ÀLMR - PORTLAND, OR
NORTHWEST / NOB HILL

We are excited to report that Àlmr’s ground-floor retail space is fully leased. In August, Scottie’s Pizza Parlor, a Portland-based pizzeria specializing in finely crafted handmade pizza, leased 2,101 SF space on 21st Avenue formerly occupied by Kyra’s Bakery. Scottie’s will start its buildout by early Q4 and anticipates opening by year end. Mexican restaurant Calle 21 is making progress on its buildout. We will keep you posted on the status of these tenant buildouts and planned opening dates as more information is available.

OVERLAND WAREHOUSE - PORTLAND, OR
OLD TOWN

We are pleased to welcome Dustin Tolman as a new tenant at our historic Overland Warehouse building. Dustin is a distinguished filmmaker, most notably specializing in sports, entertainment, and sneakers. We can't wait to see what he creates for our Oregon community and beyond from his new workspace.

Explore Dustin’s work: https://www.dustintolman.com/

LYRA - PORTLAND, OR
CONCORDIA

Charter Construction wrapped up “warm shell” improvements to Lyra’s ground-floor commercial space in July. Soon after we signed a new tenant, Upper Moon, a tattoo studio specializing in plant-based ink and vegan products. Upper Moon will occupy 1,315 SF under a 64-month term, and is anticipated to begin its buildout by early Q4 2022.

HOTEL GRAND STARK
CENTRAL EASTSIDE

Hotel Grand Stark continues to impress. In August, Travel + Leisure recognized it as one of Portland’s best hotels of 2022 in its digital roundup. According to the write-up, Hotel Grand Stark is “one of the best hotels to open last year” and one that “excels in design.” Travel and Leisure’s website has an expansive reach of 8.7 million monthly visits.

Can you describe your background and what drew you to the real estate development profession?
I’ve been working in the real estate industry for over 10 years. I first gained awareness of the industry while I was in graduate school for urban and regional planning and realized that I wanted to be part of an organization that was improving the built environment either through renovations, adaptive re-use or ground up development.

What’s your favorite part about working in investor relations? What are the biggest challenges?
I enjoy meeting investors and hearing both personal and professional stories. I like getting to know families and their advisors, not just the key decision maker, so that I can better understand the decision making process and how I might be able to assist or augment their knowledge of their options. The biggest challenges tend to be both regulatory which limits what we can say and in what context as well as how to communicate when investments don’t turn out the way we had projected.

What unique talents and skills do you bring to the role and to the team?
I am a naturally inquisitive person and lifelong learner. I pride myself on getting answers to investor questions even if I may not know the answer off the top of my head. I go out of my way to avoid jargon and acronyms because I’ve found that more people than one might expect will avoid asking questions if they don’t understand a term for fear of looking like they should already understand.

What do you hope to accomplish in your first year on the job? What are you looking forward to the most?
I hope to meet all of UD+P’s investors and get to know many of them. I’m also looking forward to touring all of the assets in the portfolio with our team.

What drew you to UD+P?
I was very much drawn to the investor-first approach to UD+P’s investment structure. I found the approach to building architecturally distinctive assets in neighborhoods on a path of growth to be a compelling approach to real estate development. With my background in urban and regional planning I was fascinated by the co-housing expertise on our team and pleased to see that UD+P had been successful at organizing and building these unique communities. I also am a resident of Lake Oswego and when I saw the news a few years ago about the hotel and multifamily development I wanted to be part of seeing the project come to life. I was fortunate that an opportunity to join the team presented itself earlier this year.

What is something you’ve accomplished in life that you are proud of?
Professionally, I was proud to have raised capital sufficient to close on a $100+mm multifamily project in Atlanta, GA.

What brings you joy?
Spending time with my 11 year old daughter and 8 year old son, especially in these uncertain and challenging times. They are a joyful and constant reminder of why the future matters and we all have a role to play in pitching in to help make our families and communities a little more equitable.

What have you been reading lately? 
The First 90 Days by Michael Watkins, to help onboard effectively at UD+P, and Thinking in Bets by Annie Duke to give me some additional tools to make better decisions.

What is one thing that investors might not know about you that you would want to share with them?
I was fortunate to get the opportunity to play trombone at the North Sea Jazz Festival in the Netherlands when I was in high school.

Find out more about Lincoln and other UD+P team members here.