Frequently asked questions

Manufactured housing and RV communities and other covered land; workforce multifamily of 6–50 units; small-bay, shallow-bay and flex light industrial; selective self-storage; fee-simple special situations; and performing or non-performing notes secured by those asset types. See the acquisition criteria.

Across 19 metros in the Midwest and Mountain West, and in properties within about 75 minutes of them. Most are core and secondary metros chosen for durable infrastructure demand such as river and Great Lakes freight, interstate and Class I rail hubs, and energy corridors; three growth-driver secondary metros (Boise, Reno and Des Moines) are chosen for large investment already under way and strong in-migration. Multifamily is focused on Kansas City, Columbus, Cincinnati and Salt Lake City. See markets.

Covered land deals are typically $1.5MM–$10MM with 25–150+ sites. Workforce multifamily is typically 6–50 units at roughly $1.5M–$5M. Opportunistic and note deals are sized case by case.

Every submission gets a same-business-day screen and feedback within 24 hours, including a clear pass when a deal does not fit.

An offering memorandum or summary, rent roll, trailing 12-month operating statement, pricing, existing debt details, and CapEx or land information. Partial information is fine to start.

Yes. We review listed and off-market opportunities and work directly with owners as well as through brokers. We respect broker relationships.

Yes. A quality building in a quality location held back by deferred maintenance, below-market rents, vacancy or a complicated ownership situation is often exactly what we look for.

Office, hospitality, strip retail, operating businesses, ground-lease assets and duplexes.

Yes. We buy performing, sub-performing and non-performing loans secured by real estate that fits our buy box, in or near our target markets. See lenders.

Yes. We routinely sign NDAs and can start with a summary before reviewing the full loan file.

Yes. If a lender has acquired a property through foreclosure or a deed in lieu and it fits our criteria, we can be a direct buyer.

FRH is led by founder and principal Pat Bierbusse. See about.

Newport Beach, California. We invest across the Midwest and Mountain West and visit every property we pursue.

Read Partner with FRH, join the private partner list there, or start a conversation through the contact page. Frontier Range Holdings is not currently offering securities. Any future offering will be made only to qualified investors through definitive offering documents.

Owning essential, overlooked real estate for the long run, borrowing conservatively, planning for the downside first and reporting to partners in plain English. See our principles.