CHICAGO--(BUSINESS WIRE)--Leading real estate professionals Susan Tjarksen, Todd Stofflet and Lee Kiser have partnered to launch Kiser Institutional Group, a privately-held institutional multifamily brokerage firm headquartered in Chicago’s River North neighborhood. Majority woman-owned by Tjarksen, KIG will offer brokerage and development services to institutional multifamily firms.
“We are not simply launching a new company, but a whole new way of doing business,” said Susan Tjarksen, principal and managing broker for KIG. “With the depth of experience of our principals, the leadership of Todd Stofflet in brokerage efforts, and the utilization of customized market intelligence, we will provide institutional owners a fresh perspective on transactions that will deliver an immediate impact and also resonate for years to come. We don’t want to do deals that just make sense today, but will also make sense five years from now.”
According to Tjarksen, to improve the transaction process, KIG will introduce new ways of interpreting data that will go beyond the standard set of investment criteria that has been perpetuated in the industry for decades.
“The institutional brokerage business hasn’t changed or adapted to encompass all elements of a property in a deal or to appeal to all the individuals involved with the investment,” said Tjarksen. “A property manager, asset manager, financial analyst and acquisition professional are all going to look at a deal differently, but they currently only have one linear set of data to review. With our three dimensional platform, we will provide dynamic intelligence to a wider group of decision makers, which in turn will assist the client in making smarter, more insightful data-based decisions that will resonate with all individuals involved, providing more transparency, and, ultimately, more profitability.”
Tjarksen has more than 25 years of real estate experience working with national and international investors and both private and public institutions. A specialist in condominium as well as apartment development, she has planned, built, designed, brokered, financed and delivered projects totaling more than $2.5 billion in revenue. Clients include I P Global, an international leader in asset purchases, LNR, Lekki Beach Nigeria LLC, The Lynd Companies and Bayview Asset Management.
“The opportunity to build a privately-held institutional brokerage firm from the ground up is incredibly rare,” said Todd Stofflet, managing partner at KIG. “I’ve been fortunate to work with some of the largest clients in this arena for more than a decade and now I am excited to be in a situation where we can create and deliver information to them in a way that will be more meaningful. We are doing this out of the desire to make the industry better, which will in turn make our clients’ investments stronger.”
Stofflet brings more than 15 years of experience owning and brokering multifamily assets throughout the Midwest and Southeast. Throughout the course of his career, Stofflet has negotiated the sale of more than $1.5 billion of assets for institutional owners such as AIMCO, Equity Residential, UDR, Berkshire Group, JP Morgan, and Steadfast Companies.
“The knowledge base KIG principals supply will offer a unique set of services that is currently unavailable in the market,” said Stofflet. “With our transaction track record and experience in apartment sales, condo conversions and developments, institutional clients will be able to use Kiser Institutional Group for virtually any scenario involving multifamily assets.”
Lee Kiser, best known as the co-founder of Chicago-based Kiser Group, has years of experience in the disposition and acquisition of multifamily assets in Chicago and the Midwest. Since launching his own firm in 2005, Kiser has become one of the leading names in Chicagoland multifamily brokerage and has been involved in more than $2 billion in career transactions.
“The institutional multifamily brokerage industry is ripe for change. Kiser Institutional Group will bring a fresh approach to brokerage,” says Kiser, principal. Kiser will continue the day-to-day operations of Kiser Group, but will also be intimately involved with the new company. “Although I have studied the institutional multifamily brokerage industry for several years, I was reluctant to move forward in this niche I saw until the right team was in place. Susan Tjarksen and Todd Stofflet are two of the best minds in the industry. With their leadership and expertise, we have the right foundation. We are the blend of experience, forward-thinking and data interpretation so desperately needed by today's institutional owner. We at KIG look forward to challenging paradigms and shaking up the industry.”
Initially, the firm will focus on representing larger multifamily assets and portfolios across Midwestern states. As of this announcement, KIG is marketing a 374-unit property in Merrillville, Indiana; a 530-unit apartment portfolio in the City of Chicago; a multifamily development parcel in River North (Chicago) and a multifamily development parcel in Lexington, Kentucky.
Kiser Institutional Group is a Chicago-based commercial real estate brokerage and development consulting firm specializing in institutional multifamily properties. KIG works with institutional owners and investors on the acquisition and disposition of large multifamily properties and portfolios, as well as consulting with developers of multifamily projects, whether apartment or condominium. Kiser Institutional Group utilizes dynamic market intelligence created for a wider group of multifamily decision makers, resulting in a more transparent and profitable process. KIG’s principals, wielding expert, in-depth multifamily knowledge and an unparalleled track record in transactions, have assembled a forward-thinking team to interpret and deliver data-driven intelligence to today's institutional investor. For more information, please visit www.kiserinstitutionalgroup.com.
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contact Mark Thomton at (312) 267-4523 or mthomton@taylorjohnson.com.