P
atrick Ostrom serves as the managing development partner at Real Estate Equities, a St. Paul‑based firm that handles property management, acquisitions, construction oversight, lease‑up marketing, and compliance. While the company offers a full spectrum of services, it is best known for building affordable housing across the Twin Cities and beyond. The firm’s website states that by 2027 it will lead the housing sector with more than 7,000 innovative, affordable homes, using cutting‑edge solutions and forward‑thinking strategies to create thriving communities that benefit residents, employees, and the broader society. In Minnesota, the portfolio includes Decatur Landing I & II in Brooklyn Park, Reserve at Settler’s Ridge in Woodbury, and The Landing at Amber Fields, among others. Ostrom explains that each new development moves the company closer to its vision: “We’re here to provide housing, build communities, and improve lives.” After joining in 2017, he steered the firm toward affordable projects, stressing that quality, durability, design, and construction match market‑rate standards so residents cannot tell the difference. He notes that the complexity of these projects keeps them engaging and underscores the firm’s commitment to delivering homes for families most in need.