Kelly Doran launches Doran Properties Group in Twin Cities market May 10, 2021
Kelly Doran, longtime developer of commercial real estate in the Minneapolis-St. Paul region, has sold all remaining ownership interest in Doran Companies and is launching his new venture, Bloomington, Minnesota-based Doran Properties Group, with more than 160 employees and its entire real estate portfolio under its direct management.
“I’m excited to announce the launch of Doran Properties Group, a multi-generational development company I am starting with my son Evan Doran and a talented team of high-caliber leaders, many of whom I have worked with for years,” said Doran. “When I first sold majority-interest in Doran Companies two years ago, it was to get back to what I love most – which is developing, designing, building and managing a real estate portfolio under the exclusive control of our new company.”
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Veteran developer sells remaining interest in Doran Cos.
There’s a brand new commercial real estate development company in town, but it’s a little bigger than your average startup. The company already has more than 160 employees and a portfolio of properties worth more than $1 billion.
The new firm? Doran Properties Group led by veteran developer Kelly Doran and his son, Evan Doran.
The senior Doran has now sold his remaining ownership stake in his previous operation, Doran Cos. The new Doran Properties Group and the existing Doran Cos. are located on different floors of the same office building but are completely separate entities.