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. 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: contact@sitzman-mitchell.com Phone: 970-223-5500Projects/Properties
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.