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

211 Tower

Located in Detroit's Central Business District, 211 Tower sold for the first time ever in 2020, and Foster Financial was fortunate enough to be its first buyer. Built in 1961, it was home to Detroit Bank and Trust (now Comerica). 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. 

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.

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.

JLA 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 JLA 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. JLA is conveniently located within walking distance to their other Downtown property at 211 West Fort Street.

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.

 

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 
  • LinkedIn

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

Kyle Cooper

Director of Finance
  • LinkedIn

Kyle Cooper, CPA, is a graduate of Hillsdale College, where he majored in accounting, and was a Rhodes Scholar applicant. A former NCAA DII Midwest Player of the Year and All-American in basketball, Kyle played professionally in Spain after college. After returning to Michigan, Kyle began his finance and accounting career working at PricewaterhouseCoopers, LLP in financial services, providing financial consulting and assurance in the Private Company Services (PCS) group for multiple clients across various industries. As Director of Finance at Foster Financial, Kyle oversees financial reporting, implementation of accounting policies and processes, and day-to-day operations management. Additionally, Kyle assists in strategy development, investor relations, and human resource management. Kyle resides in Plymouth, MI with his wife and son.

Terese David

  • LinkedIn
Director of Office Operations

Terese David is a graduate of James Madison College at Michigan State University majoring in Social Relations and Policy with a minor in Theatre where she was also president of her sorority. Terese moved back to the Detroit area in 2020 after working in Washington, DC as a Chief of Staff for a boutique health care lobbying firm.  While at Jeffrey J. Kimbell & Associates, Terese assisted the President & CEO in daily activities, maintained firm compliance, assisted in regular human resource management and executed office events. Previously she also worked as the Director of Event Management for Magnum Entertainment Group, a full-service entertainment event planning firm. There she assisted clients from Fortune 500 companies and their employees to creating the ultimate client experience at various conventions and Washington, DC based events.

Doug Noble

Partner
  • LinkedIn

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

Asset Manager
  • LinkedIn

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). 

Radhika Kohli

  • LinkedIn
Junior Accountant

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. 

 
 

SERVICES

Construction Plans

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

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.

Construction Site

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. 

 

HIGHLIGHTS

Foster Financial Acquires 211 Tower in Downtown Detroit, Plans $10M+ Renovation

26211 Central Park Blvd Southfield

Foster Financial pays $5.1 million for Central Park Plaza

Southfield Development

Foster Financial Company: “We're Big Fans of the Southfield Story”

Joe Louis Arena Parking Deck in Detroit to Become Mobility Hub Following Sale

Foster Financial Acquires Tower 14 in Southfield

26400 Lahser Road Southfield

Grosse Pointe investor buys Southfield office complex for $5 million, plans renovations

TENANTS

download (7).png
908x908.png
download (5).png
download 6.jpg
1.jpeg
Logo+High+Res.png
england.jpg
kemper.jpg
habitat.png
Capture.JPG
Business Meeting
 

CONTACT

Inquiries

For any inquiries, questions or commendations, please call: (877) 927-2353 or fill out the following form

Contact Us

Foster Financial Company, Inc.

18000 Mack Avenue 

Grosse Pointe, MI 48236

 

hello@foster-financial.com

Thanks for submitting!

Employment

To join the team, please send a cover letter together with your C.V. to:

jobs@foster-financial.com

Media

For any media inquiries, please contact media@foster-financial.com

Give us a call: (877) 927-2353

  • Instagram
  • Facebook
  • Linkedin