Katchen and Company was formed in 1962 with its primary business focus being the acquisition and commercial development of raw land and re-development of existing commercial real estate properties. The company has expanded its business base from these beginnings, but still remains active in the acquisition of property.

The Company's targeted area is the Denver metropolitan commercial real estate market. Acquisitions considered consist of raw land, apartments, retail, office, and industrial properties. Increases in population within this market have created a renewed demand for these products. The potential for stable and consistent increases in property values and income streams have made commercial property a sound choice as a tool for maximization of short term income and long term growth. Through market experience and aggressive research the management team of Katchen and Company is poised to select prime candidate properties for development or redevelopment, and exploit the favorable market conditions which exist taking advantage of the window of opportunity created by the lag between market pricing and market demand created by this growth.

Katchen and Company's concept is to identify and procure properties for development or re-development. Once acquired, the properties are managed to maximize the individual goals specific to each property. Some properties are held for short periods of no more than one year to realize asset appreciation from re-development. Other properties are held for periods of three to five years to assure that new developments have matured sufficiently to garner an equitable profit. Additionally, mature properties in the portfolio are maintained for periods longer then five years as sources for streams of income and equity appreciation.

Commercial real estate that will be considered for possible inclusion in the asset portfolio will be raw land, apartments, office, and industrial sites. To be considered as a possible candidate for inclusion into the portfolio, the property must meet the following criteria:

Raw Land
Land will be considered if it is a minimum of one acre but not in excess of thirty-five acres, with the optimal size of a site dependent upon intended use, market, and purchase price. Parcels will be purchase with the intent of immediate development, however, speculative land may be purchased if a short-term hold would realize above market returns.

Apartments
Apartment properties will be considered if they are a minimum of fifty units, with the optimal size being closer to one hundred units. This type of property could be a development, re-development, or equity appreciation project for the portfolio.

Office
Office properties will be considered if they are a minimum of a "B" building. This type of property could be a development, re-development, or equity appreciation project for the portfolio.

Retail
Retail properties will be considered if they are a minimum of 20,000 square feet. This type of property could be a development, re-development, or equity appreciation project for the portfolio.

Industrial
Industrial properties will be considered if they are adaptable to a mixture of uses and have not been previously occupied for uses which would have possibly exposed the property to contaminated materials. This type of property could be a development, re-development, or equity appreciation project for the portfolio.