Tenant Owned

Your building is for sale. Stay, and become a part owner of it.

Extend your lease and you become a part owner of the building your business already runs in. No cash in.

Book a 30-minute call

Two ways this sale can go

A stranger buys it.

A new owner you've never met controls your rent once your term and any options run out, and can sell again whenever it suits them. Decisions about the roof, parking, docks and upgrades get made without you, even though your business depends on them. You keep paying rent, and all the value you help create goes to them.

You partner with us.

You become a part owner of the building, your rent is set for the future and it stays yours to operate in. As an owner, you also share in the cash the building earns after the loan payment, so part of your rent comes back to you. As the loan gets paid down and the building gains value, part of that equity is yours instead of all going to a landlord.

How it works

  1. You extend your lease.
  2. We arrange the financing, cover any cash the deal needs, and buy the building. We guarantee the entire loan, and you guarantee your part of the loan.
  3. Ownership means you share in the cash the building earns after the loan payment, and you build equity as the loan is paid down and the building grows in value. We purchase as tenants in common, so your ownership will be on the deed.

Questions

Do I have to put money in?
No. We arrange the financing and cover any cash the deal needs.
What am I guaranteeing?
Your lease, and your part of the loan. We guarantee the whole loan.
Do you earn interest on your money first?
No. If we put any cash in, we get back exactly that amount, then we share as part owners.
I have renewal options. Why do this?
Options let you keep renting. This lets you become a part owner. Ownership means you share in the cash the building earns after the loan payment, and you build equity as the loan is paid down and the building grows in value. Your options end, and ownership doesn't.
Who handles the building?
We handle ownership, the lender and the books. You run your business the same as today.
What's in it for you?
We like owning buildings with good tenants in them, and a tenant who is a part owner has every reason to stay and take care of the space. Everyone benefits when you stay, and that's what we want.

Industrial track record

Industrial acquisitions. City, state, square footage, and year. 31 properties.

31properties

4.7M+SF

$146.5Maggregate value

11states

CityStateSFYear
NeenahWI387,0002007
OshkoshWI25,0002007
OshkoshWI46,2882017
AppletonWI31,0302020
Fond du LacWI129,0002020
OshkoshWI24,2302021
OcontoWI147,1962021
GrinnellIA144,0002022
Green BayWI62,9192022
Rock IslandIL143,6652022
GrangerIN200,5542022
MilwaukeeWI430,0002022
MaysvilleKY153,6002023
GalesburgKS121,3922023
Mount PleasantIA378,3212023
ShawanoWI163,8182023
WitheeWI56,0002023
WickliffeOH105,6102023
Sauk RapidsMN100,0002023
EdgertonWI300,3002023
BuchananWI49,2992023
MedfordWI72,7472024
CarlyleIL119,4002024
St JohnsMI332,7502025
MaquoketaIA135,7502025
OmahaNE82,4502025
WarrenPA112,8502025
BlackduckMN127,5002025
RhinelanderWI185,1452025
Port EdwardsWI299,1502026
Green BayWI71,6002026

Who we are

We own and manage industrial buildings across the United States. We'd rather own a building alongside the business that uses it than buy it out from under them.

  • MD

    Mac Dumke

    Owner

  • AD

    Andy Dumke

    Owner

  • TS

    Traci Sorenson

    Owner

  • MS

    Mitchell Salzer

    Owner

Tenant Owned, by the founders of Alliance Development, Dumke Holdings, Northpointe Development and Clark Capital.

Book a 30-minute call

Also founders of

  • Alliance Development
  • Northpointe Development
  • Clark Capital

  • 30+years

    Property development, investment and management

  • $800M+project cost

    Industrial, multi-family, retail and office development and investment

  • 3,000+units

    Affordable units developed

  • 100+sites

    Retail and office development

  • 864units

    Affordable housing investment with outside capital