Investor profile - MT
Preston Lees
Preston Lees is a real estate investor and operator based in Billings, MT. Public filings show activity across 5 properties held through 14 holding companies. Recent mortgage relationships include First Interstate Bank, Yellowstone Bank, and First Federal Bank & Trust.
Preston's Activity
As of December 2025, public records show approximately $233.9M in recorded mortgage exposure linked to this investor across at least 89 mortgage filings and 5 properties held through 14 holding companies. Activity appears concentrated in commercial and residential assets recorded between 2010 and 2025.
Primary Geography
Billings, MT
ZIP codes: 59044, 59101, 59102, 59106, and 59716
Most recorded activity for this investor appears in BILLINGS, BIG SKY, and LAUREL.
Property Type Breakdown
Associated Entities (14)
MT · 1 property · 29 mortgages
MT · 0 properties · 16 mortgages
MT · 0 properties · 15 mortgages
+11 more not shown
Mortgages (89)
Top Lenders
| Date | Amount | Status | Lender | Borrower | Address |
|---|---|---|---|---|---|
| 09/03/2025 | $7.3M | Open | Yellowstone Bank | WESTERN SKY BILLINGS LLC | - |
| 07/28/2025 | $10.1M | Open | Yellowstone Bank | CCDG LLC | - |
| 07/25/2025 | $1.5M | Open | First Federal Bank & Trust | SQUARE 106 LLC | - |
+86 more not shown
Owned Properties (5)
| Address | Deeded owner | Status | Consideration |
|---|---|---|---|
| 3335 SAGEGRASS DR, BILLINGS, MT 59102 | CARDWELL LAND GROUP LLC | Owns - 15 mos | $1.6M |
| 15 UPPER MOOSE HILL RD, BIG SKY, MT 59716 | KEVIN MURPHY | Owns - 3.7 yrs | $1.8M |
| 4550 KING AVE E, BILLINGS, MT 59101 | - | Owns - 4.3 yrs | $3.5M |
+2 more not shown
FAQ
What type of real estate does this investor focus on?
Associated mortgages and deeds show activity in commercial, residential, and industrial properties across Billings, MT.
What companies is Preston Lees associated with?
Preston Lees is associated with 14 entities based on extracted signatures from public records. Key entities include YUKON DEVELOPMENT CORP, SQUARE 106 LLC, HIGHLANDS ZHP SUBDIVISION LLC, HLL LLC, and WESTERN SKY BILLINGS LLC.
How many properties are associated with this investor?
At least 5 properties are associated with Preston Lees and the entities they control, based on signatures extracted from recorded documents connecting Preston Lees to the entities.
Which lenders has this investor worked with?
Recent mortgage activity references First Interstate Bank, Yellowstone Bank, and First Federal Bank & Trust, indicating a mix of lending relationships.
How recent is their activity?
Records show activity from 2010 through 2025, with the most recent mortgage recorded in 2025.
How is associated activity determined?
Elementix uses AI to extract signatures from recorded documents. These signatures are used to determine the relationships between people and entities. This is a novel approach that goes beyond looking at corporate filings and skip-tracing.
The information displayed on this page is compiled from recorded real estate documents, business filings, and other lawfully available sources. Elementix summarizes and analyzes public record activity related to investment real estate and associated business entities. Any contact indicators shown (such as email domain references or partial phone digits) are provided solely as unverified signals and may be incomplete or outdated.
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