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Kristofer Ronning

Kristofer Ronning

Followers of Kristofer Ronning447 followers
location of Kristofer RonningNew York, New York, United States

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  • Timeline

  • About me

    Vice President of Operations | Acquisition. Development. Construction. Management.

  • Education

    • University of South Dakota

      2003 - 2007
      Bachelor of Business Administration Business Management, Mathematics Dean's List (Fall and Spring 2003, Fall 2004, Spring 2007)

      Activities and Societies: Adopt-a-School, Delta Tau Delta Fraternity, Interfraternity Council, Coyote Investment Club, Coyote Capital Management, Stroller’s Cast, USD Crew, Greek Unity Council, Dakota Days Royalty Leadership: New Member Educator for Delta Tau Delta - Achieved 93% member retention rate

    • Columbia Business School

      2013 - 2015
      Master of Business Administration (M.B.A.) Real Estate and Finance

      Activities and Societies: Real Estate Association, Family Business Club, Follies, Snow Sports Club, Columbia Better Halves - VP of Events

    • Sør-Trøndelag University College (HiST)

      2008 - 2008
      International Business, Economics

  • Experience

    • Ronning Companies

      Sept 2008 - Aug 2013

      - I directed asset management activities and investments including the capital improvement program, contract negotiations, and vendor procurement for the multifamily and retail strip center real estate portfolio.- I identified and underwrote investment opportunities targeting multifamily properties and residential land acquisitions.- I supervised the construction, design, and sales teams tasked with developing neighborhoods, selling residential lots, and building model homes. Furthermore, I initiated and approved design plans and specifications for over 60 homes.- I increased the production and sales of single-family homes with a 3-year CAGR of 96%- I facilitated the entitlement process, infrastructure improvements, and oversaw sales and marketing for 8 housing developments on 600 acres.- I managed the wall panel manufacturing division leading to the production and delivery of an annual 50+ building packages.- I led the implementation and content development of the company's website custom-built for real estate functions that increased web traffic at a 4-year CAGR of 65%. Show less

      • Acquisitions Associate

        Jan 2010 - Aug 2013

      • Acquisitions Analyst

        Sept 2008 - Jan 2010

    • Quinlan Development Group

      Jun 2014 - Aug 2014
      Summer Associate

      Quinlan Development Group is a real estate investment and development company specializing in value-add real estate opportunities in New York City.- I underwrote and built financial models for acquisition analysis for value-add redevelopment investments in Manhattan, Brooklyn, and Queens.- I drafted construction loan request memos for multifamily and retail developments.- I conducted market research, analyzed lease comparables, determined pricing, and produced investor presentation materials for various development projects Show less

    • Ronning Companies

      May 2015 - now

      Ronning Companies is a real estate investment, development, and management company focused on creating residential neighborhoods and managing multifamily rental units and retail strip centers. - I provided on-going due diligence and valuation analysis for the acquisition and development of residential real estate.- I continuously evaluated the company's real estate portfolio by providing income and expense benchmarking, property-level analyses, and lease review.

      • Vice President of Operations

        Jan 2022 - now

      • Real Estate Consultant

        May 2015 - Dec 2021

  • Licenses & Certifications

  • Honors & Awards

    • Awarded to Kristofer Ronning
      Alexander Bodini Foundation 1st Place Prize Winner Paul Milstein Center for Real Estate Dec 2014 Eight teams competed in the Real Estate Project Class competition. Each team was tasked with developing and presenting its own investment strategy for actual properties owned by the real estate firms sponsoring the event.My team worked on behalf of the project sponsor, the Sterling Organization, a real estate private equity fund focused on value-add retail investments. Under consideration was the Golf Mill Shopping Center, an 80-acre regional mall located 15 miles from downtown Chicago… Show more Eight teams competed in the Real Estate Project Class competition. Each team was tasked with developing and presenting its own investment strategy for actual properties owned by the real estate firms sponsoring the event.My team worked on behalf of the project sponsor, the Sterling Organization, a real estate private equity fund focused on value-add retail investments. Under consideration was the Golf Mill Shopping Center, an 80-acre regional mall located 15 miles from downtown Chicago in Niles, Illinois. Though geographically well-positioned, the shopping center suffered from a suboptimal tenant mix, below-market rents, and a dreary aesthetic.We proposed a multi-faceted strategy for the site, including an indoor-outdoor redevelopment called “The Village at Golf Mill.” By removing undesirable tenants and replacing covered corridors with landscaped outdoor walkways, we designed a plan to bring much-needed vibrancy to the property. The strategy also included the addition of critical middle-market fashion retailers, a renovation of the existing AMC theater, and expansion of food and beverage offerings. We also recommended that Sterling assume the existing CMBS loan on the property in order to capture increased proceeds by refinancing the debt after improvements on the site. We successfully defended the sponsor’s title, as the 2013 Bodini winners also presented a Sterling project. Show less
    • Awarded to Kristofer Ronning
      Leadership Sioux Falls 27 Graduate Sioux Falls Chamber of Commerce May 2013 Since 1986, the Sioux Falls Area Chamber of Commerce has promoted and fostered the development of leadership in the greater Sioux Falls community. Leadership Sioux Falls is a program designed to meet the community´s need for active participation of informed and dedicated community leaders.

  • Volunteer Experience

    • Mentor

      Issued by Lutheran Social Services of South Dakota on Aug 2010
      Lutheran Social Services of South DakotaAssociated with Kristofer Ronning

    • Assistant to the Executive Director

      Issued by Habitat For Humanity of Greater Sioux Falls on Jun 2008
      Habitat For Humanity of Greater Sioux FallsAssociated with Kristofer Ronning