Real Estate Equities is skilled in all aspects of property development, financing, construction, lease-up and management. Over the past five years, Real Estate Equities has completed or initiated the development of seventeen apartment communities comprising over 4,000 new apartment units.
View our new development case studies below:
Press House Apartments Case Study
EastGate Apartments Case Study
Patrick Ostrom
Managing Development Partner
As the Managing Development Partner, Patrick oversees the development department and all aspects of the development process for Real Estate Equities. Throughout his career, he has been responsible for the development of thousands of affordable housing units across the county, representing total development costs exceeding $1 billion dollars. At Real Estate Equities, he and his team are responsible for new site acquisition, city entitlements and approvals, securing debt and equity financing, and construction bidding oversight. Patrick works closely with each stakeholder involved in their projects to ensure the successful outcome of each new development.
Patrick received his B.A. in Economics from the University of St. Thomas in St. Paul, MN.
Alex R. Bisanz
Development Partner
Alex joined Real Estate Equities in 2009. As a Development Partner, Alex is responsible for new project development, acquisitions, and financing. His daily responsibilities include deal sourcing, determining project feasibility, financial oversight, structuring partnerships, and working with numerous lenders and investors.
Since joining Real Estate Equities in 2009, Alex has been involved in the acquisition and development of more than 4,000 multifamily units in Minnesota and Indiana. Alex has been involved in more than $500,000,000 in project financing with numerous lenders such as HUD, Freddie Mac, JP Morgan Chase, Citi Bank, US Bank, and numerous regional and national banks.
Bisanz is a graduate of the University of Colorado – Leeds School of Business.
Eric Omdahl
Development Partner
Ian Schwickert
Development Associate
As Development Associate for Real Estate Equities, Ian is responsible for assisting project partners with new project development, acquisition, and financing of multifamily properties. He prepares and coordinates financing and equity packages while assisting with
design processes and construction management of portfolio properties. He joined Real Estate Equities in September of 2018.
Since joining Real Estate Equities, Ian has assisted project partners on nine new construction developments totaling nearly 1,500 units of affordable housing at a development cost of more than $360 million.
Ian graduated from the University of St. Thomas – Minnesota with a bachelor’s degree in both Real Estate and Finance.
Blaine Barker
Development Associate
As Development Associate, Blaine manages the development process for affordable and mixed-income housing properties. This includes underwriting, entitlements, financing, design, and construction monitoring. Prior to joining Real Estate Equities, Blaine worked for a national affordable housing owner/developer where he managed the development process for eleven properties totaling 2,014 units throughout the states of Texas and Minnesota.
Blaine graduated from the University of Wisconsin with a degree in Real Estate and Finance.