Erik currently leads the real estate department and project management staff of the Southern California division of the nation’s largest charter school management organization, overseeing a portfolio of 17 owned & operated properties.

 

Working with brokers to identify existing commercial properties, raw land & urban infill sites, Erik sources property acquisition opportunities for new developments.  He then manages the due diligence, schematic project design, and development budget feasibility required to close all property and land acquisitions.  

 

This process entails reviewing ALTA surveys and title reports, assessing any risks identified within environmental and geotechnical investigations, plus confirming local zoning restrictions and development standards.  

 

Erik works closely with design professionals and consultants (architects & engineers, transportation experts, CEQA planners & land use attorneys) to procure the required ministerial entitlement approvals from city planners, or discretionary Conditional Use Permits (CUP) from elected or appointed governmental officials, needed to construct a new project.

 

Over the past two decades, Erik has managed the bidding & selection of contractors for the construction of dozens of noteworthy ground-up developments and tenant improvement projects.  He has extensive experience modeling development proformas & property valuations to underwrite new construction loans and property acquisition financing.  Erik has also negotiated and executed commercial leases and sale-leaseback deals for over a quarter million square feet of rentable space as both a landlord and tenant’s representative.

 

Erik obtained a Master of Business Administration from the Marshall School of Business at the University of Southern California, focused on real estate & finance, after completing his Bachelor of Arts in Architecture from the College of Environmental Design at the University of California, Berkeley.

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If you are interested in collaborating on new commercial real estate developments or investment opportunities, please connect via email at erik@erikrand.com or www.linkedin.com/in/erik-hagstrom-a972b319