As senior vice president of investments and portfolio management at Founders Properties, 39-year-old Kim Hofstede has become known as a major deal producer.
In just four years at the company, she’s completed over $1 billion of real estate disposition and financing transactions. Last year was particularly notable with $350 million in transactions, including the sale of Xcel Energy Inc.’s downtown Minneapolis headquarters. Her focus and skill have been significant drivers for other deals as well, including the $100 million disposition of the Port Union development in Cincinnati, setting a cap rate record in that market.
Prior to joining Founders, Hofstede oversaw the portfolio at Carlson Real Estate, where she worked her way up from summer intern to vice president, leading deals like the sale of the Plaza Seven Office and Hotel, and Plymouth Corporate Center.
Hofstede brings this same commitment and knowledge to larger industry efforts as an active member of NAIOP, the Commercial Real Estate Development Association, where she serves on the national board.
More from Hofstede …
What’s the most stressful or challenging part of your job? The most stressful or challenging part of my job is that every day in real estate is different and doesn’t always go as planned. I spend most of my day-to-day time working on multiple real estate transactions. Unexpected circumstances happen on most transactions, and my job is to figure out the best solution for our team and investors, which can be challenging and stressful.
How do you cope with those demanding aspects of your career? Work-life balance is very important to me and helps me cope with the demanding aspects in my career. It’s important to spend time with family and friends and try to separate yourself from your career demands at times. In addition, we have an excellent team at Founders who help alleviate the stressful days and challenges.
What’s your No. 1 goal for 2020? My No. 1 goal in 2020 is to challenge myself professionally and personally and to have fun while doing so.
Where were you born and what path led you to the Twin Cities? I was born in Clinton, Wisconsin, which is small, rural farming community located in southern Wisconsin. I went to college at UW-Madison to pursue a degree in accounting and finance, but somehow landed a summer internship with Carlson Real Estate one year prior to graduating. I learned a lot that summer, and most importantly, that real estate was more exciting than accounting. Carlson offered me a full-time job upon graduation, and I have been in the Twin Cities ever since.
There are so many studies published about the habits and traits of different generations. What generation do you identify with and why? I identify with the Xennial generation, which is the micro-generation born between the years 1977 to 1983. One of the biggest characteristics of this generation is having an analogue childhood and a digital adulthood. Xennials are known to be highly adaptive team players who have a “get stuff done” attitude and take ownership. They are also tech-savvy and have the ability to manage numerous important projects simultaneously.
Besides your home, where is your favorite place to go in the Twin Cities? My favorite place to go in the Twin Cities is Lake Minnetonka with my family. We enjoy spending time in the summer on the lake – swimming, tubing and fishing.
Fast facts
Senior vice president – investments and portfolio management, Founders Properties
Age: 39
Education: Bachelor of Business Administration, University of Wisconsin-Madison
Family: Husband, Al; children, Riley(10), Mason(6) and Mackenzie(6)
Board memberships: NAIOP national board
Read original article here.
