Steed Talker

CSC 98 Kenneth Holman: New Suite, New Office – Now What Do I Do?

Kenneth HolmanI began my real estate career while attending Brigham Young University. I obtained my real estate license while working for Colonial Realty in Provo, Utah. That summer, I sold subdivision lots for Terracor Corporation, the developer of Stansbury Park, located west of Salt Lake City, Utah and Bloomington, located south of St. George, Utah.

Upon graduation from BYU with a Bachelor of Science degree in Accounting and later that fall entered the Master of Business Administration (MBA) program at the University of Utah. After graduation, I began my career with Coordinated Financial Services, a financial planning company. Within a year of joining the company, I was asked to oversee the property management of several large apartment projects comprising over 1,000 units in Washington and Oregon. As CFS grew, I became president of its property management company where I oversaw the management of 5,000 apartment units in seven states: Utah, Oregon, Washington, Idaho, Colorado, Arizona and Texas.

During my time with CFS, I had actual hands on experience managing three large apartment properties in the Denver, Colorado metropolitan area where we managed over 1,000 units. About this time I also became a real estate broker in both Utah and Colorado. Additionally, I became a Certified Property Manager (CPM) with the Institute of Real Estate Management (IREM) and later a Certified Commercial Investment Member (CCIM) with the CCIM Institute.

Several years after joining CFS, I resigned to start my own real estate syndication and property management company, Kenman Corporation. Over the years we acquired apartment properties in Texas, Tennessee and Kentucky and, in 1989, changed the name to Overland Management and Realty Corporation. About this time, I became president of the Utah Apartment Association.  With Overland, we not only acquired, owned and managed numerous apartment properties, but we also developed 2,000 units in two states, Utah and Oregon. The apartment properties we developed had a market value of about $350 million. In all, the apartment properties I have owned and managed total nearly $1 billion.

Some of the most notable properties we have developed include:

  • Broadway Tower Apartment (96 Units) Salt Lake City, Utah
  • Quail Cove Apartments (420 Units) Layton, Utah
  • Palladio Apartments (234 Units) Salt Lake City, Utah
  • Emigration Apartments (236 Units) Salt Lake City, Utah
  • The Falls at Hunters Pointe Apartments (276 Units) Sandy, Utah
  • River Oaks Apartments & Suites (180 Units) West Jordan, Utah
  • Holly Ridge Apartments (440 Units) Gresham, Oregon
  • Heatherwood Apartments (264 Units) Gresham, Oregon
  • Renaissance Apartment Suites (60 Units) Salt Lake City, Utah

Palladio Apartments and the Residence Inn by Marriott Hotel, which we developed and owned won the Downtown Alliance Award of Excellence for Outstanding Design and Development and The Falls won an award from Sandy City for Outstanding Landscape and Design. Overland has also developed, owned and managed numerous other property types including, office, industrial, retail, hospitality and restaurants.

In addition to these accomplishments, I attended the University of Idaho and J. Reuben Clark Schools of Law for a year-and-a half (not to become an attorney but to learn real estate law and contracts). I am also a licensed general contractor and a founding member of the Centerville-Farmington Rotary Club and have served on the Davis County School District Foundation Board and as a member of the Centerville, Utah City Council.

Finally, I am the founder and president of the National Association of Real Estate Advisors (NAREA) and teach a series of designation classes to commercial real estate practitioners who want to earn the prestigious Certified Commercial Advisor (CCA) designation. One of those classes is on Managing Commercial Real Estate.

I consider myself well-qualified to handle all aspects of real estate development and management, particularly as it pertains to apartments.

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