Welcome to USRP
Founded in 1995 by Robert Stetson, U.S. Restaurant Properties (NYSE: USV) grew to be among the largest restaurant-focused public REITs in the U.S. with over 1,000 properties before merging with a CNL fund to form Truststreet (NYSE: TSY). Truststreet was sold to GE Capital for $2.8 billion in 2007.
U.S. Restaurant Properties reformed as a Private REIT in 2012 and began actively rebuilding its portfolio, focusing primarily on restaurant properties with less than 10 years remaining lease term.
In 2013, we re-entered the Sale-Leaseback and property development markets.
Our ability to acquire a wide range of assets from individual properties to large portfolios in the restaurant and C&G space is unmatched in the industry.
Contact U.S. Restaurant Properties today.
Bob StetsonPresident and CEO
Mr. Stetson received a BA in Economics and an MBA from Harvard University. Previously served as Chief Financial Officer, Chief Operating Officer, and later President – Restaurant Division of Burger King Corporation. Founder of USRP in 1995, during his tenure as CEO the REIT provided outside investors a return of approximately 13% compounded.
Jim KroppChief Financial Officer
Mr. Kropp graduated with a BBA-Finance from St Francis College and completed the MBA/CPA preparation program at New York University. During USRPs time on the NYSE, Mr. Kropp served as an investment banker and on the Board of Directors. Mr. Kropp also currently serves as a Director of PS Business Parks and Corporate Capital Trust and a Trustee of American Homes for Rent.
Matt LaatschVice President
Matt Laatsch graduated with a BSBA-Management from the University of Denver in 2004. Mr. Laatsch began his career in real estate as a broker where he worked closely with USRP in Aquisitions across the portfolio, specifically gas station/convenience store properties. Mr. Laatsch serves as the main point of contact for the NNN brokerage community.
Mike GorhamVP Asset Management
Mr. Gorham received a BBA in Finance from Southern Methodist University. Mr. Gorham originally joined USRP in 1999 to assist in the redeployment of the company's surplus properties. He sold or re-leased over 150 fast food, casual dining, and gas station/c-store properties during his tenure at USRP. Mr. Gorham serves as the main point of contact for USRP tenants.