Landmark Asset Management provides asset management services for select owners who aim to preserve and uplift their properties, renovate with purpose, and hold for the long term.
Landmark Asset Management is the asset management subsidiary of Simek Property Group and Wall Acquisitions, based in Saint Paul. We manage our principals’ own portfolio of multifamily, retail, and commercial assets across Minnesota, with a growing footprint throughout the Midwest. Every asset is underwritten conservatively, renovated with precision, and held for durable, long-term cash flow.
Apartment communities renovated and managed for long-term performance.
Retail and commercial properties anchored by durable, long-term tenants.
Meet the operators behind Landmark's portfolio.
Apartment communities renovated and managed for long-term performance.
Retail and commercial properties anchored by durable, long-term tenants.
Meet the operators behind Landmark's portfolio.
Operator-led investment across multifamily and commercial real estate in Minnesota and the greater Midwest

We pursue assets we understand, in submarkets we know, at prices that make sense, and we pass on the rest.

Our principals stay hands-on after closing, from renovation scope to leasing strategy.

Realistic rents, honest expense loads, and stress-tested debt on every deal.

We buy to hold. Decisions are made for the next decade, not the next quarter.
ACTIVE PROPERTIES
MEET OUR TEAM
Co-Founder | President
Elizabeth co-founded Landmark and leads The Wall Companies’ acquisitions platform. Since 2001 she has led the acquisition of more than $100 million in commercial real estate, with a focus on value-add multifamily and retail.
Co-Founder | President
Elizabeth Lee is the founding member of The Wall Companies’ acquisitions platform and has spent more than two decades acquiring, managing, and creating value through commercial real estate investments across the Twin Cities suburban area. Since joining the company in 2001, she has led the acquisition of more than $100 million in commercial real estate on behalf of the family office and in partnership with private investors.
Liz oversees the full investment lifecycle, including deal sourcing, underwriting, financing, acquisitions, and asset management. While her experience has been rooted in value-add investing, she takes an opportunity-driven approach that adapts to evolving market conditions. Her transaction experience ranges from $1 million to $45 million, with current holdings concentrated in multifamily and retail properties and an ongoing interest in opportunities across all commercial real estate asset classes.
Liz serves on the boards of Highland Bank and Human Capital Partners, and chairs the Alice and Fred Wall Family Foundation. Previous board positions include Sun Country Airlines and Dodge Nature Center. She is a graduate of Boston College and co-founded Landmark Asset Management with Stuart Simek.
Co-Founder
Stuart co-founded Landmark and is President of Simek Property Group, which has completed more than $100 million in multifamily investment and development. He has worked in commercial real estate since 2001 and holds the CCIM designation.
Co-Founder
Stuart Simek has worked in commercial real estate since 2001. He is the President and Owner of Simek Property Group and a co-founder of Landmark Asset Management, where he guides acquisition strategy and oversees the commercial side of the portfolio.
Over the past 25 years, Stuart has bought, developed, and managed property across Minnesota, from apartment buildings and condominium construction projects to retail and office centers. He has negotiated leases, led renovations, and completed individual transactions of up to $12 million. All told, Simek Property Group has closed more than $100 million in multifamily investment and development deals.
Stuart holds the Certified Commercial Investment Member (CCIM) designation.
Asset Manager
Sam oversees day-to-day performance across Landmark's multifamily, retail, and mixed-use portfolio, combining institutional credit discipline with hands-on asset management experience.
Asset Manager
Sam Wondrasch is the Asset Manager at Landmark Asset Management, responsible for portfolio performance, financial reporting, and operational coordination across the firm’s multifamily, retail, and commercial holdings. He oversees property-level cash flow analysis, capital planning, and vendor and property manager relationships to support investment decision-making.
Before Landmark, Sam was a Senior Asset Analyst at Oppidan Investment Company, a national development firm, where he helped lead portfolio strategy and asset dispositions. Earlier in his career, he underwrote commercial credit facilities at MidCountry Bank and analyzed commercial and multifamily properties for national lenders at NorthMarq Capital.
Sam holds Bachelor of Science degrees in Finance and Economics from the University of Wisconsin-River Falls.