We specialize in transforming underutilized real estate through partnership, adaptation and creative capital

Buhl Investors is a private, vertically integrated, real estate investment firm with a focus on providing highly innovative investment solutions across a variety of product types. With a long and successful history of working together, the Buhl team has experience encompassing land entitlement, development, property repositioning, adaptive re-use and historic renovation. Buhl brings hard work and a multi-faceted approach to all projects. In every deal Buhl strives to identify un-tapped potential by executing on the in-depth market analysis and industry knowledge that we possess.

The name Buhl Investors was inspired by the town of Buhl, Minnesota. This small town of one thousand is in the heart of the Iron Range where our family roots run deep. Taking from this heritage, our company embodies the best of Buhl’s characteristics: hard work, grit and perseverance. Buhl Investors aims to provide institutional management and best-in-class investment performance.


PETE DEANOVIC, Founding Principal

Mr. Deanovic is a founding principal of Buhl Investors. His responsibilities encompass many phases of the investment process, including acquisitions, financings, and dispositions. Prior to joining Buhl, Deanovic was one of four investment managers that directed North American Real Estate investment activity for CarVal Investors. His commercial real estate experience spans multiple markets and product types. 

Mr. Deanovic holds a B.B.A. in Real Estate and Urban Land Economics from the University of Wisconsin - Madison. He is an active board member of the Wisconsin Real Estate Alumni Association and currently sits on the Investment Committee at GHR Foundation. Deanovic is a former speaker at IMN’s Real Estate Private Equity conference and a former board member of Young Ambassadors for Opportunity, an international micro-finance organization.


STEPHANIE MATZ, Chief Financial Officer

Ms. Matz is Chief Financial Officer for Buhl Investors. Her responsibilities encompass overseeing Buhl’s financial performance, investment portfolio and investor relations. Prior to joining Buhl, Ms. Matz was a director at CarVal Investors where she managed general business operations, investment strategy and asset management of its real estate portfolios across multiple product types and throughout North America.

Matz earned a Master of Landscape Architecture degree from the University of Minnesota and a Bachelor of Science degree in business from the University of South Dakota. She is an active speaker at IMN’s CFO/COO Real Estate Forums and past-president of the Lakewinds Food Co-op Board of Directors.



Mr. Mohagen is an associate at Buhl Investors. He is responsible for creating and maintaining financial models, preparing financing requests, managing draw processes, performing due diligence and lease/construction contract review. His real estate experience includes multiple product types including self-storage, retail, office and industrial in the Twin Cities market.

Mr. Mohagen holds a BSBA in Finance from the University of Denver and is an active member of NAIOP Minnesota.