What is the "Cash on
Cash" return?
"Cash on Cash" return is a measurement (expressed in a percentage) of the return on the actual cash or equity invested into an income producing property. (learn more)


What is Debt Service
Coverage Ratio (DSCR)?
The debt service coverage ratio (DSCR) is a widely used tool for lenders to evaluate the ability for a property's income to cover the monthly and annual debt service. (learn more)


What is a Loan-to-Value
Ratio?
The Loan-to-Value Ratio (LTV) is the ratio between the loan amount (or balance) and the market value (or price) of the property expressed as a percentage. (learn more)


What is Leverage?




MICHAEL K. HOUGE, CCIM, SIOR

Email:
michael@upland.com

Phone: (612) 376-4474

 


EXPERIENCE

  • Nineteen years of experience in project leasing and investment sales
  • Specialist in the sale of net-leased, investment properties and sale/leaseback transactions
  • Expert in Tenant-In-Common (TIC) transactions
  • Co-Founder of Upland TIC Sales
  • Completed over half a billion in investment sales
  • Former Senior Vice President of Reliance Brokerage Corporation; in charge of company's brokerage activities
  • Former Senior Vice President of The Shidler Group; in charge of marketing for the Minneapolis office
  • Former Senior Associate at Towle Real Estate (Colliers Turley Martin Tucker); "back to back" winner of Master's Level Award (1997 and 1998)
  • National Deal Maker of the Year Award (1997), (Colliers Turley Martin Tucker)
  • Leased over 1 million square feet as landlord and tenant representative
  • Frequent contributor and author in various trade publications
  • Completed over $120 Million in Tenancy-In- Common (TIC) sales in 2004
  • Co-Founder Upland Capital Advisors, LLC


EDUCATION

  • Bachelor of Arts, College of Liberal Arts, University of Minnesota, Minneapolis, Minnesota
  • Minnesota Real Estate Broker License
  • Iowa Real Estate Broker License
  • South Dakota Real Estate Broker License
  • Commercial Investment Real Estate Investment Curriculum (CCIM)
  • Significant and active participation in industry seminars and symposiums
  • North Dakota Real Estate Broker License


MEMBERSHIPS

  • Designee, Certified Commercial Investment Member (CCIM) - Minnesota-Dakotas Board of Directors 2001-present
  • Designee, Society of Industrial and Office Realators (SIOR) - National Chairman of Benefits and Services Committee 2004-2006
  • Certified Commercial Investment Member (CCIM) – Minnesota-Dakotas Chapter President-Elect
  • Certified Commercial Investment Member (CCIM) – Minnesota-Dakotas Chapter Forecast Committee Chairman 2005
  • Society of Industrial and Office Realators(SIOR) - President of Twin Cities Sub-Chapter 2004
  • Society of Industrial and Office Realators (SIOR) - National Chairman of Technology Committee 2003
  • Minnesota Association of Realtors (MAR)
  • Minnesota Commercial Association of Realtors (MNCAR)
  • Minnesota Shopping Center Association (MSCA)
  • International Council of Shopping Centers (ICSC)
  • National Association of Realtors (Commercial Alliance) (NAR)
  • National Association of Realtors (NAR) –Commercial Real Estate Research Sub-Committee
  • Real Estate Cyber Society (RECyber), Charter Member
  • National Association of Industrial and Office Parks (NAIOP)
  • Mortgage Bankers Association (MBA)
  • Tenant-in-Common Association (TICA)
  •  

PERSONAL

Michael is married with three children and lives in Burnsville Minnesota. His interests include spending time with his family, hunting, traveling, boating, snowmobiles, All-Terrain Vehicles, golf, politics, reading and technology. Mr. Houge is a lifelong student and has many passions. He values his family first, but brings to his business a Scandinavian work ethic along with Midwestern values. Michael’s motto is: “People first, property second…make a difference.”

EXTENDED/SHORT BIO FOR MICHAEL HOUGE

 

 

 

 
 
Upland Capital Advisors | 3800 Wells Fargo Center | 90 South Seventh Street | Minneapolis, MN 55402
1-888-655-1031 | (612) 332-6600 |
EMAIL
Copyright 2003 Upland Real Estate Group