Minneapolis’ Kraus-Anderson names new president

Minneapolis-based Kraus-Anderson Realty Company & Kraus-Anderson Development Company named Peter Diessner as president. He succeeds Dan Engelsma, who is retiring after 50 years with the company and serving as KA Realty’s president and chief operating officer since 2000.

Diessner is the grandson of KA founder Lloyd Engelsma and is part of a third generation of Engelsma family members working in the Kraus-Anderson family of companies.

KA Realty & KA Development’s Executive Vice President Michael Hille will continue to oversee the day-to-day operations of the two companies.

Diessner, an attorney, joined Kraus-Anderson Financial Services Group, Inc. in May of 2018 as director and was named vice president in February of 2019. Diessner oversaw the financial analysis, underwriting, due diligence, and sourcing and funding of debt and equity for KA’s existing and prospective portfolio of real estate.

Prior to joining KAFS, Diessner was a Twin Cities real estate attorney at Fredrikson & Byron and at Speeter & Johnson. He focused his practice on complex transactions and litigation involving real estate.