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Diessner Named Chief Operating Officer of Kraus-Anderson Companies

Peter Diessner
Peter Diessner
MINNEAPOLIS, MN — Peter Diessner has been named Chief Operating Officer of Kraus-Anderson Companies, Inc., the holding company for KA’s family of companies. Diessner has served as President of KA Realty & Development since 2019 and will continue to oversee its day-to-day operations.

As KA Companies’ COO, Diessner will oversee operations and implement the evolution of strategies pertaining to the business and financial performance for KA Companies and for KA Realty and Development.

Diessner will report to Bruce Engelsma, who is continuing in his role as CEO and Chairman of Kraus-Anderson Companies.

During Diessner’s tenure as President, KA Realty and Development has completed over 700,000 square feet of development, primarily multi-family housing in the Twin Cities metro. Additional development, redevelopment, and master planning efforts are currently in various planning and execution stages, including in the Twin Cities and greater Minnesota.

With a portfolio of over 5 million square feet of commercial real estate throughout Minnesota and the Upper Midwest, KA Realty has navigated through the turbulence of the pandemic, successfully working with tenants to set up deferred rent payback plans that has been highly successful, with virtually all back rent collected by YE 2022.  

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“Pete’s advancement to the KA Companies COO role allows us to leverage his demonstrated leadership, legal, and financial expertise to benefit KA’s enterprise-wide goals,” Engelsma said. “His integrity, his vision, and collaborative approach to delivering successful outcomes for our clients, tenants, business partners, and the communities we serve, align with our values and position us very well for continued success.”

Diessner, an attorney, joined Kraus-Anderson Financial Services Group (KAFS) in May 2018 as Director and was named Vice President in February 2019. In April 2019, he became President of KA Realty and Development to provide high level oversight of the company’s existing and prospective portfolio of real estate, as well as financial analysis for KA interests and partners. Prior to joining KA, he was a Twin Cities Real Estate Attorney first at Fredrikson & Byron and then at Speeter & Johnson. He focused his practice on transactions and disputes involving real estate.

Diessner received his Juris Doctor from the William Mitchell College of Law and his Bachelor of Arts in financial economics from Gustavus Adolphus College. He is also an MSBA Certified Real Property Law Specialist. Diessner is on the board of the Minneapolis Downtown Council/Downtown Improvement District and Children’s Theatre Company.

Established in 1897, Kraus-Anderson is an integrated construction management, real estate, and risk management enterprise working independently and in collaboration with a family of companies, including insurance, finance, and realty operations. Kraus-Anderson, an Equal Opportunity & Affirmative Action employer, is headquartered in Minneapolis, Minnesota, and has regional offices in Madison and Milwaukee, Wisconsin; Bismarck, North Dakota; and Duluth, Bemidji, and Rochester, Minnesota.

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