Boerke, Richter Realty form property management division

Special to The Freeman

Sept. 27, 2013

Tom Richter
Submitted photo

BROOKFIELD – Richter Realty & Investment Inc. is partnering up with The Boerke Co. Inc. to start a property management division called Boerke Management Co.

Brookfield-based Richter and Milwaukee-based Boerke Co. will serve Metro Milwaukee. Boerke Management Co. will be led by Tom Richter, president of Richter Realty, and his 12 person team, according to a company statement.

Both companies saw the new division as a way to grow their firms, merge expertise and provide full commercial real estate brokerage, property management, receivership, project management and consultation under one unified brand.

“The discussion has been going on for some time now, but after sitting down and seeing the current and potential work overlays that were there, it was a perfect fit,” Richter said. “Both firms needed to bring our client service offerings full circle, and assembling two companies with great reputations and high integrity was an excellent way to do it.”

The new management division will put Boerke in an elevated class of commercial real estate firms, according to the statement. The partnership has already led to three assignments, the firms said, including an institutional client and a project management assignment for a tenant build-out downtown.

“We have always had a great working relationship with Richter’s group, with an exceedingly growing client base at both companies, and our global Alliance with Cushman & Wakefield taking hold in the region, we knew this would be a perfect time to officially launch the joint group,” said Andrew Jensen, Boerke’s managing partner.

“Today’s commercial real estate client base is looking for a ‘one stop shop’ for their needs, and coupling Richter and his team’s expertise, property management, and development services with our growing and experienced team, really positions us as a leader in southeastern Wisconsin for all things commercial real estate-related,” Jensen added.