Executive Team

Which States

Gandolf is active in several states. We have established a list of states in which we are seeking land for new developments. Contact us if you know of a good piece of zoned land in any of these states. All brokers are protected.

Our Niche

Gandolf specializes in creating affordable housing. The housing we create offers rents which are targeted to people who make about 60% of the average medium income of the county. Residents who fall into this income category normally are policemen, firemen, teachers, and factory workers. To meet the needs of our tenant base we are normally able to provide rents which are at least 10% below market. Because of the various financing programs that we utilize, we require that residents qualify based upon income.

Learn More About Gandolf Group!

Gandolf was formed in August 2000, by hiring a management team with several years experience in the affordable housing industry. Its owner, PSC Funding, is an investment company with experience in the creation of assisted-living facilities in the greater Minnesota area through a sister company, Prairie Senior Cottages.

Prairie Senior Cottages operates dementia facilities in Willmar, Alexandria and Hutchinson, Minnesota. They are currently building, or planning to build, in other locations, primarily in Minnesota. The current CEO was previously involved with Kensington Cottages, an assisted living company, that sold out in 1998 in a multi-million dollar transaction to another national assisted-living company.

PSC Funding began Gandolf Group in order to complement their existing assisted living company. The business plan for Gandolf Group includes the development of affordable housing, primarily through the federal tax credit program, for families and seniors. Tim Oliver, a successful real estate investor, provides the overall leadership for both companies. To provide day to day management to Gandolf, PSC Funding hired two experienced affordable housing executives, Roger G. Peterson and Bruce E. Larson to form the initial management team for Gandolf.

For More Information About Our Management Team Check Out Their Bios!

Timothy J. Oliver
Chief Executive Officer
Roger G. Peterson
Chief Operating Officer
Bruce E. Larson
Vice President - Services
John Rocker
Vice President - Acquisitions
Carrie Klick
Asset Management
Amy Berg
Administration
Sara Bunn
Accounting

For additional information about Gandolf, download our resume with pictures of the cottage style developments.

Why GANDOLF?

Gandolf's management team has several years experience in the affordable housing market. They have successfully developed in over 12 states and produced over 1,500 units.

Gandolf has experience in both senior and family affordable housing. Their management team has taken projects from the concept stage through city approvals, construction and lease up. They are experienced at managing projects from afar and have a hands-on management style that produces a successful result whether it is for their own portfolio or in conjunction with a local housing authority, CHDO or another non-profit group.