ABOUT

The Sower Capital team in partnership with Access Commercial and other market partners is seeking commercial real estate opportunities that feature the ability to “Add-Value” through strategic repositioning, capital improvements, or lease negotiation. The targeted properties stretch a variety of real estate asset classes with a general focus on acquiring below an adjusted replacement cost and delivering long-lasting value in a finished project.

FUND CONTACTS

DARREN HICKS
FUND MANAGER


Darren began his career in commercial real estate with The Dial Companies two days after he graduated from college in 2004.  In May of 2009, Darren and Kirk Hanson formed ACCESS Commercial, LLC to provide focused development and brokerage services to select clients.  In early 2010, ACCESS formed a third-party store development service platform which contracted with expanding tenants to drive their site selection and construction projects.

By equipping a talented team with proven systems and processes, ACCESS now boasts over 300 successfully completed projects across 40 states.  The market knowledge across this geographical footprint, combined with brokerage, design, and contractor relationships in each region has become a key driver of development and investment opportunities for ACCESS and its affiliates.  In addition to day-to-day functions, Darren leads the development and investment team at ACCESS and acts as managing member and/or project developer on behalf of affiliated partnerships.  

Darren is a longtime member of the International Council of Shopping Centers (ICSC) and the Urban Land Institute.  He is a graduate of the Eller College of Management at the University of Arizona with a degree in Business Economics.

MARK SCHULTZ
CHIEF OPERATING OFFICER


Mark began his career in public accounting in Chicago and transitioned into commercial and residential real estate as a Mortgage Banker in Southern California with Citicorp, GE Capital and Deutsche Bank.  He then moved into CFO roles with private equity firms including the Picerne Group and Hopkins Real Estate Group and in 2008 moved to Denver with the Broe Group as CFO/COO.

In 2015 Mark moved to Omaha joining Immanuel Retirement Communities as CFO and has now joined Sower Capital Management as COO/Managing Director.  Mark has closed over $3 billion of structured real estate debt and private equity investments in over 25 states.

He is a graduate of the University of Iowa with a BA in Accounting and has an MBA from DePaul University in addition to being a CPA.

KIRK HANSON
PRINCIPAL


Kirk has been in commercial real estate since 1998.  His focus is on retail tenant representation, leasing, investment brokerage, development and property management.  Kirk thrives on creating lasting relationships with a wide range of business professionals, while adding value to all parties desired outcomes.

INVESTMENT OPPORTUNITY

MARKETS OF INTEREST


The Fund will invest in value-add real estate opportunities primarily in secondary and tertiary markets. This focus is driven by a perfect union of the team’s deep market experience and our view of compelling market factors in non-primary or gateway markets.

  • Institutional investors “quietly” exit mature assets in these markets
  • Greater return opportunities from superior cap rate spreads
  • Corporate credit ratings do not abide by geographic boundaries
  • Insulated secondary and tertiary markets provide for asymmetrical return opportunities
  • More secondary and tertiary markets are still in the recovery or expansionary parts of the cycle
  • Historically less volatility in pricing, rental rates, and construction costs significantly reduce development risk
  • Institutional investors still consider these markets for stabilized acquisition opportunities

PROJECT TYPES


 

RETAIL
High-Profile, Irreplaceable Locations with Experiential Users

OFFICE
Large Utilitarian Floor Plates / Low Load Factors with Key Amenities in Close Proximity

MULTI-FAMILY
Focus on Inner-Belt Locations and Ability to Transform Class B and C Products into Class A Products

INDUSTRIAL
Strategically-Located Assets with Universally-Accepted Improvements

MIXED-USE
Infill Locations with Truly Synergistic Mixes of Utility and Amenities

LAND
Unleveraged Acquisitions with Predictable yet Compelling Return Capabilities

 

CONTACT US

Darren Hicks

Fund Manager

402.210.4624

dhicks@sowercapital.com

Mark Schultz

Chief Operating Officer

949.525.8708

MSchultz@sowercapital.com

Kirk Hanson

Managing Director

402.616.2580

khanson@sowercapital.com

3 + 5 =

FUND CONTACT:
Mark Schultz
Chief Operating Officer
Direct: 949.525.8708
MSchultz@sowercapital.com