Leadership

Darin Munson

Darin Munson graduated Magna Cum Laude from the University of Wisconsin-Lacrosse in 1996 with a degree in Business Administration. He has been involved in business ownership his entire life.

Darin started his real estate investing career by working for/in his family real estate holding company  MRE as well as the family transportation company Munson Trucking. From the age of 8-16 years old he  mowed lawns and ran minor rehab projects at the company’s apartment complexes and rental houses. He  also worked in the office of the transportation company assigning equipment to the drivers as well as  keeping track of invoices.

Early in his college career at UWL, under the tutelage of one of his mentors Russell Cleary, Darin  paid for his college education and living expenses by acquiring used mobile homes in the  Lacrosse, Wi area and owner financing them to families in need.  

After graduating from UWL with honors, Darin went into corporate sales while building a single  family and small multi-family real estate portfolio business part time. 

At the age of 30 Darin left his corporate job to rehab and invest in small multi-family real estate  projects full time in a company he founded called Sudaka, Inc. At its height, the company  employed 20 men in three full time contracting crews, rehabbing up to 30 units in both single family homes and small multi-family apartments at a time, which it would then sell or rent out as  part of its portfolio of rental units.   

At that time, he also took an ownership position in a property management company called  Sungate Property Management. Before it was sold to its employees, at its height, this company  managed over 500,000 square feet of office and retail space, over 1200 multi-family units and  300 residential units.  

In 2002 Darin began learning all about government backed funding sources available through  HUD, under the tutelage of Ted Lindsey. Ted taught Darin everything he knew about minority  owned business funding sources through the U.S government. Together they developed an  apartment complex utilizing the 221 D 3 government program. It is called The Hamlins at Cedar  Creek located in Kemp, Texas. It was built in 2004 and sold in 2015. It is 208 units consisting of  1, 2 and 3 bedroom floorplans built on almost 21 acres.  

Currently Darin has ownership in businesses listed below:

    • Lonestar leased land from the city of Grand Prairie for its first site in 2021. 

    • Broke Ground On its first modular construction materials manufacturing Plant in 2024.

  • 1015 York Ave:

    • Purchased 17unit apartment building  

    • Total remodel of all units with all new residents  

    • Year: 2013  

    • Project Cost: $700K 

    Results: This value-add building was purchased, remodeled and sold upon  replacing with new residents.  

    Marketplace & Main:

    • Featuring 53 apartments for rent and 7 for sale townhomes.  

    • Year: 2014  

    • Used city TIF dollars and HUD 221 (d)(4) financing  

    • Project Cost: $15M  

    Results: New construction with mixed-use building completed with all 7  townhomes sold.  

    Commons at Penn:

    • 47-unit mixed-use affordable apartment complex in North Minneapolis. 

    • With Co-op grocery store and Building Blocks Nonprofit in the commercial  space on the ground level.  

    • Year: 2015  

    • This development was a public/private partnership that used Tax-Exempt bonds  and 4% Low Income Housing Tax Credit Equity along with 11 other sources.

    • Secured financing from 12 different sources to close this deal.  

    • Project Cost: $12M  

     Penn Avenue Union:  

    • 64-unit mixed-use affordable apartments with 20,000 square feet of community  service space on the 1st floor.  

    • Secured partnership with job training center to locate in our building for people  in the community.  

    • Closed June 2019  

    • Secured financing from 11 different sources to close this deal as well.  o - Project Cost: $18M