Our Team
We are passionate about building and serving our communities.
The Right Place for you
Cresten Captial is a leader throughout South Dakota for our acquisition, development and management of multi-family and commercial properties. Our commitment is to the communities in which we live, work and build – we make it our mission enriching lives through communities.
About Our Team
Founder, Kevin Tupy
Partners
Property Managers
Operations
Investment Partners
Kevin Tupy
Founder & Partner
Kevin is a successful entrepreneur in Sioux Falls, SD. He started his career with Citi, where his career spanned seven years working various management positions supporting its Private Label Credit Card division. In 2001, he left the corporate world of business banking and founded Z Wireless, a Verizon Premium Retailer, with one mall-based kiosk in Sioux Falls, SD. Over the next 10 years, Kevin grew Z Wireless to over 100 locations throughout the Midwest. In 2011, Atlantic Street Capital partnered with him to grow the business to a national footprint.
In 2016, the business had achieved the status of the largest Verizon Premium Retailer in the country with over 1,500+ locations nationwide. Today, the business has rebranded as Victra and has locations in 49 states. He continues his dedication to the company he founded by maintaining a significant share of equity in the business and remaining involved in strategic initiatives.
In 2016, Kevin founded Cresten Capital, a private equity firm focused on real estate, operating companies, and alternative assets. Kevin is actively involved in each of his portfolio companies and works side-by-side with the teams to enhance revenue growth, increase operating leverage, improve cash flow margins and elevate customer loyalty. Today, Cresten Capital has invested over $100 million in its assets and continues to grow by partnering with local entrepreneurs and business people who share the same dedication and values that our firm was founded upon: A maniacal focus on driving value through market differentiation while maintaining an unsurpassed customer experience and company culture.
Erica Mullaly
Partner
Erica’s business background started in the fast-casual business, where she assisted with the management of the busiest franchise location in South Dakota. In May, 2011, she graduated from the University of South Dakota with a bachelor’s degree in Business Administration and specialization in Human Resources. Immediately following graduation, Erica joined the Human Resources department of a wireless retailer, which operated locations throughout the mid-west. In late 2011 and continuing for the next five years, the wireless retailer expanded to a nationwide footprint. Following the growth, Erica transitioned roles to the Business Development department, where her main focus was lease and acquisition management. Mid-2016, Erica exited the wireless business to join Cresten Capital, where she supports the day-to-day operations of real estate & development and Cresten Properties. She also holds her Brokers Associate license through the state of South Dakota.
Kay Bergendahl
Partner
After spending a few years with a regional bank, Kay joined a wireless retailer that operated locations in South Dakota and Nebraska. Kay supported the company’s operations and store count growth to a regional footprint throughout the Midwest. Late 2011, the wireless retailer joined forces with a financial investor and the company grew to a nationwide footprint over the following five years. During this time, Kay’s focus was exclusive to overseeing all real estate and small-chain acquisitions. Mid 2016, Kay exited the wireless business but continues her business development focus. She currently supports the day-to-day operations and small-chain acquisitions for Anytime Fitness and CarSwap. Kay attended the University of South Dakota.
Kelly Greer
Partner
Kelly joined the Cresten Capital team in November 2019. He oversees operations for the multi-family portfolio including marketing, training, development and acquisition opportunities. Prior, Kelly was involved with conventional and LIHTC properties and has held titles of Leasing Agent, Property Manager, Regional Manager, Director and Vice President. His experience includes resident relations, on-site management, multi-site management, budget preparation and financial analysis. Kelly holds his Brokers license through the state of South Dakota.
Matt Paulson
Investment Partner
Matt Paulson is the founder and CEO of MarketBeat, an Inc. 5000 financial media company that empowers individual investors to make better trading decisions with real-time financial data, in-depth market analysis, and best-in-class stock research tools.
As one of the most active angel investors in the Midwest, Matt has invested in more than 80 high-growth startups, including Buffer, Bushel, Density, Dollar Shave Club, Lyft, Prismatic, and Wikia. His venture capital firm, Homegrown Capital, makes early-stage investments in high-growth AgTech, FinTech, and SaaS companies. He currently serves on the boards of two technology startups, Pitchly and Prismatic. Matt also invests in commercial real estate as a general partner in Cresten Capital, including ownership interests in more than 25 apartment complexes and retail centers.
Rocky Rehfeldt
Investment Partner
Rocky Rehfeldt is an advisor with Loft Advisors, a division of First Dakota National Bank. He leads the division as Senior Vice President of Private Banking. He has over 20 years of private banking, business, investment, and management experience. Before joining Loft Advisors, he was a Vice President of Business Banking at First Bank and Trust in Sioux Falls. Prior to that he worked 10 plus years at Wells Fargo, finishing his tenure as a Senior Private Banker. Rocky has a bachelor’s degree in business and finance, with an emphasis in management from the University of Sioux Falls and has recently accepted a position on the University of Sioux Falls Board of Trustees and will begin his term in July 2022. Rocky grew up on a small family farm between Hartford and Sioux Falls. He truly understands the importance of being involved in the community in which he lives. His passions are supporting DakotAbilities, Make-A-Wish, Junior Achievement and the Sioux Empire United Way.