Arthur J. Petrie has been in the real estate development and investment business for the past 45 years. He is Chairman of the Board of Petrie Development Corporation, formed in 1976, and General of Asset Development Services, LLC, a real estate investment company located in Las Vegas, Nevada.
Mr. Petrie’s experience in commercial real estate includes development for Wal-Mart, Sam’s Club, K-mart, Hy-Vee, and other retail users, development of apartment complexes, and redevelopment of a university campus to offices and housing. Petrie Development was the leader in the United States in the development and construction of barrier free housing for the handicapped under a HUD housing program until the program expired. His companies have renovated properties with significant environmental problems and managed them to 100% occupancy and have also been active in the development, ownership and management of Embassy Suites, Hampton Inns, Holiday Inns, Radissons and Hyatt Regency Hotels. Current projects include ownership and renovation of the Federal Reserve Bank building in Minneapolis, Minnesota, and ownership and operation of other office buildings as well as ongoing interest in the above mentioned projects. He has participated in the acquisition, refinancing and sale of two casino-related properties in Las Vegas, Nevada, and is a founder of Retired.com, Signal Sites, Inc., and Longevity Nutraceutical Labs LLC.
Mr. Petrie is a General Partner in several publicly syndicated partnerships and has extensive experience in developing companies as a shareholder, member of the board, and officer. Mr. Petrie has also served on the Mankato State University Foundation and as Chairman of the Minnesota World Trade Center.