NorthPoint Development

profile

NorthPoint traces its roots to Briarcliff Development Company. Nathaniel Hagedorn started his career at Briarcliff Development Company and for over 10 years Nathaniel took an increasing role within Briarcliff Development overseeing all aspects of the development work including design, entitlement, construction, management and leasing of office and retail buildings at the Briarcliff master-planned community. Nathaniel always desired to own his own company and had a goal to handle all aspects of the development process including raising all of the capital (both debt and equity) needed for projects on independent basis. Nathaniel formed a new company, Briarcliff Realty in 2008. The ownership of Briarcliff Realty was owned 80% by Nathaniel and 20% owned by Charles Garney, In 2012, Nathaniel repurchased Garney’s 20% ownership stake and changed the name to NorthPoint Development. In 2011 NorthPoint started with 8 employees and currently has 48 employee owners. NorthPoint is principally focused on industrial and multifamily development. NorthPoint takes a very financially disciplined approach to investing with the following guidelines: We limit our leverage to no more than 65% loan to cost. Often times our Loan to Value is less than 50%. We have never and will never borrow money on vacant raw land; we purchase it all cash equity. We are not ‘cap rate buyers’, we will only invest if we can acquire an asset or develop an asset at a minimum of a 9% unleveraged return on total invested capital. Since 2008 NorthPoint has raised over $530,000,000 in capital for various real estate projects. NorthPoint has been fortunate enough to partner with both local and institutional investors to raise capital for its projects. Investors include a number of high net worth families in Kansas City as well as the Northwestern Mutual Life Insurance Co.

Real Estate Specialization
Multifamily
Office
Industrial
Retail
Mixed-use
Investment Type
JV partnership
Acquisition/Fee Simple
Investment Style
Value-add
Development
Typical Deal Size
$10,000,000 - $50,000,000
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CEO

Nathaniel Hagedorn

With 10 years of commercial real estate experience, Nathaniel is responsible for the overall strategy of the company and is principally focused on guiding development, leasing and management activities for the firm. Nathaniel has raised over $250,000,000 in capital in the last four years and has emerged as one of Kansas City’s most active commercial real estate developers. Prior to forming NorthPoint Development, Nathaniel spent nine years working in commercial real estate as the President of Briarcliff Development. Noteworthy Project: • Briarcliff Village – an upscale 400 acre mixed use project in Kansas City’s Northland • Briarcliff Hilltop Office Tower – a development of a 9 story, 221,000 SF speculative office building that opened 80% leased • Briarcliff City Apartments – the development and ultimate sale of the 298 unit luxury apartment complex • Village at Burlington Creek – acquisition of the 160,000 SF mixed use center, ultimately the project will expand to include an additional 200,000 SF of commercial real estate and an additional 298 unit luxury apartment complex • Residences at Burlington Creek – development of the 298 unit luxury apartment complex • Riverside Horizons Industrial Park – Master Developer for the 260-acre industrial park for the City of Riverside, procured a joint-venture agreement with Northwestern Mutual Real Estate to start development, making the industrial park the new hub of Kansas City Education: University of Missouri, Kansas City – Graduated summa cum laude with a Bachelor’s in Finance & Economics and MBA in Finance Affiliations: • Lawson State Bank, Board Member • UMKC / Lewis White Real Estate / Bloch School of Business

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Partner

Robert Alumbaugh

Rob has been a partner with NorthPoint Development since February 2012. Separately, Rob’s family is also an investor in virtually all of NorthPoint’s investment opportunities. Prior to partnering with NorthPoint, Rob was a Senior Systems Analyst at DST Systems (1993-2000). In 1998 he co-authored the book “Active Experts” which is an instructional book for Microsoft’s Active X Technologies. After leaving DST Systems Rob joined Tradebot Systems where he held the positions of Software Engineer, Vice President of Software Development, and CEO & President of Tradebot Systems (2000-2011). He retired from the CEO position at the end of 2011 but maintains an advisory roll with ‘Fellow’ status within the company. Education: Missouri University Columbia Campus – BS in Electrical Engineering and Computer Engineering. Affiliations and Community Involvement: • Children’s Mercy Hospitals of Kansas City • Boy Scouts of America • Quality Deer Management Association and National Wild Turkey Federation

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President, COO

Chad Meyer

With 16 years of industrial and construction experience, Chad is responsible for the general oversight & growth of development and construction for NorthPoint Development projects. Prior to joining NorthPoint Development, Chad served as the Regional Director of ARCO National Construction’s Kansas City office. Noteworthy Projects: Central Industrial Park / RACER • 74 Acre divisible heavy industrial park directly adjacent to GM Fairfax plant • Union Pacific rail served with active switch Logistics Park Kansas City / BNSF • 1,000-acre intermodal project near Edgerton, KS. • Inland Port I – 500,000 SF speculative distribution building • DEMDACO – 326,650 SF distribution building Riverside Horizons • 240 Acre LEED Certified, masterplanned industrial & office park • 155,000 SF light, industrial & distribution facility - 89,000 SF Marlen International - 33,000 SF Velociti • 56,000 SF regional headquarters & distribution facility for Gallagher USA. • 169,000 SF light, industrial & distribution facility • 195,000 SF light, industrial & distribution facility - 138,000 SF PFG Vistar • 344,000 SF light, industrial & distribution facility - 256,000 SF Yanfeng USA Automotive Trim Systems Inc., General Electric – Industrial Systems: • St. Louis Lambert Airport – retrofit and power distribution upgrades including design, implementation and start-up while keeping Lambert Airport fully operational. • State Capital Building – Design, implementation and start-up of complete power distribution and energy management systems and software for the Missouri State Capital Building in Jefferson City, MO. • MEMC – Design, implementation and start-up of a $25MM electrical distribution, control, energy management and software systems for a microchip media manufacturer in St. Louis, MO. ARCO National Construction – Regional Director of ARCO’s Kansas City Office: • Earp Distribution, Edwardsville, KS. – 182,500 sq. ft. Headquarters & freezer (ammonia), cooler & distribution facility with 12K sq. ft. truck maintenance & fueling facility. • Keystone Foods, Philadelphia, PA. – 157,000 sq. ft. freezer, cooler & dry storage distribution facility with 10,000 sq. ft. Penske fleet fueling & maintenance facility in Philly, PA. • UNFI, Sacramento, CA – 480,000 ammonia freezer, cooler, produce, dry storage & corporate office facility for united Natural Foods’ distribution hub. The offices, facility and all refrigeration equipment are completely grid independent and powered exclusively by roof mounted solar arrays. • DHL – 140K sq. ft. facility renovation and addition of 15,000 sq. ft. fully automated sorting facility for DHL’s international operations. • Cardinal Health, Overland Park, KS. – Renovation & Class III Haz Mat addition to a 180,000 sq. ft. pharmaceutical storage & distribution warehouse. • Webco Manufacturing, Olathe, KS. – 186,000 BTS manufacturing facility for a tier 1 heavy steel component supplier to CAT, Peterbuilt & Kenworth. Education: University of Missouri – Rolla – B.S. Engineering Affiliations and community involvement: • Special Olympics • Catholic Charities • F.I.R.E. – Foundation for Inclusive Religious Education

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CFO

Brett Grady

With 9 years of accounting experience, Brett is responsible for overseeing internal and external financial reporting, overseeing the budgeting process, collaborating with investors on new projects, and manage the back office functions of NorthPoint (A/P, A/R, HR, IT). Prior to joining NorthPoint Development, Brett worked as an accountant for Block Real Estate Services and State Street Corporation, as well as worked as an Accounting/Sales Analyst for Hometown America Management in Kansas City.

Northwestern Mutual Real Estate Investments

Key Focus Areas
Acquisitions Asset Management Construction Development Leasing Property Management Real Estate Investing
Geographical Area
Mapped Location