01
Company context
Olympus Ventures is the Minnesota family office and private investment company of Richard M. Schulze, founder of Best Buy. Its commercial real estate portfolio spans industrial, healthcare, office, residential, and self-storage properties.
02
The challenge
Before underwriting began, Andrew Beranek relied on brokers for new opportunities, reviewed CoStar and Crexi listings, placed addresses into Google Earth, and used another data provider to check competition and rental rates. Reviewing every possible site nationwide was not practical.
"Too many potential sites nationally to review, so he stuck to familiar areas."Published case study
03
How they used Beacon
Within the first weeks on Beacon, Beranek found an emerging market off the coast of North Carolina that he would not have encountered through his familiar-market workflow. The location was 1,000 miles from his Minnesota office.
He added the location to his watch. Days later, Beacon alerted him to a three acre plot that fit the buying criteria.
04
The outcome
Beranek contacted the broker and submitted a letter of intent within two weeks of using Beacon. The workflow turned a distant, unfamiliar market into a concrete site opportunity that matched the team's criteria.