Our Legacy

Real Estate will always be a business based on a focused vision, through practical experience and personal trust. The background and experience of Grand Peaks runs long and strong. As a Simpson family entity, Grand Peaks draws upon the family's expertise and knowledge which has developed over 69 years of experience. This long-term knowledge and experience has been passed on through the family from generation to generation.

Grand Peaks strives to apply its expertise through partnerships with financial institutions, governmental agencies, joint-venture partners, vendors and other associates in maximizing the potential of its associate's ongoing goals.

What We Do

  • Grand Values
  • What We Do
  • Team

Vision. Mission. Values

The Grand Peaks philosophy is based on a combined vision of potential growth and the practical skills required to develop and implement diversified real estate management programs.

Our EXPECTATION is not to be the largest property management company, but the best. Being the best takes more than a promise...it takes commitment. We are committed to delivering the highest quality and value, and maintaining a superior standard of service for our residents, our investors and our associates. These are our GRAND EXPECTATIONS. Our people, our management style and our company culture are what make us one of the most preferred multifamily real estate companies to owners, employees and associates in the nation. 

As the parent company of all Grand Peaks Companies, Grand Peaks Properties is a totally integrated organization capable of uniting its considerable resources to meet the goals, expectations and demands of owners and investors. Grand Peaks has successfully combined innovative development expertise with creative real estate financing and a disciplined approach to property management. The success of the properties has provided Grand Peaks with substantial financial strength, enabling it to extend its activities into many facets of the real estate industry. A record of successful operations has allowed the company to develop strong working relationships with many of the largest and most respected financial institutions in the country.

Property Management

  • MANAGE
  • ACQUIRE
  • DEVELOP

Strategic Management

Strategically headquartered in Denver, Colorado, Grand Peaks Property Management is a fully integrated apartment management company. We specialize in all aspects of multifamily management from luxury to tax credit communities. We excel in the management, marketing and lease up of apartment communities; with acquisition, disposition and redevelopment consulting expertise.

Central to the Company's success has been its ability to attract outstanding people to the organization. They have joined our team because Grand Peaks provides a special environment for the talented real estate professional. Imagination is valued, as is hard work and the entrepreneurial spirit. The offices are staffed with seasoned professionals who have a wealth of multifamily real estate experience, remarkable creativity, and who are highly trained in generating optimal returns for the owners. Grand Peaks' sets aggressive leasing targets and establishes rigorous cost controls. All communities have a specific Management Plan, which includes renovations, repositioning and other strategies, designed to create incremental appreciation in value. The quality of our employees work and integration of their efforts in pursuit of our corporate objectives are the best guarantee of Grand Peaks and the owner's success.

Focused Acquisitions

During the analysis of a property acquisition, we give careful consideration to the future sale of a property. This careful consideration of an exit strategy analysis is an important approach and is incorporated into our initial acquisition.

We target core markets which have been historically profitable in development, construction and acquisition endeavors and demonstrate above average population growth, strong employment characteristics, and consistent and sizeable institutional investment demand.

Once an opportunity has been identified, due diligence teams from finance, property management, and marketing proceed on separate, but parallel tracks to analyze a property's potential. The neighborhood, demographics, job growth and market analysis are key factors in the initial financial analysis of capital expenditures, income and operating expenses. This data is compiled into operating budgets and five to ten year projections. Depending upon the property, the budgets may include lease-up, rehab and stabilized budgets. The goals of these projections are to calculate the return on investment and the associated risks.

After rigorous due diligence, the final acquisition approval is determined by Management, who is ultimately responsible for the performance of each property acquired.

Acquisitions Criteria:

Grand Peaks owns and manages communities that range in character from Section 42 tax credit properties to class A trophy communities. As such, the acquisition criteria are broad, focusing on projects across the United States of 150 units or more, with a market value greater than 10,000,000.

 

Development Expertise

Grand Peaks has one of the most experienced, successful and well-respected development teams in the multifamily industry. Collectively, various members of Grand Peaks Properties development team brings over 40 years of active real estate development experience in markets ranging from San Diego, CA to Tampa, FL. Future ground-up development is one of the core strategies for the growth of the company.

When evaluating a new development, Grand Peaks strategy is to locate sites and design buildings under the assumption that they will be held as long-term investments. Therefore, we believe it is not in our best interests to cut corners by selecting inferior locations or building with substandard construction techniques. While Grand Peaks may look as selective dispositions over time, it is our belief that this "build for the long-term" philosophy will serve us well.

At present, the company owns land for development either directly in Texas, Colorado, Orgeon and Washington.

Leadership. Guidance. Direction.

Grand Peaks' leaders bring decades of real estate experience to every project and every deal.

Grand Peaks Properties

Grand Peaks Property Mgmt

Donald A. Simpson

Chairman - Grand Peaks Properties

Donald A. Simpson

Chairman - Grand Peaks Properties

Don Simpson has over 34 years experience in the development, construction, renovation and operation of multi-family housing projects. He has been associated in business with his father, Harold A. Simpson, founder of SHC (predecessor to SHLP), since 1970. In 1986, he assumed overall responsibility for all of the development operations of Simpson Housing Limited Partnership's (SHLP) predecessor and in 1995 succeeded to the office of Chief Executive Officer of SHLP. He received his Bachelor of Arts degree from John Brown University in 1969 with a major in business and a minor in construction. Don is a Certified Property Manager, a licensed Colorado real estate broker, and a licensed Colorado securities dealer and has the SRS designation of RESSI. Don Simpson has been involved in the development and construction of over 30,000 multi-family units nationwide. He served as an officer in the United States Marine Corps and attained the rank of Captain.

James B. Phelps

President - Grand Peaks Property Mgmt

James B. Phelps

President - Grand Peaks Property Mgmt

As President of Grand Peaks Property Management, Jim has primary responsibility for the day-to-day operations of the management company. He is responsible for the property management of acquired properties, new development properties, oversees pre-acquisition and management analysis and assists in the planning and implementation of renovation programs. Prior to creating Grand Peaks, Jim spent 18 years as President of Simpson Housing's management company Simpson Property Group and was responsible for the operations of over 27,000 units and 700 employees.  Jim holds a broker’s license in the states of Colorado and Oregon. He graduated from the University of Colorado with a BA degree in analytical math.

Luke Simpson

CEO - Grand Peaks Properties

Luke Simpson

CEO - Grand Peaks Properties

Luke Simpson co-founded Grand Peaks Properties in 2003 and currently serves as Chief Executive Officer. Mr. Simpson oversees the strategic direction and operations of Grand Peaks. Since inception, Grand Peaks has grown to encompass $750,000,000 of assets and 200 employees. The company currently operates in five states and the province of British Columbia.

Prior to forming Grand Peaks, Mr. Simpson served as Senior Vice President of Simpson Housing Limited Partnership where he focused on the company’s development operations. Mr. Simpson is a licensed real estate broker in the State of Colorado and currently serves on the Board of Trustees at St. Anne’s Episcopal School in Denver. He is a graduate of Southern Methodist University, where he majored in Real Estate/Finance. Mr. Simpson currently lives in Denver with his wife Brooke and their two children.

Diane Medina

Vice President - Grand Peaks Property Mgmt

Diane Medina

Vice President - Grand Peaks Property Mgmt

Diane has been instrumental in guiding the company's culture and initiatives from its inception in 2003. Her responsibilities include leading the company's marketing, training/education and management operations. She created and oversees the development of Grand Peaks University with over 30 management, maintenance & leasing/sales programs, including peer training, all of which tie core competencies to job performance. In addition, she develops nationwide programs which enhanced revenue and occupancy. Diane was formerly Senior Vice President of Marketing and Training of Simpson Property Group where her efforts supported approximately 30,000 units in 14 states. Prior to joining SPG, Diane was the Regional Marketing & Training Director for Lincoln Property Company. Her expertise includes new construction, tax credit and repositioning apartment communities. She holds a Colorado Real Estate Sales License, is a Certified Apartment Manager (CAM) and attended the University of Phoenix.

Nick Simpson

President - Grand Peaks Properties

Nick Simpson

President - Grand Peaks Properties

Nick Simpson is the President and co-founder Grand Peaks Properties. Since the company began in 2003, he has overseen the development of Grand Peaks’ portfolio of properties, playing a lead role in the acquisition, recapitalization, development and sale of over 15,000 multifamily units representing approximately $1.5B in transactions.

He graduated from Metropolitan State College of Denver with a major in Aerospace Science and a minor in Management. Prior to Grand Peaks Mr. Simpson was a commercial pilot for United Airlines.

Donald Williams

Controller - Grand Peaks Property Mgmt

Donald Williams

Controller - Grand Peaks Property Mgmt

Don has 28 years of accounting experience with the first 14 years being primarily in the petroleum and retail industries and the last 14 years in real estate. His experiences in the areas of accounting, analytical analysis and financial strategies gives Don a broad range of knowledge and expertise that enables him to handle the varied requirements of a large multifamily property portfolio. Prior to coming to Grand Peaks, Don worked at Archstone Management Services, Inc. and Sevo Miller, Inc. where his responsibilities included client relations, cash flow analysis, property acquisition and finance, and asset management. Don holds a degree in accounting from Oklahoma Christian University.

Elli Lobach

Senior Vice President - Development - Grand Peaks Properties

Elli Lobach

Senior Vice President - Development - Grand Peaks Properties

Elli has developed and constructed more than 1,100 rental units totaling over $240 million and managed acquisitions and dispositions totaling more than $300 million. Her previous employment included time with Holland Partner Group, Archstone Communities, and the New York City Economic Development Corporation.  She earned her Bachelor degree and Master of Real Estate and Project Management degree from Harvard University.

 

 

Carla Varnold

Director of Human Resources - Grand Peaks Property Mgmt

Carla Varnold

Director of Human Resources - Grand Peaks Property Mgmt

With over 14 year's multi-functional experience in human resources management, Carla is responsible for all human resources operations for Grand Peaks.  Previously, Carla held the same position at Simpson Housing, LP for 8 years. She is a catalyst for a series of innovative HR initiatives including start-up organizations, merge integration, and alternative resolution. Carla holds a certification of PHR and countless miscellaneous designations relating to the many aspects of personnel relations.

Scott Jackson

Senior Vice President - Texas - Grand Peaks Properties

Scott Jackson

Senior Vice President - Texas - Grand Peaks Properties

Scott Jackson is responsible for sourcing new development & acquisition opportunities in Texas.  In addition responsibilities include asset management, contract negotiations, and dispositions. Mr. Jackson has acquired and developed over 25 projects consisting of approximately 6,500 units.

Prior to joining Grand Peaks, Mr. Jackson worked with Fairfield Residential for 14 years as the development partner in Texas. Mr. Jackson graduated from Southern Methodist University with a BBA in Finance and Real Estate Finance.  He is a licensed Texas real estate broker and lives in Dallas.

Michael Sommers

Senior Vice President - Florida - Grand Peaks Properties

Michael Sommers

Senior Vice President - Florida - Grand Peaks Properties

Michael Sommers is the Florida regional Senior Vice President, where he focuses on multifamily acquisitions and asset management for the entire state of Florida. Prior to joining Grand Peaks, Michael was a Senior Vice President at Fifteen Group, where he over saw a 3,000 unit multi-family portfolio in four states. During his time there, he helped with the disposition of four apartment communities and a shovel ready development site in Miami. Prior to that, Michael was an Investment Associate for Equity Residential (EQR), where he worked from 2009 - 2014 acquiring apartment buildings and development sites. Additionally, Michael participated in overseeing the asset management of more than 20,000 apartments in EQR's Southeastern United States portfolio. During Michael's time with EQR, he was part of the deal team that underwrote and acquired the majority of the Archstone apartment portfolio from Lehman Brothers' bankruptcy estate for $9.5 billion dollars. Since 2009, Michael has also taught undergraduate and MBA-level courses in real estate investment and appraisal at the University of Miami as a part-time lecturer. Michael earned his Bachelor's degree with honors from the Finance Department at the University of Miami and has an MBA from the University of Florida..

 

Spencer Welton

Senior Vice President - Pacific Northwest - Grand Peaks Properties

Spencer Welton

Senior Vice President - Pacific Northwest - Grand Peaks Properties

Spencer has been active in real estate development for more than 20 years. He has developed and constructed more than 2,500 rental units and more than 150,000 square feet of office and retail space including projects in Boston, MA, Loudon County, VA, Yonkers, NY, Portland, OR and Seattle, WA . Spencer has participated in acquisitions, dispositions, development and construction totaling more than $750 million. His employment included 15 years with Simpson Housing Limited Partnership prior to joining Grand Peaks. He holds a Bachelor of Architecture degree from Carnegie Mellon University.

Max Siler

Senior Vice President - Finance - Grand Peaks Properties

Max Siler

Senior Vice President - Finance - Grand Peaks Properties

Max Siler has been with Grand Peaks since 2007 and is currently responsible for sourcing and underwriting new acquisitions and developments, overseeing dispositions from contract negotiation to closing, and securing financing for new and existing properties within the portfolio. Additionally, Mr. Siler assists with ongoing asset manager over the company’s portfolio. Since joining Grand Peaks he has assisted with the recapitalization, acquisition, development, and disposition of 8,000+ multifamily units representing over $1B of transactions.

Mr. Siler is an active real estate broker in the state of Colorado.

He obtained his BSBA degree with a major in finance and real estate from the Daniels College of Business at the University of Denver.

Grand Peaks Properties

  • Donald A. Simpson

    Chairman - Grand Peaks Properties

    Donald A. Simpson

    Chairman - Grand Peaks Properties

    Don Simpson has over 34 years experience in the development, construction, renovation and operation of multi-family housing projects. He has been associated in business with his father, Harold A. Simpson, founder of SHC (predecessor to SHLP), since 1970. In 1986, he assumed overall responsibility for all of the development operations of Simpson Housing Limited Partnership's (SHLP) predecessor and in 1995 succeeded to the office of Chief Executive Officer of SHLP. He received his Bachelor of Arts degree from John Brown University in 1969 with a major in business and a minor in construction. Don is a Certified Property Manager, a licensed Colorado real estate broker, and a licensed Colorado securities dealer and has the SRS designation of RESSI. Don Simpson has been involved in the development and construction of over 30,000 multi-family units nationwide. He served as an officer in the United States Marine Corps and attained the rank of Captain.

  • Luke Simpson

    CEO - Grand Peaks Properties

    Luke Simpson

    CEO - Grand Peaks Properties

    Luke Simpson co-founded Grand Peaks Properties in 2003 and currently serves as Chief Executive Officer. Mr. Simpson oversees the strategic direction and operations of Grand Peaks. Since inception, Grand Peaks has grown to encompass $750,000,000 of assets and 200 employees. The company currently operates in five states and the province of British Columbia.

    Prior to forming Grand Peaks, Mr. Simpson served as Senior Vice President of Simpson Housing Limited Partnership where he focused on the company’s development operations. Mr. Simpson is a licensed real estate broker in the State of Colorado and currently serves on the Board of Trustees at St. Anne’s Episcopal School in Denver. He is a graduate of Southern Methodist University, where he majored in Real Estate/Finance. Mr. Simpson currently lives in Denver with his wife Brooke and their two children.

  • Nick Simpson

    President - Grand Peaks Properties

    Nick Simpson

    President - Grand Peaks Properties

    Nick Simpson is the President and co-founder Grand Peaks Properties. Since the company began in 2003, he has overseen the development of Grand Peaks’ portfolio of properties, playing a lead role in the acquisition, recapitalization, development and sale of over 15,000 multifamily units representing approximately $1.5B in transactions.

    He graduated from Metropolitan State College of Denver with a major in Aerospace Science and a minor in Management. Prior to Grand Peaks Mr. Simpson was a commercial pilot for United Airlines.

  • Elli Lobach

    Senior Vice President - Development - Grand Peaks Properties

    Elli Lobach

    Senior Vice President - Development - Grand Peaks Properties

    Elli has developed and constructed more than 1,100 rental units totaling over $240 million and managed acquisitions and dispositions totaling more than $300 million. Her previous employment included time with Holland Partner Group, Archstone Communities, and the New York City Economic Development Corporation.  She earned her Bachelor degree and Master of Real Estate and Project Management degree from Harvard University.

     

     

  • Scott Jackson

    Senior Vice President - Texas - Grand Peaks Properties

    Scott Jackson

    Senior Vice President - Texas - Grand Peaks Properties

    Scott Jackson is responsible for sourcing new development & acquisition opportunities in Texas.  In addition responsibilities include asset management, contract negotiations, and dispositions. Mr. Jackson has acquired and developed over 25 projects consisting of approximately 6,500 units.

    Prior to joining Grand Peaks, Mr. Jackson worked with Fairfield Residential for 14 years as the development partner in Texas. Mr. Jackson graduated from Southern Methodist University with a BBA in Finance and Real Estate Finance.  He is a licensed Texas real estate broker and lives in Dallas.

  • Michael Sommers

    Senior Vice President - Florida - Grand Peaks Properties

    Michael Sommers

    Senior Vice President - Florida - Grand Peaks Properties

    Michael Sommers is the Florida regional Senior Vice President, where he focuses on multifamily acquisitions and asset management for the entire state of Florida. Prior to joining Grand Peaks, Michael was a Senior Vice President at Fifteen Group, where he over saw a 3,000 unit multi-family portfolio in four states. During his time there, he helped with the disposition of four apartment communities and a shovel ready development site in Miami. Prior to that, Michael was an Investment Associate for Equity Residential (EQR), where he worked from 2009 - 2014 acquiring apartment buildings and development sites. Additionally, Michael participated in overseeing the asset management of more than 20,000 apartments in EQR's Southeastern United States portfolio. During Michael's time with EQR, he was part of the deal team that underwrote and acquired the majority of the Archstone apartment portfolio from Lehman Brothers' bankruptcy estate for $9.5 billion dollars. Since 2009, Michael has also taught undergraduate and MBA-level courses in real estate investment and appraisal at the University of Miami as a part-time lecturer. Michael earned his Bachelor's degree with honors from the Finance Department at the University of Miami and has an MBA from the University of Florida..

     

  • Spencer Welton

    Senior Vice President - Pacific Northwest - Grand Peaks Properties

    Spencer Welton

    Senior Vice President - Pacific Northwest - Grand Peaks Properties

    Spencer has been active in real estate development for more than 20 years. He has developed and constructed more than 2,500 rental units and more than 150,000 square feet of office and retail space including projects in Boston, MA, Loudon County, VA, Yonkers, NY, Portland, OR and Seattle, WA . Spencer has participated in acquisitions, dispositions, development and construction totaling more than $750 million. His employment included 15 years with Simpson Housing Limited Partnership prior to joining Grand Peaks. He holds a Bachelor of Architecture degree from Carnegie Mellon University.

  • Max Siler

    Senior Vice President - Finance - Grand Peaks Properties

    Max Siler

    Senior Vice President - Finance - Grand Peaks Properties

    Max Siler has been with Grand Peaks since 2007 and is currently responsible for sourcing and underwriting new acquisitions and developments, overseeing dispositions from contract negotiation to closing, and securing financing for new and existing properties within the portfolio. Additionally, Mr. Siler assists with ongoing asset manager over the company’s portfolio. Since joining Grand Peaks he has assisted with the recapitalization, acquisition, development, and disposition of 8,000+ multifamily units representing over $1B of transactions.

    Mr. Siler is an active real estate broker in the state of Colorado.

    He obtained his BSBA degree with a major in finance and real estate from the Daniels College of Business at the University of Denver.

Grand Peaks Property Mgmt

  • James B. Phelps

    President - Grand Peaks Property Mgmt

    James B. Phelps

    President - Grand Peaks Property Mgmt

    As President of Grand Peaks Property Management, Jim has primary responsibility for the day-to-day operations of the management company. He is responsible for the property management of acquired properties, new development properties, oversees pre-acquisition and management analysis and assists in the planning and implementation of renovation programs. Prior to creating Grand Peaks, Jim spent 18 years as President of Simpson Housing's management company Simpson Property Group and was responsible for the operations of over 27,000 units and 700 employees.  Jim holds a broker’s license in the states of Colorado and Oregon. He graduated from the University of Colorado with a BA degree in analytical math.

  • Diane Medina

    Vice President - Grand Peaks Property Mgmt

    Diane Medina

    Vice President - Grand Peaks Property Mgmt

    Diane has been instrumental in guiding the company's culture and initiatives from its inception in 2003. Her responsibilities include leading the company's marketing, training/education and management operations. She created and oversees the development of Grand Peaks University with over 30 management, maintenance & leasing/sales programs, including peer training, all of which tie core competencies to job performance. In addition, she develops nationwide programs which enhanced revenue and occupancy. Diane was formerly Senior Vice President of Marketing and Training of Simpson Property Group where her efforts supported approximately 30,000 units in 14 states. Prior to joining SPG, Diane was the Regional Marketing & Training Director for Lincoln Property Company. Her expertise includes new construction, tax credit and repositioning apartment communities. She holds a Colorado Real Estate Sales License, is a Certified Apartment Manager (CAM) and attended the University of Phoenix.

  • Donald Williams

    Controller - Grand Peaks Property Mgmt

    Donald Williams

    Controller - Grand Peaks Property Mgmt

    Don has 28 years of accounting experience with the first 14 years being primarily in the petroleum and retail industries and the last 14 years in real estate. His experiences in the areas of accounting, analytical analysis and financial strategies gives Don a broad range of knowledge and expertise that enables him to handle the varied requirements of a large multifamily property portfolio. Prior to coming to Grand Peaks, Don worked at Archstone Management Services, Inc. and Sevo Miller, Inc. where his responsibilities included client relations, cash flow analysis, property acquisition and finance, and asset management. Don holds a degree in accounting from Oklahoma Christian University.

  • Carla Varnold

    Director of Human Resources - Grand Peaks Property Mgmt

    Carla Varnold

    Director of Human Resources - Grand Peaks Property Mgmt

    With over 14 year's multi-functional experience in human resources management, Carla is responsible for all human resources operations for Grand Peaks.  Previously, Carla held the same position at Simpson Housing, LP for 8 years. She is a catalyst for a series of innovative HR initiatives including start-up organizations, merge integration, and alternative resolution. Carla holds a certification of PHR and countless miscellaneous designations relating to the many aspects of personnel relations.