NAI Everest
4150 Olson Memorial Hwy, Suite 110
Minneapolis, MN United States 55422
t(612) 424 8454 m(952) 465 8970
CA BRE License #:608062
Thomas
Backstrom
Vice President

Specialties: Investment

Personal Web Site:  Click Here

Scope of Service Experience
Tom’s area of expertise in multifamily includes design, development,marketing, lease-up and operations. In his roles, Backstrom has developed a thorough understanding of the goals and objectives of buyers
and sellers in the disposition/acquisition process and is an expert representative or advisor for clients considering either option.

Backstrom’s experience includes assisting institutional, regional and local developers/owners with due diligence, physical, financial and administrative operations. When assisting sellers, his depth of knowledge, years of experience and understanding of positioning an asset for disposition results in maximizing sale proceeds.

His experience includes conducting lease audits, physical inspections, identifying areas of upside potential, from physical improvements to income/expense opportunities. Backstrom’s experience also enables him to assist buyers in a number of ways including due diligence oversight, achieving operational efficiencies and evaluating value-add opportunities.
Background & Experience
Tom brings 45 years of hands on involvement on more than 50,000 units to our clients. He actively participated in over 30 new developments and 20 value-add projects achieving or exceeding all investor/owner expectations for physical and financial success.
Backstrom has in-depth knowledge and experience working with market rate, Section 8, Section 42, condominium and mixed use developments. Backstrom’s experience includes working with global pension fund managers, private equity firms as well as local developers, owners and management companies.
Professional Associations & Designations
Licensed Broker, State of Minnesota
Minnesota Multi-family Housing Association (MMHA), Past Board Member
Institute of Real Estate Management (IREM), CPM
IREM Chapter 45, Past President
IREM National, Past Director
Minnesota Property Managers Group
Twin Cities Housing Development Corporation, Past Board Member
Strategic Clients
Clients include:

AEW Capital Management
Capri Capital Partners
Cascade Affordable Housing
GEM Realty Capital
Intercontinental Management Corp.
Henderson Global/TIAA CREF
US Bank Corp, Wall Companies
Invesco
Met Life
Blackstone
LeCesse Development
St. Paul Port Authority
Mark Z. Jones
Thomas Management
Stuart Co.
Griffin-Dain
Sabal Financial Group
LP
Lupe Development Partners
Centerline Capital Group/Hunt Companies
Richman Asset Management
CSM
Dominium
Pinnacle
Healey Ramme Development
Steven-Scott Management
SunStarr Development.

This diverse group of owners, developers and fee managers allowed Tom to hone his knowledge of all aspects that affect value and opportunity with a variety of ownership entities from small independent owners to global institutions.

Client Testimonials

“I was pleasantly surprised upon receiving your inspection report on my property. It was well organized, easy to read, easy to understand and it provides me with a great format to follow up with my staff and contractors by using the detailed notes and photographs. It allows me to discuss with them what outsiders, another set of eyes, see and that those observations are what our prospects as well as our existing residents are seeing every day. You are exceptionally thorough and you point out the necessary attention to details that can make a difference to the overall acceptance and satisfaction of our renters. I believe those items when addressed can allow for better traffic, better close ratios, better retention and yes, the bottom line of higher rents because of the overall curb appeal and first impressions. We thought we were in okay shape and good already. Your inspection and report points out those items that will make us even better. Thank-you! ”
- Don Kasbohm, Owner • Main Street Companies