Richard Hutsell – Secretary Treasurer

Richard Hutsell

Mr. Hutsell is the Secretary Treasurer and President of Preservation Housing Trust, and also serves as the President and Managing Partner of Premier Management, a full service real estate company based in Minnesota.  He has a 25 year proven track record of the successful ownership, management and development of multi-family real estate.  Over the last 20 years he personally developed a nationally recognized property management model and has been involved in the development/rehabilitation of thousands of units of multi-family housing.  In 2010, he founded Premier along with his business partner Marvin Kotek.  In just eight years, the company has grown to over 2,700 units in 40 communities in five states.  He has assembled one of the most talented corporate staff in the region.

Mr. Hutsell is also a principal in the Minneapolis based development firm of MDR Development LLC. In the last five years they have completed several development deals and syndications of multi- family assets.  The completed projects have a value in excess of 200 million dollars.

Mr. Hutsell is a recognized leader in housing management and development having managed cumulative portfolios of over 150 properties located throughout the Midwest with assets in excess of one billion dollars and annual operating budgets of over 100 million.   He is a state licensed Real Estate Broker, has a skilled background in commercial /residential brokerage and acquisition, and property appraisal.