Using the Power of a Penny to Benefit Commercial Real Estate and Minnesota Businesses

NAIOP Minnesota is the advocate for Minnesota commercial real estate (CRE) and the job-creating businesses that are its tenants. NAIOP is passionate about the health of Minnesota businesses and the economic contributions CRE generates throughout the state. It advocates for reducing Minnesota’s burdensome high taxes on commercial, industrial and mixed-use properties and for business-friendly government policies.

Since 1990, NAIOP’s public policy initiatives are funded entirely by Penny Per Square Foot (PPSF) contributions.

How the PPSF Works

CRE properties annually provide one cent per square foot of occupied space they own or manage. This is included in CAM reconciliation as a voluntary contribution by the tenant. That contribution is dedicated to NAIOP’s PPSF Fund. For example, a building with 75,000 square feet contributes $750 a year to the PPSF Fund through its CAM reconciliations.

PPSF: Fueling Advocacy for Minnesota’s CRE Industry

  • Providing the voice of the CRE industry and its tenants to government officials.
  • Communicating fiscally responsible policy while addressing outcomes that threaten CRE owners and that financially burden tenants.
  • Conveying examples of the impacts unfriendly policy can cause.
  • Leading with information to generate actions by government officials.
  • Engaging and informing industry practitioners on issues impacting their business.

"The PPSF Fund champions policy initiatives focused on fair and competitive commercial property taxes to positively impact all business owners and tenants."
– Phil Cattanach, The Opus Group

"Penny Per Square Foot Fund contributions have had an incredible payoff for Minnesota businesses. Tax rates have been reduced from nearly 6% per year to about 3.7%. That’s a reduction of over $2.00 per square foot per year for the tenants in our properties."
– Matt Van Slooten, United Properties

Advocate

NAIOP Minnesota supports public policy that is pro-business and keeps Minnesota’s economy healthy and competitive.

LEARN MORE

Join these PPSF Leaders:

  • Altus Properties, LLC
  • Anderson Property Management
  • Capital Partners
  • Colliers International
  • Cushman & Wakefield
  • First Industrial Realty Trust
  • Founders Properties, L.L.C.
  • Frauenshuh Companies
  • Hempel
  • Link Industrial Properties
  • Linvill Properties Inc.
  • McGough Development
  • Neptune Properties
  • Nicola Wealth Real Estate
  • The Opus Group
  • Piedmont Office Realty Trust
  • Ryan Companies US, Inc.
  • Towle Properties, Inc.
  • Transwestern
  • United Properties
  • Wildamere Capital Management
Contact NAIOP Minnesota to get started »