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.
PRINCIPAL/SR. MANAGING DIRECTOR
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.
SENIOR FINANCIAL ANALYST
Curtis Leick is the Senior Financial Analyst for Sower Capital Management. Curtis has extensive experience in investment analysis, underwriting, and due diligence. He works closely with senior management to evaluate new commercial real estate investment opportunities, perform due diligence support, and analyze the performance of current investments.
Curtis holds a Bachelor of Science in Business Administration with an emphasis in Finance and Economics and a minor in Accounting from the University of Nebraska-Lincoln. He is also a CFA Level Three candidate.
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
High-Profile, Irreplaceable Locations with Experiential Users
Large Utilitarian Floor Plates / Low Load Factors with Key Amenities in Close Proximity
Focus on Inner-Belt Locations and Ability to Transform Class B and C Products into Class A Products
Strategically-Located Assets with Universally-Accepted Improvements
Infill Locations with Truly Synergistic Mixes of Utility and Amenities
Unleveraged Acquisitions with Predictable yet Compelling Return Capabilities