Hovde Properties is a family-owned business that has been purchasing, developing, and managing real estate for three generations. Ingvald Hovde entered the real estate business at the bottom of the Great Depression when he purchased Ross M. Cohen Real Estate in 1933 and changed the name to I. Hovde Realty, Inc. Two of his sons, Donald and Russell joined him in the 1950’s. Russell left the firm after a short time, but Don stayed and became president of the business in 1960. Hovde Realty developed over 3,000 residential and commercial acres and assembled and annexed approximately 1,500 acres into the City of Madison. Hovde also purchased and renovated downtown Madison properties, including the Hovde Building and the Churchill Building. In 2009 the company's name was changed to Hovde Properties to better reflect the full range of real estate services provided, which include real estate development, property management, brokerage and consulting. Currently, Hovde Properties has significant real estate holdings in the Madison market and brothers Steve D. Hovde and Eric D. Hovde remain actively engaged in the company’s operations as members of its board of directors.
