, municipalities, engineers, contractors, and home builders. Their mission is to craft neighborhoods that enhance community value and provide lasting beauty. Tamarack's services include land development and construction partnerships, primarily targeting clients in the real estate and construction sectors. The company has been active in acquiring land and launching projects across several states, including recent expansions into Colorado and Nevada. With a team of experienced professionals, Tamarack is focused on building sustainable communities that meet the needs of future residents.

8. Doran Companies

• Website: dorancompanies.com
• Ownership type: Private
• Headquarters: Bloomington, Minnesota, United States (USA)
• Employee distribution: United States (USA) 100%
• Founded year: 2007
• Headcount: 51-200
• LinkedIn: doran-companies

Doran Companies, based in Bloomington, Minnesota, is a private real estate development and construction firm that specializes in multifamily and commercial projects. Established in 2007, the company has built a reputation for excellence in the industry, offering a wide range of services that include development, architecture, construction, and property management. With a workforce of approximately 115 employees, Doran Companies has successfully completed numerous projects, showcasing their expertise in managing complex land transactions and construction challenges. Their portfolio features a variety of award-winning developments, reflecting their commitment to quality and innovation. As a prominent woman-owned business in Minnesota, Doran Companies not only focuses on delivering exceptional real estate solutions but also emphasizes building lasting relationships with clients and the communities they serve.

9. Reuter Walton Commercial, LLC

• Website: reuterwalton.com
• Ownership type: Private
• Headquarters: Minneapolis, Minnesota, United States (USA)
• Founded year: 2012
• Headcount: 11-50
• LinkedIn: reuter-walton-commercial-llc

Reuter Walton Commercial, LLC is a private real estate development firm based in Minneapolis, Minnesota, founded in 2012. The company specializes in creating innovative and sustainable properties, primarily in the multi-family housing, student housing, hospitality, and commercial sectors. With a team of experienced professionals, Reuter Walton focuses on collaborative planning and efficient execution to meet the unique needs of neighborhoods and communities. Over the years, they have successfully completed more than 44 ground-up developments, amounting to over 4 million square feet and 5,000 units. Their portfolio includes award-winning projects that reflect their commitment to quality and community enhancement. Reuter Walton's approach combines a creative vision with an entrepreneurial spirit, ensuring that each project delivers lasting benefits to residents, investors, and the communities they serve.

10. Alatus, LLC

• Website: alatusllc.com
• Ownership type: Private
• Headquarters: Minneapolis, Minnesota, United States (USA)
• Founded year: 2005
• Headcount: 11-50
• LinkedIn: alatus-strategic-investments

Alatus, LLC is a private real estate development firm based in Minneapolis, Minnesota, founded in 2005. The company specializes in multifamily housing projects, focusing on creating sustainable and affordable homes that enhance the quality of life for residents. With a team of 21 employees, Alatus has successfully completed 12 developments, resulting in over 2,000 homes created. Their portfolio features a mix of ongoing and completed projects, including notable developments like the 27-story 200 Central tower and the 116-unit Chorus project, which is set to open in December 2023. Alatus is committed to responsible development, aiming to provide homes that not only meet the needs of the community but also preserve the surrounding ecosystems. Their mission reflects a strong belief that everyone deserves to live in a community they can be proud of, making them a conscientious player in the real estate market.

11. Summergate Companies

• Website: summer-gate.com
• Ownership type: Private
• Headquarters: Lakeville, Minnesota, United States (USA)
• Employee distribution: United States (USA) 100%
• Founded year: 2010
• Headcount: 11-50
• LinkedIn: summergate-companies

Summergate Companies, based in Lakeville, Minnesota, is a private real estate developer specializing in land development and home building. Established in 2010, the company has roots that trace back to the 1970s, evolving from a home builder to a prominent player in land development. With a team boasting over 40 years of combined experience, Summergate focuses on constructing new homes and developing residential and commercial properties. Their portfolio includes a variety of projects, catering to home buyers, landowners, and real estate investors. The company emphasizes quality in its developments, ensuring that each project meets the needs of the community and its residents. Summergate's commitment to ethical practices and customer satisfaction is evident in their operations, making them a noteworthy entity in the real estate development sector.

12. MSP Real Estate

• Website: msprealestateinc.com
• Ownership type: Private
• Headquarters: Minneapolis, Minnesota, United States (USA)
• Employee distribution: United States (USA) 70%, India 15%, Spain 15%
• Founded year: 1986
• Headcount: 1-10
• LinkedIn: msp-real-estate

MSP Real Estate, Inc. is a private real estate development and property management firm based in Minneapolis, Minnesota. Founded in 1988, the company specializes in creating affordable housing, senior living facilities, and commercial properties. Over its 30-plus years in the industry, MSP Real Estate has developed approximately 4,000 housing units, demonstrating a strong commitment to meeting community needs. The company operates as a long-term owner, managing over 90% of the properties it has built. MSP Real Estate employs a strategic approach to development, often engaging in public/private partnerships and utilizing various financing mechanisms to bridge funding gaps. Their portfolio includes a range of projects, from affordable housing to market-rate senior living campuses, reflecting their focus on quality and community enhancement. With a dedicated team and a history of successful projects, MSP Real Estate continues to play a significant role in the real estate development sector.

13. United Properties

• Website: uproperties.com
• Ownership type: Private
• Headquarters: Minneapolis, Minnesota, United States (USA)
• Employee distribution: United States (USA) 98%, South Africa 2%
• Founded year: 1916
• Headcount: 51-200
• LinkedIn: united-properties

United Properties, founded in 1916 and based in Minneapolis, Minnesota, is a private commercial real estate developer and investor. The company specializes in the development and investment of various property types, including multi-family, industrial, senior living, retail, office, and mixed-use properties. With a workforce of approximately 166 employees, United Properties has established a strong presence in key markets such as Minnesota, Colorado, and Texas. Their commitment to creating well-designed environments enhances community living and working experiences. United Properties has developed a portfolio that reflects their focus on quality and sustainability, with recent projects including senior living communities and mixed-use developments. The company actively engages in environmental, social, and governance (ESG) initiatives, aiming to reduce their environmental impact and foster social responsibility. Their long-standing history and ongoing projects position them as a relevant player in the real estate development industry.

14. Greco

• Website: choosegreco.com
• Ownership type: Private
• Headquarters: Minneapolis, Minnesota, United States (USA)
• Employee distribution: United States (USA) 100%
• Founded year: 2002
• Headcount: 51-200
• LinkedIn: greco-properties

Greco is a private real estate development firm based in Minneapolis, Minnesota, founded in 2002. The company specializes in revitalizing urban neighborhoods through innovative housing and mixed-use developments. Greco's portfolio includes over 4,000 apartment units and 100,000 square feet of commercial retail space developed and managed since 2008. They provide property management and asset management services, focusing on enhancing community living and investment value. Greco's clientele includes property owners, investors, and residents seeking quality living spaces. The firm is recognized for its commitment to community-driven projects and has received multiple awards for its contributions to the industry. Greco's strategic approach combines local market analytics with a deep understanding of community needs, positioning them as a relevant player in the real estate development sector.

15. DDK Construction Inc.

• Website: ddkconstruction.com
• Ownership type: Family Owned
• Headquarters: Chaska, Minnesota, United States (USA)
• Employee distribution: United States (USA) 100%
• Founded year: 1950
• Headcount: 11-50
• LinkedIn: ddk-construction-inc

DDK Construction Inc. is a family-owned construction and real estate services company based in Chaska, Minnesota. Established in 1950, the firm specializes in custom home building, multi-family and commercial construction, and offers a range of real estate services. With a team of 18 employees, DDK Construction has built a solid reputation in the Twin Cities area, focusing on quality craftsmanship and customer satisfaction. Their services include construction management, project development, and real estate brokerage, allowing them to assist clients through every phase of construction and real estate transactions. DDK Construction has successfully completed numerous projects, including residential homes, assisted living facilities, and commercial properties, demonstrating their capability and commitment to the industry.

16. Yellow Tree

• Website: yellowtreecorp.com
• Ownership type: Private
• Headquarters: Minneapolis, Minnesota, United States (USA)
• Employee distribution: United States (USA) 100%
• Founded year: 2008
• Headcount: 11-50
• LinkedIn: yellow-tree-llc

Yellow Tree is a Minneapolis-based real estate development and property management firm founded in 2008. With a team of 45 employees, the company specializes in revitalizing urban properties and managing a portfolio that includes both residential and commercial buildings. Since 2018, Yellow Tree has completed over 30 projects, resulting in more than 2,300 units developed. Their focus on community-oriented projects has led to significant investments in the Twin Cities market, totaling over $504 million. Yellow Tree's services range from development and construction to property management, ensuring a comprehensive approach to real estate. The company has received multiple awards for its projects, including the CoStar’s 2023 Impact Award for The Abbey, showcasing their commitment to quality and innovation in urban development.

17. Brandl Anderson Homes

• Website: brandlanderson.com
• Ownership type: Family Owned
• Headquarters: Burnsville, Minnesota, United States (USA)
• Employee distribution: United States (USA) 100%
• Founded year: 1993
• Headcount: 11-50
• LinkedIn: brandl-anderson-homes

Brandl Anderson Homes, founded in 1993 and based in Burnsville, Minnesota, specializes in the construction of custom homes and luxury townhomes. With a dedicated team of approximately 33 employees, the company focuses on delivering high-quality residential options tailored to the needs of buyers in the Twin Cities area. They offer a variety of floor plans and quick move-in homes, emphasizing the importance of lasting quality and value in their builds. Brandl Anderson Homes is known for its customer-centric approach, guiding clients through the home purchasing process and providing extensive support even after the sale. Their commitment to building homes that they would be proud to live in themselves reflects a strong dedication to craftsmanship and client satisfaction.

18. Centra Companies

• Website: centrahomes.com
• Ownership type: Private
• Headquarters: Minneapolis, Minnesota, United States (USA)
• Employee distribution: United States (USA) 100%
• Founded year: 2011
• Headcount: 11-50
• LinkedIn: centra-homes

Centra Companies, known as Centra Homes, is a private home builder based in Minneapolis, Minnesota, established in 2011. The company specializes in new residential construction, primarily in the Minneapolis and St. Paul metropolitan areas. Centra Homes offers a variety of home styles, including single-family homes and detached townhomes, designed to meet the needs of first-time buyers, move-up buyers, and those looking to downsize. Their approach emphasizes a streamlined home buying process, making it easier for customers to find and purchase their ideal home. With a team of approximately 33 employees, Centra Homes is dedicated to providing quality housing solutions and has developed several communities in the region, showcasing their commitment to residential development.

19. Roers Companies

• Website: roerscompanies.com
• Ownership type: Corporate
• Headquarters: Plymouth, Minnesota, United States (USA)
• Employee distribution: United States (USA) 100%
• Latest funding: March 2019
• Founded year: 2012
• Headcount: 201-500
• LinkedIn: roers-companies

Roers Companies, based in Plymouth, Minnesota, is a multifamily real estate investment firm that specializes in the development, construction, and management of both market-rate and affordable housing. Founded in 2012 by brothers Kent and Brian Roers, the company has quickly grown to become a notable player in the industry. With a workforce of approximately 282 employees, Roers Companies has successfully developed over 13,000 units and has raised more than $550 million in private equity. Their business model is characterized by a fully integrated approach, allowing them to oversee every aspect of their projects from inception to completion. This includes site evaluation, construction management, and property management, ensuring that they meet the demands of renters while enhancing community value. Roers Companies has also been recognized for its achievements, ranking among the top affordable housing developers in the nation and receiving accolades for its property management services. Their focus on providing quality housing solutions in high-demand neighborhoods positions them as a relevant entity in the real estate development sector.

20. Halverson and Blaiser Group, Ltd.

• Website: hbgltd.com
• Ownership type: Family Owned
• Headquarters: Minneapolis, Minnesota, United States (USA)
• Employee distribution: United States (USA) 100%
• Founded year: 1988
• Headcount: 201-500
• LinkedIn: halverson-and-blaiser-group-ltd.

Halverson and Blaiser Group, Ltd. is a family-owned real estate development and management firm based in Minneapolis, Minnesota. Established in 1988, the company specializes in a variety of services, including property management, development, financing, and acquisitions. With a focus on quality housing, they manage over 5,000 apartment units and 700,000 square feet of commercial space across the Minneapolis and St. Paul metropolitan area. Their portfolio includes both market-rate and affordable multi-family apartments, reflecting their commitment to providing accessible housing options. The company has built a reputation for understanding the local market, tailoring their services to meet the needs of individual investors and tenants. Their extensive experience in the industry allows them to effectively manage real estate assets and contribute to community development projects.

21. JP Brooks Builders

• Website: jpbrooks.com
• Ownership type: Family Owned
• Headquarters: Maple Grove, Minnesota, United States (USA)
• Employee distribution: United States (USA) 100%
• Founded year: 2010
• Headcount: 11-50
• LinkedIn: jp-brooks

JP Brooks Builders, established in 2010 and located in Maple Grove, Minnesota, is a family-owned company dedicated to residential construction. With a workforce of 23 employees, the firm specializes in creating quality homes across various communities in Minnesota. They offer a range of home styles, catering to different buyer preferences, and facilitate the home buying process through innovative features like self-guided tours. The company has been recognized as one of the top 25 builders in Minnesota for the past five years, reflecting their commitment to quality and customer satisfaction. JP Brooks Builders actively engages with clients, providing resources and support throughout the purchasing process, which enhances their reputation in the residential development sector.

22. Parkview Home

• Website: parkviewhomes.com
• Ownership type: Family Owned
• Headquarters: Hancock, Minnesota, United States (USA)
• Employee distribution: Canada 100%
• Founded year: 1969
• Headcount: 11-50
• LinkedIn: parkview-home

Parkview Home, operating under the name Parkview Custom Homes, is a family-owned custom home builder based in Strongsville, Ohio. Established in 1969, the company has built a solid reputation over its 80-plus years in the industry, focusing on residential construction and renovation services. They specialize in creating custom and semi-custom homes, offering a variety of floor plans and designs tailored to meet the unique needs of their clients. Parkview Custom Homes is known for its commitment to customer satisfaction, providing a range of quick move-in options and customizable features. Their portfolio includes several master-planned communities in the Cleveland area, showcasing award-winning designs and luxurious amenities. The company also operates a renovation division, Parkview Design & Remodeling, which handles various home improvement projects. With a dedicated team and a strong local presence, Parkview Custom Homes continues to serve families in Northeast Ohio, emphasizing quality craftsmanship and personalized service.

Real Estate Development Insights: Key Companies in Minnesota

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