IT'S WHO WE ARE

foster | verb. to encourage or promote the development of (something, typically regarded as good): the teacher's desk is to foster learning. | develop (a feeling or idea) of oneself: appropriate praise helps a child foster a sense of self-worth.

AND WHAT WE DO

Foster Financial is an opportunistic real estate investment group specializing in deep value-add development, with a focus on multi-tenant office buildings. Our mission is to create long-term value for our partners by investing not only in our properties, but also in the communities where they are located.

Making our Mark on Metro Detroit

$250M

of assets under management

50

operating employees

2.4M

square feet of commercial space

FEATURED PROJECTS

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211 Tower

Foster sold the prominent 211 Tower building in 2023 for a 5X return on equity. Located in Detroit's Central Business District, Foster Financial was fortunate enough to be the building's first buyer since it was constructed in 1961. The building is 450,000 SF and encompasses a variety of GSA Tenants, including the US Bankruptcy Court and The US Attorney's Office. Its location near the TCF Center and the US Courthouse makes 211 Tower desirable for GSA and private sector tenants alike.

S O L D

Central Park Plaza

Central Park Plaza is a 130,000 SF office building located in the heart of Downtown
Southfield, MI. Purchased with an occupancy of only 45%, in just 22-months,
Foster was able to bring CPP to a 90% occupancy level. The property was
refinanced in just under 2 years with full payback of initial capital.

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Lahser Center

This complex features two adjacent office buildings totaling 175,000 SF. Upon acquisition, the total occupancy was at 40% and declining. In 10 months, the property boasted a 75% occupancy rate with new deals being signed constantly. This property has a refinance target of Summer 2020.

This complex features two adjacent office buildings totaling 175,000 SF. Upon acquisition, the total occupancy was 40% and declining. In 10 months, the property boasted a 75% occupancy rate with new deals being signed constantly. Currently, the property maintains an 85% occupancy rate.

The JOE Garage

This complex features two adjacent office buildings totaling 175,000 SF. Upon acquisition, the total occupancy was at 40% and declining. In 10 months, the property boasted a 75% occupancy rate with new deals being signed constantly. This property has a refinance target of Summer 2020.

Consisting of more than 3,000 parking spaces, the JOE Garage is part of Detroit's real estate history. Foster Financial has a multi-million dollar renovation planned, including transforming the deck into a mobility hub for the City of Detroit. Improvements include: LED lighting, EV charging stations, car wash facilities, dry cleaning pick up/drop off, and a shuttle service. Foster is committed to keeping parking rates affordable while offering state-of-the-art amenities.

20902 Mack

This complex features two adjacent office buildings totaling 175,000 SF. Upon acquisition, the total occupancy was at 40% and declining. In 10 months, the property boasted a 75% occupancy rate with new deals being signed constantly. This property has a refinance target of Summer 2020.

20902 Mack is an 8,000 SF, boutique office building located along one of Grosse Pointe's bustling retail corridors. It was purchased empty in 2017, then fully renovated and leased up in a matter of months. Among other tenants, it is currently the home of Greco Title Company (now ATA Title), a household name in Grosse Pointe.

20902 Mack is an 8,000 SF boutique office building located along one of Grosse Pointe's bustling retail corridors. It was purchased empty in 2017, then fully renovated and leased up in a matter of months. Among other tenants, it is currently the home of Greco Title Company (now ATA Title), a household name in Grosse Pointe.

PROJECTS

This complex features two adjacent office buildings totaling 175,000 SF. Upon acquisition, the total occupancy was at 40% and declining. In 10 months, the property boasted a 75% occupancy rate with new deals being signed constantly. This property has a refinance target of Summer 2020.

This 275,000 square foot, 14 story office tower offers excellent signage. Purchased empty by Foster Financial, Tower 14 is currently undergoing major cosmetic and systems renovations. The lobby has been completely remodeled with finishes including a custom quartz reception desk and seamless glass. The entire building's heating and cooling systems have also been upgraded. Within 10 months of acquisition, Tower 14's first full-floor lease was signed.

Tower 14

This 275,000 square foot, 14 story office tower offers excellent signage. Purchased empty by Foster Financial, Tower 14 is currently undergoing major cosmetic and systems renovations. The lobby has been completely remodeled with finishes including a custom quartz reception desk and seamless glass. The entire building's heating and cooling systems have also been upgraded. Within 10 months of acquisition, Tower 14's first full floor lease was signed.

MEET THE

TALENT

Brad Foster

President

Brad Foster is a graduate of The Wharton School of Business at the University of Pennsylvania. As an avid entrepreneur, Brad started his first company at 10-years-old. In 2013, Brad founded Foster Financial Company after successfully developing, and selling, a boutique hotel in Costa Rica. Highlighted as a Crain’s 20 in Their 20s (2013) and as a “Dynamo to Watch”, Brad has since successfully lead the acquisition of over 12 office complexes, closed on roughly $120M of real estate transactions, created an in-house construction team, and development of a full-service property management company. Through Foster Financial, Brad owns approximately 2.4M square feet of commercial real estate in Michigan with a portfolio worth nearly $250M

Radhika Kohli

Controller

Radhika Kohli is a graduate of Wayne State University where she graduated with a Bachelor’s degree in Finance. She later returned to Wayne State to obtain her M.B.A. in Financial Accounting. During her Bachelor’s and Master’s degree, she worked within the Quicken Loans Family of Companies to gain experience in different areas of Accounting and Finance. Following Quicken Loans, she worked in a variety of roles that have allowed her to gain expertise in her field. Radhika joined Foster Financial as a Junior Accountant in 2021 to assist the Director of Finance with handling the Accounts Payables, Receivables, and bookkeeping for the properties under the Foster Financial umbrella, while also handling day-to-day financial tasks. Radhika now handles a majority of the accounting, as well as human resources.

Doug Noble

Partner

Doug Noble is a graduate of University of Michigan - Dearborn. After college, Doug worked as an Associate for MB Real Estate Downtown Chicago, where he got his first taste of commercial real estate. In 2014, Doug was recruited to work for a Grosse Pointe Family Office, Becker Ventures, and was tasked to help manage several high-profile real estate holdings and other internal investments. After leaving Becker Ventures, Doug then joined Foster Financial as a Partner with the goal of establishing a cash flowing real estate portfolio. Doug is responsible for heading up over 300,000 square feet in new leases signed within the portfolio, while helping manage fund raising, investor relations, acquisitions, and due diligence.

Brad Carson

VP of Development

Brad Carson is a Finance and Real Estate Development graduate of Central Michigan University, where he was selected to compete in a nationwide REIT management competition. Brad joined Foster Financial after successfully starting and disposing of a commercial renovation business in Mid-Michigan. Bringing a breadth of construction, management, and business expertise, Brad is responsible for overseeing day-to-day property management, renovations of Foster's assets, and managing Foster's staff of property managers, building engineers, and construction teams. Brad currently manages a full-time staff of over 50 employees throughout Foster's portfolio. Brad is also an active member of PRES (Professional Real Estate Society).

TALENT

SERVICES

Asset

Management

Foster acts as the sponsor for all our real estate investments. We handle the deal sourcing, acquisition, financing, capital stack organization, and the ongoing financial health of an asset. This includes refinances, oversight of property management, and eventually, the disposition of our properties.

Property

Management

No one takes better care of an asset than its owner, which is why we believe in managing our own properties. Foster has a robust, full-service operation for property management, which includes accounting, reporting, on-site personnel, payroll, and leasing.

Project

Management

With an in-house construction company, Foster can keep capital expenditures down for investors, while providing turn-key buildouts to tenants with no cost to them. This adds value for prospective tenants and puts our buildings at the top of their short list.

PRESS