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