United Properties announced today that Gordy Stofer will assume a newly created role within the company as vice president of capital markets, effective Nov. 1, 2019.
United Properties created the new role as part of a strategic organizational change based on the growing needs of the business. Increasing use of outside equity partners in the development business led to the need for a position to work primarily on identifying capital partners and communicating with them regularly. In this new role, Stofer will report to Eric Skalland, chief financial and administrative officer, United Properties.
As vice president of capital markets, Stofer will be responsible for monitoring capital markets, assisting in sourcing equity capital for various projects (both development and portfolio assets) and managing capital relationships as a primary representative of United Properties. Stofer will also provide feedback to company management regarding capital market trends, sources, rates and structures, as well as support for decision making and strategy.
“We’re pleased that Gordy will be taking on this new and important role at United Properties,” said Eric Skalland. “Gordy brings a unique skill set and wide array of contacts across the Minnesota and Denver markets to the role. He is a natural fit for the position, and we’re thrilled to have him on board.”
Stofer joined United Properties in 2016. Since then, he has been involved with a variety of projects for the company, overseeing office development and investment activities for United Properties in the Twin Cities and other select markets.
Prior to joining United Properties, Stofer spent 16 years working in the real estate and development field. He holds a bachelor’s degree from Miami University in Ohio, a master’s degree in real estate and construction management from the University of Denver, and a master’s degree in business administration from the Kellogg School of Management at Northwestern University. Stofer is a certified LEED Accredited Professional and an active member of NAIOP Minnesota.