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Hempel Real Estate Details
Assets Under Management$650M
Average IRR33.32%
Average Equity Multiple1.8x
5.00
Hempel Real Estate Website
Hempel Real Estate Overview
Hempel is a Midwest-based commercial real estate firm specializing in acquiring, developing, and redeveloping properties that create long-term value for tenants, investors, and surrounding communities. Since 2001, the company has built a reputation for transforming underperforming assets into high-performing properties through strategic repositioning, adaptive reuse, and innovative redevelopment. Their mission is rooted in making lives better by making buildings better—an approach that has guided more than two decades of successful real estate execution.
With expertise spanning office, retail, multifamily, residential, and parking assets, Hempel offers full lifecycle commercial real estate services, including investment, development, leasing, asset management, and property management. The firm’s value-add strategy focuses on breathing new life into properties through physical improvements, operational enhancements, and strategic partnerships. This hands-on, data-driven approach has helped Hempel generate meaningful returns while revitalizing entire neighborhoods and city blocks, as seen in standout projects like the Canadian Pacific Plaza transformation in downtown Minneapolis.
Supported by a team of experienced problem-solvers, Hempel continues to expand its footprint across Minneapolis, St. Paul, Milwaukee, and the broader Midwest. Their impact is visible not only in their $1B+ development and acquisition track record but also in their commitment to sustainable community improvement. Whether repositioning retail centers, driving industrial development through strategic joint ventures, or activating new mixed-use neighborhoods, Hempel remains a trusted leader in commercial real estate innovation and value creation.
Address
Eden Prairie,
Minnesota
Year Founded
2001
Operates In
Minnesota
Wisconsin
Asset Classes
Retail
Office
Development
Parking Garage
Multifamily
Accepted Investors
Accredited
Kurt N.
5.00
"Direct Access to Executive Leadership"
I have made two distinct cash-flow-oriented investments with Hempel: an office building and an industrial net lease portfolio. The office investment performed exceptionally well for the first four years, delivering consistent cash-on-cash distributions as high as 12% annually. However, as the office market deteriorated, the sponsor scaled back distributions. They were completely suspended last year to preserve cash. The projected three-year hold period has been extended indefinitely due to current office volatility. The industrial net lease portfolio was a more recent investment. It is performing exactly as projected, providing steady monthly distributions. Hempel is a relatively conservative sponsor, though they did not fully anticipate the severity of the the office market downturn. Hempel executives are very accessible; during the due diligence process for my latest investment, I was able to interview the CEO directly rather than being delegated to an investor relations person. Their reporting is transparent and provided on a monthly basis. Despite the challenges with the office asset, I value the sponsor's direct communication and conservative approach. I would invest with Hempel Real Estate again if the right opportunity arises.