Fellow
Commercial real estate · Shawnee, Kansas

Local operators investing in and managing Kansas City commercial real estate.

Fellow Investment Partners acquires and repositions retail, office, and industrial property across the Kansas City metro, and provides full-service property management for owners who want a hands-on local operator.

20+ yrscombined leadership in CRE operations and finance
$500M+in assets under management overseen by our principals
$100M+in limited partner equity managed
KS & MOlicensed real estate salespersons
About the firm

Experienced operators, building our own firm.

Fellow Investment Partners is led by Partners Joshua Greenlee and Lucas Larson, who bring over two decades of combined leadership experience in commercial real estate operations and finance.

Joshua and Lucas have spent more than a decade leading operations, underwriting, and finance for commercial real estate across the Kansas City metro. Together they have overseen retail, office, and industrial portfolios with more than $500 million in assets under management, guided properties through the COVID-19 pandemic while sustaining strong performance, identified and executed numerous acquisitions, and managed more than $100 million in limited partner equity.

Today the firm is based in Shawnee, where both partners live and raise their families and take an active part in the local EDC and Chamber of Commerce.

Underwrite it ourselves

Every figure comes from our own lease abstraction and model, not the seller's package.

Buy basis, not hope

We look for in-place cash flow below replacement cost, with upside we don't pay for up front.

Operate close to home

We invest where we live, and manage properties with the same hands that bought them.

Do right by everyone

A straightforward, principled approach to partners, tenants, and the community.

What we do

We invest, we manage, and we do both for our partners.

Investment & acquisitions

We source and acquire multi-tenant commercial property in the Kansas City metro where the numbers work on existing leases.

  • Retail, office, and industrial assets
  • In-place income at or below replacement cost
  • Lease-up, re-tenanting, and pad-site upside
  • Full lease-by-lease due diligence

Third-party property management

We manage commercial property for outside owners with the same care we give our own buildings.

  • Tenant relations and rent collection
  • Leasing and landlord representation
  • CAM reconciliations and owner reporting
  • Maintenance, vendors, and capital planning
See our management services

Investor relations

Our partners invest alongside us in individual properties, with clear reporting from close through exit.

  • Deal-by-deal co-investment opportunities
  • Transparent underwriting and risk disclosure
  • Regular distribution and performance updates
  • Direct access to both principals
Third-party property management

Property management from people who own property too.

We manage retail, office, and industrial properties for owners across the Kansas City metro. We run your building the way we run our own: tenants cared for, costs watched closely, and reports you can act on.

An owner's perspective

We underwrite and operate our own investments, so we make decisions with your returns in mind.

Deep operating experience

Our principals have directed operations across retail, office, and industrial portfolios totaling more than $500 million in assets under management.

Local and hands-on

We're based in Shawnee and work across the metro. When something comes up at your property, you get a partner, not a call center.

Tenants & leasing

  • Tenant relations and service requests
  • Leasing and landlord representation
  • Lease drafting, renewals, and option dates

Financials & reporting

  • Rent collection and delinquency follow-up
  • CAM, tax, and insurance reconciliations
  • Monthly owner statements and budgets

Operations & maintenance

  • Vendor bidding and oversight
  • Routine and preventive maintenance
  • Property inspections

Capital planning

  • Roof, HVAC, and parking lot planning
  • Project management for improvements
  • Reserve forecasting
For investors

Invest alongside local operators.

We offer select partners the chance to co-invest in the properties we acquire and operate. Each opportunity comes with our full underwriting, a candid account of the risks, and a clear business plan.

Nothing on this website is an offer to sell, or a solicitation of an offer to buy, any security. Any offer will be made only to qualified investors through definitive offering documents.

  1. Introduce yourself

    Tell us about your goals and investment criteria.

  2. Review an opportunity

    Receive the offering memorandum and underwriting model when a deal fits.

  3. Invest through definitive documents

    Subscribe under the operating agreement and offering terms for that property.

  4. Stay informed

    Get regular updates on leasing, operations, and distributions for the life of the hold.

Leadership

The partners

Joshua Greenlee

Joshua Greenlee

Partner

Joshua brings more than a decade of commercial real estate operations leadership, including serving as chief operating officer over a diversified retail, office, and industrial portfolio with more than $500 million in assets under management. He is a licensed real estate salesperson in Kansas and Missouri.

Lucas Larson

Lucas Larson

Partner

Lucas brings more than a decade of commercial real estate finance leadership, including serving as chief financial officer, leading underwriting, executing acquisitions, and managing more than $100 million in limited partner equity. He is a licensed real estate salesperson in Kansas and Missouri.

Joshua and Lucas's partnership goes back to their years at Northwest Missouri State University, where their friendship began and, in time, grew into family. Today both raise their families in Shawnee, and that shared foundation shapes how the firm operates.

Contact

Let's talk.

Whether you're an investor, an owner looking for a property manager, or a tenant, we'd like to hear from you.

Email
management@fellowinvest.com
Based in
Shawnee, Kansas · serving the Kansas City metro