CSU’s Everitt Real Estate Center and Real Estate Academic Program Announces New Executive Director

A long-time Northern Colorado real estate developer, Eric Holsapple, will be the new executive director of the Everitt Real Estate Center and Real Estate Academic Program, Colorado State University’s College of Business announced today. Holsapple, a CSU alumnus, begins his new role immediately.

EREC will host a meet-and-greet with Holsapple following its second-quarter market insight report. The event is from 4 p.m. – 6 p.m. on Wed., Aug. 22 at the Lincoln Center. The report is based on Multiple Listing Service (MLS) data collected by Information Real Estate Services, LLC (IRES, LLC) and calculated quarterly for 11 major market areas in Boulder, Larimer and Weld counties in Northern Colorado. Refreshments will be provided.

Holsapple has run the Center as interim director twice previously as a volunteer. He and business partner Don Marostica, alumni and owners of Loveland Commercial, LLC, donated $1.5 million to create the Loveland Commercial Endowed Chair in Real Estate in 2004.

“I am excited to formalize my engagement with the Real Estate program at CSU, after being an adjunct faculty member since 1995,” Holsapple said. “This position gives me the platform to give back to the community that has given me so much.”

The College of Business conducted a national search for an executive director, which led to the selection of Holsapple. The Loveland Commercial chair will remain open for the next couple of years while the program is rebuilt and real estate student enrollment increases under the direction of Holsapple. John Gerhard will remain with the Center as the director of research and operations.

Holsapple will continue to remain a partner in Loveland Commercial in a reduced capacity, with day-to-day management being taken over by Blaine Rappe and Nathan Klein, an alumnus of CSU’s Real Estate program. Holsapple will bring practical experience to the classroom, most recently his role in the development the North College Marketplace King Soopers in Fort Collins.

“I am confident that the future of the Center is very bright under Dr. Holsapple’s leadership,” said Gerhard. “The students are very fortunate to have guidance from an instructor that values personal development along with academics, and they will benefit from his energy as well as his professional experience.”

Eric J. Holsapple

Holsapple has worked in commercial real estate since 1984, and managed U.S. operations for an international development firm from 1986-89 with projects throughout North America. Holsapple started his own firm in 1990 and concurrently earned his doctorate degree in economics from Colorado State University in 1996. Since founding Loveland Commercial – a real estate brokerage and development firm – with partner Don Marostica in 1996, Holsapple has entitled and developed more than 2,000 lots in residential sub-divisions, including three affordable housing subdivisions, as well as numerous commercial projects, including the Thompson Valley Towne Center in Loveland and North College Marketplace in Fort Collins, both anchored by King Soopers. Holsapple diversified into homebuilding in 2009 and is currently building homes under “Midtown Homes” in Loveland and has built more than 100 homes in the last two years, despite a recession in the industry.

Holsapple has regularly lectured in real estate principles, finance, market analysis and development classes for CSU since 1995 and has published articles in finance, regional economics, international real estate, and real estate market analysis. Holsapple was a founder and has twice served as the interim director of the Everitt Real Estate Center at CSU, and he served as its chair in 2005. Holsapple has previously served as chair of the Board of Directors of the Northern Colorado Economic Development Corporation and on the Board of Directors of Loveland Habitat for Humanity.