Costello Property MNG

Costello Property Management, founded on decades of experience and a legacy of innovation, is dedicated to making a difference in the affordable housing industry. Our commitment to knowledge, experience, ability, and professionalism sets us apart from the rest.

Our journey began in the 1920s when John Costello, a Sioux Falls furniture store owner, ventured into real estate by building a house at 515 W. 13th Street. This was the humble beginning of a legacy that has continued for generations. His son, Tom, became the first approved FHA loan broker in South Dakota, while his grandson, Thomas P., was one of the first developers to offer subsidized housing in the area in the 1960s. Today, the legacy continues with Dan and Tom Costello, who have expanded Costello Companies into land development, housing compliance, and multi-family construction.

Our mission statement reflects our commitment to excellence and our dedication to our clients, partners, and residents. We believe in the importance of teamwork, the value of our team members, and the significance of maintaining long-term relationships.

Our Services

We offer a variety of services designed to meet the diverse needs of our clients and residents. Our services include:

• Development: We have developed over 40 affordable housing complexes in South Dakota, Nebraska, and Wyoming. Our expertise in this area ensures that we can deliver high-quality residential housing units that meet the needs of our residents and maximize the investment of our owners.

• Construction: Our construction services are tailored to provide efficient and cost-effective solutions. We have a team of experienced professionals who can handle all aspects of construction, from planning to completion.

• Compliance: Our compliance services ensure that all properties meet the necessary regulatory requirements. We have extensive knowledge of affordable housing regulations and can assist with compliance issues related to tax credits, section 8, and other programs.

• Service Bureau: Our service bureau provides comprehensive support to our clients, including financial management, accounting, and administrative services.

Our Executive Staff

Our executive staff is comprised of experienced professionals who are dedicated to delivering exceptional service to our clients and residents. Our team includes:

• Joan Franken: Owner/Costello Property Management; Managing Director, Costello Companies. Joan has been with Costello for 22 years and has been involved in and overseen the development of over 40 affordable housing complexes in South Dakota, Nebraska, and Wyoming.

• Jeff Brooks: Director of Business Development and Management. Jeff holds an extensive background spanning over two decades in multifamily property management, commercial real estate brokerage, and real estate development. He brings unparalleled expertise to his role and drives the establishment of operational controls, administrative frameworks, compliance protocols, and robust personnel systems.

At Costello Property Management, we are committed to making a difference in the affordable housing industry. We believe in the power of teamwork, the value of our team members, and the importance of maintaining long-term relationships. We look forward to continuing our legacy of innovation and excellence for generations to come.