What “The Maverick Mindset” is all about
- Maverick Property Group
- 5 days ago
- 3 min read
Welcome to the inaugural edition of The Maverick Mindset Newsletter, your inside look into the strategies and insights driving Maverick Property Group.
We're Dan Frank and Max Foster, the managing partners behind Maverick, and we're passionate about acquiring and enhancing quality apartment building assets throughout Minnesota.
With a combined 25 years of experience in real estate acquisition, management, and successful exits, we've built our expertise from the ground up, starting with 40 single-family rentals across the Twin Cities.
Now, we’re channeling that hands-on know-how into the residential apartment building arena.
In this newsletter, we'll be sharing:
Investment Opportunities: First looks at potential deals we're excited about pursuing.
Multifamily Investment Strategies: Our proven methods for maximizing returns.
Maverick Moves: In-depth analyses of our own deals and market insights.
Landlord Laughs: Entertaining and insightful anecdotes from our property management journey.
The Maverick Minute: A quick, educational take on real estate investing topics.
Our Story:
Max and Dan's real estate investing journey began over a decade ago with a shared vision: harnessing real estate’s power to generate passive income, deliver reliable returns, and build long-term wealth.
Since 2010, we’ve been actively investing, starting with 40 single-family rentals before shifting our focus in 2022 to acquiring and self-managing multifamily apartment buildings.
By leveraging the 1031 exchange, we’ve scaled strategically, reinvesting gains into larger, more efficient assets. But what truly sets us apart is our hands-on approach. Every deal is an opportunity to unlock hidden value, optimize operations, and create properties that thrive.
At Maverick Property Group, we don’t just invest in real estate—we transform it. The Maverick Mindset is about spotting untapped potential, making smart, calculated moves, and creating lasting value in every deal we touch.
We target strong Minnesota markets where job growth and housing demand fuel stable returns. Our strategy is simple but effective: acquire well-located multifamily properties with upside potential, execute targeted renovations, and optimize management to drive NOI growth. By sourcing deals directly from owners and leveraging key relationships, we secure opportunities others miss.
Our involvement doesn’t stop at acquisition. We take a hands-on approach, modernizing unit interiors, enhancing curb appeal, and improving operational efficiencies to boost tenant satisfaction and asset performance. With in-house management, we ensure every property runs at peak potential, maximizing returns while maintaining quality housing for residents.
Most importantly, we invest with long-term vision. Whether repositioning properties, refinancing, or executing strategic exits, we make disciplined decisions backed by deep market expertise.
This is The Maverick Mindset—how we invest, how we grow, and how we win. Stay tuned as we share insights, strategies, and the moves shaping our portfolio.
Crown Apartments Success Story
In December 2023 we acquired Crown Apartments, a well-maintained 19-unit building in Faribault, MN with strong upside potential. The property featured a stucco exterior and a durable metal roof, making it a low-maintenance asset with solid fundamentals. Despite being in excellent condition, rents were below market, presenting an opportunity for strategic rent increases and improved cash flow.
One unique aspect of this deal was our ability to negotiate 12 months of free property management as part of the purchase agreement, since the previous owner also owned a property management company. This allowed us to benefit from hassle-free operations while still capturing the upside of rent growth.
Over our 12-month hold, we saw significant gains from rent increases and steady cash flow, leading to a successful exit in December 2024.
Key Performance Highlights (12-month hold period)
✅ ROI: 111%
✅ Equity Multiple: 2.11x
✅ $46,000 in cash-flow
✅ 98% occupancy
Crown Apartments was a prime example of finding a strong asset, negotiating favorable terms, and executing a profitable exit—all core principles of The Maverick Mindset. Stay tuned as we continue making strategic moves in multifamily investing!
1031 Exchanges Explained
A 1031 exchange is a powerful tool for real estate investors, allowing you to defer capital gains taxes by swapping one investment property for another. In a traditional 1031 exchange, you first sell your current property and then and reinvest in a replacement within strict timelines (45 days to identify, 180 days to close). Alternatively, a reverse 1031 exchange lets you secure the replacement property before selling your current asset, offering extra flexibility in competitive markets. Both approaches require careful planning and execution, but when done right, they can be a game changer for building and maintaining your real estate portfolio.
2025 Updates: Key Changes to Minnesota Tenant-Landlord Laws
Download your free copy of the 2025 Tenant/Landlord Laws below.
Got an Apartment Building to Sell? We’re Interested!
Max Foster & Dan Frank are co-founders of Maverick Property Group, an investment company specializing in apartment buildings and multifamily assets. Register Here to be notified of upcoming investment opportunities.
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