Sitzman Mitchell | About Us
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TEAM MEMBERS

DAVID SITZMAN

President

BRIAN STRIBLEY

Vice President

KRISTINA LORSON

Secretary/Treasurer

CRIS ALMAGRO

Administrative Assistant

BETH GRAY

Accounting

JEFF NYE

Facilities Manager

David Sitzman

President

David Sitzman grew up in Wray, Colorado, a small agricultural community in eastern Colorado, graduating from Wray High School in 1976. He obtained a Bachelors Degree with a major in Accounting from Colorado State University in 1980. After graduation from CSU, Dave worked as a Certified Public Accountant for several years performing audits and tax consulting services. In 1982, Dave began working for E.E. Mitchell & Co., one of his clients involved in real estate development in Fort Collins, Colorado. Over the next few years, his employment evolved into a full partnership with Eugene Mitchell, the primary owner of the Company, and ultimately, full acquisition of ownership of the Company upon Eugene Mitchell’s retirement in 1996. Dave has been the President and sole owner of the Company, now known as Sitzman-Mitchell & Co., since that time. Dave continues to oversee the operations of Sitzman-Mitchell & Co., together with the activities of its wholly owned subsidiaries, Sitzman-Mitchell Asset Management, Inc., and Sitzman-Mitchell Commercial Brokerage, Inc.

Dave’s history in real estate has involved extensive and varied aspects of the business, including acquisitions, sales, syndications, financing, brokerage, historic rehabilitations, conservation easements, and residential and commercial new construction. Some of his company’s more notable development projects include the Fort Collins Marriott Hotel (a 230 room full service hotel), the Fort Collins Courtyard Hotel (a 112 room limited service hotel), the Fort Collins Residence Inn Hotel (a 113 room extended stay hotel), the Scotch Pines Village Shopping Center (a 100,000 s.f. retail/office project), Old Town Square (a redevelopment project located in the heart of Downtown Fort Collins, Colorado, including approximately 110,000 square feet of office and retail space in approximately a dozen separate historical buildings), the Arena Office Park (included various office pads and buildings on an infill site surrounding the Fort Collins Marriott Hotel), the Berthoud Village Shopping Center (a small, grocery anchored, shopping center project in Berthoud, Colorado), the Wells Fargo Bank Building ( a 3-story, 40,000 s.f. office building in Fort Collins, Colorado), the Cottages at Berthoud Village (a residential condominium development in Berthoud, Colorado), and the Diamond Farms RLUP (a rural land use plan residential development located north of Fort Collins, Colorado involving various residential lots and a conservation easement to enhance and preserve the historic agricultural use on portions of the residual land).

When not working, Dave looks for about any way possible to spend time outdoors, including shooting his bow, casting a flyline, freezing in a goose blind, climbing hills on his bike, trudging up a mountain with his backpack or getting jarred by moguls on his skiis; and particularly enjoys these activities if joined by his sons, Alex and Nik, and/or his wife, Phyllis.

Real Estate Investments/Consulting Services

Sitzman-Mitchell & Co. has been actively involved in real estate investment activities in the northern Colorado Front Range area for over 25 years.  Generally, the Company acts as the General Partner of limited partnerships formed for the purpose of owning, developing and/or operating each specific project or property.  Limited partnership investment opportunities are made available to investment partners who provide much of the equity capital required for the projects. However, the Company’s approach to various investment opportunities is often custom tailored to meet the specific needs of investment partners, including both active and passive roles in joint ventures, partnerships, sale/leaseback transactions, participating loans and other profit/risk sharing arrangements.

We pride ourselves on the creativity that we can bring to specific situations and on our ability to structure transactions, regardless of the level of complexities involved.  We thrive on challenge and welcome opportunities; even projects that have “some hair” on them!

Our experience in real estate acquisitions and development includes commercial retail, office, industrial, and hotel properties as well as various types of land development and single and multi-family residential projects, foreclosure opportunities, conservation easements, water rights and transferable development rights.  The Company’s property management affiliate, Sitzman-Mitchell Property Management generally provides management services with respect to the ongoing operation and maintenance of the respective properties.  Real estate brokerage services (leasing, sales and acquisitions) are generally provided thru Sitzman-Mitchell Commercial Brokerage, Inc.

Need help with your project?  Have a property you are not sure what to do with?  Or perhaps you just want to discuss your situation or circumstances with someone?  Perhaps we could help.  Please contact Dave Sitzman, President.

Email: davesitzman@sitzman-mitchell.com

Phone: 970-223-5500

Projects/Properties

Sitzman-Mitchell provides property management services for commercial properties and commercial associations from a unique perspective.  As real estate investors, we understand property management as an owner would, and appreciate that net operating income drives property values.   When providing full service property management, our goal is to take the burden off the owners by managing in a prudent and responsible way through competent problem solving and hands-on tenant relations.  Our accounting systems and staff – overseen by a resident CPA – custom tailors comprehensive operating reports to fit your needs.  Sitzman-Mitchell Property Management also offers tenant finish and remodel oversight and is staffed with an around the clock maintenance division to help keep your property performing at a high level.  No matter your concerns, our team can handle the job!

Commercial Retail and Office

The Company’s primary focus has been in the commercial office and retail environment along the northern Colorado Front Range. Significant properties include retail shopping centers ranging from 35,000 to 110,000 square feet and office projects ranging from 4,000 to 40,000 square feet, including multi-building office parks.

Hotels

The Company has developed several hotels in Fort Collins, Colorado, including a 230 room full service Marriott Hotel, a 113 room Courtyard by Marriott Hotel, and a 113 room Residence Inn by Marriott Hotel.

Residential

The Company has developed a variety of residential projects, including Larimer County Rural Land Use projects, subdivision of lots for resale, and speculative construction of single and multi-family housing units.

Agricultural

David Sitzman, the Company president has deep roots in agriculture having grown up farming and ranching in eastern Colorado. The Company continues to own and operate farm and grazing land in Colorado and Nebraska.

Other Fun, Challenging and Unique Projects

The Company assisted Educo School of Colorado, a non-profit organization providing outdoor adventure education to children, in the acquisition and development of 165 acres of mountain property for use as their base camp.  The transaction involved a creative combination of a tax deferred exchange of property held by an affiliated investor group, donation of a conservation easement on the property, a sale of the remaining property to a local charitable trust who leased the property to Educo for ten years at $1.00/year, with intent to donate the property to Educo after the lease expired.

The Company assisted a family near Wellington wanting to see their farm protected from future development with the sale of their property.  The transaction resulted in a conservation easement restricting development in perpetuity and a subsequent transfer of the land to Colorado State University for use in their agricultural programs.

The Company formed a partnership that acquired 40 acres of land between Loveland and Fort Collins and subdivided the parcel into three residential acreages protected by conservation easement; and conveyed transferable development rights to a neighboring developer to increase the permitted density in his project.

The Company formed a partnership that acquired a financially distressed irrigated organic farm, developed unproductive areas of the farm into residential rural acreages, placed conservation easements on the property to protect the agricultural use of the land, and resold the properties.  The farm remains as a viable, producing farm today.