Business Details
45 Years
experience
Your Trusted Commercial Real Estate Partner in Des Moines
Founded in 1981, Hurd Real Estate is a family-owned commercial real estate investment and development firm headquartered in Des Moines, IA. With over 40 years of experience, we specialize in real estate transactions, offering services including sale-leaseback arrangements, build-to-suit development, property management, and brokerage. Our conservative, disciplined approach prioritizes long-term relationships and client satisfaction, supported by a national network of industry connections. We have acquired and managed over 200 income-producing properties across 20 states, focusing on retail, office, medical, and industrial sectors.Our teams expertise in fast underwriting and deal negotiation has enabled clients to close transactions within a week. Recognized for transparency and market knowledge, we serve clients like Associated Bank, Kum & Go, and UnityPoint Health. Our leadership team, including Founder & President Richard Hurd, combines generational experience with continuous market education to deliver tailored real estate solutions. We prioritize creative deal-making and financial discipline, ensuring clients receive maximum value from their real estate assets.
Services
Real Estate Investment
Sale-Leaseback
Build-To-Suit Development
Brokerage
Property Management
Site Selection
Municipal Approvals
Construction Management
Investment Sales
Tenant Representation
Details
- Year established: 1981
Highlights and features
- We have over 40 years of experience in commercial real estate transactions.
- Our team closes deals within a week using efficient underwriting processes.
- We maintain a conservative, disciplined approach to financial risk management.
- Our national industry network ensures access to diverse investment opportunities.
- Clients consistently praise our transparency and long-term relationship focus.
What people say
Terrific business sense
Fast turnaround
Well-respected businessman
Straight deal
Expert in negotiating
Services
Real Estate Investment
We acquire existing investment properties in retail, office, medical, and industrial sectors. Our focus includes net-leased properties and distressed assets with high-credit tenants. With $2 million to $250 million transaction capabilities, we prioritize well-located or turnaround opportunities. Our private ownership structure enables quick decision-making and creative deal solutions.
Sale-Leaseback
Our sale-leaseback program provides capital liquidity through real estate portfolio monetization. We specialize in 15-30 year lease terms with rapid 30-90 day closings. Clients benefit from tax-deductible rent payments and 100% market pricing, compared to 60-80% through debt financing. This solution works best for established businesses seeking operational flexibility.
Build-To-Suit Development
We deliver turnkey build-to-suit projects leveraging local market expertise and municipal relationships. Our services include site selection, approvals, and construction management. Clients receive customized lease terms while maintaining operational control. Our regional knowledge ensures projects complete on time and within budget, supported by trusted contractor partnerships.
Brokerage
Hurd Commercial Brokers handles investment sales and leasing across all property types. We provide tenant representation, land sales, and single-tenant net lease transactions. Our national broker network and marketing capabilities position us as trusted advisors for clients seeking comprehensive commercial real estate solutions in multiple states.
Property Management
We manage over 200 income-producing properties nationwide, focusing on retail, office, medical, and industrial assets. Our services include lease administration, tenant relations, and financial reporting. Our long-term client relationships demonstrate our commitment to protecting property value while optimizing returns through proactive management strategies.
People
Richard Hurd
Founder & President
Richard Hurd built Hurd Real Estate through conservative, thoughtful real estate transactions. With national industry recognition, he specializes in negotiating complex deals and maintaining long-term client relationships. His expertise spans 40+ years of market cycles.
Richie Hurd
Chief Operating Officer
Richie Hurd oversees daily operations, leveraging generational real estate experience. He focuses on transaction execution and operational efficiency while maintaining the company's disciplined financial approach established by founder Richard Hurd.
Daniel Hurd
Executive Vice President
Daniel Hurd manages key client relationships and investment strategies. With deep market knowledge, he contributes to the firm's growth through strategic acquisitions and development opportunities across multiple property sectors.
Kristin Hurd
Chief Communications Officer
Kristin Hurd leads marketing and client communications, ensuring consistent messaging across all platforms. She manages brand strategy and client engagement initiatives for the 40+ year-old commercial real estate firm.
Questions
What commercial real estate services do you offer?
We provide real estate investment, sale-leaseback transactions, build-to-suit development, brokerage, and property management services across retail, office, medical, and industrial sectors.
How quickly can you close real estate deals?
Our efficient underwriting process enables closings within a week for qualified transactions, with standard sale-leaseback deals typically closing in 30-90 days.
What property types do you specialize in?
We focus on retail, office, medical, and industrial properties nationwide, handling both income-producing assets and build-to-suit development opportunities.
How does your sale-leaseback program benefit businesses?
Our sale-leaseback program provides immediate capital liquidity while maintaining operational control, offering tax-deductible rent payments and 100% market pricing realization.
What acquisition criteria do you use?
We target $2 million to $250 million transactions in retail, office, medical, and industrial sectors, preferring properties with 10+ years remaining on leases or distressed turnaround opportunities.
How does your brokerage division operate?
Hurd Commercial Brokers handles investment sales, leasing, and land transactions nationwide, leveraging a national network of industry contacts to provide comprehensive real estate solutions.
