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

A decade of building a platform. Now building our own.

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.

From 2014 to 2024, Joshua and Lucas served as Chief Operating Officer and Chief Financial Officer of Asset Management Group, where together they grew the company from a small regional operation into a major Kansas City-area commercial real estate firm with approximately 50 employees and well over $500 million in assets under management. They directed operations and underwriting across retail, office, and industrial assets, guided the platform through the COVID-19 pandemic while sustaining strong performance, and identified and executed numerous acquisitions.

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.

A decade of platform experience

Our principals directed operations for a Kansas City portfolio of retail, office, and industrial property that grew past $500 million 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 served as Chief Operating Officer of Asset Management Group from 2014 to 2024, directing operations across a diversified retail, office, and industrial portfolio as the firm grew to roughly 50 employees and 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 served as Chief Financial Officer of Asset Management Group from 2014 to 2024, leading underwriting and finance, 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.

Office
[Street address]
Shawnee, Kansas [ZIP]
Phone
[(913) 000-0000]
Email
management@fellowinvest.com