ABOUT

Through strong partnerships and deep experience the Sower Capital team in partnership with Access Commercial has the capability to identify, underwrite and execute investment grade development and redevelopment opportunities throughout a variety of markets in the US. Our focus is to create value through the development of projects that are marketable at a significant margin to the actual cost of development. These projects are generally focused on irreplaceable sites in prime trade areas in the markets we target and therefore offer long term intrinsic value to weather any market cycle.

FUND CONTACTS

DARREN HICKS
PRINCIPAL/SR. MANAGING DIRECTOR

Darren began his career in commercial real estate with The Dial Companies two days after he graduated from college in 2004.  In May of 2009, Darren and Kirk Hanson formed ACCESS Commercial, LLC to provide focused development and brokerage services to select clients.  In early 2010, ACCESS formed a third-party store development service platform which contracted with expanding tenants to drive their site selection and construction projects.

By equipping a talented team with proven systems and processes, ACCESS now boasts over 300 successfully completed projects across 40 states.  The market knowledge across this geographical footprint, combined with brokerage, design, and contractor relationships in each region has become a key driver of development and investment opportunities for ACCESS and its affiliates.  In addition to day-to-day functions, Darren leads the development and investment team at ACCESS and acts as managing member and/or project developer on behalf of affiliated partnerships.  

Darren is a longtime member of the International Council of Shopping Centers (ICSC) and the Urban Land Institute.  He is a graduate of the Eller College of Management at the University of Arizona with a degree in Business Economics.

CURTIS LEICK

SENIOR FINANCIAL ANALYST 

Curtis Leick is the Senior Financial Analyst for Sower Capital Management. Curtis has extensive experience in investment analysis, underwriting, and due diligence. He works closely with senior management to evaluate new commercial real estate investment opportunities, perform due diligence support, and analyze the performance of current investments.

Curtis holds a Bachelor of Science in Business Administration with an emphasis in Finance and Economics and a minor in Accounting from the University of Nebraska-Lincoln. He is also a CFA Level Three candidate.

INVESTMENT OPPORTUNITY

MARKETS OF INTEREST

SCM will primarily target Midwest markets where the Principals have operational experience, while demanding a compelling case to enter markets where they do not. The markets of significant interest include mostly secondary and tertiary markets that have a positive outlook for a strong and diverse employer base. These characteristics have been consistent with most investments made to date and have led to predictable outcomes and performance.

PROJECT TYPES

BUILD-TO-SUIT:

The build-to-suit model provides for risk protection and predictability, and will be implemented with tenants and locations that align with our operating profile. The future utility and rent profile of the asset are considered to protect against downside in the event of a tenant rollover. Most importantly, a build-to-suit opportunity provides long-term ownership in very valuable sites.

REVERSE BUILD-TO-SUIT:
SCM has unique relationships with several single-tenant operators that prefer a reverse-build-to-suit model. This model essentially locks in the value at an above market yield and protects the investment from project cost risk. Most importantly, it provides long-term ownership in very valuable sites that will have outstanding 2nd and 3rd generation prospects.

NEW CONSTRUCTION (MULTI-TENANT):
Construction of new projects in markets that can provide a strong commitment from an ideal tenant mix will be considered.  This will include projects that have long-term potential for positive rental growth.  

ACQUISITION OF DISTRESSED PROPERTIES:
The acquisition of distressed properties will also be considered if there is a tangible opportunity to add significant value. Careful consideration will be made to mitigate development risks when evaluating a redevelopment site’s true potential. 

LAND PURCHASE OR ASSEMBLAGE:
If opportunities exist to acquire improved or raw ground that can be utilized for an SCM project in the near term, they will be considered. These purchases will only be considered if the acquisition of excess land allows for a value added opportunity through the land holding period.

 

CONTACT US

Darren Hicks

Principal/Sr. Managing Director

402.210.4624

dhicks@sowercapital.com

Curtis Leick

Senior Financial Analyst

531.218.4807

cleick@sowercapital.com

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FUND CONTACT:
Jared Hollinger
Chief Operating Officer
Chief Information Officer
jhollinger@sowercapital.com
‭(402) 707-7556‬