Carl Runck Email & Phone Number

Co-General Partner/Owner/Developer of well-located, competitively positioned boutique multifamily and condo real estate developments:• One West Drive multifamily, downtown Excelsior (former city hall and west public parking lot; 38 apartments and 11 rowhouses for lease; incorporates new 244 stall public parking garage owned by City of Excelsior; in construction phase, delivering Nov. 2024, residences are 65% pre-leased at above proforma rents)• 927 Marshall Street multifamily, Northeast Mpls (89 units; shovel-ready development at $235K/unit all-in basis)• Olive & 2nd Street multifamily, downtown Waconia (92 units; in development phase) • Lake Minnetonka Flats condos, Mound Harbor (12 units with private boat docks; in development phase) • Victoria condos, downtown Victoria (10 units with retail located at Gannon property; in development phase)

Minneapolis, Mn, Us

Responsible for sourcing, leading, and facilitating multi-disciplinary teams through all aspects of the development process including site selection and acquisition, partnership structuring, due diligence, government approvals, design and construction coordination, lease or sale negotiations, and project financing.Project experience:• ELEVEN by Robert A.M. Stern (42 story, 550 ft high, 120 unit luxury condominium tower located in Mill District neighborhood of downtown Minneapolis; completed spring 2022 with 80% pre-sales; Arcadia/Ryan JV-owner; Ryan-developer; Related Fund Management-mezz lender; Bank OZK-senior lender; Dougherty-mortgage broker; Lakes|Sotheby's-sales; RAMSA-design architect; Ryan A+E-architect of record; Ryan Construction-builder; Felhaber Larson-legal; Sudler Chicago-manager; Seventh Art-marketing; Marquette Advisors-feasibility; Streeter & Associates-custom builder; John Kraemer & Sons-custom builder; Pettersen/Keller-interior architect; Martha Dayton Design-interiors; Martin Patrick 3-interior selections)• Eden Prairie Apartments (211 unit, 7.0 acre multifamily project; a Ryan Companies development)• Maverick North Loop Apartments (168 unit, luxury six-story mid-rise with 5,000 sq ft retail located in downtown Minneapolis, completed 2017, developed for Shorenstein Investments)• Radisson Red Hotel (164 key, select service five-story mid-rise hotel with 7,000 sq ft retail located in downtown Minneapolis, completed 2016, developed for Radisson Hotel Group)• 801 Marquette Ave. (former TCF Bank Building, 130,000 sq ft creative office renovation located in downtown Minneapolis, completed 2017, developed for Franklin Street Properties)

Minneapolis, Mn, Us

Responsible for analyzing new development and acquisition opportunities, partnership structuring, municipal approvals, architectural programming, financing, construction management, lease-up, management and dispositions.Project experience:• Mayo Clinic Square (formerly Block E) acquisition and redevelopment (220,000 sq ft distressed retail/entertainment complex with 550 stall parking ramp located in downtown Minneapolis; implemented $65 million adaptive reuse anchored by the NBA's Minnesota Timberwolves, Mayo Clinic, and Jack Link's, completed 2015 and sold for $98 million in 2017; Camelot LLC-owner, Alatus LLC-developer/owner, Provident Real Estate Venture LLC-asset manager/owner, Hines Interests-property manager, RSP Architects-architecture/engineering, Mortenson Construction-general contractor, Jones Lang LaSalle-office leasing, CBRE-retail leasing, Barnes & Thornburg-legal, PCCP-lender)• Latitude 45 Apartments - now called Cortland Mill District ($72 million, 319 unit luxury 13-story tower with 10,000 sq ft retail, skyway connected to adjacent affiliate owned 1,400 stall parking ramp, located in downtown Minneapolis; completed 2015 and sold in 2017; Alatus Washington LLC-owner, Alatus LLC-developer/owner, ESG Architects-architecture/engineering, Doran Construction-general contractor, Cassidy Turley-retail leasing, Fabyanske Westra-legal, Wells Fargo-lender)• 7west Apartments ($42 million, 218 unit luxury mid-rise connected to affiliate owned 765 stall parking ramp, completed 2013 and sold in 2015; Solhem LLC/TE Miller Development LLC/Alatus LLC-co-developers and owners, Tushie Montgomery-architecture/engineering, Greiner Construction-general contractor, Associated Bank-lender)• Downtown East Ramp negotiated disposition to the Minnesota Sports Facilities Authority & NFL's Minnesota Vikings ($17 million, full city block 455 stall underground ramp with light rail station platform and grade level development pads; adjacent to new US Bank Stadium)

Property Development• New $10.7M, 64 Unit, 40,000 sq ft, Memory Care Building located in Medina, MN • New $2.5M, 17,000 sq ft, Senior Community Wellness Center located in Robbinsdale, MN• New Planned Unit Developments & Model Homes in Otsego and Monticello, MNProperty Management• Interim Executive Director at FCL LP dba Copperfield Hill, Robbinsdale, MN (14 months) $6M revenue, 238 unit, 270,000 sq ft, 75 staff senior living community - independent, assisted, memory care• Interim Executive Director at COA Associates dba Cedars of Austin, Austin, MN (2 months) $2M revenue, 129 unit, 140,000 sq ft, 50 staff senior living community - independent, assisted, memory care

• Hutton Ford Architects, P.C. (Denver, CO) 2006• SALA Architects, Inc. (Minneapolis, MN) 2001-2• Sessing Architects, Inc. (St. Paul, MN) 2000-1• Engan Associates: Architects, P.A. (Willmar, MN) 1999

• Business development for the sale of commercial office furniture within corporate, higher ed, and governmental entities based in Minneapolis.

Master Of Architecture

B.S. In Architecture